Chicago, IL -- (SBWIRE) -- 07/14/2017 -- Ethanolamine or monoethanolamine is an organic chemical compound widely used in various industrial applications. It is a primary amine and primary alcohol which is colorless, corrosive, viscous, and toxic. Ethanolamines are used in varnishes, polishes, emulsification, detergents, and various other chemical intermediaries. The global rise in demand for ethanolamine is projected to drive the growth of the ethanolamines market by 2022. The increasing scope of application and the rise in the demand for the end-use products that utilize ethanolamine are also some of the vital influencing factors for the growth of this market.

This report provides a comprehensive analysis of the ethanolamines market and projects the growth trends and revenue forecasts for the next five years. The objective of this report is to describe the market trends and revenue forecasts for the ethanolamines market describing the key influencing factors for the growth of the market. The report strategically analyzes the key micro markets, while focusing on the industry-specific drivers, opportunities, restraints, and challenges for the ethanolamines market.

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KEY PREMIUM INDUSTRY INSIGHTS

The key factors driving the growth of the ethanolamines market include the growing demand for surfactants and the growing usage of ethanolamines as an herbicide across the developing countries.

The increasing demand from the construction industry as a corrosion inhibitor is one of the key growth opportunity drivers for this market.

However, the volatility in raw material prices may hamper the growth of the ethanolamines market.

ETHANOLAMINES MARKET, BY PRODUCT

1. Monoethanolamine
2. Diethanolamine
3. Triethanolamine

ETHANOLAMINES MARKET, BY APPLICATION

1. Pharmaceutical and Personal Care
2. Detergents/Surfactants
3. Herbicides
4. Metalworking Fluids
5. Gas Treating
6. Cement
7. Textiles
8. Construction
9. Ethyleneamines

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