The worldwide ethylene amines market is estimated to be USD 2 298.9 million in 2023, and the market size is projected to grow at an anticipated compound annual growth rate of 4.8 % from 2024 to 2030 while reaching a value of USD 3 177.3 million by 2030. This growth of the market can be credited to the thriving agriculture sector, the growing need for cars, and the rising use of personal care products and cosmetics. Moreover, the increasing customer awareness regarding cleanliness and hygiene is likely to drive the need for laundry detergents, which will further surge the industry value.
The growing need for light in weight and fuel-effective cars is a major industry propeller. This is mainly because ethyleneamines are utilized in a range of automotive applications, like plastics, corrosion inhibitors, and fuel additives, to decrease their weight and advance their fuel efficiency.
As per the International Trade Administration (ITA), China is the world’s biggest vehicle industry, and the Chinese government supposes automobile production to touch 36 million units by 2025. Additionally, as per the Society of Indian Automobile Manufacturers (SIAM), in 2021–22, more than 17,617,606 cars were sold, while 21,204,182 were sold in 2022– 23 in India.
In 2023, on the basis of end-use, the resins category leads the industry. With an industry share of 25%, the category is also projected to showcase a significant growth rate in the upcoming years. ethylamines are used to produce different types of resins, such as epoxy and polyamide.
They are widely used in the production of adhesives, paints, or composite materials. Moreover, to improve the paper's water strength, diethyltaminic polyamines are applied. Paper products are usually lost in strength and disintegrate when they come into contact with moisture or water. This is prevented by wet strength additives, e.g. DETAylated Polyamines, that are cross-linked to the fibers in the paper.
In 2023, the APAC region is leading the industry, and the region is also projected to remain dominant in the future as well. This is primarily because of the economic development and increasing demand for cars. Also, China is the key maker of ethyleneamines for many sectors, like textile, adhesives and paints, and personal care.
