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Diethanolamine (DEA) Market Size (2024 - 2029)

The diethanolamine (DEA) market is anticipated to experience steady growth over the forecast period, driven by increasing demand in the building and farming sectors. Despite the challenges posed by environmental and health concerns, which may hinder expansion, the market has rebounded to pre-pandemic levels and is poised for further development. New refinery projects present potential opportunities for market expansion. The Asia-Pacific region leads in market consumption, with significant contributions from countries like China, Japan, and India.

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Market Size of Diethanolamine (DEA) Industry

Diethanolamine Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Diethanolamine Market Major Players

*Disclaimer: Major Players sorted in no particular order

Diethanolamine (DEA) Market Analysis

During the time frame of the forecast, the diethanolamine (DEA) market is expected to grow at a CAGR of more than 5%.

In 2020, COVID-19 had a detrimental effect on the market. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.

  • During the forecast period, the market is likely to be driven by the growing need for diethanolamine in the building and farming industries.
  • On the other hand, concerns about the product's effect on the environment and health are likely to slow the growth of the diethanolamine (DEA) market over the next few years.
  • Upcoming new refinery projects are likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption coming from countries such as China, Japan, and India.

Diethanolamine (DEA) Industry Segmentation

Diethanolamine, also known as DEA or DEOA, is a chemical molecule with the formula HN(CH2CH2OH)2. At room temperature, pure diethanolamine is a white solid. Diethanolamine is a corrosion inhibitor used in metalworking fluids for cutting, stamping, and die-casting operations. Diethanolamine is used in the creation of detergents, cleansers, fabric solvents, and metalworking fluids for acid neutralization and soil deposition. The diethanolamine market is segmented by application, end-user industry, and geography. By application, the market is segmented into chemical intermediates, paints and coatings, metalworking fluids, textile additives, gas treatment, and other applications. By end-user industries, the market is segmented into agriculture, personal care, textiles, construction, cosmetics, and other end-user industries. The report also covers the market size and forecasts in 15 countries across major regions. For each segment, market sizing and forecasts have been done based on revenue (USD million).

Application
Chemical Intermediate
Paints and Coatings
Metalworking Fluids
Textile Additives
Gas Treatment
Other Applications
End-user Industry
Agriculture
Personal Care
Textile
Construction
Cosmetics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Diethanolamine (DEA) Market Size Summary

The diethanolamine (DEA) market is poised for steady growth, driven by increasing demand in the building and agricultural sectors. The market has rebounded to pre-pandemic levels and is expected to expand further, despite environmental and health concerns that may pose challenges. The Asia-Pacific region, particularly China, Japan, and India, leads in consumption, with significant contributions from the textile and construction industries. The rise in online apparel sales and the shift towards aspiration-based clothing are expected to bolster DEA demand in textiles. Additionally, the agricultural sector's growth, supported by increased herbicide use, further propels the market in this region.

The market landscape is characterized by consolidation, with major players like BASF SE, Dow, SABIC, INEOS, and HELM AG dominating the scene. Recent developments, such as Chemanol's joint venture to produce specialized chemicals and NIPPON SHOKUBAI's certification for biomass-derived products, highlight ongoing industry advancements. These initiatives are likely to enhance the market's growth trajectory by expanding product offerings and catering to sustainability demands. As construction activities surge, particularly in China, the demand for DEA in paints and coatings is anticipated to rise, contributing to the market's overall expansion during the forecast period.

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Diethanolamine (DEA) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Consumption of DEA as Herbicide in the Agricultural Industry

      2. 1.1.2 Increasing Construction Activities

    2. 1.2 Restraints

      1. 1.2.1 Environmental and Health Concerns

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Application

      1. 2.1.1 Chemical Intermediate

      2. 2.1.2 Paints and Coatings

      3. 2.1.3 Metalworking Fluids

      4. 2.1.4 Textile Additives

      5. 2.1.5 Gas Treatment

      6. 2.1.6 Other Applications

    2. 2.2 End-user Industry

      1. 2.2.1 Agriculture

      2. 2.2.2 Personal Care

      3. 2.2.3 Textile

      4. 2.2.4 Construction

      5. 2.2.5 Cosmetics

      6. 2.2.6 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Diethanolamine (DEA) Market Size FAQs

The Diethanolamine (DEA) Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

BASF SE, Dow, SABIC, HELM AG and INEOS are the major companies operating in the Diethanolamine (DEA) Market.

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DEA Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)