The Asia Pacific Ethyleneamines Market would witness market growth of 5.1% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 2,609.71 hundred tonnes, showcasing a growth of 17.5% (2020-2023).
Primarily, the market encompasses key types such as ethylenediamine (EDA), diethylenetriamine (DETA), triethylenetetramine (TETA), and tetraethylenepentamine (TEPA). Ethylenediamine, the simplest form, serves as a precursor in the production of various chemicals, including chelating agents and fungicides. Thus, the Australia market utilized 109.07 hundred tonnes of ethylenediamine by type in 2023.
The China market dominated the Asia Pacific Ethyleneamines Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $455.7 million by 2031. The India market is registering a CAGR of 5.4% during (2024 - 2031). Additionally, The Japan market would showcase a CAGR of 4.7% during (2024 - 2031).
Ethylene (-CH2CH2-) connections between amine groups characterize ethyleneamines as a class of amine groups. These chemicals are often colourless, low viscosity liquids with a fishy amine odour. Ethyleneamines are used as curing agents in the production of adhesives and sealants.
Additionally, it facilitates the cross-linking of polymers, providing strength and durability to the final product. Ethyleneamines act as curing agents and additives in coatings and paints, improving adhesion, hardness, and chemical resistance.
The Asia Pacific region is a major hub for manufacturing active pharmaceutical ingredients (APIs) and pharmaceutical intermediates. Ethyleneamines synthesize various APIs, including antihistamines, antifungals, and anticancer drugs in Asia Pacific. The growing pharmaceutical manufacturing sector in Asia Pacific drives the demand for ethyleneamines as key raw materials in API production.
Free Valuable Insights: The Global Ethyleneamines Market is Predict to reach USD 3.3 Billion by 2031, at a CAGR of 5%
Based on Type, the market is segmented into Ethylenediamines, Diethylenetriamine, Triethylenetetramine, and Others. Based on Application, the market is segmented into Curing Agents, Chelating Agents, Corrosion Inhibitors, Lube Oil & Fuel Additives, Processing Aids/Additives, Textile Additives, and Others. Based on End-use, the market is segmented into Resin, Paper, Adhesive, Automotive, Water Treatment, Pharmaceuticals, Personal Care, Agro Chemicals, and Textile Chemicals & Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By End-use (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Country (Volume, Hundred Tonnes, USD Billion, 2020-2031)
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