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Ethanolamines are organic compounds produced as a result of the synthesis of ethylene oxide and ammonia. It serves as raw material for the manufacture of various solvents and formulations. The global ethanolamines market report by Market Research Future (MRFR) has been compiled keeping in mind the impact of the COVID-19 pandemic on the production and value chain. It contains drivers, restraints, opportunities, and threats for the period of 2021 to 2030 (forecast period).
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Market Scope
The global ethanolamines market is driven by the demand in surfactants and agrochemicals. Applications in metal cleaning, detergents, chemical intermediates, and herbicides can fuel the market demand significantly. The economic growth in developing regions and changing living standards of consumers can drive the market demand. The uptick in the production of fragrances, polishes, and textiles can work in favor of the market.
Segmentation
The global ethanolamines market is segmented by product and application.
By product, it is segmented into monoethanolamine, diethanolamines, and triethanolamines. Triethanolamines can hold a major market share till the end of the forecast period owing to its utilization in sunscreens, detergents, shaving products, hair care products, and others. But diethanolamines can surpass its counterpart over the assessment period.
Major applications comprise textiles, detergents, cement, chemical intermediates, herbicides, metal cleaning, gas treatment, personal care, and others. Detergents are predicted to contribute majorly to the global ethanolamines market due to its application in emulsifying agents and anti-static agents. The purpose of cleaning facilities due to stringent regulations regarding work safety and production norms amid the outbreak of the COVID-19 pandemic can drive the need for ethanolamines.
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Regional Analysis
Geographically, the market covers trends and opportunities across regions of Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA).
APAC holds the lion’s share of the market due to growing demand for diethanolamines in metal cleaning, detergents, chemical intermediates, herbicides, and others. The surge in disposable income levels of consumers coupled with rapid urbanization can propel the market growth. Countries such as China, Japan, and India are the major players in this market.
North America is likely to showcase exemplary growth in regards to the global ethanolamines market due to high standards of living and consumption of personal care products. Investments in end-use industries are likely to drive the market in the region during the forecast period. The U.S., Canada, and Mexico are predicted to spur the demand in the market due to their flexibility, stability, and durability.
Europe can witness a drop in demand due to the restrictions on diethanolamines by the European Union for the manufacture of cosmetics. Alternative methods for the use of these chemicals can lead to new growth avenues for the global ethanolamines market.
Latin America is estimated to witness significant growth in the market due to the use of agrochemicals in the agriculture sector. The utilization of emulsifying agents and the growing use in herbicides and gas treatment can fuel the ethanolamines demand. Moreover, the MEA region can witness a slow growth in the market due to volatile prices of raw materials.
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Competitive Outlook
Akzo Nobel N.V., SABIC, Jiaxing Jinyan Chemical Co. Ltd., The Dow Chemical Corporation, BASF SE, LyondellBasell Industries Holdings B.V., China Petroleum & Chemical Corporation, INEOS, Sintez OKA Group of Companies, Huntsman Corporation LLC, and others are key players of the global ethanolamines market.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Market Overview
Market Research Future (MRFR) studied the global bio-emulsion polymers market 2020 along the review period till 2027. As per MRFR study, the bio-emulsion polymers market is expected to hold high potential to earn decent revenue for the market and surge at high pace through the forecast tenure between 2020 and 2027.
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The increasing demand for high-performance and durable biopolymers is expected to support the bio-based emulsion polymers market expansion in the study period. The growing application and production of bio-based polymers, such as; acrylonitrile, vinyl acetate, and styrene-butadiene (SB) latex, is expected to fuel the market rise. The inclination towards emulsion polymerization of these polymers is expected to benefit the market in the study tenure. Moreover, volatile price of petrochemical feedstock and the abundance of biomass available are other causes that are expected to add to the bio-emulsion market surge.
Segmental Analysis
The segment study of the global bio-emulsion polymers market is done by application and material composition. The material composition-based segments of the bio-emulsion polymer market are ethylene vinyl acetate, polyacrylic acid, polyamide, acrylonitrile butadiene styrene, polybutylene, polymethyl methacrylate, and polybutylene terephthalate. The application-based segments of the bio-emulsion polymer market are textiles, paints & coatings, paper, and adhesives among others.
The paints & coatings segment is expected to earn the highest revenue for the bio-emulsion polymer market. The increasing consumption of natural based emulsion polymers that offer advantages, such as; excellent superior performance, life & recyclability, and ease of application, can support expansion of the market in the near future. The high impart of water and thermal resistance of bio-emulsion polymers, along with the high degree of bio-compatibility applied to the final product, can support the market expansion in the study period. MRFR study states that the adhesives sub-segment is set to thrive at a significant rate due to growing demand of bio-emulsion polymer in toys and furniture production. Moreover, the emission of volatile organic compounds and hike in volatile crude oil cost have forced investors and manufacturers to shift their focus from conventional emulsion polymers to natural materials that are observed to act as efficient binders in coating and paper sectors. The improved mechanical properties of natural materials and surge in consumer awareness among end-users can also drive the market over the assessment tenure.
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Regional Analysis
In North America, the bio-emulsion polymer market is expected to expand at high pace due to the increasing demand for bio-based products in textiles, paper, and packaging industries among others. The surge in research & development activities of emulsion polymers and high production base of acrylonitrile-butadiene-styrene and ethyl vinyl acetate bio-based materials can prompt the market in the study period. The US is most likely to witness a higher growth pace through the assessment period over other countries, Canada, and Mexico, due to the presence of top-notch market players in the region.
In Asia Pacific, the rapid rise of the bio-based emulsion polymer is expected to earn considerable market share of the world market. The increasing significance of the bio-emulsion due to rapid urbanization and growing popularity of products are bringing in high investment for the end-use industries that can favor the market in the years to come. The rising consumption of bio-based materials in packaging, textiles, and paper board sectors in India, China, and Japan among other APAC regions can contribute to the stunning rise of APAC bio-emulsion polymer market.
Europe bio-emulsion polymer market is expected to garner high turnover due to increasing demand for bio-emulsion polymer due to their benefits of better stability and low maintenance. Regulatory bodies in EU, such as REACH (Regulation for Registration, Evaluation, Authorization and Restriction of Chemicals) and EPA (Environmental Agency) have released guidelines to follow ecofriendly products over petroleum derived materials among end-uses that is expected to contribute to the market growth.
In Latin American, the bio-emulsion polymer market is expected to exhibit moderate rise due to decline in production cost and rise in technological standardization in the region, states MRFR’s regional progress study.
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Key Players
Cytec Industries Inc (U.S.), BASF SE (Germany), Clariant (Switzerland), Arkema S.A.(France), DIC CORPORATION (Japan), The Lubrizol Corporation (U.S.), Nuplex Industries Ltd (Australia), The Dow Chemical Company (U.S.), Trinseo (U.S.), and OMNOVA Solutions Inc (U.S.) among others are some reputed companies that are operating in global bio-emulsion polymers market that are listed by MRFR to gain insights into to the competitive scope of the market.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
Market Synopsis
As per the assessment conducted by Market Research Future (MRFR), the global pipe coatings market is expected to acquire a market value of more than USD 15,968.4 million by 2030.
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The pipe coating market is anticipated to be majorly driven by the growing demand for a higher shelf life of products and increasing initiatives to expedite water & wastewater treatment facilities during the forecast period. The surging demand for sewage treatment is projected to be another salient cause that can underpin the market expansion in the assessment timeframe. In addition, the rapid urbanization in developing countries is expected to offer lucrative opportunities for the pipe coating industry. Also, various benefits of pipe coating such as; decreased cost of energy and prevention of corrosion are other salient causes projected to enhance the demand for pipe coating, thereby augmenting the market.
Market Segmentation
The segmental analysis of the global pipe coating industry is done by surface type, product form, and end-use.
The surface type-based segments of the global market for pipe coating are internal and external.
The product-based segments of the global market for pipe coating are fusion bonded epoxy, metallic coatings, concrete coatings, and thermoplastic polymer coatings. The thermoplastic polymer coatings segment is further sub-segmented into polyethylene (P.E.), polytetrafluoroethylene (PTFE), polypropylene (P.P.), and polyurethane (P.U.).
The form-based segments of the global market for pipe coating are liquid and powder.
The end-use based segments of the global market for pipe coating are water & water treatment, marine, oil & gas industry, chemical processing, and others.
Regional Analysis
Based on the region, the global pipe coating market demand is segmented into Asia-Pacific, Europe, North America, and Middle East & Africa.
As per the analysis by MRFR, APAC is estimated to expand at a CAGR of 5.13% by 2030. The growing demand for energy in the region is expected to be a critical factor that can propel the market during the forecast period. The increasing expenditure of emerging nations to develop a new pipeline for water and water treatment is anticipated to underpin the market expansion in the assessment period. Besides, the oil & gas sector is predicted to play a salient role in augmenting the regional market. In addition, China and India are likely to thrive at a CAGR of 6% and 5.5%, respectively. The rapid expansion of industries in evolving nations is expected to grow the demand for pipe coating that can significantly boost the market growth.
Europe is anticipated to grow significantly by acquiring a notable market share during the forecast period due to the expansion of the oil & gas industry, which is expected to enhance the demand for pipe coating. The region is likely to expand at a CAGR of 4.10% during the assessment period. The participation of Germany and Russia is expected to provide a thrust to the expansion of the industry in the region.
North America is expected to procure a significant market value with a stable CAGR during the forecast period. The U.S. is anticipated to make the most notable participation to grow the regional market in the coming period.
MEA is likely to acquire a small market share during the forecast period due to the lack of awareness and poor economies.
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Key Players
Some of the eminent players of the global market for pipe coating are Arkema S.A., AkzoNobel N.V, 3M, Axalta Coating Systems Ltd, The Sherwin-Williams Company, Specialty Polymer Coating Inc, BASF SE, DowDupont Inc, PPG Industries, Inc, LyondellBasell Industries Holdings B.V, Shawcor, Wasco Energy, The Bayou Companies, LLC, and Tenaris
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com