Ethyleneamines Market worth $2,138.28 Million by 2019, Says the New Report on ASDReports

Wednesday 19 November 2014, Amsterdam

The new report now available on ASDReports, analyzes the global ethyleneamines market with respect to market drivers, opportunities, and trends in different regions.

The ethyleneamines applications are significantly penetrating the end-user industry markets. They have different characteristics as per their manufacturing and application requirements in the end products. The Asia-Pacific remain the dominating region in the global market with its growing demand for ethyleneamines in different application segments, especially the resin, paper, automotive, and adhesive. The Asia-Pacific market is estimated to grow at the highest CAGR in the next five years, with the allied industries expected to boost the overall business need in the respective regions.

R&D is expected to be a key part of the ethyleneamines market as newer products with better reactive properties which are eco-friendly in nature, can be the vital drivers of the market. Manufacturing companies, research associations, and end-product manufacturers need to infuse high investments for future advancements and technology modifications of ethyleneamines to match the new demands coming from various end-user industries.

Asia-Pacific is the largest region, both in terms of volume and value, followed by Europe and North America. India, Russia, Brazil, and South East Asian countries are expected to continue as successful markets. The key players in the global ethyleneamines market are Akzo Nobel N.V. (The Netherlands), Huntsman Corporation (U.S), The Dow Chemical Company (U.S.), BASF S.E. (Germany), Tosoh Corporation (Japan), Delamine (The Netherlands), Diamines & Chemical limited (India).

The emerging South-East Asian nations that host the global events related to chemical industry would supplement the growth of ethyleneamines market. An improved growth in industrial manufacturing, local end-user production, and increasing population in the emerging economies are expected to drive the consumption of ethyleneamines. Also, the key exporters besides the players in China to these countries, mainly, the important global manufacturers, such as BASF S.E. have been expanding their capacities of ethyleneamines in the recent past. It depicts the rising demand from South-East Asia as well as China and India in the Asia-Pacific region.

The ethyleneamines demand, in terms of value and volume, depicts the current and future projections, according to the parallel economic and industry outlook. This analysis covers important developments, expansions, agreements, and partnerships of the leading global companies.

The global ethyleneamines market was estimated to be is $1,364.90 million in 2013, and is projected to reach $2,138.28 million by 2019, expected to grow at a CAGR of 7.81% between 2014 and 2019. The high demand across the industries, such as resin, paper, automotive, adhesive, water treatment, agro chemical, pharmaceutical, personal care, textile chemical, and other is expected to increase the overall ethyleneamines consumption