Market Overview

Global Ethanolamines Market - Herbicides to Drive Demand Through 2021 | Technavio

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Technavio
market research analysts forecast the global
ethanolamines (ETAs) market
to grow at a CAGR of more than 4% during
the forecast period, according to their latest report.

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Technavio has published a new market research report on the global ethanolamines market 2017-2021 un ...

Technavio has published a new market research report on the global ethanolamines market 2017-2021 under their chemicals and materials library. (Graphic: Business Wire)

The report further segments the global ethanolamines market by product
(DEAs, TEAs, and MEAs) and by geography (the Americas, APAC, and EMEA).

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

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Technavio analysts highlight the following three market drivers that are
contributing to the growth of the global
ethanolamines market
:

  • Growth of the global glyphosate market
  • Burgeoning demand from the cosmetics and personal care industry
  • Growth of the construction industry

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Growth of the global glyphosate market

Global increase in the production of herbicides, is fueling the growth
of the global ETAs market. One of the largest consumed herbicide types,
glyphosate, has led to the growth of the global ETAs market owing to the
increased use of ETAs, particularly DEA, in the production of
herbicides. When ETAs are added, it improves the quality of glyphosate
and simultaneously enhances its effect in agricultural applications.

According to Kshama Upadhyay, a lead analyst at Technavio for specialty
chemicals
research, "In terms of application, oilseeds,
pulses, and crops such as groundnut, green gram, mustard, red gram,
black gram, soybeans, and gingelly accounted for the highest share.
Regions such as South America and APAC are viable markets for the global
glyphosate market. The growth of the global herbicides market drives the
demand for ETAs and strengthens the global ETAs market."

Burgeoning demand from the cosmetics and personal care industry

The demand for ETAs from applications in the cosmetics and personal care
industry drives the global ETAs market. Mostly, TEA is preferred in
cosmetic products such as mascara, eyeshadow, fragrance, concealer, and
foundation, thereby strengthening the global ETA market. It is also
included in hair care products such as wave sets and hair dyes. TEA is a
common ingredient in shaving gels and creams and in sunscreens. TEA is
also employed as an emulsifier to assist the retention of a relatively
more homogenous appearance of products and to spread creams evenly over
the skin.

The global construction industry is driving the growth for the global
ETAs market
. The addition of TEAs helps in enhancing the quality of
cement. It has also been noted that the inclusion of TEA accelerates the
hydration of tricalcium aluminate in Portland cement, thereby promoting
the release rate of hydration heat.

"The growth in the global production of cement is fueled by
increasing construction activities in countries such as India and China.
After China, the Indian cement industry is the largest in the global
cement production. Due to an upsurge in infrastructural development,
China dominates the global cement industry. Therefore, the robust growth
of the cement industry will drive the growth of the global ETAs market
during the forecast period,"
says Kshama.

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