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Ethyleneamines Market Size, Share, Trends & Industry Growth Analysis Report to 2023-2030

The global ethyleneamines market size was worth around USD 1.9 Billion in 2022 and is predicted to grow to around USD 2.9 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.2% between 2023 and 2030.

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➤ The market development is driven by the expanding agriculture sector and the increasing number of government initiatives.

Ethylenediamine is a fundamental component of agricultural compounds, such as fertilizers and pesticides. Agricultural initiatives and investments are a significant investment for governments, as they are one of the most effective strategies for enhancing agricultural output and environmental sustainability.

➤ The market development is significantly impeded by the COVID-19 pandemic.

The automotive sector has experienced a decline in demand, industrial closures, and supply chain disruptions as a result of the Covid-19 outbreak. The automobile industry is currently facing challenges, including delays in the acquisition of pollution control catalysts from manufacturers, as a result of restrictions on the import and export of products. The automotive sector is being significantly impacted by the epidemic. The automotive industry has suffered a substantial loss as a consequence of the sudden cessation of vehicle production. The decline in automobile manufacturing has significantly reduced the demand for ethyleneamines, which serves as a barrier to the expansion of the global ethyleneamines market.

➤ A lucrative opportunity is presented by the expanding automotive sector.

Ethyleneamines are predominantly used as an additive in automotive applications to control ash-free emissions in fuels and lubricants. It is predominantly incorporated into lubricants to reduce the formation of deliquesce deposits and sludge in IC engines. By 2020, the Chinese government expects the number of cars manufactured in China to reach 30 million units, and by 2025, it will have reached 35 million units. China is the world’s largest automobile market.

➤ The health hazards associated with ethyleneamines present a significant challenge.

Significant inflammation and irritation of the respiratory system are observed in humans who have experienced acute inhalation exposure to ethyleneamines. Acute inhalation exposure symptoms in individuals include sore throat, nasal discharge, bronchitis, shortness of breath, and emphysema of the lungs, as well as eye burning and weeping. Ethyleneamines are a potent blistering agent that has the potential to cause chemical burns to the epidermis to the third degree. Moreover, it is corrosive to eye tissue and may lead to persistent corneal opacity and conjunctival lesions.

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The Global Ethyleneamines Market is segmented based on product, application and region

Global Ethyleneamines Market: Product Segment Analysis

● Ethylenediamine (EDA)
● Diethylenetriamine (DETA)
● Triethylenetetramine (TETA)
● Tetraethylenepentamine (TEPA)
● Heavy Polyamide (HPA)
● Piperazine (PIP)
● Others

Global Ethyleneamines Market: Application Segment Analysis

● Fuel Additives
● Corrosion Inhibitors
● Polyamide Resins
● Epoxy Curing Agents
● Surfactants
● Chelating Agents
● Bleach Activators
● Ion Exchange Resins
● Fungicides
● Rubber Chemicals
● Others

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The global Ethyleneamines market profiles key players such as:

● Delamine BV
● Diamines and Chemicals Ltd.
● Arabian Amines Company
● Dow
● Fisher Chemical
● Huntsman International LLC
● Nouryon
● Oriental Union Chemical Corporation
● Sadara Chemical Company
● Tosoh Corporation
● Kelvion Holding GmbH
● Saiper Chemicals Pvt Ltd.

???? Recent Developments:

• Dow Chemical Corporation in North America increased the prices of the ethyleneamine products aminoethyl ethanolamine (AEEA), diethylenetriamine (DETA), ethylenediamine (EDA), and piperazine by 68% in September 2021.

• Nouryon announced the conclusion of its acquisition of ADOB in January 2023. ADOB is a significant Polish producer of chelated micronutrients, foliars, and other specialty agricultural products. Nouryon has the potential to expand its product and service offerings to consumers in the agriculture and agricultural end-market through the acquisition of ADOB.

➤ The market is anticipated to be dominated by the Asia Pacific region during the forecast period.

The global ethyleneamines market is anticipated to be dominated by the Asia Pacific region during the forecast period. The adhesives, paints & coatings, and automotive sectors are the primary factors contributing to the region’s growth. According to the International Congress and Convention Association (ICCA), the Asia Pacific chemical sector generated $2.6 trillion in aggregate GDP and supported 83 million jobs in 2017. China alone accounted for $1.5 trillion of this GDP and 60 million jobs. During this exceptional period of expansion, China prioritized the fulfillment of its rapidly expanding domestic demand.

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