Ethanolamines Market is Projected to Grow at a 4.1% CAGR, Reaching US$ 5.33 Billion by 2035 | Fact.MR Report

The global Ethanolamines market will be worth USD 3.60 billion by the end of 2025, according to Fact.MR analysis, industry will expand at a CAGR of 4.1% and reach USD 5.33 billion by 2035.

In 2024, the sector recorded modest but strategically significant development as a result of evolving dynamics in industrial demand and local trade flows. Costs of production stabilized after erratic fluctuations in recent years, largely due to better balanced pricing of crude oil derivatives, directly affecting ethylene oxide supply chains-the major feedstock in production.

Market Analysis

The industry is expected to grow steadily over the next decade to 2035, backed by rising demand for surfactants, gas treatment, and agrochemicals. Rising regulatory pressure on toxicity, especially of DEA, will drive the shift towards safer, bio-based alternatives. Diversified product manufacturers of ethanolamine and well-established regulatory compliance systems will be the prime beneficiaries, while smaller manufacturers relying on traditional formulations may struggle to adapt.

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Segment-wise Analysis

By End-User Industry

The agriculture industry is anticipated to hold a 24.0% share by 2025. Agriculture is anticipated to be the highest-growing end-use application for ethanolamines, driven by growing demand for agrochemicals, especially in rapidly growing regions like India, Brazil, and Southeast Asia.

By Product Type

The monoethanolamine segment will have a 47.0% share in 2025. Monoethanolamine is the most potent product segment within the industry due to its ability to be applied both in consumer and industrial processes. Its usage is propelled by its wide usage in the manufacturing of surfactants for detergents, soaps, shampoos, and cosmetics emulsifiers.

Country-wise Analysis

The US industry is expected to register a CAGR of 4.8% from 2025 to 2035. Ongoing growth is supported by robust demand from key end markets such as personal care, detergents, and agrochemicals. The country's well-developed chemical manufacturing platform combined with an established innovation culture underpins continued industry expansion. Regulation trends continue to propel the industry towards environmentally friendly formulations, driving investment in low-VOC and biodegradable variants.

The UK market is expected to expand at a 5.0% CAGR during the period 2025-2035. Driving growth is rising demand for surfactants used in home and personal care products, consistent with the UK's strong cosmetics and FMCG industries. The agrochemical segment is also using new chemical inputs for crop growth enhancement, complementing demand for herbicide products.

Germany's sales will probably record a CAGR of 4.9% for the period between 2025 and 2035. With its stable European economy, solid chemical and industrial producing base, and deep manufacturing industry base, Germany extensively utilizes products in a wide range of applications from personal care emulsifiers and surfactants to cement additives employed in the construction industry.

The South Korean industry is anticipated to grow at a CAGR of 5.3% between 2025 and 2035. South Korea is one of the world's largest leaders in personal care and cosmetics, which are high-product-dependent industries while producing surfactants and emulsifiers.

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Key Players

BASF SE
DOW
Indorama Ventures Limited
Jiaxing Jinyan Chemical Co., Ltd.
LyondellBasell Industries N.V.
OUCC
Penta Manufacturer
Sintez OKA Group of Companies

Segmentation

By End-Users Industry:

Agriculture
Construction
Personal Care
Oil and Gas
Metallurgy and Metalworking
Textile
Other End-user Industries (Chemicals, Detergents)
By Product Type:

Monoethanolamine (MEA)
Diethanolamine (DEA)
Triethanolamine (TEA)
By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa (MEA)

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