Ethylene Amines Market Size, Analysis, Share & Forecast 2031

Report Description

The global ethylene amines market size was around USD 1.7 billion in 2021 and is expected to surpass USD 2.9 billion by 2030, expanding at a CAGR of 4.9% during the forecast period, 2022–2030. The market growth is attributed to the rising demand for several chemical compounds from agrochemicals, personal care, and paints & adhesives sectors.

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Ethylene amines are organic compounds that have an ammonia-like odor and are generally found in colorless liquid and have low-viscosity properties. As a base amine component, ethylene amines can be found naturally in natural gas and petroleum. The key derivatives of ethylene amines include ethylenediamine, triethylenetetramine (TETA), diethylenetriamine, aminoethylpiperazine (AEP), and tetraethylenepentamine, which have a wide range of applications across industries. For instance, TETA is widely used in the production of asphalt additives and manufacturing lubricating additives, oil and fuel additives, and epoxy curing agents. AEP, as a derivative of piperazine, is extensively used across various industries as polyamide resins, urethane chemicals, corrosion inhibitors, epoxy curing agents, and mineral processing aids. Ethylene amines and their derivatives are extensively used across industries including agriculture, oil & gas, pharmaceuticals, paint & coatings, automotive, and textile.

Ethylene amines, owing to their versatile and excellent properties, are widely used in various industrial applications as surfactants, chelating agents, lube oil additives, polyamide resins, and epoxy curing agents. For instance, the compounds are excellent surface-active agents that are primarily used in various cleaning, foaming, and wetting applications. A range of cleaning products such as detergents and soaps consist of various surface-active agents, which help in reducing the surface tension of substances used and water. Moreover, the compounds act as major chelating agents, which have several applications in water treatment processes. Among industries, ethylene amines are also vastly used in resins & adhesives, paper, metal, plastic, and leather sectors owing to the wide application of their various derivatives as pressure-sensitive, corrosion inhibitors, and heat-sealing agents.

COVID-19 Impact

The market report finds that the COVID-19 healthcare crisis affected the overall market revenue during 2020-2021 due to the sharp decline in demand for ethylene amines and their derivatives from industries worldwide. The sluggish growth rate of the market during the peak pandemic period was largely caused by the temporary shutdown of various manufacturing factories across the majority of industries globally. Moreover, the sudden disruption in the global supply chain, impacted by emergency lockdowns, affected the normal production of various chemical components. As a result, manufacturers had to delay or reschedule their production. The harsh impact of the pandemic on automotive, textile chemicals, and agrochemicals and the rapid decline of construction activities across the globe further hampered market growth. 

Meanwhile, the surge in the demand for ethylene amines, especially from the pharmaceutical industry during the pandemic helped in the market share expansion. Ethylenediamine and piperazine are key derivatives of ethylene amines, which were in high demand as they were widely used as vital raw materials in the production and medical research of several COVID-19 vaccines and drugs. The surge in demand for pharmaceutical products to prevent the virus spread and the treatment of COVID-19 patients boosted the market revenue during the pandemic.

Market Dynamics

The research report presents a complete overview by providing detailed information about the current major market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global ethylene amines market report has up-to-date insights about the market scenario that can shape the overall market performance and output during the projected period, 2022 to 2030.

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Major Drivers: Growing demand for ethylene amines in the automotive and agrochemical sectors

Growing demand for ethylene amines across industries, especially in the automotive, textiles, and agrochemical sectors presents a major factor driving the market. With the rising disposable income among customers in developed regions such as North America, the demand for commercial and passenger vehicles is growing significantly. As a key component, ethylene amines are widely used as fuel additives, paints & coating agents, and lubricant additives in the automotive industry to make vehicles lighter in weight and durable paint lifespan. Moreover, the increasing demand for bio-based chemical products in the agricultural sector worldwide to reduce carbon emissions in farming and cultivation is another key driver of the market. The rising concern for global food sustainability results in the massive demand for pesticides and other chemicals to prevent food diseases and enhance overall crop production.

Existing Restraints: Strict government regulations regarding safety measures for chemicals development

The manufacturing of highly-reactive chemical compounds usually involves certain risks of laborers exposing to chemical reactions, which may cause side effects on workers’ health. Ethylene amines production is associated with certain risks of toxicity as it can easily cause exothermic reactions when mixing with other chemicals. Commercial and industrial production of ethylene amines requires careful handling and the toxic gas released from its production can cause some health issues including asthmatic conditions to the workers on the production line. Considering the risk of several health issues associated with the production of chemicals, governments impose a wide range of regulations for ensuring high-quality working conditions for workers and strict environmental compliance with business operations. Such stringent government regulations regarding various safety measures in the chemical industry act as a major restraining factor that can hamper the market growth in the coming years. Furthermore, the low rate of commercialization of chemical compounds, especially in low-income and middle-income countries is likely to hinder market growth in the coming years. 

Emerging Opportunities: Ongoing R&D programs for eco-friendly chemical compounds development

Various ongoing R&D programs from key market players to develop eco-friendly chemical compounds for industrial use offers lucrative growth opportunities for the market. Considering the strict government environmental policies, several players have taken several green initiatives to optimize the use of the compounds to reduce their carbon footprint globally. In addition to accelerating the use of eco-friendly compounds in agricultural practices, the majority of the key players are actively engaged in R&D activities to expand the application of ethylene amines in other chemical-related industries. With rising technological advancements and consumer awareness, several initiatives to reduce carbon-free emissions are widely implemented in the automotive sector, especially using as eco-friendly fuel and lubricant additives.

Scope of the Report

The global ethylene amines market research report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Ethylenediamine segment to expand at a significant growth rate

Based on types, the global ethylene amines market is divided into ethylenediamine, triethylenetetramine, diethylenetriamine, aminoethylpiperazine, and tetraethylenepentamine.

The ethylenediamine (EDA) segment held a dominant market share in 2021 and is expected to expand at a significant growth rate during the projected period. The segment growth is largely attributed to the wide application of EDA as chelating agents, corrosion inhibitors, elastomeric fibers, reforming agents for soils, and oil and fuel additives across industries. In the agrochemicals sector, EDA is extensively used as a key raw material in the production of fungicides and insecticides, which are applied to prevent crops or plants from fungal diseases and other insect infections. In the pharmaceutical industry, EDA is largely adopted as a key ingredient for drug development and research to treat several chronic diseases including asthma, respiratory disorders, and lung diseases. Moreover, EDA acts as a catalyst agent to produce tetra acetyl ethylenediamine (TAED), which is widely used as a surface-active agent in a wide range of cleaning products including detergents, soaps, and shampoos for cleaning dishes and washing clothes.

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Agrochemicals segment to register a considerable CAGR

On the basis of applications, the global market is segmented into pharmaceuticals; agrochemicals; oil & gas; pulp & paper; paints, resins, & adhesives; personal care; automotive; water treatment; textile chemicals; and others.

The agrochemicals segment constituted a major market share in 2021 and is projected to register a CAGR of 3.9% during the forecast period owing to the increasing demand for agrochemical products such as herbicides, fungicides, and insecticides by farmers worldwide. The growing awareness regarding the benefits of using pesticides for higher crop yields among farmers, especially in developing countries presents a major factor driving the segment growth. Ethylene amines are widely used as key raw materials for manufacturing pesticides, which are major products of the agrochemicals industry.

The paints, resins, & adhesives segment is expected to exhibit a steady growth rate and account for a moderate market share in the coming years owing to the wide use of ethylene amines as adhesive agents and lubricants for various applications in rubber chemicals, automotive, and construction. The segment growth is further attributed to the growing demand for coating and paints, especially in the construction and automotive sectors.

Asia Pacific to dominate the market

In terms of regions, the global ethylene amines market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.

Asia Pacific accounted for a significant market share in 2021 and is expected to dominate the market during the projected period owing to the rapid expansion of the agrochemical, automotive, and construction industries. The region has a massive acre of agricultural land and farmers often use various agrochemical products such as pesticides to prevent crop infections or crop pests, which can lead to maximizing the production level. Asia Pacific emerged as a key destination for manufacturing units, especially the automotive industry due to the wide presence of skilled laborers at cheap labor costs and abundant availability of raw materials for automotive lubricants, parts, and components. The rising production of commercial and passenger vehicles including electric vehicles in the region to meet the need for global demand presents a major factor driving the regional market growth. Moreover, the growing construction activities in the region as part of the globalization and industrialization process further expand the market share in Asia Pacific.

The high consumption rate of ethylene amines in the region is attributed to the rapid expansion of various industries in emerging economies including China, South Korea, India, and Japan. With the rising economic growth in these countries, the region has become a hub for foreign direct investment across major industries such as the adhesives, paints, and textiles sectors. Moreover, the well-establishment of the chemical industry in the region plays a crucial role in the rapid growth of the regional market.

North America is projected to constitute a sizeable market share in the coming years owing to the rising consumption of ethylene amines for various petrochemical and personal care applications. The region has several ongoing research and development (R&D) programs to extract petroleum-based components, which are widely used in various hygiene and personal care products. Within North America, the US is a leading petrochemical market, and the US ethylene amine market value is anticipated to reach USD 1.1 billion by 2030, expanding at a CAGR of 4.2% during the forecast period.

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