Ethanolamine Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)
Market Report I 2025-08-13 I 159 Pages I EMR Inc.
The global demand for ethanolamine reached around 2.12 MMT in 2024. The market is projected to grow at a CAGR of 3.80% between 2025 and 2034, to reach a volume of around 3.08 MMT by 2034.
North America to be a Significant Regional Market for Ethanolamine
North America is the leading ethanolamine market due to the rising demand for ethanolamine in cosmetics, surface-active chemicals, and emulsifiers, adding to the export demand in North America. The growth in the regional market will be supported by the rising demand for glyphosate and gas purification in the production of natural gas. North America has been a prominent net exporter of the product. North American ethanolamine exports rose significantly in the previous years due to increased demand in regions such as China for ethanolamine. Because of lower ethylene prices in the United States compared to other regions, the United States can provide cost-effective ethanolamine, which further adds to the export demand in the region.
The Asia Pacific region follows North America as the second-largest market for ethanolamine. Asia Pacific, however, minimally exports ethanolamine to other regions due to an increase in the local consumption of the product to satisfy the rising demand. The increasing food consumption in Asian countries like China and India and the penetration rate of home and personal care products will be the key demand drivers for ethanolamine market in the Asia Pacific region. Moreover, rising demand from emerging markets, such as India and China, together with the development of new applications in wood preservation, building chemicals, and corrosion inhibitors for metal protection, is predicted to propel the global demand for ethanolamine.
Detergents and Personal Care Sector Expected to Dominate the Market Growth
The detergents and personal care sector is the leading segment in the ethanolamine market, accounting for a market share of nearly 36% of the total global demand for the product. Rising disposable income in the Asia Pacific and other developing nations is expected to increase the demand for detergents and personal care products, further aiding the growth of the market. China and India, particularly, are expected to drive the ethanolamine demand owing to the improving economic conditions and rising detergents and personal care industry.
Market Segmentations
Ethanolamine refers to a viscous liquid with an odour of ammonia, which is used to remove carbon dioxide and hydrogen sulphide from natural gas and is used to manufacture antibiotics. It is commonly used across industries like cosmetics, medical, clothing, automotive, and chemical industries.
Market breakup by Application
- Detergents and Personal Care
- Pesticides
- Gas Purification
- Cement
- Wood Preservation
- Others
Market breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Increasing Demand from End-Use Industries Augmenting the Market Growth
Due to increased demand from end-use industries, including textiles, chemicals, cosmetics and personal care, pharmaceutical, and others, the ethanolamine market has been gaining momentum. It is widely used in various sectors since it functions as a weak base compound and is a necessary head group for phospholipids. Rising demand for surfactants and other chemicals to meet global demand fuels the market development further. The low cost of production has also been aiding the growth of the market. The market growth is also being driven by the growing pesticides (glyphosate) sector. Glyphosate, which employs ethanolamine as its raw material, is likely to be the primary demand driver for ethanolamine because of increased crop production in the Asia Pacific and North America. The rise in glyphosate consumption across the globe will lead to the growth of the market. Additionally, ethanolamine is used in gas treatment applications to eliminate acidic impurities, including carbon dioxide and hydrogen sulphide. The gas treatment demand is expected to grow in the coming years, likely to aid the ethanolamine demand further.
New applications, such as wood preservation and agrochemical manufacture, are likely to open up new opportunities for the ethanolamine market. Over the forecast period, strong economic growth and rapid industrialisation in developing nations, such as China and India, are expected to remain a key driving force for market growth. Additionally, research and development activities, increased investment, increased per capita disposable income, and heightened consumer awareness benefits the ethanolamine market.
Key Players in the Global Market for Ethanolamine
The report gives a detailed analysis of the following key players in the global ethanolamine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- BASF SE
- The Dow Chemical Company
- INEOS AG
- Nouryon Chemicals Holding B.V.
- Saudi Kayan Petrochemical Company SJSC
- Nippon Shokubai Co., Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Ethanolamine Market Analysis
5.1 Key Industry Highlights
5.2 Global Ethanolamine Historical Market (2018-2024)
5.3 Global Ethanolamine Market Forecast (2025-2034)
5.4 Global Ethanolamine Market by Application
5.4.1 Detergents & Personal Care
5.4.1.1 Market Share
5.4.1.2 Historical Trend (2018-2024)
5.4.1.3 Forecast Trend (2025-2034)
5.4.2 Pesticides
5.4.2.1 Market Share
5.4.2.2 Historical Trend (2018-2024)
5.4.2.3 Forecast Trend (2025-2034)
5.4.3 Gas Purification
5.4.3.1 Market Share
5.4.3.2 Historical Trend (2018-2024)
5.4.3.3 Forecast Trend (2025-2034)
5.4.4 Cement
5.4.4.1 Market Share
5.4.4.2 Historical Trend (2018-2024)
5.4.4.3 Forecast Trend (2025-2034)
5.4.5 Wood Preservation
5.4.5.1 Market Share
5.4.5.2 Historical Trend (2018-2024)
5.4.5.3 Forecast Trend (2025-2034)
5.4.6 Others
5.5 Global Ethanolamine Market by Region
5.5.1 Market Share
5.5.1.1 North America
5.5.1.2 Europe
5.5.1.3 Asia Pacific
5.5.1.4 Latin America
5.5.1.5 Middle East and Africa
6 Regional Analysis
6.1 North America
6.1.1 Historical Trend (2018-2024)
6.1.2 Forecast Trend (2025-2034)
6.1.3 Breakup by Country
6.1.3.1 United States of America
6.1.3.2 Canada
6.2 Europe
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
6.2.3 Breakup by Country
6.2.3.1 United Kingdom
6.2.3.2 Germany
6.2.3.3 France
6.2.3.4 Italy
6.2.3.5 Others
6.3 Asia Pacific
6.3.1 Historical Trend (2018-2024)
6.3.2 Forecast Trend (2025-2034)
6.3.3 Breakup by Country
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 India
6.3.3.4 ASEAN
6.3.3.5 Australia
6.3.3.6 Others
6.4 Latin America
6.4.1 Historical Trend (2018-2024)
6.4.2 Forecast Trend (2025-2034)
6.4.3 Breakup by Country
6.4.3.1 Brazil
6.4.3.2 Argentina
6.4.3.3 Mexico
6.4.3.4 Others
6.5 Middle East and Africa
6.5.1 Historical Trend (2018-2024)
6.5.2 Forecast Trend (2025-2034)
6.5.3 Breakup by Country
6.5.3.1 Saudi Arabia
6.5.3.2 United Arab Emirates
6.5.3.3 Nigeria
6.5.3.4 South Africa
6.5.3.5 Others
7 Market Dynamics
7.1 SWOT Analysis
7.1.1 Strengths
7.1.2 Weaknesses
7.1.3 Opportunities
7.1.4 Threats
7.2 Porter's Five Forces Analysis
7.2.1 Supplier's Power
7.2.2 Buyer's Power
7.2.3 Threat of New Entrants
7.2.4 Degree of Rivalry
7.2.5 Threat of Substitutes
7.3 Key Indicators for Demand
7.4 Key Indicators for Price
8 Value Chain Analysis
9 Trade Data Analysis (HS Code- 292211, 292212, 292213, 292215)
9.1 Major Exporting Countries
9.1.1 By Value
9.1.2 By Volume
9.2 Major Importing Countries
9.2.1 By Value
9.2.2 By Volume
10 Price Analysis
10.1 North America Historical Price Trends (2018-2024) and Forecast (2025-2034)
10.2 Europe Historical Price Trends (2018-2024) and Forecast (2025-2034)
10.3 Asia Pacific Historical Price Trends (2018-2024) and Forecast (2025-2034)
10.4 Latin America Historical Price Trends (2018-2024) and Forecast (2025-2034)
10.5 Middle East and Africa Historical Price Trends (2018-2024) and Forecast (2025-2034)
11 Procurement Insights
11.1 Contract Terms
11.2 Cost Structure
11.2.1 Raw Material
11.2.2 Utility
11.2.3 Labour Cost
11.2.4 Fixed Cost
11.3 Pricing Model
11.4 Vendor Selection Criteria
11.5 Supplier and Buyer Power at Regional Level
11.5.1 Demand
11.5.2 Supply
11.5.3 Raw Material/Feedstock Availability
11.5.4 Supplier Power
11.5.5 Buyer Power
11.6 Procurement Strategy: Best Practices
12 Competitive Landscape
12.1 Supplier Selection
12.2 Key Global Players
12.3 Key Regional Players
12.4 Key Player Strategies
12.5 Company Profiles
12.5.1 BASF SE
12.5.1.1 Company Overview
12.5.1.2 Product Portfolio
12.5.1.3 Demographic Reach and Achievements
12.5.1.4 Certifications
12.5.2 The Dow Chemical Company
12.5.2.1 Company Overview
12.5.2.2 Product Portfolio
12.5.2.3 Demographic Reach and Achievements
12.5.2.4 Certifications
12.5.3 INEOS AG
12.5.3.1 Company Overview
12.5.3.2 Product Portfolio
12.5.3.3 Demographic Reach and Achievements
12.5.3.4 Certifications
12.5.4 Nouryon Chemicals Holding B.V.
12.5.4.1 Company Overview
12.5.4.2 Product Portfolio
12.5.4.3 Demographic Reach and Achievements
12.5.4.4 Certifications
12.5.5 Saudi Kayan Petrochemical Company SJSC
12.5.5.1 Company Overview
12.5.5.2 Product Portfolio
12.5.5.3 Demographic Reach and Achievements
12.5.5.4 Certifications
12.5.6 Nippon Shokubai Co., Ltd.
12.5.6.1 Company Overview
12.5.6.2 Product Portfolio
12.5.6.3 Demographic Reach and Achievements
12.5.6.4 Certifications
12.5.7 Others
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