The diethanolamine market is poised for substantial growth over the forecast period from 2022 to 2032, with a projected compound annual growth rate (CAGR) of 5%. In 2022, the market was valued at USD 16.8 billion, and it is anticipated to reach USD 27.37 billion by 2032. This growth is primarily driven by increasing demand from the construction and agricultural sectors.
One significant opportunity for the diethanolamine market lies in upcoming refinery projects. Moreover, the agricultural industry’s persistent need for glyphosate, which relies on diethanolamine for its effectiveness in eliminating weeds and unwanted grasses, contributes to market expansion.
The market for diethanolamine benefits from its use as an aqueous scrubbing agent, further fueling demand. Additionally, the expansion of refineries within the oil and gas sector in emerging economies, where diethanolamine is employed to address toxic hydrogen sulphide and carbon dioxide, serves as another driver for market growth.
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Increasing Demand From The Agriculture Sector
Diethanolamine (DEA) serves as a crucial chemical intermediate and dispersant in numerous agricultural chemicals. Its versatility in this domain lies in its ability to aid in the formulation of various pesticides, herbicides, and fungicides commonly used in agriculture. As a dispersant, DEA helps ensure uniform distribution of active ingredients in these agricultural chemicals, enhancing their effectiveness in combating pests, weeds, and fungal diseases that threaten crop health.
DEA itself is a colorless liquid, characterized by its rapid solubility in ethanol, ethyl ether, and benzene. However, it tends to absorb moisture from the environment, often resulting in its presence as a colorless, viscous liquid. This property makes it convenient for formulation into liquid products used in agriculture, where ease of handling and application is essential.
Ethanol, a key component in many agricultural formulations, contributes to crop production by facilitating the absorption of nutrients and pesticides by plants. The high solubility of DEA in ethanol enhances its compatibility with other ingredients in agricultural formulations, leading to improved efficacy and performance of these products.
In summary, DEA plays a vital role in the agricultural sector by serving as a versatile chemical intermediate and dispersant in the formulation of various agricultural chemicals. Its solubility properties, particularly its high solubility in ethanol, contribute to its widespread use and are expected to drive further expansion of the DEA market in agriculture.
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Market Overview
Diethanolamine (DEA), a white solid organic compound, is crucial in various industries due to its unique properties. Derived from a chemical reaction between ammonia and ethylene oxide, it’s part of both alcohol and amine groups, enabling diverse applications.
In industrial use, DEA appears in pure form or aqueous solutions, finding primary use in agrochemical manufacturing, notably in herbicides like glyphosate, essential for weed control in commercial crops. Given its versatility and demand across multiple sectors, the market outlook for DEA remains robust, especially in agriculture, where its efficacy in herbicides continues to drive demand.
Top Key Players
- Dow Chemical Company,
- BASF SE,
- Helm AG,
- Huntsman Corporation,
- Jinan Haohua Industry Co., Ltd.
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Market Segmentations
By Region
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
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