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Diethylamine Market Overview
Diethylamine Market size is forecasted to grow at a CAGR of 3.9% during the forecast period 2022-2027. Diethylamine (DEA) is a secondary amine in the dialkylamine class that is derived from bio-ethanol, a renewable resource. The beneficial properties of diethylamine such as superior solubility in water and ethanol, higher environmental sustainability, and more makes its use ideal in various end-use industries such as textile, water and wastewater, and other such industries. The Diethylamine Market is primarily driven by the growth of the medical and healthcare sector. In addition to this, the surging application of diethylamine in the manufacturing of chemicals such as hydrogen cyanide, carbon disulfide, dipotassium phosphate, and more are expected to benefit the global diethylamine industry growth during the projected forecast period.
Diethylamine Market COVID-19 Impact
The Covid-19 pandemic resulted in revenue losses for the Diethylamine Market as the major economies of the world were under lockdown. This resulted in supply chain disruption, which impacted the imports and exports of diethylamine. For instance, according to the International Trade Centre, in 2019, the global imports of diethylamine were US$4.75 million, and in 2020 it was US$4.01 million, a decline of 18.45%. Additionally, in 2019, the worldwide exports of diethylamine were US$3.3 million, and in 2020 it was US$2.02 million, a decline of 63.4%. Thus, such a decline in exports and imports of diethylamine resulted in revenue losses for the Diethylamine Market. However, the various government measures to revive the industries including industrial stimulus packages, ease in lockdown regulations, and more resulted in Diethylamine Market growth. Moreover, it is expected that during the upcoming years the impact of Covid-19 will be phased out. Hence, this will result in the Diethylamine Market growth scenario before the pre-Covid time.
Report Coverage
The report: "Diethylamine Market–Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Diethylamine Market.
Key Takeaways
- Asia-Pacific region dominated the Diethylamine Market, owing to the growing medical and healthcare industry in the region. For instance, according to the India Brand Equity Foundation (IBEF), in the year 2020, the healthcare sector was valued at US$194 billion, an increase of about 21.25% when compared with the year 2017.
- The growing government initiatives towards the development of wastewater treatment projects is resulting in increasing demand for diethylaminoethanol chemical, which utilizes diethylamine, thereby, creating a global market growth opportunity.
- Moreover, the surging utilization of diethylamine in the textile industry is benefiting the Diethylamine Market growth.
- Nevertheless, diethylamine is listed as a hazardous substance, owing to this there are limited product developments, which is creating a major roadblock to the growth of the market.
The pharmaceuticals intermediate segment held a significant share in the Diethylamine Market in 2021 and is forecasted to grow at a CAGR of 4.2% during the forecast period 2022-2027. Diethylamine is used as an intermediate in various topical medicinal formulations, particularly those containing diclofenac and acetylsalicylic acid. Moreover, diethylamine is employed in such compositions to improve the antipyretic anti-inflammatory analgesic's transdermal absorption. The increasing cases of accidents due to road misshape, industrial accidents, and more are resulting in the surging demand for painkillers, ointments, and more. For instance, in June 2021, World Health Organization (WHO) released the official statistics which state that about 20 to 50 million people suffer non-fatal inquiries across the world due to road accidents. Thus, the surging pharmaceuticals industry is expected to boost the application of diethylamine as a pharmaceutical intermediate.
Diethylamine Market Segment Analysis – By End-Use Industry
The medical and healthcare segment held a significant share in the Diethylamine Market in 2021 and is forecasted to grow at a CAGR of 4.8% during the forecast period 2022-2027. In the medical and healthcare sector diethylamine is used in medical and healthcare for the production of ointments, painkillers, tables, and more. Diethylamine has properties such as pain relief agents, anti-inflammatory, and more, which makes its use ideal in medical and healthcare. Due to the increasing patient hospitalization rate at the global level, the demand for medicines in healthcare organizations is increasing. For instance, according to a recent report published on JAMA Network, global demand for medications, including painkillers from public hospitals surged in 2020. Hence, such surging demand for medicines from the healthcare sector is expected to increase the demand for diethylamine, which is propelling the market growth.
Diethylamine Market Segment Analysis – By Geography
Asia-Pacific region is the dominating region as it holds the largest share in the Diethylamine Market in 2021 up to 42%and is forecasted to grow at a CAGR of 5.1% during the forecast period 2022-2027. The economic growth of the Asia-Pacific countries is driven by the sectors such as medical and healthcare, paints and coatings, and more. The reasons, including an aging population, a growing middle class, an increasing proportion of lifestyle diseases, and an increased emphasis on public-private partnerships, are driving the rise of the medical and healthcare sector growth in the Asia-Pacific region. For instance, according to the India Brand Equity Foundation (IBEF), the healthcare market in India is predicted to reach US$372 billion by 2022, driven by rising income, improved health awareness, lifestyle diseases, and more. Moreover, according to the International Trade Administration, the pharmaceuticals market in Vietnam is expected to grow by a 10% annual rate from 2017 to 2028, with revenues per capita virtually tripling in ten years from 2017 to 2027. Therefore, the surging medical and healthcare sector in the Asia-Pacific region is expected to fuel the demand for diethylamine, which in turn is accelerating the market growth during the forecast period.
Diethylamine Market Drivers
Increasing Government Initiatives for Textile Industry
Dyes and resins utilize diethylamine to make the dyes resins more environmentally sustainable, and dyes and resins are used in textile manufacturing. To promote sustainable growth, modernization, value addition, increased exports, and general development of the textile sector, federal governments all over the world are implementing steps. For instance, the European Union 2030 Vision for Textiles strategy intends to make the textile industry greener, more competitive, and more resilient to global shocks. Moreover, all textile items placed on the EU market are long-lasting, repairable, and recyclable, made to a large degree of recycled fibers, free of harmful compounds, and manufactured concerning social rights and the environment. Also, the federal government of African countries has launched multiple initiatives to build new textile factories across the region to increase textile productivity in the region. These initiatives aim at increasing the production of the textile and apparel sector in Africa by 2030. Thus, such initiatives will boost the textiles production, and the demand for resins and dies will increase, which is expected to drive the market growth for the Diethylamine Market during the forecast period.
Wastewater Treatment Projects
Diethylamine is employed in the manufacturing of the cleaning chemical diethylaminoethanol to enhance its corrosion inhibitor properties, which is critical for water treatment facilities. Hence, the use of diethylamine in wastewater treatment chemicals acts as a superior cleaning agent. The global level wastewater treatment projects are surging to ensure safe disposal of wastewater, multiple uses of water in industrial facilities, and more. For instance, the construction of the Philippines Aglipay Sewage Treatment Plant in Mandaluyong began in 2020. It will meet stringent national standards that go beyond EU requirements in terms of reducing negative effects on Manila Bay and the Pasig River, as well as its environmental footprint. The project is currently under development, with a completion date of early 2024. Furthermore, the construction work for the future development wastewater treatment project the "New Upper Thompson Sanitation District Wastewater Treatment Facility" will begin in the U.S in 2023, with the development expected to be completed by 2025. Hence, such projects are fueling the demand for cleaning chemicals, which are expected to propel the demand for diethylamine, thereby driving market growth.
Diethylamine Market Challenges
Diethylamine is Listed on the Hazardous Substance List
Diethylamine is used as an intermediate, due to its higher sustainability and other factors. However, diethylamine is listed under the hazardous substance list, owing to which its use is restricted. Global organizations and companies have listed the use of diethylamine in their hazardous substance list. For instance, the New Jersey Department of Health and Senior Services has listed diethylamine under the hazardous substance list because it can cause irritation to the eyes, nose, and skin, and can cause breathing problems. Moreover, BOC, based in the U.K, Celanese, based in the U.S, and other companies have listed the diethylamine under the hazardous substance product. Therefore, there are very limited product developments in recent years related to diethylamine because it is listed under the category of hazardous substance list. This is restricting the market growth during the projected forecast period.
Global Diethylamine Industry Outlook
Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the Diethylamine Market. Global diethylamine top 10 companies are:
- Eastman
- Tianjin Zhongxin
- Xiamen Hisunny
- Neostar United
- Suzhou Ausun
- JHD Fine Chemicals
- SOMATCO
- Zhejiang Jianye
- BASF SE
- Haihang
Relevant Reports
Report Code: CMR 87791
Report Code: CMR 0277
Report Code: CMR 56420
For more Chemicals and Materials Market reports, please click here
LIST OF TABLES
1.Global Diethylamine Market, by Type Market 2023-2030 ($M)2.Global Diethylamine Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
3.Global Diethylamine Market, by Type Market 2023-2030 (Volume/Units)
4.Global Diethylamine Market Analysis and Forecast by Type and Application Market 2023-2030 (Volume/Units)
5.North America Diethylamine Market, by Type Market 2023-2030 ($M)
6.North America Diethylamine Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
7.South America Diethylamine Market, by Type Market 2023-2030 ($M)
8.South America Diethylamine Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
9.Europe Diethylamine Market, by Type Market 2023-2030 ($M)
10.Europe Diethylamine Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
11.APAC Diethylamine Market, by Type Market 2023-2030 ($M)
12.APAC Diethylamine Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
13.MENA Diethylamine Market, by Type Market 2023-2030 ($M)
14.MENA Diethylamine Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
LIST OF FIGURES
1.US Global Diethylamine Industry Market Revenue, 2023-2030 ($M)2.Canada Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
3.Mexico Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
4.Brazil Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
5.Argentina Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
6.Peru Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
7.Colombia Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
8.Chile Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
10.UK Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
11.Germany Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
12.France Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
13.Italy Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
14.Spain Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
16.China Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
17.India Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
18.Japan Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
19.South Korea Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
20.South Africa Global Diethylamine Industry Market Revenue, 2023-2030 ($M)
21.North America Global Diethylamine Industry By Application
22.South America Global Diethylamine Industry By Application
23.Europe Global Diethylamine Industry By Application
24.APAC Global Diethylamine Industry By Application
25.MENA Global Diethylamine Industry By Application