Global Ethanolamines Market - Herbicides to Drive Demand Through 2021 | Technavio
January 13 2018 - 11:23AM
Business Wire
Technavio market research analysts forecast the global
ethanolamines (ETAs) market to grow at a CAGR of more than 4%
during the forecast period, according to their latest report.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20180113005026/en/
Technavio has published a new market
research report on the global ethanolamines market 2017-2021 under
their chemicals and materials library. (Graphic: Business Wire)
The report further segments the global ethanolamines market by
product (DEAs, TEAs, and MEAs) and by geography (the Americas,
APAC, and EMEA).
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off.
Buy 2 Technavio reports and get the third for free.
Technavio analysts highlight the following three market drivers
that are contributing to the growth of the global ethanolamines
market:
- Growth of the global glyphosate
market
- Burgeoning demand from the cosmetics
and personal care industry
- Growth of the construction
industry
Looking for more information on this market? Request a
free sample report
Technavio’s sample reports are free of charge and contain
multiple sections of the report including the market size and
forecast, drivers, challenges, trends, and more.
Growth of the global glyphosate market
Global increase in the production of herbicides, is fueling the
growth of the global ETAs market. One of the largest consumed
herbicide types, glyphosate, has led to the growth of the global
ETAs market owing to the increased use of ETAs, particularly DEA,
in the production of herbicides. When ETAs are added, it improves
the quality of glyphosate and simultaneously enhances its effect in
agricultural applications.
According to Kshama Upadhyay, a lead analyst
at Technavio for specialty chemicals research, “In terms of
application, oilseeds, pulses, and crops such as groundnut, green
gram, mustard, red gram, black gram, soybeans, and gingelly
accounted for the highest share. Regions such as South America and
APAC are viable markets for the global glyphosate market. The
growth of the global herbicides market drives the demand for ETAs
and strengthens the global ETAs market.”
Burgeoning demand from the cosmetics and personal care
industry
The demand for ETAs from applications in the cosmetics and
personal care industry drives the global ETAs market. Mostly, TEA
is preferred in cosmetic products such as mascara, eyeshadow,
fragrance, concealer, and foundation, thereby strengthening the
global ETA market. It is also included in hair care products such
as wave sets and hair dyes. TEA is a common ingredient in shaving
gels and creams and in sunscreens. TEA is also employed as an
emulsifier to assist the retention of a relatively more homogenous
appearance of products and to spread creams evenly over the
skin.
The global construction industry is driving the growth for the
global ETAs market. The addition of TEAs helps in enhancing the
quality of cement. It has also been noted that the inclusion of TEA
accelerates the hydration of tricalcium aluminate in Portland
cement, thereby promoting the release rate of hydration heat.
“The growth in the global production of
cement is fueled by increasing construction activities in countries
such as India and China. After China, the Indian cement industry is
the largest in the global cement production. Due to an upsurge in
infrastructural development, China dominates the global cement
industry. Therefore, the robust growth of the cement industry will
drive the growth of the global ETAs market during the forecast
period,” says Kshama.
Browse Related Reports:
- Global Alpha Olefins Market
2017-2021
- Global Ink Solvent Market
2017-2021
- Global Lignin Products Market
2017-2021
About Technavio
Technavio is a leading global technology research and
advisory company. Their research and analysis focuses on emerging
market trends and provides actionable insights to help businesses
identify market opportunities and develop effective strategies to
optimize their market positions.
With over 500 specialized analysts, Technavio’s report library
consists of more than 10,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio’s comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
If you are interested in more information, please contact our
media team at media@technavio.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180113005026/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com