The global aminoethylethanolamine market size reached US$ 220.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 292.5 Million by 2028, exhibiting a growth rate (CAGR) of 5.00% during 2023-2028. The increasing usage in the formulation of agrochemicals for enhancing their stability, rising need for prescription drugs, and the growing demand for premium apparel around the world are some of the major factors propelling the market.
|Market Size in 2022
||US$ 220.8. Million
|Market Forecast in 2028
||US$ 292.5 Million
|Market Growth Rate (2023-2028)
Aminoethylethanolamine (AEEA) is a clear, colorless liquid soluble in water with a slight ammonia-like odor. It belongs to the class of ethanolamines compounds that are characterized by having both amine and alcohol functional groups. It can react with carbon dioxide (CO2) to form stable compounds, which can then be stored or utilized for other purposes, such as enhanced oil recovery. It also can react with acidic substances that makes it useful in processes involving pH adjustment, neutralization, and buffering. It is miscible with water and many organic solvents, including alcohols, ethers, and ketones.
There is an increase in the use of AEEA in the formulation of agrochemicals, such as herbicides, insecticides, and fungicides, to enhance their effectiveness and stability. This, along with rising farming activities due to rapid urbanization, growing global population, declining arable land, and surging food security concerns, is strengthening the market growth around the world. Moreover, there is an increase in the use of AEEA in the pharmaceutical industry as a building block in the synthesis of pharmaceutical compounds like drugs to treat various chronic ailments. This, coupled with the growing need for prescription drugs on account of the surging prevalence of medical conditions, is influencing the market positively. In addition, the increasing need for premium apparel is catalyzing the demand for AEEA as a dye fixing agent and as a component in fabric softeners. Apart from this, the rising usage of AEEA in metal cleaning applications to remove dirt, grease, and oil from metal surfaces is favoring the growth of the market.
Aminoethylethanolamine Market Trends/Drivers:
Increasing demand for personal care and cosmetic products catalyzing demand for aminoethylethanolamine
Due to the growing influence of social media, rising celebrity endorsements and increasing use of social media platforms, there is a rise in the awareness about personal hygiene and grooming among individuals. This is consequently resulting in the increasing sales of personal care products, such as shampoos, conditioners, and facial cleansers. These products have AEEA that serves as a pH adjuster and a surfactant to stabilize formulations and improve product performance. This, coupled with the rising global population and inflating income levels of people, is positively influencing the sales of AEEA around the world.
Expansion of construction industry stimulating market growth
AEEA is a key ingredient in the production of epoxy resins, which are used in the construction industry for various applications, including coatings, adhesives, and sealants. It can also be attributed to rapid urbanization, increasing infrastructure development, and rising number of renovation projects worldwide. AEEA has the ability to enhance the adhesive properties and durability of epoxy resins which makes it a preferred choice in the construction industry. As a result, the growing need for reliable and high-performance construction materials to meet the increasing infrastructure demands is impelling the growth of the market.
Growing need for effective corrosion protection in various industry verticals augmenting the market growth
AEEA is utilized as a corrosion inhibitor on account of its ability to form a protective film on metal surfaces, which prevents or minimizes corrosion. Industries, such as oil and gas, metalworking, and water treatment, consequently rely on corrosion protection to safeguard their equipment and infrastructure. With industrial activities expanding globally, there is an increase in the emphasis on maintaining the integrity and longevity of assets. Corrosion can lead to significant financial losses and safety hazards, which makes effective corrosion inhibitors crucial. Consequently, there is a rise in the use of AEEA as a cost-effective solution for corrosion protection to prioritize asset preservation and safety.
Aminoethylethanolamine Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global aminoethylethanolamine market, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on grade and application.
Breakup by Grade:
>99% represents the most popular grade of aminoethylethanolamine
The report has provided a detailed breakup and analysis of the aminoethylethanolamine market based on the product type. This includes >99% and <99%. According to the report, >99% represented the largest segment. Aminoethylethanolamine with a purity level of >99% contains minimal impurities, which ensures the integrity and quality of the end products. It ensures consistent and reliable performance in various applications. It allows for precise control over the chemical reactions and properties of the final products. It reduces the risk of contamination and adverse effects when used in applications involving human contact. AEEA with high purity minimizes the chances of side reactions, which can lead to unwanted byproducts or compromise the performance of the overall formulation.
Aminoethylethanolamine with a purity level below 99% is commonly referred to as technical grade or industrial grade. It is generally more affordable than higher-purity grades. It can be diluted or blended with other components to achieve the desired specifications, which allows for flexibility in formulating cost-effective solutions.
Breakup by Application:
- Chelating Agent
- Textile Additives
- Fabric Softeners
Lubricants dominates overall market
The report has provided a detailed breakup and analysis of the aminoethylethanolamine market based on the application. This includes chelating agent, surfactants, textile additives, fabric softeners, lubricants, and others. According to the report, lubricants represented the largest segment. The usage of aminoethylethanolamine in the formulation of lubricants can be accredited to its ability to form a protective film on metal surfaces and reduce friction and wear between moving parts.
Besides this, aminoethylethanolamine is utilized as a chelating agent in several industries, including the pharmaceutical, textile, and water treatment, on account of its chelating properties that help in binding or removing metal ions and enhancing the stability or effectiveness of formulations.
Aminoethylethanolamine is also employed as a surfactant to reduce the surface tension of liquids and help in the emulsification and dispersion of substances. It is utilized in the formulation of detergents, cleaning products, and personal care items like shampoos and soaps, where it enables effective mixing of oil and water-based ingredients.
Moreover, aminoethylethanolamine finds application as a textile additive, particularly in dyeing and printing processes. It acts as a leveling agent, which helps to evenly distribute dyes on fabrics and prevent uneven coloration. It can enhance the wetting properties of textiles, ensuring better absorption and penetration of dyes, which results in improved color fastness and vibrant hues.
Aminoethylethanolamine is also used in fabric softeners as a key ingredient. Its cationic nature allows it to bind to negatively charged fabric fibers, which reduces static cling and imparts a soft and smooth feel to the fabrics. It also helps in minimizing wrinkles and enhancing the ease of ironing, which makes clothes more comfortable to wear.
Breakup by Region:
- North America
- United Kingdom
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
North America exhibits a clear dominance, accounting for the largest aminoethylethanolamine market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
North America held the biggest market share due to rapid industrial growth and increasing infrastructure developments. Moreover, increasing sales of personal care and cosmetic products is catalyzing the demand for AEEA in the region. Besides this, the growing demand for water treatment facilities on account of the rising industrial waste polluting fresh water and the increasing need for clean drinking water is influencing the market positively in the region.
Europe is estimated to expand further in this domain on account of to the increasing shale gas and oil exploration activities, expansion of the pharmaceutical industry, and rising usage in the production of agrochemicals.
The top companies in the global aminoethylethanolamine market are focusing on developing sustainable and environment friendly methods for the synthesis of AEEA to minimize waste generation and reduce the use of hazardous chemicals. Moreover, key players are incorporating nanostructured systems, such as nanoparticles or nanocapsules, via the process of nanoencapsulation in AEEA to improve stability, control release, and target delivery. Apart from this, leading players are extensively investing in various research and development (R&D) activities to develop new catalysts, reaction conditions, and process optimization to enhance yield, purity, and cost-effectiveness. Owing to these developments, it is expected that the market will witness new entrants, expansion of the product portfolio, and increased partnerships for driving healthy competition within the field.
The report has provided a comprehensive analysis of the competitive landscape in the global aminoethylethanolamine market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
- Arabian Amines Company
- BASF SE
- Dow Inc.
- Huntsman Corporation
- Loba Chemie Pvt. Ltd
- Otto Chemie Pvt. Ltd.
- Prasol Chemicals Limited
- Restek Corporation
- Tokyo Chemical Industry Co. Ltd.
- BASF SE recently started using a new powerful supercomputer to strengthen its industrial chemical research and development (R&D) activities.
- In April 2021, Huntsman Corporation’s two sustainability projects supporting safety and waste minimization were recognized at the Responsible Care Awards hosted by the American Chemistry Council.
- In 2023, Dow Inc. announced a collaboration with New Energy Blue to develop renewable plastic materials from corn residue.
Aminoethylethanolamine Market Report Scope:
|Base Year of the Analysis
| Historical Period
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
||Chelating Agent, Surfactants, Textile Additives, Fabric Softeners, Lubricants, Others
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Arabian Amines Company, BASF SE, Dow Inc., Huntsman Corporation, Loba Chemie Pvt. Ltd, Nouryon, Otto Chemie Pvt. Ltd., Prasol Chemicals Limited, Restek Corporation, Tokyo Chemical Industry Co. Ltd., etc.
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Key Questions Answered in This Report:
- How has the global aminoethylethanolamine market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global aminoethylethanolamine market?
- What is the impact of each driver, restraint, and opportunity on the global aminoethylethanolamine market?
- What are the key regional markets?
- Which countries represent the most attractive aminoethylethanolamine market?
- What is the breakup of the market based on the grade?
- Which is the most attractive grade in the aminoethylethanolamine market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the aminoethylethanolamine market?
- What is the competitive structure of the global aminoethylethanolamine market?
- Who are the key players/companies in the global aminoethylethanolamine market?
Key Benefits for Stakeholders
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the aminoethylethanolamine market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global aminoethylethanolamine market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the aminoethylethanolamine industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.