The ethyleneamines market is driven by the important global players and their product qualities in the key growth markets. Asia-Pacific is the largest market, followed by the European and North American regions. The leading market players have backward as well as forward integrated value chains so as to reduce the impact of external environment on product economics. Also, the leading players are expected to expand their businesses by infusing the growth strategies to sustain such a high demand-oriented market.
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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 and Chemical Limited (India), and others are the important manufacturers of ethyleneamines at the global level. BASF S.E. have been the most active players from 2010 to 2014 (till April), in terms of developments in the ethyleneamines industry. In terms of market activities, expansion of the installed capacity was the most preferred development strategy. Most of the developments were witnessed in 2014 (upto April), followed by 2012 and 2010 in the Asia-Pacific region. It is expected that the players will have to enter into joint ventures or partnerships with the end-users to cope with the demand and supply in the industry.
Though the global players constantly expanding the capacities to fulfill the demand globally. Increasing end-user demand for ethyleneamines led amines manufacturer Huntsman to enter joint venture with Zamil Group, to open a ethyleneamines company in Saudi Arabia, named Arabian Amines company, a 50-50% joint venture to produce and operate ethyleneamines in Saudi Arabia, in 2008.
In the Asia-Pacific region, companies like BASF S.E. and Akzo Nobel N.V. made expansions to strengthen their global business developments by targeting growth markets in the developing countries. BASF S.E. is also debottlenecking its all ethyleneamines production plants across the globe, to meet its rising demand.
The report categorizes ethyleneamines into different applications. These are resin, paper, automotive, adhesive, water treatment, agro chemical, pharmaceutical, personal care, textile chemical, and other applications. Ethyleneamines are mainly used in resin application, such as plastic resins, synthetic rubber, and synthetic fibers. Resin application market for ethyleneamines is estimated to grow at a CAGR of 5.89% between 2014 and 2019, in terms of volume. The Asia-Pacific region, with an estimated CAGR of 8.41% between 2014 and 2019, is the fastest-growing market for ethyleneamines in terms of volume.
