Global Aminoethylethanolamine Market was valued at US $ 241.2 million in 2022 and is expected to reach US $ 359.1 million by 2030 growing at a CAGR of 5.1% during the forecast period 2023 – 2030.
The Aminoethylethanolamine (AEEA) market refers to the global commercial landscape that encompasses the production, distribution, and application of AEEA, a versatile chemical compound. AEEA finds utilization across a wide spectrum of industries, including personal care, home care, textiles, agrochemicals, and industrial processes. It serves multiple functions, such as pH adjustment, solubility enhancement, and chelation, making it a valuable ingredient for formulators and manufacturers. The market is characterized by its ability to enhance the performance of various products, offering economic advantages, environmental benefits, and the potential for innovation and market differentiation. AEEA's biodegradability and low toxicity position it as a sustainable choice, aligning with the global focus on environmental responsibility. Its adaptability to diverse applications, including compliance with stringent regulatory standards and its role in promoting hygiene and health, makes the AEEA market an integral part of numerous industries and supply chains worldwide.

Some of the benefits of designing a Aminoethylethanolamine Market include:

• Versatility: AEEA is a versatile chemical compound that finds application in a wide range of industries, including personal care, home care, textiles, agrochemicals, and industrial processes. Its ability to serve multiple functions, such as pH adjustment, solubility enhancement, and chelation, makes it valuable for formulators and manufacturers.
• Enhanced Product Performance: AEEA is known for its ability to enhance the performance of products. In personal care, it improves the quality and efficacy of shampoos, conditioners, skincare products, and hair dyes. In home care, it contributes to the effectiveness of detergents, fabric softeners, and cleaning agents. This enhancement of product performance aligns with consumer expectations for high-quality and effective solutions.
• Economic Advantages: AEEA's cost-effectiveness, especially in emerging markets like China and India, makes it an attractive choice for various industries. The demand for low-cost AEEA is high in these regions, which is driving the growth of the market.
• Environmental Benefits: AEEA is used as a key ingredient in the formulation of green and eco-friendly products. Its biodegradability and low toxicity make it a sustainable choice in a world increasingly focused on environmental responsibility.
• Innovation and Market Differentiation: Manufacturers can leverage AEEA to innovate and differentiate their products in competitive markets. AEEA allows companies to develop high-performance solutions that meet consumer preferences for quality, sustainability, and functionality.
• Adherence to Regulatory Standards: AEEA is used in industries like pharmaceuticals and agrochemicals where adherence to strict regulatory standards is crucial. Its properties and performance make it suitable for applications that require compliance with such standards.
• Hygiene and Health Focus: In the wake of global health concerns, AEEA's role in cleaning and disinfecting agents has become even more important. It contributes to maintaining a safe and hygienic environment, which is a top priority for individuals and industries.

COVID -19 Impact

The aminoethylethanolamine (AEEA) market experienced significant repercussions due to the COVID-19 pandemic. The outbreak disrupted various aspects of the market, starting with the global supply chain. Lockdowns, travel restrictions, and workforce limitations led to interruptions in the production and distribution of AEEA, resulting in delays and shortages. Several industries that rely on AEEA, including textiles, automotive, and construction, encountered reduced demand as a consequence of decreased industrial activity during the pandemic. Economic uncertainties compelled businesses to adopt cost-conscious strategies, impacting the overall demand for AEEA.

However, the pandemic brought about a shift in demand dynamics. While some sectors experienced reduced activity, others witnessed a surge in requirements. The heightened emphasis on hygiene and safety measures led to an increased use of cleaning and disinfecting products, potentially boosting the need for AEEA in such formulations. The textile industry underwent changes as remote working reduced the demand for office attire and uniforms, subsequently affecting the use of AEEA in textile applications.

As the pandemic underscored the importance of maintaining cleanliness and safety, the role of AEEA in enhancing the performance of cleaning and disinfecting agents gained prominence. Moreover, businesses reevaluated their supply chain strategies and contingency plans, seeking alternative sourcing options for critical chemicals like AEEA to ensure more resilient and reliable supply chains in the face of future disruptions. The AEEA market continues to adapt to evolving consumer behaviors and market demands as the global situation unfolds.

Drivers

Increasing demand for personal care products

The market growth of Aminoethylethanolamine (AEEA) is significantly bolstered by the increasing demand for personal care products. This demand surge is multifaceted and arises from various key factors. AEEA serves as a versatile ingredient in the formulation of a wide range of personal care products, including shampoos, conditioners, hair dyes, skincare items, and more. Its multifunctional properties enable manufacturers to improve the quality and performance of these products, resulting in smoother, more effective solutions that cater to consumers' diverse preferences.

In the realm of hair care products, AEEA's contributions are particularly noteworthy. It enhances hair texture, manageability, and shine, aligning with the consumer's focus on hair health and aesthetics. Moreover, AEEA's utility extends to skincare products, where it plays a role in moisturization and pH balance, critical factors in the development of effective skin care solutions.

The evolving consumer landscape emphasizes health and beauty consciousness, spurring the demand for personal care items that offer tangible benefits. AEEA's ability to enhance product efficacy addresses these consumer preferences. As consumers become increasingly discerning and health-focused, AEEA facilitates the development of products that meet their evolving needs. For manufacturers, AEEA represents an opportunity for innovation and product differentiation. By incorporating AEEA into their formulations, companies can set themselves apart in the competitive personal care market, attracting consumers seeking advanced and high-performance solutions. In essence, the growing demand for personal care products acts as a pivotal driver for the expansion of the AEEA market, making it a valuable and sought-after ingredient in the formulation of personal care solutions.

Rising demand for home care products

The surging demand for home care products is a key driver in propelling the market growth of aminoethylethanolamine (AEEA). This demand is fueled by various factors that highlight the importance of AEEA in this sector. AEEA's exceptional versatility in formulations is a critical advantage, allowing it to be a key component in home care products, including detergents, fabric softeners, and cleaning agents. Its multifunctional properties, such as pH adjustment and enhanced solubility, contribute to the development of effective and high-performance home care solutions. AEEA's impact on cleaning performance is a significant driver, as it improves the solubility and dispersion of active cleaning agents, ensuring thorough soil and stain removal. In an era where consumers prioritize cleanliness and hygiene in their homes, this quality enhancement is particularly attractive. The compound's utility in fabric care, such as maintaining fabric softness and facilitating stain removal, aligns with consumer preferences for products that offer both cleaning efficacy and fabric preservation.

Additionally, AEEA's role in odor control is pivotal in products like air fresheners and household cleaning agents, where consumers seek to maintain a fresh and pleasant home environment. The increased focus on health and hygiene, amplified by public health concerns, has heightened the emphasis on home care product effectiveness. AEEA's ability to enhance cleaning performance aligns with consumer demands for products that promote a healthy living environment. Manufacturers can leverage AEEA to innovate and differentiate their home care offerings, setting themselves apart in a competitive market and addressing specific consumer needs and concerns. As per Statista, in 2022, the global home care market witnessed the dominance of Vim as the top-ranking brand, boasting an impressive 1.88 billion consumer reach points. Following closely were Downy and Sunlight, securing the second and third positions with 1.34 billion and 1.33 billion consumer reach points, respectively.

Challenges

Stringent environmental regulations

Stringent environmental regulations exert a profound influence on the Aminoethylethanolamine (AEEA) market's growth dynamics. These regulations, established by governments and regulatory bodies, mandate rigorous standards for environmental protection and sustainability. AEEA's prominence in this context arises from its alignment with these regulations due to its lower toxicity and biodegradable properties. Consequently, industries subject to these stringent regulations turn to AEEA as a favorable choice for meeting compliance standards and minimizing their environmental impact. Moreover, as these regulations often necessitate the replacement or reduction of hazardous chemicals, AEEA is seen as a safer and greener alternative, further driving its adoption across various sectors. AEEA's recyclability and potential for closed-loop processes are in line with the waste management and disposal requirements of these regulations, promoting sustainable practices and adherence to the principles of the circular economy.

Furthermore, stringent regulations are not only compliance mandates but also gateways to specific markets with strict environmental standards. AEEA's eco-friendly characteristics facilitate market access, especially in regions with stringent environmental requirements. Consumer preferences, evolving toward eco-conscious choices, have also intensified the impact of environmental regulations on the AEEA market. Companies utilizing AEEA can leverage its eco-friendly attributes to enhance their brand reputation and attract environmentally aware consumers.

Trends

Surging demand for sustainable products

The surging demand for sustainable products is a substantial driving force behind the growth of the aminoethylethanolamine (AEEA) market. This demand is rooted in a heightened global awareness of environmental concerns and the need to reduce the ecological footprint of various industries. AEEA, with its eco-friendly attributes, including lower toxicity and biodegradability, has gained favor as a more sustainable alternative in diverse applications. Increasingly stringent environmental regulations imposed by governments and regulatory bodies are pushing industries to adopt greener practices and materials. AEEA aligns well with these regulatory requirements, making it an attractive choice for companies aiming to meet compliance standards while reducing their environmental impact.

Consumer preferences are also pivotal, with a growing inclination towards products marketed as sustainable or environmentally friendly. This trend spans across sectors like personal care, home care, and industrial applications, where AEEA finds its utility. Companies are responding by incorporating AEEA into their formulations to appeal to eco-conscious consumers. Furthermore, many businesses are setting sustainability goals, committing to reducing their environmental footprint, and choosing materials like AEEA that support these initiatives. AEEA's potential use in sustainable packaging and its recyclability further contribute to this shift toward more environmentally responsible practices.

Market Segmentation

By Grade

• The >99% dominated the Aminoethylethanolamine Market in 2022.
• The <99% is the fastest growing segment, growing at a CAGR of 7.2% during the forecast period.

By Grade, the global Aminoethylethanolamine Market is divided into >99%, <99%.
The >99% grade stands as the predominant segment in the aminoethylethanolamine (AEEA) market, commanding a majority share of over 52.63% in 2022. This is attributed to its extensive application in diverse end-use industries, including personal care, home care, and industrial applications.

On the other hand, the <99% grade segment is poised to exhibit the most rapid growth within the AEEA market, with a projected CAGR exceeding 7.2% from 2023 to 2030. This expansion is primarily propelled by the escalating demand for AEEA in emerging markets like China and India, where there is a substantial need for cost-effective AEEA. These emerging economies are experiencing rapid economic development, leading to increased AEEA demand across multiple sectors, including personal care, home care, and industrial applications. The robust demand for affordable AEEA in these markets is a key driver behind the growth of the <99% grade AEEA segment.

By Application

• The Lubricants segment dominated the Aminoethylethanolamine Market in 2022.
• Surfactant is the fastest growing segment, growing at a CAGR of 4.7% during the forecast period.

By Application the Aminoethylethanolamine Market is divided by Chelating Agent, Surfactant, Textile Additive, Fabric Softener, Lubricants, and Others.

In 2022, the lubricant application segment took the lead in the market, commanding a substantial share of 36.73%. This dominance can be attributed to the robust demand for lubricant additives, aimed at enhancing the performance and properties of lubricants for vehicles and machinery. Major lubricant manufacturers rely on a consistent supply of fuel additives to augment their lubricant products, thereby expanding their market reach. Aminoethylethanolamine (AEEA) has also witnessed growing adoption in various other sectors, including agrochemical manufacturing, textile production, and the fabrication of fabric care products. With these industries experiencing notable global growth, the demand for AEEA is expected to rise in the foreseeable future.

The growth of the Nylon 6 Filament Yarn market is significantly influenced by the surging demand for lightweight and high-performance materials within the automotive industry. This demand is driven by several factors. Firstly, the pursuit of enhanced fuel efficiency has become a paramount goal for the automotive sector, compelling manufacturers to seek lightweight materials that reduce the overall weight of vehicles. Nylon 6 filament yarn, known for its lightweight properties and exceptional strength, fulfills this requirement effectively, contributing to fuel efficiency improvements.

By Region

• The North America region dominated the Aminoethylethanolamine Market in 2022.
• The APAC region is the fastest growing segment, growing at a CAGR of 9.8% during the forecast period.

By region, the global Aminoethylethanolamine Market is divided into North America, Europe, APAC and Others. Others is further divided into Middle East, Africa and South America.
In 2022, the Asia Pacific emerged as the largest market, capturing a significant 49.1% global revenue share. The region is expected to sustain steady growth from 2022 to 2030. This growth is attributed to the rapid expansion of end-use industries, particularly textiles and lubricants, in countries like China, Indonesia, Japan, India, and Thailand, facilitated by the easy availability of raw materials and a skilled labor force. The Asia Pacific region is a central hub for numerous automakers with a consistent demand for premium lubricants, which is poised to boost AEEA consumption. For instance, As stated in a publication by the National Investment Promotion and Facilitation Agency, the forecast for India's textile exports suggests substantial growth, reaching approximately $65 billion by the year 2025-26. This projected expansion is anticipated to be characterized by a compound annual growth rate (CAGR) of around 9.8%. As a result, there is the potential for an increased demand for aminoethylethanolamine within the textile sectors of the Asia-Pacific region.

In North America, many global pharmaceutical companies are concentrated. With a focus on innovation in medical technologies across the U.S. and Canada, companies in the region are broadening their research horizons to introduce novel products to the market. AEEA-based chelating agents are extensively employed in pharmaceutical applications as stabilizers, contributing to the stability of medications.

Competitive Landscape

The global Aminoethylethanolamine Market is consolidated with the presence of few major players contributing to the market revenue. This dominance of these major players is driven by their technological expertise, extensive resources, and established brand recognition. These companies typically offered comprehensive and diversified solutions to end use industries.

• BASF

BASF, also known as Badische Anilin- und Soda-Fabrik, is a globally recognized chemical corporation headquartered in Ludwigshafen, Germany. Established in 1865, it has evolved into one of the world's largest and most influential chemical manufacturers, with a significant presence in various sectors, including chemicals, plastics, performance products, functional materials, and agricultural solutions.

• Dow, Inc.

Dow, Inc., often simply called Dow, is a well-established American multinational chemical company based in Midland, Michigan. Since its inception in 1897, Dow has transformed into a global leader in the production and distribution of chemicals, plastics, materials science, and specialized solutions. Dow is renowned for its substantial contributions to the chemical industry and its dedication to tackling global challenges.

• Evonik

Evonik Industries AG, known as Evonik, is a prominent German specialty chemical corporation with its headquarters located in Essen, Germany. It traces its heritage back over 150 years, with its formation in 2007 following the acquisition of Degussa's chemicals business. Evonik has since positioned itself as a global leader in the specialty chemicals and materials sector.

• Huntsman
• INEOS
• Kemira
• LANXESS
• Momentive Performance Materials
• Nippon Shokubai
• Olin Corporation
• Perstorp
• Rhodia
• Sanyo Chemical Industries
• Solvay
• Stepan Company
• Taminco
• The Dow Chemical Company
• The Lubrizol Corporation
• Wacker Chemie Zhuhai
• Zhongfu Chemical Group

Recent Developments

• In 2023, BASF introduced an innovative range of biodegradable and non-irritating surfactants based on AEEA. These surfactants find applications in a diverse array of personal care and household products.
• In 2023, Dow unveiled its ambitious project to boost AEEA production capacity by 20%, with an anticipated completion date in 2024.
• In 2023, Evonik expanded its presence in the global AEEA market through the acquisition of Taminco's AEEA business, reinforcing its market position.

Global Aminoethylethanolamine Market Scope

Table of Contents

1 INTRODUCTION OF GLOBAL AMINOETHYLETHANOLAMINE MARKET

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY 

3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources

4 GLOBAL AMINOETHYLETHANOLAMINE MARKET OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.3.1. Bargaining Power of Suppliers

4.3.2. Threat of New Entrants

4.3.3. Threat of Substitutes

4.3.4. Competitive Rivalry

4.3.5. Bargaining Power among Buyers

4.4 Value Chain Analysis

5 GLOBAL AMINOETHYLETHANOLAMINE MARKET, BY GRADE

5.1 Overview

5.2 >99%

5.3 <99%

6 GLOBAL AMINOETHYLETHANOLAMINE MARKET, BY APPLICATION

6.1 Overview

6.2 Chelating agent

6.3 Surfactant

6.4 Textile additive

6.5 Fabric softener

6.6 Lubricants

6.7 Others

7 GLOBAL AMINOETHYLETHANOLAMINE MARKET, By REGION

7.1 North America

7.1.1 U.S.

7.1.2 Canada

7.2 Europe

7.2.1 Germany

7.2.3 U.K.

7.2.4 France

7.2.5 Rest of Europe

7.3 Asia Pacific

7.3.1 China

7.3.2 Japan

7.3.3 India

7.3.4 South Korea

7.3.5 Singapore

7.3.6 Malaysia

7.3.7 Australia

7.3.8 Thailand

7.3.9 Indonesia

7.3.10 Philippines

7.3.11 Rest of Asia Pacific

7.4 Others

7.4.1 Saudi Arabia

7.4.2 U.A.E.

7.4.3 South Africa

7.4.4 Egypt

7.4.5 Israel

7.4.6 Rest of Middle East and Africa (MEA)

7.4.7 Brazil

7.4.8 Argentina

7.4.9 Mexico

7.4.10 Rest of South America

8 COMPANY PROFILES

8.1 BASF

8.1.1. Company Overview

8.1.2. Key Executives

8.1.3. Operating Business Segments

8.1.4. Product Portfolio

8.1.5. Financial Performance (As per availability)

8.1.6 Key News

8.2 Dow, Inc.

8.2.1. Company Overview

8.2.2. Key Executives

8.2.3. Operating Business Segments

8.2.4. Product Portfolio

8.2.5. Financial Performance (As per availability)

8.2.6. Key News

8.3 Evonik

8.3.1. Company Overview

8.3.2. Key Executives

8.3.3. Operating Business Segments

8.3.4. Product Portfolio

8.3.5. Financial Performance (As per availability)

8.3.6. Key News

8.4  Huntsman

8.4.1. Company Overview

8.4.2. Key Executives

8.4.3. Operating Business Segments

8.4.4. Product Portfolio

8.4.5. Financial Performance (As per availability)

8.4.6. Key News

8.5 INEOS

8.5.1. Company Overview

8.5.2. Key Executives

8.5.3. Operating Business Segments

8.5.4. Product Portfolio

8.5.5. Financial Performance (As per availability)

8.5.6. Key News

8.6 Kemira

8.6.1. Company Overview

8.6.2. Key Executives

8.6.3. Operating Business Segments

8.6.4. Product Portfolio

8.6.5. Financial Performance (As per availability)

8.6.6. Key News

8.7 LANXESS

8.7.1. Company Overview

8.7.2. Key Executives

8.7.3. Operating Business Segments

8.7.4. Product Portfolio

8.7.5. Financial Performance (As per availability)

8.7.6. Key News

8.8 Momentive Performance Materials

8.8.1. Company Overview

8.8.2. Key Executives

8.8.3. Operating Business Segments

8.8.4. Product Portfolio

8.8.5. Financial Performance (As per availability)

8.8.6. Key News

8.9 Nippon Shokubai

8.9.1. Company Overview

8.9.2. Key Executives

8.9.3. Operating Business Segments

8.9.4. Product Portfolio

8.9.5. Financial Performance (As per availability)

8.9.6. Key News

8.10 Olin Corporation

8.10.1. Company Overview

8.10.2. Key Executives

8.10.3. Operating Business Segments

8.10.4. Product Portfolio

8.10.5. Financial Performance (As per availability)

8.10.6. Key News

8.11 Perstorp

8.11.1. Company Overview

8.11.2. Key Executives

8.11.3. Operating Business Segments

8.11.4. Product Portfolio

8.11.5. Financial Performance (As per availability)

8.11.6. Key News

8.12 Rhodia

8.12.1. Company Overview

8.12.2. Key Executives

8.12.3. Operating Business Segments

8.12.4. Product Portfolio

8.12.5. Financial Performance (As per availability)

8.12.6. Key News

8.13 Sanyo Chemical Industries

8.13.1. Company Overview

8.13.2. Key Executives

8.13.3. Operating Business Segments

8.13.4. Product Portfolio

8.13.5. Financial Performance (As per availability)

8.13.6. Key News

8.14  Solvay

8.14.1. Company Overview

8.14.2. Key Executives

8.14.3. Operating Business Segments

8.14.4. Product Portfolio

8.14.5. Financial Performance (As per availability)

8.14.6. Key News

8.15 Stepan Company

8.15.1. Company Overview

8.15.2. Key Executives

8.15.3. Operating Business Segments

8.15.4. Product Portfolio

8.15.5. Financial Performance (As per availability)

8.15.6. Key News

8.16 Taminco

8.16.1. Company Overview

8.16.2. Key Executives

8.16.3. Operating Business Segments

8.16.4. Product Portfolio

8.16.5. Financial Performance (As per availability)

8.16.6. Key News

8.17 The Dow Chemical Company

8.17.1. Company Overview

8.17.2. Key Executives

8.17.3. Operating Business Segments

8.17.4. Product Portfolio

8.17.5. Financial Performance (As per availability)

8.17.6. Key News

8.18 The Lubrizol Corporation

8.18.1. Company Overview

8.18.2. Key Executives

8.18.3. Operating Business Segments

8.18.4. Product Portfolio

8.18.5. Financial Performance (As per availability)

8.18.6. Key News

8.19 Wacker Chemie

8.19.1. Company Overview

8.19.2. Key Executives

8.19.3. Operating Business Segments

8.19.4. Product Portfolio

8.19.5. Financial Performance (As per availability)

8.19.6. Key News

8.20 Zhuhai Zhongfu Chemical Group

8.20.1. Company Overview

8.20.2. Key Executives

8.20.3. Operating Business Segments

8.20.4. Product Portfolio

8.20.5. Financial Performance (As per availability)

8.20.6. Key News

Global Aminoethylethanolamine Market Segmentation

Aminoethylethanolamine by Grade: Market Size & Forecast 2023-2030

• >99%
• <99%

Aminoethylethanolamine by End Users: Market Size & Forecast 2023-2030

• Chelating Agent
• Surfactant
• Textile Additive
• Fabric Softener
• Lubricants
• Others

Aminoethylethanolamine by Geography : Market Size & Forecast 2023-2030

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

• BASF
• Dow, Inc.
• Evonik
• Huntsman
• INEOS
• Kemira
• LANXESS
• Momentive Performance Materials
• Nippon Shokubai
• Olin Corporation
• Perstorp
• Rhodia
• Sanyo Chemical Industries
• Solvay
• Stepan Company
• Taminco
• The Dow Chemical Company
• The Lubrizol Corporation
• Wacker Chemie Zhuhai