The global demand for Monoethylamine Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Monoethylamine, commonly called MEA, is a highly flammable liquid amine that is corrosive. It is largely used in the production of herbicides of the triazine type. It is also used as an intermediate in manufacturing dyes, food additives, fabric-treatment chemicals, pharmaceuticals, electronic chemicals, resins, and a stabilizer for rubber latex. It is sometimes used as a substitute for ammonia in hair dyes. Being a highly corrosive chemical, MEA is always used in closed systems. The bioaccumulation of MEA is low and can cause environmental impacts.
Market Dynamics
The growing need to increase agricultural productivity to meet global food demands will be the main market driver for MEA used in herbicides. Its vital role in the rapidly spreading electronics industry as an essential chemical will benefit market growth. The increased consumption of chemical intermediates in various end-user sectors will help the development of this market. The use of MEA as a precursor chemical in the ever-expanding pharmaceutical industry to manufacture anesthetic agents and recreational tranquilizers will boost market growth. The health hazards of workers who are continuously exposed to this chemical will hurt the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of monoethylamine.
Market Segmentation
The entire Monoethylamine market has been sub-categorized into product type, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- MEA 70%
- MEA 99.5%
- MEA 50%
By Application
- Electronic Chemicals
- Herbicides
- Other
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for monoethylamine market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Monoethylamine Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the monoethylamine market include Eastman, Xinhua Chemical, Arkema, Alkyl Amines Chemicals, Praxair, Shandong Kunda Biotechnology. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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