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Global Methyl Diethanolamine Market insight 2022-02-11 Comments

The Methyl Diethanolamine is forecast to smooth over the next few years. According to the WK-chem Research “Global Methyl Diethanolamine Professional Survey Report 2022, Forecast to 2027”, with the increasing demand of the liquid removal process industry,the Methyl Diethanolamine industry is developing at an incredible speed. According to the WK-chem regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 6.00%.
Analysts’ Viewpoint:
“The use of Methyl Diethanolamine technology in the manufacture and use of liquid removal process is expected to provide various opportunities for market growth, Senior analyst, Chemical & Material Market Research Center in WK-chem.” It is expected that during the forecast period, the petroleum and natural gas industry will dominate the global Methyl Diethanolamine market.”
Market insight:
Gas processing technology has developed rapidly, and now, natural gas has become one of the cleanest fossil fuels. However, liquid scavenging is required to remove impurities, including H2S and CO2. Typically, alkanolamines such as Methyl Diethanolamine are widely used in regenerative H2S removal processes, which in turn increases the global demand for Methyl Diethanolamine. In the current context, Methyl Diethanolamine is widely used in a range of vertical industries, such as oil and gas, textiles, paints and coatings, and medical. The growing application of Methyl Diethanolamine in these end-use industries is expected to drive the Methyl Diethanolamine market.
Competition Landscape:
This WK-chem market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Methyl Diethanolamine companys that include Eastman Chemical Company, The Dow Chemical Company, BASF SE, Huntsman Corporation, Amines & Plasticizers Ltd .etc.
Segmentation of Methyl Diethanolamine Market:
On the basis of product type, the methyldiethanolamine market is further segmented into MDEA 95%, MDEA 97%, MDEA 99%, and others. MDEA is 99% dominant and can remove carbon dioxide from synthetic ammonia with the participation of an activator. In addition, it can also be used as pesticides, emulsifiers, semi-finished products of fabric auxiliaries, intermediates of antitumor drug nitrogen mustard hydrochloride, catalysts of urethane coatings, fiber auxiliaries, etc. Drying agent. On the basis of application, the methyldiethanolamine market is further segmented into oil & gas, textile, medical, paints & coatings, and others. The oil and gas sector constitutes a major share of the global MDEA market. The segment is expected to continue to dominate over the forecast period owing to the widespread use of MDEA in gas handling applications. MDEA is used in processes in refineries, petrochemical plants and natural gas processing plants, and in gas processing processes in the oil and gas industry.
Methyl Diethanolamine Market: Regional Analysis
In terms of geography, the global Methyl Diethanolamine market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia Pacific dominates the global MDEA market. India and China are major producers and consumers of MDEA. Expansion of industries such as paints and coatings, textiles, and oil and gas in Asia Pacific is a key factor increasing the demand for MDEA. China’s MDEA market is dominated by a number of oil and gas companies, including Sinopec, Shaanxi Yanchang Petroleum, and China National Petroleum Corporation. An increase in the number of oil and gas companies is expected to drive the installation of gas treatment process units to control emissions levels in the atmosphere. This, in turn, is expected to drive the demand for MDEA as a solvent for CO2 and H2S absorption.
Cagr: 6.00%
Largest share area:Asia-Pacific
Largest share country:China
Product Type:MDEA 95%, MDEA 97%, MDEA 99%
Application:oil & gas, textile, medical, paints & coatingsLeading Company:Eastman Chemical Company, The Dow Chemical Company, BASF SE, Huntsman Corporation, Amines & Plasticizers Ltd