Monoethanolamine (MEA) is a colorless liquid with the chemical formula C2H7NO. MEA is miscible with water, most alcohols and polyols. This product is used in detergents, personal care products, textile finishing, and wood treating products. MEA should be stored in a cool, well-ventilated area and away from direct sunlight. It should be isolate from any source of heat or ignition. Plus, MEA should be kept away from strong acids and oxidizing materials.
ArChem provides MEA and other raw chemical materials such as Ammonium Nitrate, Soda Ash, and LABSA for various industrial applications. Additionally, ArChem provides customers with other chemical products including Nitrocellulose, Nitrocellulose solution, organic solvents, etc. for further information please contact our technical sales team in ArChem.
Monoethanolamine market
The global Monoethanolamine (MEA) market size was USD 2939 million in 2022 and is expected to grow at a CAGR of 3.5% over the period 2022-2028.
The global Monoethanolamine (MEA) market is segmented by type (Purity above 99%, Purity below 99%), by application (detergents, pharmaceuticals, cosmetics, personal care products, agricultural chemicals, and other applications), and by region (Asia-Pacific, North America, Europe, South America, the Middle East, and Africa). Growing demand for industrial applications, personal care products, and washing products has had a direct impact on the growth of the Monoethanolamine market.
Monoethanolamine market growth drivers
The Monoethanolamine market is influenced by several key factors that contribute to its growth in the market.
Increasing demand in the market
MEA is utilized in various industries such as agriculture, personal care, pharmaceuticals, and chemicals. The growing demand for products increases the demand for MEA as a key ingredient.
Wide range of applications
MEA has different applications in various industries, including corrosion inhibitors, pharmaceuticals, and gas sweetening. Its versatility and compatibility make it a suitable choice across multiple industries.
Technological advancements
Research and development focus on enhancing product quality and exploring new applications, contributing to market growth. Technological advancements enable manufacturers to stay competitive in the market.
Emerging markets
Rapid industrialization, urbanization, and infrastructure development provide new growth opportunities in the MEA market and increase demand for MEA-based products in different applications.
By capitalizing on these drivers, companies can achieve sustainable growth in the MEA market.
Monoethanolamine price trend
The price trend of Monoethanolamine can be influenced by some factors, including supply and demand, raw chemical material costs, market conditions, and geopolitical events.
The cost of raw materials used in the production of MEA, such as ethylene oxide and ammonia, impacts its price. Fluctuations in the prices of these raw chemical materials, influenced by factors such as supply and demand dynamics, energy prices, and market conditions, can directly affect MEA price.
Supply and demand have an impact on MEA prices. Increases in demand relative to supply can lead to higher prices, while oversupply can result in price decreases.
Market conditions, including economic trends and geopolitical events, may impact MEA prices. Plus, changes in production capacity can influence pricing trends in the long term.
Overall, a combination of these factors, along with market dynamics and industry considerations, influences the pricing of Monoethanolamine in the market. Our experts in ArChem monitor and analyze various aspects of the global MEA market. They analyze various segments and provide an analysis of the market performance in the long term. This would be useful for our customers to plan their future investments, understand the cost dynamics, and gain awareness about the behaviour of competitors across the globe.
FAQ
What is the price of Monoethanolamine in the market?
Depending on your orders, Prices of raw chemical materials are different. For more information about Monoethanolamine price, please contact our technical sales team in ArChem.
What is the market size of Monoethanolamine (MEA)?
The global Monoethanolamine (MEA) market was valued at USD 2939 million in 2022 and is expected to reach USD 3582 million in 2028, with a CAGR of 3.35% during the forecast years.
What is MEA?
Monoethanolamine (MEA) is a colorless, viscous liquid with an odor similar to ammonia. MEA is used in the production of detergents, personal care products, textile finishing, and wood treating products.
What is the CAS number of MEA?
The CAS number of MEA is 141-43-5.
What are different types of Monoethanolamine available in the Market?
Based on type, the MEA market is segmented into pharmaceutical grade and industrial grade. Monoethanolamine (MEA) with purity above 99%, is mostly used in pharmaceutical products and Monoethanolamine (MEA) with purity below 99%, is used in industrial applications.