Monoethanolamine (MEA) (also known as ethanolamine) is an organic chemical compound with the chemical formula C2H7NO. MEA is water soluble and biodegradable. It is commonly used in the production of detergents, emulsifiers, pharmaceuticals, and sweetening natural gas.
The global Monoethanolamine (MEA) market is segmented by type (industrial grade, pharmaceutical grade, and others), 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 specifications
Monoethanolamine (MEA) is a colorless and viscous liquid with an odor similar to ammonia. It combines the properties of amines and alcohols in one molecule. MEA is produced by reacting ethylene oxide with aqueous ammonia. This product is used in agriculture, pharmaceuticals, pulp and paper, detergents, textiles and polymer production.
MEA specifications | |
CAS No. | 141-43-5 |
HS Code | 29221110 |
Packaging | Drum |
Monoethanolamine (MEA) market
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. The industrial applications segment is expected to grow with the highest CAGR during the 2022 to 2028.
North America is expected to witness a significant market share, due to the increasing demand for Monoethanolamine in the textile industry.
Monoethanolamine (MEA) market, by application
Based on application, the Monoethanolamine (MEA) market has been segmented into:
- Personal care products
- Daily washing products
- Industrial applications
- Others
Monoethanolamine is used in household cleaning products. It is a suitable chemical in the removal of dirt, oil, and other skin pollutants. Plus, it can help to minimize skin irritation caused by some detergent components.
Monoethanolamine (MEA) market, by region
Based on region, the Monoethanolamine industry has been segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Asia Pacific is expected to be the fastest-growing region in the MEA market due to the presence of major end-use industries such as chemicals, oil and gas, and personal care in countries such as China and India. Plus, North America is expected to have the largest market share in the global Monoethanolamine market. This is because a high percentage of production is done in America.
Monoethanolamine (MEA) market, by type
Monoethanolamine is available in different types that are used in different industries. Based on type, the MEA market is segmented into:
- Purity above 99% (pharmaceutical grade)
- Purity below 99%( 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. Industrial grade of MEA, comprises impurities such as urea, ammonia, ethanol, and water. So it is suitable for chemical industry process applications. Archem MEA is specifically used in industry.
Monoethanolamine (MEA) market drivers
The increasing demand for cosmetics and personal care products, has increased demand for the Monoethanolamine market. Increasing awareness about the benefits of personal care products, is resulting in higher usage of cosmetics and personal care products. It is anticipated that in the next ten years, this field will have the highest consumption of Monoethanolamine in the market.
Monoethanolamine (MEA) market opportunities
The Monoethanolamine (MEA) market offers good opportunities for growth by increasing demand, environmental considerations, emerging markets, and diverse applications. By capitalizing on these opportunities, companies can achieve sustainable growth in the MEA market.
FAQ
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.
What is the Monoethanolamine (MEA) Market size?
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 the fastest growing region in Monoethanolamine market?
Asia Pacific is expected to be the fastest-growing region in the MEA market due to the presence of major end-use industries such as chemicals, oil and gas, and personal care in countries such as China and India. Plus, North America is expected to have the largest market share in the global Monoethanolamine market.