Ethylene Amines Market Examining Trends, Growth, and Opportunities: Professional Forecast by Fact MR

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The global ethylene amines market has experienced substantial growth in recent years, driven by increasing demand across various industries such as pharmaceuticals, agriculture, automotive, and paper production. The global sales of the ethylene amines market in 2021 was held at US$ 2.2 Billion. With 6.7% CAGR, the projected market growth during 2022 to 2032 is expected to be slightly higher than the historical growth.

In the United Kingdom, the ethylene amines market is expected to attain a valuation of US$160 million by 2032, growing at a CAGR of 5.8% and generating an absolute dollar opportunity of US$69.4 million during the forecast period. Similarly, Japan's market is projected to reach US$258.3 million by 2032, with a CAGR of 9.2% and an absolute dollar opportunity of US$150 million. South Korea's market is anticipated to achieve a valuation of US$182 million, expanding at a CAGR of 8.6% and creating an absolute dollar opportunity of US$101 million during the same period.

The bleach activator segment is expected to offer significant opportunities, projected to expand at a CAGR of around 8.7% from 2022 to 2032. Bleach activators like tetraacetylethylenediamine are commonly found in detergents and laundry additives, with concentrations typically ranging between 1.4% and 13%. The increasing demand for highly concentrated detergent powders and the preference for washing machines operating at temperatures below 60°C, due to energy conservation and textile care considerations, are driving this growth.

Key players in the ethylene amines market include Huntsman International LLC, Tosoh Corporation, Nouryon Chemicals Holding B.V., BASF SE, Delamine B.V., Diamines and Chemicals Limited, Arabian Amines Company, Oriental Union Chemical Corporation, Saudi Basic Industries Corporation, Sadara Chemical Company, Shandong Lianmeng International Trade Co., Ltd, Prasol Chemicals Pvt. Ltd., and NOVA Chemicals Corporation. Recent developments among these companies include NOVA Chemicals' acquisition of ethylene trading and storage facilities in Mont Belvieu, Texas, in July 2021, and BASF SE and SINOPEC's announcement in August 2021 to expand their Verbund facility in Nanjing, China, to produce various chemicals, including ethylene amines.

The market is segmented by type into Ethylenediamine (EDA), Diethylenetriamine (DETA), Triethylenetetramine (TETA), and Tetraethylenepentamine (TEPA). By application, it is divided into Bleach Activator, Chelating Agent, Lube Oil & Fuel Additives, Pesticide, Pharmaceutical, Polyamide Resin, Textile, and Other Applications. Geographically, the market is analyzed across North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

Highlights of the report include comprehensive analyses of market trends, growth drivers, challenges, and opportunities. It offers in-depth insights into market segmentation, competitive landscape, and regional performance. The report also addresses key questions such as current market worth, sales forecasts, regional growth rates, and emerging trends in the ethylene amines market.

Key opportunities identified in the market encompass the growing demand from the pulp and paper industry, increasing use in the oil and gas sector, emerging applications in pharmaceuticals and personal care, and the development of bio-based ethylene amines. The rising demand for paper, especially in developing countries, is expected to drive the market. In the oil and gas industry, ethylene amines are utilized for gas treating and acid gas removal, with the rising demand for natural gas and cleaner fuels boosting their use. Additionally, ethylene amines serve as intermediates in pharmaceutical production and are used in personal care products, creating new opportunities. The development of bio-based ethylene amines from renewable sources aligns with growing sustainability concerns.

In conclusion, the ethylene amines market is poised for significant growth, driven by diverse applications across multiple industries and ongoing developments by key market players. The comprehensive analysis provided in the report offers valuable insights into market dynamics, segmentation, and future opportunities.

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Fact.MR forecasts the global carglumic acid market to grow from US$ 152.5 million in 2023 to US$ 314.4 million in 2033. This represents a CAGR of over 7.5% from 2023 to 2033.

The global metal finishing chemicals market is estimated at USD 11.7 Billion in 2022 and is forecast to surpass USD 16.4 Billion by 2032, growing at a CAGR of 3.4% from 2022 to 2032.

Based on the analysis by Fact.MR, the global perfluorocarbons market is estimated to reach a valuation of US$ 1.0 billion in 2023 and it is expected to grow at a CAGR of 4.0% to reach US$ 1.5 billion by the end of 2033.

The global anti-infective agents market is expected to be worth US$ 141 Billion in fiscal year 2022, up from US$ 136 Billion in fiscal year 2021. From 2022 to 2032, the market is expected to grow at a 3.3% CAGR, reaching a value of US$ 195.8 Billion by the end of 2032.

Polycarbonate resins market is anticipated to register a volume CAGR of over 4% during the forecast period, 2019 to 2029.

Global demand for nylon is valued at US$ 34.1 billion in 2023 and is extrapolated to attain a market revenue of US$ 60.5 billion by 2033-end. The global nylon market is projected to exhibit expansion at a healthy 5.9% CAGR over the next ten years.

 

 

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