Global Ethanolamines Market is estimated to be valued at USD 3.71 Bn in 2025 and is expected to reach USD 5.62 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.1% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 3.71 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
6.10%
2032 Value Projection:
USD 5.62 Bn
Figure. Ethanolamines Market Share (%), By Region 2025
The global ethanolamines market has been witnessing significant growth over the past few years. Ethanolamines are alkaline compounds largely used in the manufacture of cleaners, cosmetics, metalworking fluids, and gas treatment. Growth in end-use industries such as industrial and institutional cleaning, personal care, textiles, and water treatment is expected to continue driving demand for ethanolamines. Moreover, the rising uptake of ethanolamines as absorbents for carbon dioxide in different applications, including flue gas treatment and refrigerants is further augmenting the market expansion. However, volatility in raw material prices may hamper the market growth to some extent over the coming years. Ethanolamines react with acidic gases like carbon dioxide and hydrogen sulfide to form soluble salts that can be removed from the gas stream. This property makes them popular for natural gas processing activities. Furthermore, ethanolamines are employed as emulsifiers, pH regulators, and corrosion inhibitors across diverse sectors, including metalworking fluids, textile auxiliaries, and water treatment chemicals. Rising demand from end-use verticals, along with shifting focus towards green technologies, is expected to drive the market in the coming years.
Market Dynamics:
Rising demand from end-use industries represents the key growth driver for the market. Growth in production and sales across industries such as cleaning chemicals, personal care products, textiles, and water treatment has increased the consumption of ethanolamines substantially. Further, the increasing uptake of ethanolamines for the removal of carbon dioxide in processes like flue gas treatment as well as their use as refrigerants is also propelling market growth. However, fluctuating prices of key raw materials, including ethylene and ammonia, pose a major challenge. Also, stricter environmental regulations regarding emissions from ethanolamine manufacturing plants restrain industry expansion. Nevertheless, ongoing research and development (R&D) activities to develop bio-based varieties provide new avenues.
Key Features of the Study:
This report provides an in-depth analysis of the market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2025-2032), considering 2024 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include - The Dow Chemical Company, INEOS Group Ltd., SABIC, LyondellBasell Industries N.V., Huntsman Corporation, China Chemical & Petroleum Corporation, BASF-YPC Company Ltd., Sintez OKA LLC, Daicel Chemical industries Ltd., Celanese Corporation.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up gradation, market expansion, and marketing tactics.
Global ethanolamines market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.
Global Ethanolamines Market - Detailed Segmentation:
By Product Type
Monoethanolamines (MEA)
Diethanolamines (DEA)
Triethanolamines (MEA)
By Application
Surfactants
Chemical Intermediates
Herbicides
Gas Treatment
Metal Treatment
Textile
Others
By Region
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles
The Dow Chemical Company
INEOS Group Ltd.
SABIC
LyondellBasell Industries N.V.
Huntsman Corporation
China Chemical & Petroleum Corporation
BASF-YPC Company Ltd.
Sintez OKA LLC
Daicel Chemical industries Ltd.
Celanese Corporation
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Increasing demand from furniture industry
Growth in nonwoven hygiene products
Growing packaging industry
Restraints
Stringent regulations regarding VOCs emissions
Volatility in raw material prices
Opportunities
Product development for new applications
Market expansion in developing countries
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations
4. Global Ethanolamines Market- Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Ethanolamines Market, By Product Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025-2032(%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Monoethanolamines (MEA)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Diethanolamines (DEA)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Triethanolamines (MEA)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
6. Global Ethanolamines Market, By Application, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025-2032(%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Surfactants
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Chemical Intermediates
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Herbicides
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Gas Treatment
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Metal Treatment
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Textile
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
7. Global Ethanolamines Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2025-2032(%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2020-2032,(US$ Bn)