The global diethanolamine market is anticipated to grow at a 3.87% CAGR during the forecast period (2024-2029).
Diethanolamine (DEA) is a chemical compound widely used in detergents, cosmetics, and processes. DEA and DEA-related chemicals are used in cosmetics as emulsifiers or foaming agents and to change the pH (acidity) of the product. According to data filed with the FDA's Voluntary Cosmetic Registration Program, DEA and DEA-related substances are utilized far less often in cosmetic goods than they were when the NTP conducted their research.
The rising demand for personal care products is a crucial driver of the diethanolamine market's growth. Many factors have persisted in helping the expanding use. First, the overall enhancement of consumer knowledge concerning personal hygiene and looking after one’s appearance has increased demand for a broad range of personal care products. South Korea is one of the world's top ten beauty markets in terms of global market share, noted for its innovative products, natural ingredients, and appealing packaging. According to Korea Customs Service figures for 2022, skincare cosmetics remained the top import category, accounting for 41.8%, or $711 million, of overall cosmetic imports.
The trend is that people are using shampoos, conditioners, body washes, and skin care products as a regimen in their day-to-day lives. Secondly, due to significant changes in modern life, with stressful schedules, especially in large urban environments, there is an even greater need for quick and efficient skin care products.
Additionally, global economic development, especially the growth of new international markets, has increased consumers’ purchasing power to buy more personal and home products. The sectors of organic, natural, and premium outcomes also contribute to expanding the market size.
Advancements in products are considered one of the main factors that fuel the demand for diethanolamine (DEA). Stakeholders make new product formulations to expand the areas of use of DEA and, therefore, create a high demand. Ineos Group Ltd. is a large firm that manufactures diethanolamine chemical compounds as part of its ethanolamines product line at facilities in the United States and France. The company's DEA is widely utilized in the production of detergent and soap surfactants. BASF SE, on the other hand, is a prominent chemical firm that manufactures diethanolamine for coatings, agrochemicals, and detergents in four distinct packaging methods: bulk packaging, steel barrels, composite IBC, and fiberboard boxes that meet the different consumer groups.
Further, technology enhances the production of DEA and helps form new substances. Dow Chemical Company makes diethanolamine as part of the ethanolamine chemical compound product line. It distributes it worldwide, including sample choices for consumers to evaluate the product's composition before purchasing in bulk. The industry is also boosted by eco-friendly DEA products that connect with environmental objectives. These factors combine to upsurge the DEA market expansion.
In terms of the end-user industry, construction is anticipated to be one of the fastest-growing segments in the market.
Diethanolamine is expected to increase significantly in the construction sector. The growing construction due to expansion in urbanization and infrastructure are boosting the demand for paints, varnishes, and concrete admixture products. These goods primarily use diethanolamine in their preparation. In addition, the expansion in the amount of diethanolamine-containing building chemicals like sealants and adhesives raises the market consumption.
Infrastructure is the most developed area in Great Britain within the construction subsector. Infrastructure output rose by 4.6% in 2023. The UK government also reaffirmed its plan to invest $127.4 billion in economic infrastructure from 2022-23 to 2024-25. Further, government statistics disclosed by the US Census Bureau create aggregate permits of 14,40,000 for April 2024 and completions of new one-unit residential constructions correspondingly equal 16,23,000. In conclusion, increasing construction activities increases the need for diethanolamine in the process, promoting its industry use.
Asia Pacific’s Diethanolamine market is anticipated to grow significantly.
Asia Pacific’s diethanolamine market is expected to develop as the personal care sector expands. India expanded the cosmetics and personal care industry by creating new firms and brands. The overall Indian cosmetics industry mainly encompasses skin care, hair care, oral care, fragrances, and color cosmetics. The market share is estimated to reach $20 billion by 2025, with a compound annual growth rate (CAGR) of 25%. On the other hand, the worldwide cosmetics business is rising at a 4.3% CAGR and is expected to reach US$ 450 billion by 2025, mainly in regions like India, Japan, and South Korea.
In addition, the growth of large chemical businesses, including Mitsubishi Chemical Holdings, Toray Industries, and Reliance Industries, is bound to popularize the use of diethanolamine as a chemical intermediary in their manufacturing.
Besides, the increasing purchase of agrochemicals required in Asian countries in agriculture operations is stretching the market for diethanolamine, given that DEA is used to manufacture glyphosate, eradicating unwanted vegetation on plantations. According to the National Bureau of China, the chemical fertilizer consumption in 2023 was 5021.7 ten thousand tonnes. Owing to its widespread usage in different industries, the diethanolamine market in the Asia Pacific is expected to grow swiftly.
In February 2023, Nippon Shokubai Co., Ltd. obtained ISCC PLUS certification1 for 19 products, including acrylic acid, superabsorbent polymers, and ethylene oxide, manufactured at its Himeji and Kawasaki plants.
In July 2022, Dow and the Al-Hejailan Group signed a Memorandum of Understanding (MoU) to create a joint venture to design, build, and manage a methyl diethanolamine (MDEA) facility at the PlasChem Park in Jubail, Kingdom of Saudi Arabia. Dow and Al-Hejailan's joint venture helped them fulfill the rising demand for natural gas purification in Saudi Arabia and throughout the Middle East.
| Report Metric | Details |
|---|---|
| Forecast Unit | Billion |
| Growth Rate | 3.87% |
| Study Period | 2019 to 2029 |
| Historical Data | 2019 to 2022 |
| Base Year | 2023 |
| Forecast Period | 2024 – 2029 |
| Segmentation | Application, End-User Industry, Geography |
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies |
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By Application
Chemical Intermediate
Paints and Coatings
Metalworking Fluids
Textile Additives
Gas Treatment
Others
By End-User Industry
Pharmaceutical
Personal Care & Cosmetics
Construction
Agriculture
Paints & Coatings
Oil & Gas
Others
By Geography
North America
United States
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of the Middle East and Africa
Asia-Pacific
China
India
Japan
South Korea
Taiwan
Thailand
Indonesia
Rest of Asia-Pacific