ID: MRFR/CnM/1730-HCR | February 2021 | Region: Global | 130 pages
Diethylenetriamineis growing at a healthy CAGR during forecasted period (2016-2022).
Diethylenetriamine, (DETA) is an organic compound and a colourless, hygroscopic liquid, which is soluble in water and polar organic solvents. Its chemical properties are similar to those of ethylene diamine owing to this the application of diethylenetriamine is in various industries such as, petochemical industries, personal care industries, paper & pulp industries and others
The driver of the market are the due to demand from various industries namely, petochemical industries, personal care industries, paper & pulp industries and others. Diethylenetriamine is majorly used in petrochemical industries in the form of oilfield chemicals, lubricants and chelating agents. However, the market growth might be hindered due to stringent regulations by government in-addition, the raw material of diethylenetriamine are quiet expensive.
Diethylenetriamine is segmented on basis of end use industry: petochemical industries, personal care industries, paper & pulp industries and others. Petrochemical industries has the largest market share and is expected to grow at a faster pace for the forecasted period. Personal Care industries had the largest market share in 2015. Diethylenetriamine are used in in hand lotions, cosmetic creams, cleansing creams, shaving creams and shampoos.
Globally, Asia Pacific emerged as the largest diethylenetriamine consumer in recent years, with highest volume share in 2016.Major key players of the market of developed countries are focusing on various strategies they are utilizing low cost labor & resources in emerging economies such as India, Vietnam, Malaysia, Thailand and Indonesia. The region is expected to grow at the highest CAGR from 2016 to 2025.
North America is the second largest market for diethylenetriamine in terms of demand. However the stringent regulation might hamper the growth rate of this market. Europe is at the mature stage, and ROW will grow at steady rate due to demand from various end-use industries.
The key players in market includes BASF SE, Huntsman Corporation, Diamines and Chemicals Ltd., The Dow Chemical Company, AkzoNobel N.V., Tosoh Corporation, Delamine, Arabian Amines Company, Sigma-Aldrich Co. LLC, Bluefield International and others.
April 2021- Sabic, Saudi Arabia's state-controlled petrochemicals producer, is set to take full responsibility for marketing and sales of most of Saudi Aramco's petrochemicals and polymer products, formally turning into the chemicals arm of the oil giant. Aramco will also hand over duties for its Malaysia-based Pengerang Petrochemical Company (PRefChem), South Korea-based S-Oil, and Saudi-based Sadara joint-ventures to Sabic.
The latest PRefChem plant in Malaysia will have the capacity to manufacture 900,000 t/yr of polypropylene (PP) and 750,000 t/yr of polyethylene (PE) once it comes on stream later this year, once as S-Oil functions a 405,000 t/yr PP unit in South Korea.
Sabic has already disclosed that the company will start marketing Sadara Chemical products in the Middle East region from 1 July with Dow, a US petrochemical manufacturer, and Saudi Aramco's joint-venture partner. Aramco will pay an autonomous wealth Public Investment Fund of over USD69.1 billion to buy in installments until 2028.
Post the closure or consolidation of petrochemical products, Sabic will wholly handle the sales and marketing of high-density PE (HDPE), phenol, acetone, butyl glycol ether, propylene oxide, propylene glycols, polymeric methylene diphenol diisocyanate (PMDI), diethylenetriamine (DETA), ethylenediamine (EDA), di-ethanolamine (DEA), TEG, PA6, ethylene vinyl acetate copolymer(EVA), PP homopolymer, low-density PE (LDPE), MMA, toluene diisocyanate (TDI), tri-ethanolamine (TEA), DEG, PP terpolymer, linear low-density PE (LLDPE), polyols, mono-ethanolamine (MEA), PMMA, ortho-toluene diamine, MEG, and PP copolymer.
Study Objectives of Diethylenetriamine Market
The report covers brief analysis of geographical region includes
|Market Size||2030 : Significant value|
|CAGR||2019–2027: Substantial CAGR|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Applications, By End-User Industry and By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||BASF SE, Huntsman Corporation, Diamines and Chemicals Ltd., The Dow Chemical Company, AkzoNobel N.V., Tosoh Corporation, Delamine, Arabian Amines Company, Sigma-Aldrich Co. LLC, Bluefield International and others.|
|Key Market Opportunities||Diethylenetriamine is majorly used in petrochemical industries in the form of oilfield chemicals, lubricants and chelating agents.|
|Key Market Drivers||The due to demand from various industries namely, petochemical industries, personal care industries, paper & pulp industries|
Frequently Asked Questions (FAQ) :
It has extensive applications in surfactants, petroleum production chemicals, lube oil additives, and others.
Petroleum industry will dominate the diethylenetriamine market.
The APAC region will have the largest share in the diethylenetriamine market.
Notable players profiled in the diethylenetriamine market include Bluefield International, Sigma-Aldrich Co. LLC, Arabian Amines Company, Delamine, Tosoh Corporation, AkzoNobel N.V., The Dow Chemical Company, Diamines and Chemicals Ltd., Huntsman Corporation, and BASF SE.
Different strategies adopted by industry players to maintain dominance in the diethylenetriamine market include extensive R&D, mergers, joint ventures, and product launches.