Market Size of Ethanolamines Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ethanolamines Market Analysis
During the forecast period, the ethanolamines market is expected to grow at a CAGR of more than 4%.
In 2020, COVID-19 negatively impacted the market. However, the market has now been estimated to have reached pre-pandemic levels and is forecast to grow steadily in the future.
- Growing demand for applications, such as glyphosate herbicides and corrosion inhibitors, for metal protection is likely to drive the market. Furthermore, the increasing use of surfactants is also expected to benefit the market significantly.
- However, rising weed resistance is expected to reduce glyphosate demand and stymie market growth.
The Asia-Pacific region is the biggest market and is expected to grow the fastest over the next few years because countries like China, India, and Japan are using more and more.
