Ethanolamine Market Outlook - Supply and Demand Analysis 2025-2034

Ethanolamine Market

Ethanolamine is a versatile chemical compound characterized by its viscous, alkaline nature and its distinctive ammonia-like odour. The compound is widely used as a scrubbing agent, surfactant and chelating agent, pH controlling agent, etc, in the industrial sector and for the manufacturing of various medicines. The widespread use in the industrial sector can be attributed to its excellent miscibility with water. The soaps and detergents industry is the leading consumer of ethanolamine, holding nearly 36% of the market share.

Global Supply/Demand Outlook

The global ethanolamine market stood at a volume of around 2120.00 Kilo Tons in 2024. The market is estimated to grow at a CAGR of 3.80% between 2025 and 2034 to reach a volume of about 3078.29 Kilo Tons by 2034. One of the key factors propelling the ethanolamine market include its growing applications across diverse end use sectors, including cosmetics, gas treatment, detergent, surfactants, chemical intermediates, herbicides, and others. The surfactants sector is a major consumer of ethanolamine. Additionally, in cosmetic products, it is commonly used in the preparation of shampoos and hair conditioners, that enjoy great demand and thus enhance the application scope of ethanolamine.

The global capacity of ethanolamine was about 2,750 KT in the year 2023. It is projected to reach around 3,600 KT by 2032. Globally, North Asia is the largest producer of ethanolamine, and the region has the installed capacity of nearly 950 KT, followed by North America and West Europe.

Regional Market Analysis

In terms of demand, the Asia Pacific holds around 46% of the market share. The demand for ethanolamine from the chemical sector is growing as it plays a crucial role in the production of several intermediates, which are further used in protective coatings, polishes, cleansers, and many other essential products.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Key Market Players

The top five producers of ethanolamine are The Dow Chemical Company, BASF SE, Nouryon, INEOS Group Ltd., and Huntsman Corporation. These companies together occupy nearly 48% of the global ethanolamine capacity. Out of this, Dow- the leading global manufacturer of ethanolamine- alone holds approximately 16.5% of the overall capacity.  Dow has many world-scale plants and facilities dedicated to ethanolamine production in Seadrift, Texas and St. Charles, and a plant in Plaquemine, Louisiana. The facility at St. Charles employs a monoethanolamine (MEA)-selective process which is fully integrated, starting from ethylene to ethanolamines.

Other major manufacturers of ethanolamine are LyondellBasell Industries N.V., SABIC, Sintez OKA Group, Reliance Industries Ltd., and Jiaxing Jinyan Chemical Co., Ltd.

In April 2022, BASF and SINOPEC joined hands and advanced the expansion of the joint Verbund site located in Nanjing, China. This was aimed at expanding the capacity of several downstream chemical plants, including ethyleneamines and ethanolamines.

Key Questions Answered in the Report:

• What are the high-growth opportunities and markets for ethanolamine by application and region?

• What are the types of ethanolamine available by region?

• Which segments and regions are projected to grow at a faster pace and why in the ethanolamine market?

• What is the nameplate capacity of ethanolamine by region from 2018 to 2032?

• How does the plant capacity utilisation of ethanolamine vary by region between 2018 and 2034?

• Who are the major players in the ethanolamine market by capacity and region?

• What major plant shutdowns and expansions have occurred in the ethanolamine market in the last year and the last quarter?

• What major plant shutdowns and expansions are planned in the ethanolamine market over the next year and quarters?

• How did export and import dynamics of ethanolamine vary by region in terms of value between 2018 and 2023?

• How did export and import dynamics of ethanolamine vary by region in terms of volume between 2018 and 2023?

• What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of ethanolamine?

• What are the environmental considerations and regulatory impacts affecting the ethanolamine market?

• What technological innovations are having an impact on the production and application of ethanolamine?

• What are the key trends and innovations in the ethanolamine market?

• What are the challenges and opportunities faced by ethanolamine manufacturers?

• What are the potential risks and barriers to entry for new players in the ethanolamine market?

• What strategic investments and expansions have major players made in the ethanolamine market?

• How are geopolitical factors and international trade policies affecting the global ethanolamine market? 

• What are the price trends for ethanolamine, and how are they expected to change?

• How does the supply chain of ethanolamine operate, and what are its key components?