Market Size of Diethanolamine (DEA) Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
