The North America Ethyleneamines Market would witness market growth of 4.7% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 717.37 hundred tonnes, showcasing a growth of 17.2% (2020-2023).
In the automotive sector, curing agents are integral to the production of coatings, adhesives, and sealants, offering excellent adhesion properties and resistance to harsh environmental conditions, thereby ensuring durability and longevity of automotive components. Thus, the US market utilized 208.14 hundred tonnes of ethyleneamines by Curing Agents application in 2023.
The US market dominated the North America Ethyleneamines Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $510.2 million by 2031. The Canada market is experiencing a CAGR of 5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.7% during (2024 - 2031).
It is used as softeners and finishing agents in the textile industry to impart desirable properties such as softness, antistatic properties, and wrinkle resistance to fabrics. They are also employed as fuel additives to improve the performance and efficiency of gasoline and diesel engines.
Moreover, it helps reduce emissions, prevent corrosion, and enhance fuel combustion. Water treatment, metalworking, and oil and gas are among the sectors that employ ethyleneamines as corrosion inhibitors.
As per the International Trade Administration (ITA), in the first half of 2022, the Canadian cosmetics industry was the fastest-growing industry in the country. In 2022, Canada’s personal care and beauty sector earned around $11 billion in revenue. Canada has witnessed a growing trend towards personal grooming and wellness, driven by rising disposable income, changing lifestyles, and increased health and hygiene awareness.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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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