Global Ethyleneamines Market to Reach USD 3.21 billion by 2032, Driven by the Increase in the Use of Resin-Type Materials

The increase in the use of resins in various industries, including paper, oil, and lubricants, is expected to drive the growth of the ethyleneamines industry due to the product’s application in the production of various resin-type materials. Diethylenetriamine-based polyamines are used to make resins that are commonly used as additives to increase the wet-strength of paper, such as in tissues and packaging. Some forms of ethyleneamines are used in the making of resins that act as lubricants in several industries.

In 2016, BASF (OTCMKTS: BASFY), one of the global leaders of the ethyleneamines industry, made the decision to raise the prices of ethylenediamine (one of the major types of ethyleneamines) with immediate effect in the Asia Pacific. This was in response to the increasing demand for the material in the region. This move was imitated by Tosoh (TYO: 4042) in late 2017, leading to an increase in prices for all their ethyleneamines products globally. In their annual report in 2018, Tosoh announced that its Specialty Group, as an initiative to increase scope and stabilise profits of chemical businesses, aimed to strengthen the foundation of its ethyleneamines products, among others. In October 2020, Nouryon Chemicals Holding B.V., another leading producer of ethyleneamines, confirmed its plans to build a world-scale facility for the production of ethyleneamines due to its new-found technology to produce ethyleneamines with significantly reduced raw material consumption and dramatically improved cost and waste efficiency. This is expected to be a big step forward for the industry in the future.

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Market Analysis by Type, Application, and Region:

• The market on the basis of type can be divided into ethylenediamene (EDA), diethylenetriamine (DETA), triethylenetetramine (TETA), tetraethylenepentamine (TEPA), aminoethylpiperazine (AEP-HP), and others.
• Based on application, the industry can be divided into agrochemicals, automotive, adhesives, paints, and resins, paper and pulp, pharmaceuticals, personal care, oil and gas, textile chemicals, and water treatment, among others.
• The regional markets for ethyleneamines include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The growing agrochemicals industry is expected to be a major driver for the ethyleneamines industry growth.
• There has been an increase in the use of chemicals in the manufacture of general products, and this is expected to increase demand for ethyleneamines due to their ability to control the properties of a wide variety of chemicals.
• The growth of resin-based applications, such as in the packaging and lubricant industries, is expected to aid the expansion of the global ethyleneamines industry.
• The surge in the pharmaceutical industry is expected to sharply increase the demand for ethyleneamines in the forecast period.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for ethyleneamines for the periods (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) market information for the types, applications, and major regions of ethyleneamines.
• It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.
• The market report also analyses the trade data by covering the major importing and exporting countries.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global ethyleneamines market are Huntsman International LLC, Tosoh Corporation, Nouryon Chemicals Holding B.V., BASF SE, Delamine B.V., and Diamines and Chemicals Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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