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Ethyleneamines Market Size
- Report ID: GMI2388
- Published Date: Sep 2018
- Report Format: PDF
Ethyleneamines Market Size
Ethyleneamines market size was over USD 2 billion in 2017 and industry expects consumption of above 700 kilo tons by 2024
Ethyleneamines are commonly used in surfactants for their good foaming characteristics which is likely to propel product demand by 2024. Growing consumer awareness regarding cleanliness and hygiene has led to high demand in laundry and detergent products, thus promoting ethylene amines market size in surfactant application. Growing investments in research to develop novel products with improved properties to make them more eco-friendly supported by technological advancements will propel product demand.
Ethyleneamines market size is anticipated to grow significantly owing to its application in textiles industry. Aminoethyl ethanolamine has inimitable features and is used as an intermediate in fabric softeners, production of detergents and chelates which is likely to propel product demand by 2024. Global textile market size in projected to surpass USD 1 trillion by 2024 which is likely to propel product demand.
Ethylenediamine is an organic complex which is used chemical synthesis. Growing product application as chelating agents, bleach activators and corrosion inhibitors may boost industry size in forecast timeframe.
Global personal care products market size is anticipated to surpass USD 650 billion by 2024. Ethyleneamines finds usage in production of personal care and home products. Ethylenediamine is used for production of tetraacetylethylenediamine, which is used as a bleach activator in pulverised detergent structures. These amines are also used for producing amphoacetates, which are essential constituent in detergents including baby care products, shower gel and shampoo.
| Report Attribute | Details |
|---|---|
| Base Year: | 2017 |
| Ethyleneamines Market Size in 2017: | 2 Billion (USD) |
| Forecast Period: | 2018 to 2024 |
| Forecast Period 2018 to 2024 CAGR: | 6.4% |
| 2024 Value Projection: | 3 Billion (USD) |
| Historical Data for: | 2013 to 2017 |
| No. of Pages: | 370 |
| Tables, Charts & Figures: | 574 |
| Segments covered: | Product and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Factors including high viscosity & versatility along with extremely reactive properties are likely to drive Ethyleneamines market size in forecast timeline. These are volatile molecules that changes properties of chemical products like making them flexible, firm and soft along with adhering better and stopping products from coagulating. Ethyleneamines can be used in the manufacturing of adhesives, pharmaceuticals, cosmetics, paint and paper rolls which is likely to foster industry growth.
Growing acceptance of Ethyleneamines in pharmaceutical industry for manufacturing antimalarials, local anesthetics, antidepressants, antibiotics, antihistamines and muscle relaxant may drive product demand.
Ethyleneamines has extensive application space in coating industry as a wet-adhesion agent for latex paints. Its usage as a derivative for improving latex paint surface bond under clammy conditions may propel product demand by 2024.
Instable raw material prices along with severe regulations by European commission pertaining to manufacturing and using safe chemicals may limit industry profitability thereby affecting Ethyleneamines market price trend.
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Ethyleneamines Market Scope
