The Europe Ethyleneamines Market would witness market growth of 4.5% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 1,002.10 hundred tonnes, showcasing a growth of 16.9% (2020-2024).
Chelating agents, a vital subset of ethyleneamines, find diverse applications across various industries due to their exceptional ability to form stable complexes with metal ions. In the agricultural sector, chelating agents are extensively utilized in fertilizers to improve nutrient uptake by plants. Thus, the chelating agent’s application attained a volume of 19.98 hundred tonnes in Germany.
The Germany market dominated the Europe Ethyleneamines Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $171.5 million by 2031. The UK market is exhibiting a CAGR of 4.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 4.9% during (2024 - 2031).
Bioconjugation and protein modification approaches use ethyleneamines to produce biopharmaceuticals, antibody-drug conjugates (ADCs), and diagnostic reagents. These entities function as coupling reagents, crosslinking agents, and reactive groups to facilitate site-specific modification of biomolecules.
Additionally, ethyleneamines find applications as wet strength resins in producing specialty papers such as tissue, towel, and label papers. They serve as crosslinking agents that chemically bond with cellulose fibers, enhancing the strength and durability of paper products when wet.
The most recent data available (December 2022) from the International Trade Administration (ITA) indicates that the automotive sector generated €92.7 billion in revenue in 2022, representing 9.3% of Italy's manufacturing turnover and 5.2% of the country's GDP. Italy produced 782,629 vehicles in 2022 (including 486,111 cars, 234,798 light commercial vehicles, and 61,720 trucks and buses). In 2022, 1,335,487 new cars were registered.
Free Valuable Insights: The Global Ethyleneamines Market will Hit 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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