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Global Aminoethylethanolamine Market Size, Trends, and Analysis- Forecasts To 2026 By Grade (>99%, and <99%), By Application (Chelating Agent, Surfactants, Textile Additives, Fabric Softeners, Lubricants, Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Aminoethylethanolamine is known as a linear molecule that contains amine groups and belongs to the ethylene amine family. With an alkaline pH, they are easily soluble in water and is used as a dilute solution. Aminoethylethanolamine is also referred to as N-(2-Aminoethyl) ethanolamine and gives out a mild ammonia odor. The growing demand from industries such as textiles, chemicals, and lubricants among others is boosting the market growth. The global market will register a high CAGR due to its various benefits such as low sensitivity, low vapor pressure, high viscosity, low environmental impact, and high versatility. The increasing demand for sequestering agents in detergents, growing usage of house cleaning products, and growing sanitization activities are positively impacting the market growth. The product is also used as a corrosion inhibitor, wet-strength resins, fabric softeners, epoxy curing agents, polyamide resins, fuel additives, and lube oil additives.
Based on the grade, the market is segmented into >99% and <99%. Among the grade type,>99% segment will hold the major share and will continue the trend over the forecast period. The 99% grade is mostly preferred among end-users as it offers various properties which include low vapor pressure and high viscosity. The 99% grade is used as an additive for latex paints, chelating agent, and dispersant in engine oil.
Based on the application, the market is segregated into lubricants, chelating agents, fabric softeners, surfactants, and textile additives among others. The lubricant application will propel at a high rate and will dominate the market between 2021-2026. The growing demand for lubricant additives from the automotive industry to enhance vehicle performance and machines are driving the segment growth.
Based on the region, the Asia Pacific region accounted for the major share and will propel at a high rate between 2021-2026. The growing demand from the end-use industries such as lubricants, textiles, and chemical processing industries is driving the region's growth. The presence of leading textile and chemical manufacturers in China and India is also supporting market growth. The abundant availability of raw materials, favorable government policies, availability of skilled labor, and the presence of global lubricants players are the key factors positively driving regional growth.
Key players operating in the market include are Wuhanshi Baixinda Chemicals, AkzoNobel, Tosoh Corporation, Ashland, TCI Chemicals Ltd., Delamine, Prasol Chemicals Pvt. Ltd, Dow Inc., Panjiva, and Huntsman International among others
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Aminoethylethanolamine Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Aminoethylethanolamine Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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