Aminoethylethanolamine Market

Market Overview

The global aminoethylethanolamine market size was valued at USD 229.96 million in 2021 and is predicted to reach at USD 353.70 million by 2030, increasing at a CAGR of 4.90% from 2022 to 2030.

The chemical formula for aminoethylethanolamine is C4H12N2O, making it a linear molecule having primary as well as secondary amine groups. Ammonia-like odour is also present. In addition to the two nitrogen atoms that effectively absorb CO2, aminoethylethanolamine (AEEA) contains an OH group that increases the solubility of AEEA in water. AEEA has a higher solubility, lower vapour pressure, stronger heat absorbing power, higher absorption ability, as well as lower desorption energy compared to other commercial amines.

Corrosion inhibitors, asphalt additives, weight-strength resins, lubricating oil additives, coatings, epoxy curing agents, urethanes, polyamide resins, ore flotation, and chemical intermediates are among the many applications for AEEA. Paper as well as water treatment products both employ aminoethylethanolamine as a raw material. Monoethylene glycol undergoes a continuous hydrogenative amination process in order to yield AEEA for commercial use. To make amphoacetates, which in turn are used to make amphoteric surfactants, aminoethylethanolamine (AEEA) is used as a precursor. In addition to the increasing usage of aminoethylethanolamine across chemical as well as textile processes, the market is predicted to rise as a result of this trend.

Market Dynamics

Global Aminoethylethanolamine Market Drivers

The Use of Aminoethylethanolamine Across End-Use Sectors Is on The Rise         

The rising demand for aminoethylethanolamine as an intermediate in urethane processes and as pharmaceuticals, personal care products, water purification, agrochemical, rubber chemical, as well as paper chemical intermediate is likely to fuel the market's revenue growth throughout the forecast period. There are many applications for aminoethylethanolamine as a chelating agent, cationic surfactant, shampoo additive, and antistatic agent. Ion exchange resins and water-soluble cationic flocculants that easily absorb colloidal & solid particles via electrostatic attraction are frequently utilized in the manufacturing of Aminoethylethanolamine.

Hydrogen sulphide gas as well as carbon dioxide can also be removed from natural & refinery gas streams using AEEA. Another aspect that is predicted to contribute to the market's future revenue growth is the growing utilization of aminoethylethanolamine in the gas treatment industry. AEEA as well as its analogues are increasingly being studied for their potential therapeutic properties, and this is projected to drive the market's revenue growth in the years to come.

Usage Of AEEA In Polyurethane Production

Spray foams, appliances, construction panels, and automobile elastomers are all made with polyurethane which is further made with Aminoethylethanolamine (AEEA). Polyurethane consumption is on the rise in China, thanks to the country's growing end-use sectors. Manufacturers and investments in upstream operations are fueling the demand for the product.

Building materials that are more efficient have led to a rise in the demand for effective insulating materials that can be used to regulate HVAC systems. To save energy, PU foams are particularly effective insulating materials. Numerous organizations have discovered other intangible advantages of sustainable buildings, such as greater productivity, improved employee happiness, and their favorable impact on the company's brand and reputation. An increase in polyurethane production is expected as a result of the increased demand for AEEA. A further element fueling the market for detergents and home cleaners has been the rise in spending power in emerging economies over the last few years.

Global Aminoethylethanolamine Market Restraints

The Market for Aminoethylethanolamine Will Be Hindered by Its Negative Side Effects

Negative side effects associated with aminoethylethanolamine include the possibility of serious skin burns on exposure, harm to the eyes, respiratory damage induced by inhalation, and the capacity to produce allergic skin reactions. In addition, the widespread use of detergents consisting of amphoacetates is likely to produce an increase in the incidence of contact allergy, which could make AEEA less effective in the long run.

In the manufacture of amphoacetates, aminoethylethanolamine serves as a sensitizing reagent. Cable jointers have been known to develop occupational contact allergies to aminoethylethanolamine. If you accidentally eat aminoethylethanolamine, you may get tongue, throat and stomach discomfort or ulcers as a result. Overexposure to AEEA has been shown to impair fertility and result in congenital abnormalities, according to certain studies. Over the forecast period, there are a number of variables that could limit its use and revenue growth to a certain extent.

Global Aminoethylethanolamine Market Key Opportunities

Escalating Demand and Burgeoning R&D To Provide New Opportunities

A rise in the demand for the substance is being caused by the growing preference for using aminoethylethanolamine rather than alternative amines in the production of lubrication lubricants, fuel additives, solvents as well as other chemicals, plus fabric softener. To meet the ever-increasing demand coming from the worldwide automotive industry, major corporations are placing a strong emphasis on the manufacturing and research and development of reliable aminoethylethanolamine-based lubricant & fuel additives. It is anticipated that the growing number of research studies that investigate the capabilities of aminoethylethanolamine as just an essential intermediate for pharmaceutical drugs and the growing evidence of its therapeutic benefits will further enhance investments in clinical trials as well as establish lucrative opportunities for major companies currently operating in the market.

Regional Analysis

The global aminoethylethanolamine market is segmented by geography into North America, Europe, Asia-Pacific (APAC), Latin America, and Middle East & Africa (MEA).

In terms of sales, the Asia Pacific region was the most important market in 2021, accounting for over half of the total worldwide share. The rapidly expanding end-use companies, including textiles as well as lubricants, in China, Japan, Indonesia, and India will drive the market's continued expansion at a consistent compound annual growth rate from 2022 until 2030. This growth will be driven by the easy raw material availability and skilled labour in these countries. The Asia-Pacific region is home to a number of automakers, all of whom have an ongoing need for premium lubricants. The usage of AEEA throughout the region is likely to be affected favourably as a result of this.

The vast majority of the world's pharmaceutical corporations have their primary operations based in North America. Companies that are active in the region's ecosystem in the United States and Canada are concentrating on expanding the research scope in order to launch novel items in the market as a result of the increasing rate of innovation in medical technologies across both countries. In order to maintain the consistency of medicines, chelating agents that have been synthesised from AEEA are frequently used as stabilizers in pharmaceutical applications.

Another product application that is undergoing significant change in the area is the lubricant industry. Consumers in this sector want high-performance solutions that also provide longer oil drain periods. Because of this, the results have lead to the development of a number of different lubricant additives, among which AEEA plays a significant role. It is anticipated that the cumulative effect of these factors will result in a constant demand for AEEA throughout the North America's market over the course of the forecast period. Due to the expansion of end-use industries across the several countries that make up Europe, Europe is the second largest market.

The prominence of leading automobile players in the region, which require huge quantities of lubricants as well as fuel additives, combined with an increasing proportion of after-sales services provided by automotive organizations, which consume these goods and services for periodic vehicular maintenance, will boost the market in the region. As per the European Commission, there has been a significant increase in the amount of business conducted in the region relating to textiles and clothes. The manufacturing process of textiles and products for maintaining the cleanliness of fabrics generates a significant amount of demand for AEEA in the textile sector.

Segmental Analysis

The global aminoethylethanolamine market is divided into different segments according to the Grade, Application, and Region (Geography).

By Grade, the global market is segmented into >99% and <99%. With a market share of nearly 60% in 2021, the >99% grade segment was the most popular by volume. Attributable to the grade type's widespread use throughout a larger range of end-use sectors, this significant market share has been attained. There are numerous sectors where AEEA is employed because of its low vapor pressure and high viscosity. Purity-grade AEEA products are produced by companies like Dow Chemical, Prasol Chemicals, Nouryon, as well as Huntsman Corporation.

More than 95% of the aminoethylethanolamine in latex paints is used as a chelating agent as well as an additive. It's also a dispersion in motor oil and other lubricants. High viscosity, versatility, and adaptation to extreme climates are just a few of the many advantages of >99 percent AEEA. Over ninety-nine percent of grade AEEA is produced by Dow Chemical, BASF, as well as the Huntsman Corporation.

Product concentrations below 99 percent are commonly used in a wide range of industrial processes, including fabric softeners, mineral flotation, corrosion inhibitors, as well as hydrocarbon purification. Key product formulators are unlikely to make significant technological advancements in this market over the next few years.

By Application, the global market is segmented into Chelating Agent, Surfactants, Textile Additives, Fabric Softeners, Lubricants, and Others. A market share of about 45 percent for lubricant applications in 2021 was the largest. The increasing adoption of lubricant additives to improve the qualities of lubricants for improved performance in automobiles and machinery is to blame for this. Fuel additives are essential for lubricant makers who want to expand their market share and improve the efficiency of their goods.

AEEA has become more important to a wide range of different industries, including agrochemicals, textiles, and fabric care products, to name just three. As these businesses continue to grow, so does the demand for AEEA.

Aside from this, surfactants are widely used in the commercial world to reduce the surface tension in between a gas and liquid, a liquid and liquid, and a solid and liquid. They do this by acting as wetting agents, detergents, foaming agents, dispersants, and also as emulsifiers. AEEA is a significant intermediate in surfactant use and is used in the creation of numerous industrial products.

Inks, bathing soaps, paint, fabric softeners, adhesive, recyclable papers, snowboard wax, emulsions, and ski waxes are just a few of the products that use surfactants, which are becoming increasingly popular. Furthermore, the surfactants market is expected to grow as a result of increased demand from agrochemical producers, like biocides, herbicides, as well as insecticides makers, as well as personal care product firms for making hair conditioners, body washes, toothpaste, and shampoos.

By Region or Geography, the global market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America, and Middle East & Africa (MEA). Global revenue in 2021 was dominated by the Asia Pacific region, which had a global market share of almost 50%. The end-use industries in China, India, Indonesia, Japan, and Thailand, including textiles and lubricants, are expected to increase at a steady CAGR between 2022 and 2030 due to the easy access to raw materials and trained labor in these countries. Europe held the second place in the market because of the growth of end-use industries in European countries.

Recent Developments

• July 2022 - Global materials science giant, Dow Chemical Company, has inked a Memorandum-of-Understanding (MoU) with China's premier food and beverage conglomerate, Want-Want, to achieve zero-solvent emissions and build a circular economy in flexible packaging. Customized adhesives solutions will be developed to meet the needs of the market for more environmentally friendly packaging options as part of this partnership.
• May 2022 - In order to replace the current $1.2 billion senior-unsecured revolving credit facility that expires in May 2023, Huntsman Corporation had stated that its fully owned subsidiary, Huntsman International LLC, has signed into a new $1.2 billion sustainability-linked revolving credit facility.