Ethanolamines Market Overview:
The global ethanolamines market has been driven by the range of its application in various sectors such as detergents, chemical intermediates, herbicides, and others. Moreover, it is estimated that the detergents segment is set to witness the highest growth in the market due to its growing demand in various end-user applications over the forecast period.
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Ethanolamines Market Key Players:
Some of the well-known players operating in the global ethanolamines market are BASF SE (Germany), The Dow Chemical Corporation (U.S.), Akzo Nobel N.V. (the Netherlands), Huntsman Corporation LLC (U.S.), LyondellBasell Industries Holdings B.V. (U.S.), Sintez OKA Group of Companies (Russia), INEOS (U.K.), SABIC (Saudi Arabia), Jiaxing Jinyan Chemical Co. Ltd. (China) and China Petroleum & Chemical Corporation (China) among others.
Ethanolamines Market Regional Analysis:
The North America market is expected to grow at a higher CAGR due to extensive consumption of the product in fragrances, hair care products, and others. The U.S., Canada, and Mexico have achieved a significant place in the market due to the growing investments in the end-use industries. Therefore, the growing demand for chemical products in end-use sectors are estimated to drive the market during the forecast period.
A moderate growth is achieved in Europe due to the implementation of new rules and regulations in the end-use industries. The growing innovation and technological advancements in developing bio-based products have propelled the market to witness a higher growth. Owing to these factors, countries such as Germany, the U.K, and Italy are the major contributors to this market.
A considerable development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of triethanolamines in various end-uses such as herbicides, metal cleaning, and others. Moreover, a slow development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to soaring prices of raw materials available in the market.
Ethanolamines Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Ethanolamines Market
Ethanolamines Market Table of Content to be Continue….,
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