Market Size of Ethyleneamines 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?
Ethyleneamines Market Analysis
The ethyleneamines market is projected to register a CAGR of over 5% during the forecast period.
The COVID-19 pandemic adversely impacted the market for ethyleneamines because of its dependency on the textile, automotive, and chemical industries. The COVID-19 pandemic had a significant impact on worldwide auto manufacturing in 2020. The risk of infections among employees in locations where ethyleneamines generate lubricants led to the closure or reduction of operations at several automobile companies. It temporarily reduced the demand for ethyleneamines during the COVID-19 period. However, the market is growing steadily, owing to increased automotive and industrial activities from 2021.
- Over the short term, increasing demand from various end-use industries, accelerating demand for pesticides from developing countries, and developing consumer awareness concerning cleanliness and hygiene are major factors driving the growth of the market studied.
- However, the hazardous health effects due to direct exposure, and increasing usage of bio-based products for agriculture in developed countries are the key factor anticipated to restrain the growth of the target industry over the forecast period.
- Nevertheless, the increasing R&D for new product development is likely to create lucrative growth opportunities for the global market soon.
- Asia-Pacific is estimated to witness healthy growth over the assessment period in the ethyleneamines market due to the wide usage of ethyleneamines in end-use application segments, such as automotive, pharmaceutical, and other industries,
