Mono-ethanolamine Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mono-ethanolamine Market Analysis
The global monoethanolamine market is estimated to register a CAGR of less than 5% during the forecast period.
The COVID-19 pandemic negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecast to grow steadily in the future.
- The mono-ethanolamine market has witnessed significant growth owing to its increasing applications in detergents and personal care products. Moreover, demand for the market is expected to grow due to its wide usage in the pharmaceutical and chemical industries.
- However, health and environmental-related concerns connected to the monoethanolamine market are likely to hinder market growth. Moreover, the availability of other amines as a substitute for mono-ethanolamine is also expected to restrict the market's growth.
- Nevertheless, the use of monoethanolamine in carbon capture and storage is expected to offer lucrative growth opportunities for the market.
- The Asia-Pacific region is expected to dominate the market and is likely to witness the highest CAGR during the forecast period.
Mono-ethanolamine Market Trends
Cosmetics and Personal Care Products to Dominate the Market
- The global cosmetics and personal care industry has been growing rapidly due to high demand from various types of consumers. Increasing awareness about the benefits of personal care products among customers is resulting in higher usage of cosmetics and personal care products, as they protect skin from harmful UV rays besides providing other benefits. This rise in demand will eventually increase demand for the mono-ethanolamine market.
- According to the combined reports by L'Oreal and Statista, the global beauty and personal care market's revenue stood at USD 511 billion in 2021 and is anticipated to ascend to USD 784.6 billion in 2025.
- According to Cosmetics Europe, the European market for cosmetics and personal care was valued at about EUR 80 billion (USD 94 billion) in 2021. The largest national markets for cosmetics and personal care products within Europe were Germany (EUR 13.6 billion (USD 16 billion)), France (EUR 12.0 billion (USD 14 billion)), Italy (EUR 10.6 billion (USD 12.2 billion)), the UK (EUR 9.9 billion (USD 11.8 billion)), and Spain (EUR 7 billion (USD 8 billion)).
- Skin care and toiletries (EUR 23.2 billion (USD 27 billion)) had the largest market share in Europe in 2021, followed by hair-care products, fragrances and perfumes, and decorative cosmetics.
- In its statistics for 2022, the German Cosmetic, Toiletry, Perfumery, and Detergent Association (IKW) also stated that the sales revenues from beauty and home care products will increase to EUR 30.1 billion (USD 32.3 billion) in 2022. Moreover, in Germany, shoppers spent EUR 14.3 billion (USD 15.3 billion) on body care and cosmetic products, which represents a 5.4% increase compared to the prior year.
- Mexico is one of the top ten cosmetics and personal care goods markets in the world, and it is Latin America's second-largest market for beauty products. According to the International Trade Association, the total domestic production of cosmetics and personal care goods in Mexico in 2021 was around USD 7.15 billion, with a projected increase to USD 7.20 billion in 2022.
- Moreover, Brazil is the fourth-largest market for personal care and beauty products and the third-largest country in terms of the number of product launches. Brazilian consumers are increasingly looking for value-for-money products that are natural and beneficial for the skin and provide a range of combined benefits of high-priced premium products, like anti-aging, whitening, moisturizing, etc., at a lower than premium cost.
- Therefore, the aforementioned factors are expected to significantly impact the market in the coming years.
Asia-Pacific to Dominate the Market
- The Asia-Pacific region stands to be the most dominant as well as the fastest-growing market for the mono-ethanolamine market due to the well-established industries such as pharmaceutical, agricultural, cosmetics, personal care, and many more in countries like China, India, and Japan.
- China is one of the major consumers of cosmetics. According to the National Bureau of Statistics of China, in 2022, the retail sales of cosmetics by wholesale and retail companies in China totaled about 393.6 billion yuan (USD 57 billion). This, though, indicated a slight decrease compared to the previous year, which had a total retail sale of about 402.6 billion yuan (USD 58.6 billion).
- Additionally, according to the India Brand Equity Foundation (IBEF), the country's FMCG sector consists of about 51% of cosmetics and personal care products. Due to the growing demands for the products, many companies have come up with several strategies, including expansion and product innovation, to have a strong foothold in the country. For instance, in July 2022, Godrej Consumer Products unveiled Godrej Magic Body Wash, India's first ready-to-mix body wash, at just Rs. 45 (USD 0.57).
- According to the Ministry of Economy, Trade, and Industry (METI), the size of Japan's cosmetics and personal care products market was over USD 35 billion in 2021, making it the world's third-largest country in the cosmetics and personal care and cosmetics industries after the United States and China. Japan is also home to more than 3,000 beauty care companies, including global brands like Shiseido, Kao, Kos茅, and Pola Orbis.
- Mono-ethanolamine is also utilized in various other applications, such as detergents, pharmaceuticals, and many more. It is used as feedstock in the production of detergents and polishes and for the purpose of buffering and preparing emulsions in pharmaceutical formulations.
- India has one of the world's major pharmaceutical industries. There are about 3,000 pharmaceutical businesses and around 10,500 production facilities. The domestic pharmaceutical industry in India was anticipated to be worth about USD 42 billion in 2021, rising to USD 65 billion by 2024 and USD 120-130 billion by 2030. According to the IBEF, India's pharmaceutical and medicine exports totaled USD 24.44 billion in FY 2021.
Therefore, the aforementioned factors are expected to significantly impact the market for monoethanolamine in the coming years.
Mono-ethanolamine Industry Overview
The mono-ethanolamine market is partially fragmented in nature. Some of the major players in the market include BASF SE, Dow, Nouryon, SABIC, and Nippon Shokubai Co., Ltd., among others (in no particular order).
Mono-ethanolamine Market Leaders
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BASF SE
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Dow
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Nouryon
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Nippon Shokubai Co., Ltd.
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Sabic
*Disclaimer: Major Players sorted in no particular order
Mono-ethanolamine Market News
- February 2023: Nippon Shokubai announced the acquisition of ISCC PLUS certification for various products including mono-ethanolamine produced at its Himeji Plant and Kawasaki Plant. This certification will help the company in establishing a system to manufacture and market certified products using biomass-derived raw materials allocated by the mass balance method and also offering a wide range of products with low environmental impact.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Applications in Detergents and Personal Care Products
4.1.2 Wide Usage in the Pharmaceutical and Chemical Industry
4.2 Restraints
4.2.1 Health and Environmental Related Concerns
4.2.2 Availability of Other Amines as a Substitute for Mono-ethanolamine
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Product Type
5.1.1 Industrial Grade
5.1.2 Pharmaceutical Grade
5.1.3 Others
5.2 Application
5.2.1 Detergents
5.2.2 Pharmaceuticals
5.2.3 Cosmetics and Personal Care Products
5.2.4 Agricultural Chemicals
5.2.5 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest ofEurope
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share(%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Amines & Plasticizers ltd.
6.4.2 BASF SE
6.4.3 Dow
6.4.4 Helm AG
6.4.5 Indorama Ventures Public Company Limited
6.4.6 INEOS
6.4.7 Jay Dinesh Chemicals
6.4.8 Jiaxing Jinyan Chemical Co. Ltd.
6.4.9 Nippon Shokubai Co., Ltd.
6.4.10 Nouryon
6.4.11 OUCC
6.4.12 Sabic
6.4.13 Sasol
6.4.14 Sintez OKA Group of Companies
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Usage of Mono-ethanolamine in Carbon Capture and Storage
Mono-ethanolamine Industry Segmentation
Mono-ethanolamine is an organic chemical compound that is produced by treating ethylene oxide with aqueous ammonia. It serves as a feedstock for the manufacture of medicines, corrosion inhibitors, polishes, detergents, emulsifiers, and chemical intermediates. Market segments for monoethanolamine include those for product type, application, and geography (Asia-Pacific, North America, Europe, South America, the Middle East, and Africa). By product type, the market is segmented into industrial grade, pharmaceutical grade, and others. By application, the market is segmented into detergents, pharmaceuticals, cosmetics and personal care products, agricultural chemicals, and other applications. The report also covers the market size and forecasts for the monoethanolamine market in 15 countries across the globe. For each segment, market sizing and forecasts have been done based on revenue (USD million).
| Product Type | |
| Industrial Grade | |
| Pharmaceutical Grade | |
| Others |
| Application | |
| Detergents | |
| Pharmaceuticals | |
| Cosmetics and Personal Care Products | |
| Agricultural Chemicals | |
| Other Applications |
| Geography | |||||||
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Frequently Asked Questions
What is the current Mono-ethanolamine Market size?
The Mono-ethanolamine Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)
Who are the key players in Mono-ethanolamine Market?
BASF SE, Dow, Nouryon, Nippon Shokubai Co., Ltd. and Sabic are the major companies operating in the Mono-ethanolamine Market.
Which is the fastest growing region in Mono-ethanolamine Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Mono-ethanolamine Market?
In 2024, the Asia-Pacific accounts for the largest market share in Mono-ethanolamine Market.
What years does this Mono-ethanolamine Market cover?
The report covers the Mono-ethanolamine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mono-ethanolamine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mono-ethanolamine Industry Report
Statistics for the 2024 Mono-ethanolamine market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Mono-ethanolamine analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
