2-Aminoethanol Price Trend

2-Aminoethanol Prices October 2023

The price of 2-aminoethanol in the United States reached 1432 USD/MT in October 2023.

In China, 2-aminoethanol price was accounted for 1078 USD/MT in Q4 of October 2023.

Germany’s 2-aminoethanol market price recorded 881 USD/MT in October 2023.

2-Aminoethanol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “2-Aminoethanol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of 2-aminoethanol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing 2-aminoethanol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

2-Aminoethanol Market Analysis

The global 2-aminoethanol market reached 1.7595 Million Tons in 2023. By 2032, IMARC Group anticipates the market to record 2.44 Million Tons , at a projected CAGR of 3.72% during 2023-2032.

• The pharmaceutical industry is experiencing an increase in the use of 2-aminoethanol because of its wide range of properties. It is employed in the manufacturing of numerous pharmaceutical drugs. It is an essential step in the production of medications such certain antibiotics, topical anesthetics, and antihistamines. It is used as a co-solvent in medical formulations to help dissolve less soluble medicines and enhance drug delivery. Additionally, it is employed as a potential of hydrogen (pH)-adjusting agent to guarantee that liquid oral therapies and topical preparations have the proper pH level.
• 2-aminoethanol is employed in various personal care items like shampoos, soaps, lotions, and cosmetics for its functions as a surfactant and emulsifier. There is a rise in the demand for 2-aminoethanol due to various factors like inflating income levels of individuals, rapid urbanization, and changing lifestyles. Individuals are choosing cosmetic items that are both efficient and come with improved features. 2-aminoethanol assists in maintaining stable formulations and enhancing lather and cleansing properties in soaps and body washes. It is added to creams and lotions to adjust their thickness. It aids in stabilizing oil-in-water emulsions and safeguarding uniform distribution of active ingredients while providing desirable texture and consistency to the products. As per the IMARC Group, the market for beauty and personal care products across the globe is anticipated to hit US$ 759.3 Billion in 2032.      
• The 2-aminoethanol demand is further propelled by its utilization in the chemical sector. It is a suitable chemical intermediate that plays a vital role in the manufacture several chemicals like chelating agents, corro1`sion inhibitors, and herbicides. Moreover, there is a rise in the demand for 2-aminoethanol as a key raw material in this sector.
• The market share is also expanding due to 2-aminoethanol's increased demand in construction and building materials. It is employed in the manufacturing of cement grinding for improving the efficiency of cement milling and lowering energy consumption.

2-Aminoethanol News

The report covers the latest developments, updates, and trends impacting the global 2-aminoethanol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in 2-aminoethanol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest key developments in the 2-aminoethanol industry:

• 8 December 2023, INEOS announced the acquisition of the LyondellBasell ethylene oxide and derivatives business and production facility at Bayport Texas for US$ 700 Million. This strategic acquisition also complements INEOS existing ethanolamines production facility in Plaquemine, Louisiana.

Product Description

2-aminoethanol, also known as ethanolamine and monoethanolamine (MEA), is a colorless and flammable syrup similar to liquid. It has a scent like ammonia and a boiling point of 339°F and a melting point of 339°F. It also has a 61.1 molecular weight and a lower explosive limit (LEL) of 5.5%. It can be easily and quickly mixed with water and various oxygenated organic solvents such as methanol, acetone, and glycerol in any ratio.

In addition, 2-aminoethanol plays a crucial function in waste gas flows by minimizing carbon dioxide, hydrogen sulfide, and other acidic pollutants. It is beneficial in maintaining the desired potential of hydrogen (pH) level, which is crucial for product stability and effectiveness. Furthermore, it serves as a valuable chemical intermediate in the synthesis of numerous chemicals and compounds.

Regional Coverage

The report provides a detailed analysis of the 2-aminoethanol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.

Global 2-Aminoethanol Price

The report offers a holistic view of the global 2-aminoethanol pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe 2-Aminoethanol Price

European 2-aminoethanol prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed 2-aminoethanol price information for a comprehensive list of countries.

North America 2-Aminoethanol Price

The analysis of 2-aminoethanol prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific data on 2-aminoethanol prices within the United States and Canada can also be provided.

Middle East and Africa 2-Aminoethanol Price

The report explores the 2-aminoethanol pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on 2-aminoethanol prices for countries can also be provided.

Asia Pacific 2-Aminoethanol Price

The 2-aminoethanol pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This analysis can be further extended to include detailed 2-aminoethanol prices for a comprehensive list of countries within the region.

Latin America 2-Aminoethanol Price

The analysis of 2-aminoethanol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of 2-aminoethanol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting 2-aminoethanol price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the 2-aminoethanol industry.