Diethylenetriamine Market is segmented by Purity (Less than 95%, 95% – 99%, More than 99%); by Application (Lube Oil Additives, Fuel Additives, Polyamide Resins, Corrosion Inhibitors, Chelating Agents, Additives, Wet-Strength Resins, Surfactants, Epoxy Curing Agents, Ion Exchange Resins, Others); by End Use (Adhesive & Sealant, Paper, Water Treatment, Oil, Automotive, Textile, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2023-2032
Diethylenetriamine Market Overview
The global diethylenetriamine market was valued at USD 172.6 billion in 2023. The market is expected to expand at a CAGR of 4.5% from 2023-2032, and is expected to cross value of USD 268.3 billion by the end of 2032.
Diethylenetriamine (DETA) is known to have the chemical formula HN(CH2CH2CH2)2. The chemical compound with IUPAC name 2,2’-Iminodi(ethylamine) a colorless hygroscopic liquid in which water and polar organic solvents are soluble. The diethylene glycol structural equivalent chemical compound has chemical characteristics similar to ethylene diamine, but is also a weak base with an alkaline aqueous solution. The growing demand for the chemical from various end-use industries, such as personal care, petrochemical, and paper pulp among others is one of the major factors predicted to drive the growth of the diethylenetriamine market. BASF SE, Huntsman Corporation, and Diamines and Chemicals Ltd.are some of the significant parties in the market for diethylenetriamine.
Diethylenetriamine Market Drivers
Some key drivers for the diethylenetriamine market are:
- Growing Oil & Gas Industry: Owing to the increasing demand for energy worldwide, the oil and gas industry is also witnessing a steepened growth. This industry faces a major challenge with corrosion, and is hence raising the need for corrosion inhibitors. As diethylenetriamine is widely being used as corrosion inhibitor, hence, such a factor is expected to boost the market growth in the coming years.
- Growing Use of Diethylenetriamine in the Automotive Industry: The production of automobiles globally is increasing at a rapid pace. With this, the need for producing various resins, additives, and oils for use in vehicles, is also increasing. As diethylenetriamine is widely used in the automotive industry, such a factor is predicted to contribute to the market growth.
- Increasing Demand for DETA from Rubber Industry: In the rubber industry, DETA is used as a curing agent and as accelerators during the chemical production process of rubber. With the increasing in rubber production, the demand for the chemical is also projected to increase.
- Rapid Use of DETA in Textile Industry: Modern textile industry is based on using advanced chemicals for the production of textiles. One such chemical which is widely being used for textile printing is diethylenetriamine as the chemical helps in faster dyeing processes and for having better colorfastness properties.
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Diethylenetriamine Market Challenges
Some challenges facing the diethylenetriamine market are:
- High Cost of Diethylenetriamine: The price of diethylenetriamine is usually very high due to the fluctuating price of the raw materials, as well as the complicated manufacturing process. Due to its high price, the demand for the product is severely hampered, and in turn, acts as a limiting factor for the market growth.
- Health Issues Associated with Diethylenetriamine: Researchers have found that diethylenetriamine causes severe skin burns and eye damage and is also harmful if swallowed. The chemical also may cause allergic skin reaction if it comes in contact with the skin. Owing to such factors, the handling of the chemical remains a challenge for the workers, thereby impacting negatively towards the market growth.
- Stringent Government Regulations: The restrictions imposed on the use of hazardous substances by the regulatory bodies is also expected to limit the market growth.
Diethylenetriamine Market Segmentation
Segmentation of diethylenetriamine market are:
- By Purity
- Less than 95%
- 95% – 99%
- More than 99%
- By Application
- Lube Oil Additives
- Fuel Additives
- Polyamide Resins
- Corrosion Inhibitors
- Chelating Agents
- Additives
- Wet-Strength Resins
- Surfactants
- Epoxy Curing Agents
- Ion Exchange Resins
- Others
- By End Use
- Adhesive & Sealant
- Paper
- Water Treatment
- Oil
- Automotive
- Textile
- Others
- By Region
- North America (U.S., and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe)
- Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
- Latin America (Mexico, Argentina, Rest of Latin America)
- Middle East and Africa
Diethylenetriamine Market: Report Scope |
|
|
Base Year |
2023 |
|
Base Year Market Size |
USD 172.6 Billion |
|
Forecast Year |
2023-2032 |
|
Forecast Year Market Size |
USD 268.3 Billion |
|
CAGR Value |
4.5% |
|
Segmentation |
|
|
Challenges |
|
|
Growth Drivers |
|
Timeline considered for all these studies will be:
2023 – Base Year
2023 – Estimated Year
2023-2032 – Forecast Period
Diethylenetriamine Market Regional Synopsis
The Asia Pacific diethylenetriamine market is projected to hold the largest market share during the forecast period owing to the growing automotive and paper & pulp industry, where the chemical is widely being used. The region holds some of the largest automotive manufacturing companies for which various resins, additives, and oils needs to be produced, thereby raising the demand for the chemical compound.
On the other hand, the market in Middle East & Africa is expected to grab a significant market share, supported by the expanding oil & gas sector in the region, and their need for corrosion inhibitors. The region is known to be the largest exporters of oil and gas products worldwide. Owing to the presence of a network of pipelines that transfers these products, the need for corrosion inhibitors, such as DETA, is on the rise among the oil and gas transportation service providers.
Diethylenetriamine Market Key Players
Some key players in the diethylenetriamine market are:
- BASF SE
- Huntsman Corporation
- Diamines and Chemicals Ltd.
- AkzoNobel N.V.
- Tosoh Corporation
- Delamine
- Arabian Amines Company
- Sigma-Aldrich Co. LLC
- Bluefield International
- The Dow Chemical Company
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- Publication date: 22nd February 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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