Global Ethanolamine Consumption to Exceed 1605 Thousand Tons by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Ethanolamines markets. The world consumption of Ethanolamines is projected to exceed 1605 thousand tons by the year 2015. The growth in ethanolamine consumption is primarily driven by growth in key end-market markets namely herbicides and surfactants.

Ethanolamine: A Global Strategic Business Report

Ethanolamine, a hydroxy-amine, is produced by reaction between ammonia (NH3) and ethylene oxide (EO). Etanolamines are used in a large number of industrial and commercial applications. Major applications include surfactants/detergents, ethyleneamines, gas treatment, herbicides, textiles, cement additives, and glyphosate. Ethanolamines are categorized under three major groups, namely monoethanolamine (MEA), and diethanolamine (DEA) and triethanolamine (TEA).

Global Ethanolamine industry is characterized by high distortion with the US, China and Europe accounting for bulk of the global consumption of ethanolamine as stated by the new market research report on ethanolamine market. However, in terms of production, the US still dominates the world market. Major capacity expansions are currently underway in Asia-Pacific, Middle East and the Latin American markets. These capacity additions are likely to shift the pre-eminence of the US in the ethanolamine market. Three major markets are expected to boost the demand for ethanolamines, on a global scale. These include ester quats for triethanolamine (TEA), ethyleneamines for monoethanolamine (MEA), and herbicides for diethanolamine (DEA).

Reduced profit margins due to oversupply in the monoethylene glycol (MEG) market is resulting in most of the producers switching to ethanolamine production. As a result, in future, ethanolamine is also likely to face pricing pressure due to the aggressive capacity expansions.

Key players profiled in the report include Akzo Nobel, BASF SE, Sinopec Shanghai GaoQiao Petrochemical Corporation, Fushun Beifang Chemical Co., Ltd., Huntsman Corporation, INEOS Oxide Ltd., Jiaxing Jinyan Chemical Co., Ltd., and The Dow Chemical Company among others.

The report titled "Ethanolamine: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market, product, end-market applications, and recent industry activity. The report analyzes market data and analytics in terms of volume consumption for regions including the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. In addition, the report also analyses consumption in terms of value as well as volume for the US market with the break-up of the ethanolamine market in terms of TEA, DEA and MEA.

For more details about this comprehensive market research report, please visit -
http://www.strategyr.com/Ethanolamines_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com

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