The new report by Expert Market Research titled, ‘Global Monoethanolamine Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global monoethanolamine market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/monoethanolamine-market/requestsample
The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): 1.84 million metric tons
• Forecast CAGR (2020-2025): 3.5%
• Forecast Market Size (2025): 2.25 million metric tons
The monoethanolamine industry is being supported by the increasing product demand from its large application industries, such as detergents and cleaning. Also, the rising demand from the pharmaceutical and cosmetic industries is fueling the market growth. Besides, factors such as growing disposable incomes, evolving lifestyles, and increasing urbanisation are leading to further product demand growth. The industry is expected to expand as pesticides are increasingly being used in agricultural activities and as monoethanolamine is used in pesticide formulations. The extension of agricultural activities, therefore, promotes the development of the monoethanolamine industry.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/monoethanolamine-market
Industry Definition and Major Segments
Monoethanolamine, better known as β-Aminoethanol, is an organic compound with colourless, flammable, and toxic properties. This produces an odour similar to ammonia. The drug is used widely in pure form and in liquid form.
On the basis of end use, the industry is divided into:
• Detergents
• Personal Care
• Textile
• Wood Preservation
• Agrochemical
• Metal Cutting
• Others
The regional markets for monoethanolamine include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The market is powered by extensive monoethanolamine use in the chemical industry, as well as detergents and personal care products. Also, the metal cutting applications that monoethanolamine provides are finding great use in the textile industry. Due to its hygroscopic property derived mainly from alcohols, the drug finds application in textiles in the preparation of softeners and dye auxiliaries. Monoethanolamine is used in lubricants because of the presence of acidic chemicals to prevent them from corroding.
Innovative cleaning solutions are being sold by Dow Chemical Company (NYSE: CTA-B), a major player in the market. The company provides solutions to prepare high-quality laundry detergent that surpasses ordinary cleaning by combining quality, multifunctional output, and sustainability. With the rising standard of living, increasing demand for cleaning solutions like detergents is expected to fuel monoethanolamine’s market growth.
Key Market Players
The major players in the market are Nippon Shokubai Co., Ltd. (TYO: 4114), BASF SE (ETR: BAS), Dow Chemical Company (BVMF: C1TV34), Nouryon, and Saudi Basic Industries Corporation (SABIC) (TADAWUL: 2010), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Phenolic Resin Market: https://www.expertmarketresearch.com/reports/phenolic-resin-market
Nickel Hydroxide Market: https://www.expertmarketresearch.com/reports/nickel-hydroxide-market
Sodium Lauryl Sulphate Market: https://www.expertmarketresearch.com/reports/sodium-lauryl-sulphate-market
Potassium Dihydrogen Phosphate Market: https://www.expertmarketresearch.com/reports/potassium-dihydrogen-phosphate-market
Water Clarifiers Market: https://www.expertmarketresearch.com/reports/water-clarifiers-market
Biopesticides Market: https://www.expertmarketresearch.com/reports/biopesticides-market
Calcium Formate Market: https://www.expertmarketresearch.com/reports/calcium-formate-market
Industrial Rubber Market: https://www.expertmarketresearch.com/reports/industrial-rubber-market
Ferro Fluids Market: https://www.expertmarketresearch.com/reports/ferro-fluids-market
Precipitated Barium Sulphate Market: https://www.expertmarketresearch.com/reports/precipitated-barium-sulphate-market
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: Expert Market Research
Contact Person: Mathew Williams, Business Consultant
Email: sales@expertmarketresearch.com
Expert Market Research
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
0 Comments:
Post a Comment