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Asia-Pacific Ethyleneamines Market - Forecast(2023 - 2028)
Asia-Pacific Ethyleneamines Market Overview
Asia-Pacific Ethyleneamines market size is forecasted to grow at a
CAGR of 5.8% during the forecast period 2022-2027. Organic substances known as
ethyleneamines have ethylene linkages between amine groups. Ethyleneamines are
created when ethylene dichloride (EDC) reacts with ammonia (NH3) and is then
neutralized with sodium hydroxide (NaOH). Because of the special way that they
combine reactivity, surface activity and basicity, they have a wide range of
applications. Due to their wide range of properties, ethyleneamines, including
ethylenediamine, diethylenetriamine, triethylenetetramine and others, are
frequently used in surfactants, chelating agents, lube oil additives, epoxy
curing agents and polyamide resins, which is assisting the growth of the
Asia-Pacific ethyleneamines market. Furthermore, the high demand for laundry
and detergent products, which has been sparked by rising consumer awareness of
cleanliness and hygiene, is anticipated to fuel the growth of the Asia-Pacific ethyleneamines
market size over the coming years. Several Asia-Pacific end-use industries for
ethyleneamines suffered negative effects as a result of the novel coronavirus pandemic.
The production halt owing to enforced lockdown in Asia-Pacific resulted in
decreased supply, demand and consumption of ethyleneamines in Asia-Pacific, which
had a direct impact on the Asia-Pacific Ethyleneamines market size.
Asia-Pacific Ethyleneamines Market Report Coverage
The “Asia-Pacific
Ethyleneamines Market Report – Forecast (2022-2027)” by IndustryARC, covers
an in-depth analysis of the following segments in the Asia-Pacific
Ethyleneamines industry.
Key Takeaways
- China dominates the Asia-Pacific Ethyleneamines market, owing to the increasing production and demand for automobiles in China. For instance, according to the International Trade Administration (ITA), China continues to be the world’s largest vehicle market by both annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025.
- The Asia-Pacific ethyleneamines market is expected to expand significantly due to the region's booming textile sector. The unique properties of aminoethyl ethanolamine and its use as an intermediate in the manufacture of chelates, detergents and fabric softeners are expected to drive the growth of the Asia-Pacific ethyleneamines market size.
- Ethyleneamines are widely used in the drilling process for oil extraction at oil fields in the Asia-Pacific region, which is expected to propel the growth of ethyleneamines industry during the forecast period.
Asia-Pacific Ethyleneamines Market Segment Analysis – by Type
The ethylenediamine (EDA) segment held the largest share in the Asia-Pacific
Ethyleneamines market share in 2021 and is forecasted to grow at a CAGR of 5.9%
during the forecast period 2022-2027. It is an odorless liquid with a color
similar to ammonia. It is the family's first polyethylene amine member. When
ethanolamine and ammonia are combined with a nickel catalyst, ethylenediamine
is created. A crucial raw material in the creation of the fungicide mancozeb,
which aids in protecting a variety of crops from a variety of fungal diseases,
is ethylenediamine. Additionally, it is employed in the production of
imidacloprid, the most widely used insecticide worldwide. Chelating agents,
corrosion inhibitors, ethylene urea resins, ion exchange resins, lubricants for
thermoplastic resin, oil additives, polyamide resins, soil reforming agents,
elastomeric fibers, rubber chemicals, surface-active agents and fungicides are
a few other uses for ethylenediamine. A crucial component of the pharmaceutical
industry is ethylenediamine. It is used in the production of the widely used
bronchodilator aminophylline, which is used to treat chronic lung diseases like
asthma. As a result, the demand for ethylenediamine is anticipated to rise
significantly over the forecast period due to the growing demand from numerous
applications.
Asia-Pacific Ethyleneamines Market Segment Analysis – by End-Use Industry
The adhesives, paints and coatings segment held a significant share
in the Asia-Pacific Ethyleneamines market share in 2021 and is forecasted to
grow at a CAGR of 6.1% during the forecast period 2022-2027, owing to the
increasing demand for ethyleneamines from the adhesives, paints & coatings
for manufacturing of epoxy resins. Ethyleneamines are used to produce epoxy
resins that play a vital role in the coatings and adhesives industries. In the coatings
area, it prevents corrosion of the marine and steel frameworks. In the adhesive
area, it can adhere to metal, wood, glass, plastic and more. These resins are
also found in the composite material area which is one of the most important
engineering resins for cars, aircraft and wind turbine blades. The epoxy resin
gets its desired performance after being cured. In this important step,
ethylene amines are used. A "hardener", either using ethylene amines
directly or indirectly, as a curing aid of the epoxy resin. Thus, the extensive
demand for ethyleneamines to manufacture epoxy resins is anticipated to propel
the Asia-Pacific ethyleneamines industry during the forecast period.
Asia-Pacific Ethyleneamines Market Segment Analysis – by Geography
China held the largest share in the Asia-Pacific Ethyleneamines market share in 2021 up to 48% and is forecasted to grow at a CAGR of 6.2% during the forecast period 2022-2027, owing to the bolstering growth of the building and construction sector in China. The Chinese building and construction industry is growing, for instance, according to the International Trade Administration (ITA), the largest construction market in the world, China, is anticipated to grow at an average annual rate of 8.6 percent between 2022 and 2030. China has one of the highest rates of urbanization worldwide. According to data from the American Institute of Architects (AIA) Shanghai, China will have built the equivalent of 10 cities the size of New York since the 1990s by 2025. Additionally, China unveiled a development plan for its construction industry in January 2022 for the 14th Five-Year Plan period (2021–2025) to move the foundational sector of the nation's economy toward a greener, more intelligent and safer course. The Ministry of Housing and Urban-Rural Development's report predicts that the sector will continue to account for 6% of the nation's GDP by 2025. With the bolstering growth of the building and construction sector in China, the demand for polyamide resins, epoxy curing agents and more is on an upsurge in China. As a result, over the forecast period, the growth of the Chinese ethyleneamines industry is being directly supported by the bolstering growth of the building and construction sector in China.
Asia-Pacific Ethyleneamines Market Drivers
Increasing Automobile Production:
The majority of Ethyleneamine applications
are in the automotive industry as an additive in fuels and lubricants for
ash-less emissions. Triethylenetetramine is primarily added to lubricants to
stop the buildup of sludge and deliquesce deposits in internal combustion
engines. The automotive industry is growing in Asia-Pacific countries, for
illustration, according to India Brand Equity Foundation (IBEF), the Indian
automotive industry is expected to reach Rs. 16.16-18.18 trillion
(US$ 251.4-282.8 billion) by 2026. According to the International Trade Administration
(ITA), China continues to be the world’s largest vehicle market by both annual
sales and manufacturing output, with domestic production expected to reach 35
million vehicles by 2025. According to the International Organization of Motor
Vehicle Manufacturers (OICA), the total automotive vehicle production in China
rose by 3%, a 30% increase in India, 8% growth in Taiwan and 63% growth in
Indonesia for the year 2021 compared to the previous year. With the
increasing automobile production, the demand for ethyleneamines is also increasing
in the region, thereby acting as a driver for the ethyleneamines market during
the forecast period.
Growing Production of Crop Within the Same Area of Arable Land:
Due to the use of ethyleneamines in the production of several crop
protection products, the steady growth of the agrochemicals industry is
anticipated to strongly support the growth of the Asia-Pacific Ethyleneamines
industry. Because it can treat a wide range of fungal diseases, ethylenediamine
(EDA), one of the main types of ethyleneamines, is a crucial raw material in
the production of mancozeb, an efficient fungicide used on many different types
of crops. The most widely used insecticide in the world, imidacloprid, is also
produced using it. Mancozeb and imidacloprid are two pesticides that are
frequently used in crop production because they are crucial in supplying crops
with the nutrients they need to grow and produce more crops. Global crop
production is increasing as world population growth continues. The total
production of primary crops increased by 53 percent between 2000 and 2019,
reaching a record high of 9.4 billion tonnes in 2019, according to the Food and
Agriculture Organization's (FAO) Statistical Yearbook of 2021. In comparison to
2000, this is an increase of 3.2 billion tonnes. Agricultural production has
increased in recent years, but more so because of higher yields per unit area
than from the addition of new farmland. By 2030, it is advised that to meet the
demand for grain and feed the growing population on the available arable land,
annual crop production and yield should increase within the same area of arable
land. To increase crop yield on the same amount of arable land and give crops
the right nutrients, the demand for pesticides like mancozeb and imidacloprid
will increase significantly. This demand will undoubtedly fuel the growth of
the ethyleneamines market during the forecast period.
Asia-Pacific Ethyleneamines Market Challenges
Health Risks Associated with Ethyleneamines:
Humans with acute inhalation exposure to ethyleneamines experience
severe inflammation and irritation of the respiratory tract. Humans who have
experienced acute inhalation exposure may experience eye tearing and burning,
sore throats, nasal secretions, bronchitis, shortness of breath and lung
edema. Ethyleneamines is a powerful blistering agent that can burn the skin to
the third degree. Additionally, it is corrosive to eye tissue and can leave
conjunctival scarring and permanent corneal opacity. Ethyleneamines may also
contain solvents, which increase the risk of fire and explosion. Drums
containing ethyleneamines may leak during a fire and greatly increase the
fire's intensity. As a result, it is anticipated that the toxicity risks
associated with ethyleneamines will restrain the market's expansion in the
Asia-Pacific region.
Asia-Pacific Ethyleneamines Industry Outlook
Technology launches,
acquisitions and R&D activities are key strategies adopted by players in
the Asia-Pacific Ethyleneamines market. The top 10 companies in the Asia-Pacific
Ethyleneamines market are:
- Akzo Nobel N.V.
- Aminat
- BASF SE
- Delamine B.V.
- Diamines and Chemicals Limited
- DowDuPont Inc.
- Huntsman International LLC
- Tosoh Corporation
- LANXESS
- Parsol Chemicals Pvt. Ltd.
Recent Developments
- In April 2022, to increase the production of propionic acid, propionic aldehyde, ethyleneamines, ethanolamines, purified ethylene oxide and tert-butyl acrylate, BASF and SINOPEC broke ground for the expansion of their Verbund site in Nanjing, which is run by BASF-YPC Co., Ltd., a 50-50 joint venture of both companies. In 2023, the upgraded and new plants are anticipated to start operating.
- In September 2021, KPX Chemical, a major producer of polyols for polyurethanes in Korea and Huntsman Corporation, a major producer of ethyleneamines across the board, announced the establishment of a joint venture known as KPX HUNTSMAN POLYURETHANES AUTOMOTIVE CO., LTD (KHPUA). The joint venture will use KPX Chemical's Ulsan plant for specialty polyurethane manufacturing to produce cutting-edge polyurethane system solutions for Korean automakers.
- In October 2021, to meet the rising demand for polymers used in the packaging, paints and coatings and construction end-markets in Asia, Nouryon began production at a new manufacturing facility at its location in Ningbo, China. Six manufacturing facilities that make chelating agents, organic peroxides, ethylene amines, cellulose ethers and surfactants are located at Nouryon's Ningbo site.
Relevant Reports
Report Code: CMR 0632
Report Code: CMR 87791
Report Code: CMR 56420
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