Diethanolamine Market To Achieve USD 34.2 Billion by 2033

Updated · Dec 23, 2024

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Table of Contents

Introduction
Key Takeaways
Diethanolamine Statistics
Emerging Trends
Use Cases
Major Challenges
Market Growth Opportunities
Key Players Analysis
Conclusion

Introduction

The Global Diethanolamine Market is forecasted to achieve substantial growth, expanding from USD 18.4 billion in 2023 to an estimated USD 34.2 Billion by 2033, marking a compound annual growth rate (CAGR) of 6.4% throughout this period.

This expansion is predominantly driven by the compound’s integral role across various industrial applications including as a chemical intermediate in the production of surfactants and as a component in detergents, herbicides, and cosmetics.

The market’s burgeoning demand is closely tied to the personal care and cosmetics sector, where diethanolamine is valued for its emulsifying and pH-adjusting properties. Its use in this sector is expected to remain a critical driver of demand.

Additionally, the agriculture sector is also a significant contributor to growth, particularly in the Asia-Pacific region, which is witnessing a surge in demand for agrochemicals that utilize diethanolamine. The versatility of diethanolamine in agricultural applications, such as in the manufacturing of herbicides and pesticides, aligns with global efforts to increase agricultural productivity and food security.

Market opportunities are further buoyed by technological advancements in chemical manufacturing and a shift towards sustainable and eco-friendly production practices. These factors are expected to not only maintain but enhance the market’s popularity and expansion over the forecast period.

Moreover, emerging applications in areas like CO2 capture and renewable energy present new avenues for the utilization of diethanolamine, fostering additional market growth. Overall, the diethanolamine market stands to benefit from continuous industrial demand coupled with innovative applications across several sectors.

Key Takeaways

The Global Diethanolamine Market is expected to be worth around USD 34.2 Billion by 2033, up from USD 18.4 Billion in 2023, and grow at a CAGR of 6.4% from 2024 to 2033.
Industrial-grade Diethanolamine accounts for 64.5% of the total market share globally.
Liquid Diethanolamine represents 76.4% of the market due to its versatile applications.
Chemical intermediates make up 37.5% of the Diethanolamine market, driving industrial growth.
Agriculture holds a significant 29.1% share of the Diethanolamine market, boosting demand.
The Asia-Pacific Diethanolamine market holds 39.6%, valued at USD 6.6 Bn.

Diethanolamine Statistics

Production and Usage

Global N-methyl diethanolamine (MDEA) market value: US$ 635.7 million in 2022.
Projected MDEA market value by 2030 US$ 987.1 million.
Oil and gas segment share in the MDEA market: 55.70% in 2022.
Diethanolamine sales volume in the UK is 1,064,300 kg.
NIOSH’s recommended exposure limit is 3 ppm (13 mg/m3)

Environmental Impact

Air emissions of diethanolamine in the USA: 149,200 kg from 358 industrial facilities.
Surface water discharges in the USA: 100,350 kg from 358 industrial facilities.
On-site releases to water in Canada: 26,000 kg/year from 74 facilities.
Diethanolamine concentration in German rivers: 0.30-4.6 μg/L.
On-site releases to land in Canada: 118,000 kg/year.

Health and Safety

Workplace exposure range in Germany: <0.019-0.062mg/m³.
CalEPA chronic reference exposure level: 0.02 mg/m³.
N-nitroso diethanolamine in cosmetics: detected in 110 of 252 products.
Highest N-nitroso diethanolamine level in cosmetics: 130 ppm.
The odor threshold for diethanolamine is 0.27 ppm.

Emerging Trends

Expansion in Textile Applications: Diethanolamine is increasingly used in the textile industry for various purposes, including as a fabric finishing agent and softening agent. This demand is driven by the growing online apparel market and the rising consumer preference for aspirational clothing.
Growth in Personal Care Products: There’s a notable increase in the use of diethanolamine in personal care products, such as shampoos and lotions, due to its emulsifying properties and ability to adjust pH levels. This trend is boosted by global health and hygiene awareness.
Increased Use in Agriculture: Diethanolamine is crucial for manufacturing agrochemicals, including herbicides and fungicides. Its demand is propelled by the agricultural sector’s need to enhance crop yields and manage pests, particularly in rapidly growing economies.
Technological Advancements in Production: Innovations in chemical synthesis are enhancing the efficiency and sustainability of diethanolamine production. These technological advancements are reducing production costs and environmental impact, making DEA more appealing to industries.
Shift Towards Eco-Friendly Alternatives: The market is seeing a shift towards sustainable and bio-based chemical products. Diethanolamine producers are exploring greener production methods in response to environmental regulations and growing consumer preference for eco-friendly products.

Use Cases

Agricultural Chemical Production: Diethanolamine is extensively used in the agriculture sector to manufacture herbicides and pesticides. This helps enhance crop yields and protect crops from pests and diseases, crucial for ensuring food security.
Personal Care Products: In the personal care industry, DEA is a key ingredient in products like shampoos, soaps, and lotions. It functions as an emulsifier and foaming agent, contributing to the texture and effectiveness of these products.
Textile Industry: DEA plays a role in the textile industry as a softening agent and is used in fabric finishing processes. It helps improve the feel and appearance of textiles, making them more appealing to consumers.
Construction Materials: In construction, DEA is used in the formulation of cement additives and concrete admixtures. This enhances the properties of cement, improving the durability and strength of concrete structures.
Gas Treatment: Diethanolamine is employed in gas treatment processes to remove acid gases like carbon dioxide and hydrogen sulfide from natural gas. This is essential for purifying gas before it is distributed for use.

Major Challenges

Regulatory and Environmental Concerns: Diethanolamine’s classification as a potential human carcinogen poses significant challenges. Regulatory bodies are imposing stricter controls on its use, particularly in consumer products, to mitigate health risks.
Volatility in Raw Material Prices: The cost of raw materials required for producing diethanolamine is subject to fluctuations. This variability can impact production costs and profit margins, complicating financial planning and operational stability for manufacturers.
Technological Advancements and Substitutes: As industries seek more environmentally friendly alternatives, the demand for traditional diethanolamine may decline. Advances in technology could lead to the development of substitutes that offer similar benefits with fewer health and environmental risks.
Global Supply Chain Disruptions: Geopolitical tensions and global events can disrupt the supply chain, affecting the availability and cost of diethanolamine. Maintaining a steady supply is crucial for industries that depend heavily on this chemical.
Health Concerns: The potential health risks associated with diethanolamine exposure, such as its classification as a possible human carcinogen, lead to significant challenges in its application, particularly in personal care and cosmetic products where direct human contact is frequent.

Market Growth Opportunities

Expanding Applications in Agriculture: Diethanolamine’s role in producing herbicides and other agrochemicals is increasingly important, especially in regions where agricultural productivity is critical. Its effectiveness in enhancing crop yields supports its growing demand in this sector.
Growth in Personal Care and Cosmetics: The ongoing expansion in the personal care and cosmetics industry provides significant opportunities for diethanolamine, particularly as a component in various personal care products due to its emulsifying and pH-adjusting properties.
Advancements in Construction Materials: Diethanolamine is used in the production of cement additives and concrete admixtures, which are essential in modern construction activities. With global urbanization and infrastructure development, demand in this segment is expected to increase.
Technological Innovations in Manufacturing: Continuous improvements in manufacturing processes can enhance the efficiency and environmental sustainability of diethanolamine production, potentially opening up new markets and applications.
Enhanced Demand in Metalworking and Paints: As industries seek more efficient and eco-friendly production methods, diethanolamine’s role in paints, coatings, and metalworking fluids grows. Its ability to improve product quality and environmental compatibility makes it a valuable component in these sectors.

Key Players Analysis

Air Liquide: A leading industrial gases company, Air Liquide supplies diethanolamine for various applications, including gas treatment and chemical manufacturing, leveraging its extensive distribution network to meet global industrial needs.
Alfa Aesar: As a chemical supplier, Alfa Aesar provides diethanolamine for research and development purposes, catering to laboratories and industries requiring high-purity chemicals for specialized applications.
BASF SE: A major chemical producer, BASF SE manufactures diethanolamine used in producing surfactants, agrochemicals, and personal care products, emphasizing innovation and sustainability in its operations.
BeanTown Chemicals: Specializing in chemical distribution, BeanTown Chemicals offers diethanolamine to various sectors, ensuring the availability of quality chemicals for industrial and laboratory use.
Chemanol: Based in Saudi Arabia, Chemanol is a prominent producer of methanol derivatives, including diethanolamine, serving industries such as agriculture, construction, and oil and gas with its chemical products.
Dow: A global chemical company, Dow produces diethanolamine utilized in manufacturing detergents, personal care items, and gas treatment solutions, focusing on delivering performance materials and chemicals.
Exxon Mobil Corporation: An energy and chemical company, Exxon Mobil produces diethanolamine for applications in gas purification and as a chemical intermediate, supporting various industrial processes worldwide.
Formosa Plastics Corporation: A Taiwanese company, Formosa Plastics manufactures diethanolamine used in producing plastics, textiles, and other industrial products, contributing to the global supply of chemical materials.
HELM AG: As a chemical marketing enterprise, HELM AG distributes diethanolamine to diverse industries, leveraging its international network to facilitate the supply of chemical raw materials.
Huntsman Corporation: A global manufacturer, Huntsman produces diethanolamine for use in polyurethane production, coatings, and agricultural chemicals, emphasizing innovation in chemical solutions.
INEOS: A leading chemical company, INEOS produces diethanolamine employed in manufacturing surfactants, gas treatment, and other industrial applications, focusing on large-scale chemical production.
LG Chem: As a South Korean chemical company, LG Chem supplies diethanolamine for various applications, including electronics, automotive, and consumer goods, integrating chemical production with advanced technologies.
Linde PLC: Specializing in industrial gases and engineering, Linde supplies diethanolamine for gas treatment processes, supporting industries in achieving efficient gas purification and processing.
LyondellBasell Industries Holdings B.V.: A multinational chemical company, LyondellBasell produces diethanolamine used in manufacturing plastics, chemicals, and fuels, contributing to various sectors with its chemical products.
Mitsubishi Chemical Corporation: A Japanese chemical company, Mitsubishi Chemical manufactures diethanolamine for applications in electronics, healthcare, and industrial materials, emphasizing sustainable chemical solutions.
NIPPON SHOKUBAI CO., LTD.: Based in Japan, NIPPON SHOKUBAI produces diethanolamine for use in superabsorbent polymers, coatings, and other chemical products, focusing on high-performance materials.
Reliance Industries Limited: An Indian conglomerate, Reliance Industries manufactures diethanolamine for applications in textiles, plastics, and petrochemicals, playing a significant role in the chemical industry.
SABIC: A Saudi multinational, SABIC produces diethanolamine used in manufacturing chemicals, plastics, and agri-nutrients, contributing to various industrial sectors globally.
Sinopec: A Chinese oil and gas enterprise, Sinopec produces diethanolamine for applications in refining, chemical manufacturing, and energy production, supporting industrial development.
Spectrum Chemical MFG Group: A chemical manufacturer and distributor, Spectrum Chemical supplies diethanolamine for laboratory and industrial use, ensuring high-quality chemical products for various applications.
The Dow Chemical Company: As part of Dow Inc., The Dow Chemical Company produces diethanolamine for use in personal care products, industrial applications, and agricultural chemicals, focusing on innovation and sustainability.
VWR International LLC: A global laboratory supplier, VWR International provides diethanolamine for research and industrial purposes, supporting scientific advancements with its range of chemical products.

Conclusion

Diethanolamine (DEA) serves as a critical component across multiple industries, including agriculture, personal care, construction, and more. Its versatile properties as an emulsifier, pH adjuster, and chemical intermediate make it indispensable in the production of a variety of products from herbicides to cosmetics.

Despite the challenges posed by regulatory concerns and the push for more sustainable and safer chemical alternatives, DEA continues to find new applications and markets, particularly in emerging regions where industrial and agricultural activities are expanding. The ongoing advancements in chemical manufacturing technology and the shift towards greener practices offer further opportunities for growth and innovation in the DEA market. As the industry continues to evolve, staying informed and adaptable to the changing regulatory and technological landscape will be key for companies operating in this space.