According to a new report published by Allied Market Research, titled, “Aminoethylethanolamine Market by Grade and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030, “The global aminoethylethanolamine market was valued at $222.5 million in 2020, and is projected to reach $357.5 million by 2030, growing at a CAGR of 4.9% from 2021 to 2030.
Aminoethylethanolamine is a high purity organic base chemical compound that is mainly used in manufacturing of oil additives.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/14155
“The global aminoethylethanolamine market is expected to possess high growth potential in the coming years, as increasing awareness for hygiene and cleanliness has surged the demand for surfactants and cleaners where aminoethylethanolamine is used as a chelating agent for preventing the deposition of minerals on metal surfaces during the manufacturing process. This may act as one of the key drivers responsible for the growth of the aminoethylethanolamine market. Furthermore, the growing population has surged the demand for a wide range of consumer products where aminoethylethanolamine is used as a chelating agent to improve the shelf-life of products may boost the market growth. In addition, aminoethylethanolamine possesses enhanced surface dynamic characteristics, such as flexible surface tension, enhanced surface enthalpy, entropy, and high absorption characteristics, that make it suitable for a wide range of applications. It is increasingly used in the development of absorbents for C”
COVID-19 analysis:
The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The aminoethylethanolamine market has been negatively impacted due to the COVID-19 pandemic, owing to its dependence on textile, automotive, and chemical industry. According to a report published by Wipro, the automotive industry witnessed 30% decline in sales in March 2020 as compared to March 2019, owing to lockdowns and shutdowns of auto plants. Several automotive companies have either shutdown or minimized their operations due to the risk of infections among the workforce where aminoethylethanolamine is used in production of lubricant. This has temporarily hampered the demand for aminoethylethanolamine amid the COVID-19 period. The falling income of customers and international travel restrictions led to contraction of the demand for aminoethylethanolamine among the aerospace sector. For instance, according to a report published by Airlines for America, the commercial airline passenger volume in September 2020 was 68% less than September 2019, affecting long-term existential threat to manufacturers, supply chain, and the entire air travel industry. COVID-19 has put a temporary break on various aircraft manufacturing projects, which, in turn, has declined the demand for aminoethylethanolamine among the aerospace & aviation sectors. In addition, the aminoethylethanolamine market has witnessed a downfall in demand among the construction sectors, owing to temporary halt on various building & construction projects amid the COVID-19 period.
Procure Complete Report (155 Pages PDF with Insights, Charts, Tables, and Figures):
https://www.alliedmarketresearch.com/checkout-final/783caca4fc5a0602e9ae85279e64f6ce
The global aminoethylethanolamine market is expected to possess high growth potential in the coming years, as increasing awareness for hygiene and cleanliness has surged the demand for surfactants and cleaners where aminoethylethanolamine is used as a chelating agent for preventing the deposition of minerals on metal surfaces during the manufacturing process. This may act as one of the key drivers responsible for the growth of the aminoethylethanolamine market. Furthermore, the growing population has surged the demand for a wide range of consumer products where aminoethylethanolamine is used as a chelating agent to improve the shelf-life of products may boost the market growth. In addition, aminoethylethanolamine possesses enhanced surface dynamic characteristics, such as flexible surface tension, enhanced surface enthalpy, entropy, and high absorption characteristics, that make it suitable for a wide range of applications. It is increasingly used in the development of absorbents for C
Want to Access the Statistical Data and Graphs, Key Players’ Strategies:
https://www.alliedmarketresearch.com/aminoethylethanolamine-market/purchase-options
Key findings of the study:
- The >99% grade is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.0% from 2021 to 2030.
- The surfactant application segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.3% from 2021 to 2030.
- Asia-Pacific garnered the highest share of 46.3% in 2020, in terms of revenue, growing at a CAGR of 5.4%
About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research