Aminoethylethanolamine Market Size Worth $299.7 Million by 2027 | CAGR 4.7%: Grand View Research, Inc.

Aminoethylethanolamine Market Size Worth $299.7 Million by 2027 | CAGR 4.7%: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, June 23, 2020

SAN FRANCISCO, June 23, 2020 /PRNewswire/ -- The global aminoethylethanolamine market size is projected to reach USD 299.7 million by 2027 registering a CAGR of 4.7%, according to a new report by Grand View Research, Inc. Rising demand for polyurethane products as well as increasing consumption of chelating agents in detergents and cleaning products are projected to drive the market. Polyurethane is widely utilized across numerous end-use industries, such as automotive, construction, consumer goods, electrical & electronics, packaging and footwear, owing to its inherent advantageous characteristics including high thermal & chemical resistance, durability, and low-cost production.

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Key suggestions from the report:

Read 148 page research report with ToC on "Aminoethylethanolamine Market Size, Share & Trends Analysis Report By Grade (>99%, <99%), By Application (Chelating Agent, Lubricants), By Region (North America, APAC, Europe), And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/aminoethylethanolamine-market

It is one of the highly consumed plastics owing to its favorable physical properties and abrasion resistance. Amino Ethyl Ethanol Amine (AEEA) is used to manufacture polyurethane that is used in the production of spray foams, appliances, building panels, and automotive elastomers. China is a global leader, in terms of polyurethane consumption, owing to rising demand from end-use industries. The presence of a large number of manufacturers coupled with investments in upstream activities is driving the demand. North America and Europe markets are growing steadily owing to slightly sluggish growth in the end-use industries.

Increased efficiency in building materials has generated higher demand for efficient insulating materials to regulate HVAC. PU foams are extremely efficient insulation materials, which lead to greater energy savings. Numerous businesses have realized other intangible benefits of green buildings, such as increased employee productivity, improved employee satisfaction, and their positive impact on company's brand and reputation. These factors are likely to fuel the utilization of AEEA in the manufacturing of polyurethane over the coming years. Furthermore, detergents and household cleaners have exhibited significant growth in the past few years due to factors such as, rising disposable income in emerging economies, which is also driving the market.

Grand View Research has segmented the global aminoethylethanolamine market on the basis of grade, application, and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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