Aminoethylethanolamine Market Size, Share & Trends Analysis Report By Grade (>99%, <99%), By Application (Chelating Agent, Lubricants), By Region (North America, APAC, Europe), And Segment Forecasts, 2020 - 2027

Report Overview

The global aminoethylethanolamine market size was valued at USD 207.8 million in 2019 and is expected to register a compound annual growth rate (CAGR) of 4.7% from 2020 to 2027. Rising demand for chelating agents in cleaners and detergents is projected to be a key driving factor for the market. Chelating agents are chemicals that react with metal ions to form a water-soluble complex. The presence of minerals, such as calcium and magnesium, in water, is a persistent issue globally. Hence, cleaner & detergent manufacturers are continuously focusing on the development of formulations to reduce the deposition of these minerals on different surfaces, such as clothes or appliances. In hard water, soap & detergent formulation reacts with magnesium and calcium salts to form a scum that is insoluble in water.

The chelating agents form water-soluble metal complexes that help form more lather and reduce surface tension. Amino Ethyl Ethanol Amine (AEEA) is used as a chelating agent as it is made up of a primary and secondary amine group that can be used to form metal complexes. It is replacing chemicals, such as phosphonates and citric acid, as prospective chelating agents. Detergents and household cleaners had significant demand in the past few years. Changing consumer habits, such as the adoption of online channels for the purchase of household products, have assisted the market growth. The demand for household cleaning products is higher in the U.S., China, and Japan due to the rising population and general awareness about personal hygiene.

A similar trend is being adopted by consumers in emerging economies, such as India, Indonesia, the Philippines, Argentina, and Vietnam. As most of the high-growth markets are present in the Asia Pacific, manufacturers are expected to invest more in the region over the coming years. Private label products are expected to assist in the market growth of chelating agents as their volumetric consumption is increasing rapidly in emerging economies.

The demand for chelating agents is expected to grow synonymously with that of detergents as they have now become an indispensable component of detergent formulations. The degradation of water quality in emerging economies due to heavy industrialization is expected to benefit market growth. The rising adoption of a healthy lifestyle and increased penetration of the online distribution channels will boost the demand further as more volumes of detergents will be produced to meet the rising demand.

Grade Insights

In terms of volume, >99% grade segment led the market with a share of more than 57% in 2019. This high share is attributable to the wider application of the grade type across various end-use industries. AEEA is used in a variety of industries due to its properties, such as low vapor pressure, versatility, and high viscosity. Companies, such as Dow Chemical, Nouryon, Prasol Chemicals, and Huntsman Corp., are some of the leading producers of <99% and >99% purity grade AEEA products.

Aminoethylethanolamine with a concentration of more than 99% is broadly utilized as a chelating agent and as an additive for latex paints. It is also used as a dispersant in engine oil and several other lubricants. There are multiple benefits of >99% AEEA, which include high viscosity, versatility, adaptability to harsh climatic conditions, and so on. Dow Chemical, BASF, and Huntsman Corporation are among the leading global manufacturers of >99% grade AEEA.

Products with concentrations less than 99% are widely utilized in a range of applications, such as fabric softeners, ore flotation, corrosion inhibitors, and hydrocarbon purification. This segment is likely to reflect sluggish growth over the coming years on account of the lack of technological adaptations by key product formulators.

Application Insights

In terms of volume, the lubricant application led the market with a share of 41.6% in 2019. This is attributable to the high demand for lubricant additives to enhance the properties of lubricants for better performance of vehicles and machines. Key lubricant manufacturers rely on the constant procurement of fuel additives to enhance the performance of their lubricant products and thereby capture a broader market share.

Multiple other sectors, such as agrochemical manufacturers, textile producers, and fabric care product manufacturers, have also reflected the increasing dependence on AEEA. With high growth across these industries worldwide, the demand for AEEA is also projected to rise over the forecast period.

Furthermore, surfactants are commercially utilized worldwide to lower the surface tension between gas & liquid, two liquids, and between solid & liquid, wherein they act as wetting agents, foaming agents, detergents, dispersants, and emulsifiers. AEEA acts as an important intermediate in surfactant application and is thereby utilized in the manufacturing of multiple industrial products.

Surfactants are gaining increasing popularity on account of their utility in formulations of inks, soaps, paints, fabric softeners, adhesives, recycled papers, snowboard waxes, emulsions, and ski waxes. Moreover, increasing demand for surfactants from agrochemical producers, such as biocides, herbicides, and insecticides manufacturers, as well as from personal care products companies for manufacturing hair conditioners, shower gels, toothpaste, and shampoos, is anticipated to be the key driving factors for the surfactants segment.

Regional Insights

The Asia Pacific was the largest market with a global share of 47.1%, in terms of revenue, in 2019. The market will expand further at a steady CAGR from 2020 to 2027 due to the rapidly growing end-use industries, such as textiles and lubricants, in China, Indonesia, Japan, India, and Thailand on account of easy availability of raw materials and skilled labor. The Asia Pacific is a hub for several automakers who constantly require premium lubricants. This is likely to positively affect the consumption of AEEA in the region.

North America has been a major hub for the majority of global pharmaceutical companies. With increasing innovation across the U.S. and Canada, in terms of medical technologies, companies operating in the regional ecosystem are focusing on widening the research scope to establish novel products in the market. Chelating agents formulated from AEEA are broadly utilized as stabilizers in pharmaceutical applications to promote stability in medicines.

Another highly evolving product application in the region is the lubricant sector wherein consumers demand high-performance products that also give longer oil drain intervals. This has led to the introduction of several lubricant additives, wherein AEEA is widely utilized. These factors are cumulatively projected to reflect a steady demand for AEEA in the North American market over the forecast period. Europe is the second-largest market due to increasing end-use industries across European countries.

The strong presence of prominent automobile manufacturers in the region that requires high volumes of lubricants and fuel additives, coupled with an increasing number of after-sales services of automotive companies, which consume these products for periodic vehicular maintenance will boost the regional market. According to the European Commission, the region is witnessing considerable growth in the textiles & clothing sector. The textile industry attracts a heavy demand for AEEA for the production of textiles and fabric care products.

Key Companies & Market Share Insights

Major companies are focusing on new product development, partnerships, and collaborations to reach out to the maximum potential customer at optimum distribution cost. Manufacturers of specialty chemicals, such as surfactants and softeners, have been actively doing collaborations with industry leaders to enhance their market penetration and product positioning. Key market participants are also emphasizing analyzing the customer needs and value proposition of the competition in the market. They are investing in developing and innovating new technologies to reduce their production costs and time; simultaneously increasing their operational efficiency. Some of the prominent players in the aminoethylethanolamine market include:

• AkzoNobel

• Ashland

• Dow Inc.

• Huntsman International

• TCI Chemicals Ltd.

• Tosoh Corporation

Aminoethylethanolamine Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global aminoethylethanolamine market report on the basis of grade, application, and region:

• Grade Outlook (Volume, Tons; Revenue, USD Thousand, 2016 - 2027)

  • >99%

  • <99%

• Application Outlook (Volume, Tons; Revenue, USD Thousand, 2016 - 2027)

  • Chelating Agent

  • Surfactants

  • Textile Additives

  • Fabric Softeners

  • Lubricants

  • Others

• Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2016 - 2027)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • Spain

    • France

    • Italy

    • Russia

    • Netherlands

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Indonesia

    • Malaysia

    • Philippines

    • Thailand

    • Vietnam

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Turkey

    • Egypt

    • Iran

    • UAE

    • Saudi Arabia

    • South Africa