CHICAGO, Oct. 16, 2023 /PRNewswire/ -- The report "Ethyleneamines Market by Type (Ethylenediamine, Diethylenetriamine, Triethylenetetramine), Application, End Use (Resin, Paper, Automotive, Adhesive, Water Treatment, Agriculture, Pharmaceutical), and Region - Global Forecasts to 2028", size is projected to grow from USD 2.3 billion in 2023 to USD 2.9 billion by 2028, at a CAGR of 4.7%.
The ethyleneamines market is witnessing robust growth, driven by a diverse array of end-use industries. This strategic assessment unveils how sectors such as resin, adhesive, paper, automotive, water treatment, and pharmaceuticals collectively act as influential drivers propelling the growth of the ethyleneamines market. The symbiotic relationship between ethyleneamines and these industries underscores their pivotal roles in fostering market expansion.
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The ethylenediamines segment is expected to account for the largest shares in 2023.
Ethylenediamine finds applications across diverse industries, including adhesives, pharmaceuticals, agriculture, and chemicals. Its multifaceted nature makes it suitable for an array of processes, such as corrosion inhibition, acting as a chelating agent in metal treatment, and playing a pivotal role in producing epoxy resins. One of ethylenediamine's standout features is its chelating properties, enabling the formation of stable complexes with metal ions. This characteristic is invaluable in industries requiring metal extraction, purification, or stabilization, with applications spanning water treatment to heavy metal ion removal. Epoxy resin production is a prominent application of ethylenediamine. Epoxy resins, widely used in construction, automotive, and electronics, rely on ethylenediamine as a curing agent. This curing process imparts durability, adhesive strength, and resistance to chemicals, making epoxy resins highly sought after.
The resin segment is expected to account for the largest share in 2023.
The prominence of resin as a leading end-use for ethyleneamines within the chemical industry can be attributed to several technical factors that make this combination particularly advantageous. Ethyleneamines possess a high degree of reactivity, particularly those with multiple amine groups such as diethylenetriamine (DETA) and triethylenetetramine (TETA). This reactivity allows them to readily cross-link with various polymer chains. In the context of resins, this cross-linking capability is harnessed to create highly durable and structurally stable materials.
Resins modified with ethyleneamines exhibit superior mechanical properties. The cross-linking of polymer chains through amine-epoxy reactions results in improved tensile strength, toughness, and impact resistance. These enhancements are particularly valuable in industries like automotive, where materials must withstand significant stress and strain. Additionally, ethyleneamines serve as effective adhesion promoters, creating strong bonds between the resin and substrate, crucial for coatings and adhesives applications.
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Asia Pacific is expected to account for the largest share in 2023.
The Asia Pacific region's economic dynamism and the presence of several manufacturing hubs have also made it a hub for industrial applications of ethyleneamines, such as resin production and as curing agents for epoxy resins. Furthermore, the region's commitment to environmental sustainability has driven the adoption of water treatment processes, where ethyleneamines are used as chelating agents.
The key players in the ethyleneamines market include Huntsman Corporation (US), Dow Inc (US), Tosoh Corporation (Japan), Nouryon (Netherlands), BASF SE (Germany), Diamines and Chemicals Ltd (India), SABIC (Saudi Arabia), Balaji Speciality Chemicals Limited (India), Oriental Union Chemical Corporation (Taiwan), Kanto Chemical Co., Inc (Japan).
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