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Ethyleneamines are a class of amine compounds containing ethylene (-CH2CH2-) linkages between amine groups. These compounds are generally colourless, low-viscosity liquids with a fishy amine odour. There are two main routes to produce ethyleneamines, the reaction between ethylene dichloride & ammonia, and the reductive amination of monoethanolamine.
There is a surging demand for the product in various end use applications such as chelating agents, lube oil additives, epoxy curing agents, polyamide resins and others, which is expected to drive the ethyleneamines industry growth. Moreover, rising demand for ethyleneamines as raw materials in agrochemical and paper industries is another factor anticipated to fuel the growth of the ethyleneamines market over the forecast period.
Due to the ongoing Covid-19 pandemic, there has been a surge in the demand for the compounds in pharmaceutical industry especially ethylenediamine and piperazine, which are used as raw materials in the production of several commercially available drugs. Additionally, the ongoing research and development for optimizing the use of ethyleneamines for various other applications is expected to boost the growth of the market.
However, risks associated with the toxicity of the chemical compound can restrain market growth. Additionally, ethyleneamines are highly reactive to many other chemicals and the reaction is usually exothermic, therefore safety handling is prescribed for the compound.
Key Market Driver -
The recent surge in pharmaceutical industry due to Covid-19 and the ongoing research and development will drive the market growth
Key Market Restraint -
Risks associated with toxicity of ethyleneamines to restrict the market growth
Based on type, the ethyleneamines marlet is segmented into ethylenediamines (EDA), diethylenetriamines (DETA), triethylenetetraamines (TETA), aminoethylpiperazine(AEP-HP) and others. Based on application, the market is segmented into paper, resin, automotive, adhesive, water treatment, agrochemical, pharmaceutical, personal care, textile chemical and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The ethyleneamines report will cover the following key insights:
North America has dominated the ethyleneamines market and is expected to grow at a substantial CAGR in the coming years attributed to the surging demand for the product in water treatment and pharmaceutical industry. Asia Pacific region is expected to grow at the highest CAGR during the forecast period owing to the growing demand for the product in automotive and agricultural industry. The European region held a significant market share owing to strong automotive base and rising technological advancements. The Middle East and Africa has a moderate market share and are expected to grow at a healthy CAGR in the coming years owing to the rising consumption of the product in the oil field chemicals. The Latin American region having a small market share, is projected to grow at a steady CAGR due to growing water treatment and pharmaceuticals industry.
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