DEA Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Diethanolamine Market Share and it is segmented by application (chemical intermediates, paints and coatings, metalworking fluids, textile additives, gas treatment, and other applications), end-user industry (agriculture, personal care, textiles, construction, cosmetics, and other end-user industries), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report offers market size and forecasts in terms of revenue (USD million) for all the above segments.

Diethanolamine (DEA) Market Size

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Diethanolamine Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Diethanolamine Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Diethanolamine (DEA) Market Analysis

During the time frame of the forecast, the diethanolamine (DEA) market is expected to grow at a CAGR of more than 5%.

In 2020, COVID-19 had a detrimental effect on the market. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.

  • During the forecast period, the market is likely to be driven by the growing need for diethanolamine in the building and farming industries.
  • On the other hand, concerns about the product's effect on the environment and health are likely to slow the growth of the diethanolamine (DEA) market over the next few years.
  • Upcoming new refinery projects are likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption coming from countries such as China, Japan, and India.

Diethanolamine (DEA) Market Trends

Increasing Demand from the Textile Industry

  • Diethanolamine (DEA) is used in the textile industry for various applications, like fabric finishing agents, softening agents, fluorescent whitening agents, and lubricants for textile machinery.
  • Apparel consumption is forecast to witness significant demand. With the increase in penetration of the internet, consumers are now looking for easy shopping, better offers, and easy return policies. The growth in online sales has contributed to the growth of the apparel industry.
  • Nowadays, clothing has become a symbol of aspiration, personality, and status. Consumers have shifted from need-based to aspiration-based clothing. The demand for aspiration clothing has increased, which is expected to drive the DEA demand in the textile industry.
  • About 15% of India's export revenue comes from the textile industry. 10.6% of India's total exports in FY22 were textiles, handicrafts, and clothing.
  • As of October 2022, the National Bureau of Statistics of China said that China had made 3.18 billion meters of fabric for clothes.The volume of textiles produced each month was consistently greater than three billion meters. Hence positively impacting market growth.
  • Thus, owing to the above-mentioned factors, the market for diethanolamine (DEA) is expected to grow significantly during the forecast period.
Diethanolamine Market: Textile Production, China, (in Billion Meters), 2022

Asia-Pacific Dominates the Market

  • The Asia-Pacific region dominated the global market. With the growing demand for herbicides to increase agricultural productivity in countries such as China and India, the usage of diethanolamine is likely to increase in the region.
  • Total agricultural exports from India witnessed a significant increase. The country's agricultural and allied product export value exceeded USD 50 billion in the fiscal year 2022, representing an increase of nearly 43% compared to 2020. Hence, supporting the DEA demand in the agricultural industry
  • Another prominent industry that is likely to boost the DEA market is construction. With the increase in construction activities in India and China, the consumption of DEA in paints and coatings is projected to increase.
  • Rapid residential and commercial building expansion is the main driver of China's growth.China is encouraging and enduring a continuous urbanization process, with a projected rate of 70% by 2030.
  • Also, China's construction output peaked in 2021 at a value of about USD 4.3 trillion. As a result, these things tend to make more people want to buy DEA in the area.
  • All the aforementioned factors are expected to drive the demand for diethanolamine during the forecast period.
Diethanolamine Market: Diethanolamine (DEA) Market  - Growth Rate by Region

Diethanolamine (DEA) Industry Overview

The diethanolamine market is consolidated in nature. Some of the major players in the market include BASF SE, Dow, SABIC, INEOS, and HELM AG, among others (in no particular order). 

Diethanolamine (DEA) Market Leaders

  1. BASF SE

  2. Dow

  3. SABIC

  4. HELM AG

  5. INEOS

*Disclaimer: Major Players sorted in no particular order

Diethanolamine Market Concentration
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Diethanolamine (DEA) Market News

  • February 2023: Chemanol, a Saudi Methanol Chemicals Company, signed a joint venture agreement with GDI to develop a national company to produce specialized chemicals. Chemanol will own a 60% stake in the new company. The joint venture will manufacture methyl diethanolamine, choline chloride, dimethyl disulfide, dimethyl sulfate, chlorine derivatives, poly alpha olefins, and aromatic solvents.
  • February 2023: NIPPON SHOKUBAI CO., LTD. received ISCC PLUS certification*1 for 19 products, including Diethanolamine. The certification enables the establishment of a system for manufacturing and marketing certified products utilizing biomass-derived raw materials allotted by the mass balancing method*2 and offering a diverse selection of low-impact products.

Diethanolamine (DEA) Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Consumption of DEA as Herbicide in the Agricultural Industry

      2. 4.1.2 Increasing Construction Activities

    2. 4.2 Restraints

      1. 4.2.1 Environmental and Health Concerns

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Application

      1. 5.1.1 Chemical Intermediate

      2. 5.1.2 Paints and Coatings

      3. 5.1.3 Metalworking Fluids

      4. 5.1.4 Textile Additives

      5. 5.1.5 Gas Treatment

      6. 5.1.6 Other Applications

    2. 5.2 End-user Industry

      1. 5.2.1 Agriculture

      2. 5.2.2 Personal Care

      3. 5.2.3 Textile

      4. 5.2.4 Construction

      5. 5.2.5 Cosmetics

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements

    2. 6.2 Market Share(%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Air Liquide

      2. 6.4.2 BASF SE

      3. 6.4.3 Dow

      4. 6.4.4 Exxon Mobil Corporation

      5. 6.4.5 Formosa Plastics Corporation

      6. 6.4.6 INEOS

      7. 6.4.7 LG Chem

      8. 6.4.8 Linde PLC

      9. 6.4.9 LyondellBasell Industries Holdings B.V.

      10. 6.4.10 Mitsubishi Chemical Corporation

      11. 6.4.11 Reliance Industries Limited

      12. 6.4.12 HELM AG

      13. 6.4.13 SABIC

      14. 6.4.14 Sinopec

      15. 6.4.15 Chemanol

      16. 6.4.16 NIPPON SHOKUBAI CO., LTD.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Upcoming New Refinery Projects

**Subject to Availability
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Diethanolamine (DEA) Industry Segmentation

Diethanolamine, also known as DEA or DEOA, is a chemical molecule with the formula HN(CH2CH2OH)2. At room temperature, pure diethanolamine is a white solid. Diethanolamine is a corrosion inhibitor used in metalworking fluids for cutting, stamping, and die-casting operations. Diethanolamine is used in the creation of detergents, cleansers, fabric solvents, and metalworking fluids for acid neutralization and soil deposition. The diethanolamine market is segmented by application, end-user industry, and geography. By application, the market is segmented into chemical intermediates, paints and coatings, metalworking fluids, textile additives, gas treatment, and other applications. By end-user industries, the market is segmented into agriculture, personal care, textiles, construction, cosmetics, and other end-user industries. The report also covers the market size and forecasts in 15 countries across major regions. For each segment, market sizing and forecasts have been done based on revenue (USD million).

Application
Chemical Intermediate
Paints and Coatings
Metalworking Fluids
Textile Additives
Gas Treatment
Other Applications
End-user Industry
Agriculture
Personal Care
Textile
Construction
Cosmetics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Diethanolamine (DEA) Market Research FAQs

The Diethanolamine (DEA) Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

BASF SE, Dow, SABIC, HELM AG and INEOS are the major companies operating in the Diethanolamine (DEA) Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Diethanolamine (DEA) Market.

The report covers the Diethanolamine (DEA) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Diethanolamine (DEA) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

DEA Industry Report

Statistics for the 2024 DEA market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. DEA analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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DEA Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)