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N-methyl Diethanolamine (mdea) Market

N-Methyl Diethanolamine (MDEA) Market

N-Methyl Diethanolamine (MDEA) Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

180

Base Year:

2023

Date

May - 2024

Format:

PDF XLS PPT

Report Code:

VMR-VMR-2021-0251

Segments Covered
  • By Product Type By Product Type N-MDEA 95%, N-MDEA 97%, N-MDEA 99%, Others
  • By End User By End User Oil & Gas, Textile, Paint & Coatings, Medical & Pharmaceutical, Others
  • By Region By Region North America, Asia Pacific, Europe, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2023
Forecast YearsForecast Years: 2024 - 2032
Historical YearsHistorical Years: 2018 - 2022
Revenue 2023Revenue 2023: USD 715 Million
Revenue 2032Revenue 2032: USD 1150 Million
Revenue CAGRRevenue CAGR (2024 - 2032): 5.5%
Fastest Growing Region Fastest Growing Region (2024 - 2032) Europe
Largest Region Largest Region (2023): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
N-Methyl Diethanolamine (MDEA) Market Share

The global N-Methyl Diethanolamine (MDEA) Market is valued at USD 715 Million in 2023 and is projected to reach a value of USD 1150 Million by 2032 at a CAGR (Compound Annual Growth Rate) of 5.5% between 2024 and 2032.

Key Highlights of N-Methyl Diethanolamine (MDEA) Market

  • Asia Pacific mainly led the N-Methyl Diethanolamine (MDEA) market in 2023, with 36.5% of the total market share
  • In 2023, Europe accounted 30.2% of market share and is projected to witness fastest growth from 2024 to 2032
  • In 2023, the N-MDEA 99% segment took the lead in the market, contributing a 55.2% extensive revenue share
  • The Oil & Gas segment accounted for the highest growth in 2023, i.e., 56.4% of market share
  • Beyond traditional gas treatment, MDEA is finding use in other sectors, such as pharmaceuticals and personal care products, which broadens its market potential

N-Methyl Diethanolamine (MDEA) Market Size, 2023 To 2032 (USD Million)

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N-Methyl Diethanolamine (MDEA) Market: Regional Overview

In 2023, the Asia Pacific N-Methyl Diethanolamine (MDEA) market held a significant share with 36.5% of revenue. The Asia Pacific N-Methyl Diethanolamine (MDEA) market is experiencing robust growth, driven by the rapid industrialization and urbanization in countries like China and India. The expansion of the oil & gas sector in this area is driven by a high energy demand, leading to increased use of MDEA for gas processing and refining processes. Additionally, the abundance of natural resources and low manufacturing costs make Asia Pacific a major player in the global MDEA market. The region's regulatory emphasis on environmental sustainability also supports the use of MDEA in energy-related applications.

The global N-Methyl Diethanolamine (MDEA) market can be categorized as Product Type, End User, and Region.

Parameter Details
Segments Covered

By Product Type

  • N-MDEA 95%
  • N-MDEA 97%
  • N-MDEA 99%
  • Others

By End User

  • Oil & Gas
  • Textile
  • Paint & Coatings
  • Medical & Pharmaceutical
  • Others

By Region

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • BASF SE
  • DowDuPont Inc.
  • INEOS Group Limited
  • Huntsman Corporation
  • Eastman Chemical Company
  • Amines & Plasticizers Ltd.
  • Advance Petrochemicals Ltd.
  • Sintez OKA Group of Companies
  • Maoming Yunlong Industrial Development Co. Ltd.
  • Jiangsu Taihu New Materials Holding (Yancheng) Co. Ltd.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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N-Methyl Diethanolamine (MDEA) Market: Product Type Overview

In 2023, major growth was observed in the Global N-Methyl Diethanolamine (MDEA) market within the N-MDEA 99% segment, commanding a market share of 55.2%. The Product Type segment is divided intoN-MDEA 95%, N-MDEA 97%, N-MDEA 99%, and Others. The 99% N-methyldiethanolamine (N-MDEA) segment in the global N-methyldiethanolamine market represents a high-purity version of this alkanolamine, commonly used in gas treatment applications, particularly in removing hydrogen sulfide and carbon dioxide from natural gas and refinery gases. The demand for this grade is driven by the rising need for cleaner fuels and more efficient gas processing technologies. Its high purity ensures effective performance in critical applications, making it the preferred choice in industries such as oil and gas, chemicals, and petrochemicals. Growth in the global N-MDEA market is propelled by increased energy demands and stringent environmental regulations.

N-Methyl Diethanolamine (MDEA) Market: End User Overview

There was a major growth in the Oil & Gas segment in 2023, over 56.4% of the market share. Based on the Sales Channel, the N-Methyl Diethanolamine (MDEA) market is segmented into Oil & Gas, Textile, Paint & Coatings, Medical & Pharmaceutical, and Others. The oil & gas segment is a major driver of the global N-Methyl Diethanolamine (MDEA) market, owing to its role in gas treatment and refining processes. MDEA is widely used for gas sweetening, where it efficiently removes impurities like hydrogen sulfide (H2S) and carbon dioxide (CO2) from natural gas. This process is vital in meeting regulatory requirements and ensuring safety in natural gas production and distribution. As the oil & gas industry seeks to improve environmental compliance and process efficiency, the demand for high-quality MDEA continues to grow. The shift toward cleaner energy sources and stricter emission standards further emphasizes MDEA's role in this sector.

Key Trends

  1. Demand for MDEA is driven by the growing need for gas treatment, particularly in natural gas & oil refineries, particularly in natural gas and oil refining plants. Due to the effective removal of impurities such as hydrogen sulfide and carbon dioxide, it is a widely used choice in the power sector.
  2. Industry is being encouraged to adopt more environmentally sound processes and materials as a result of stringent Environmental Regulations. In line with these regulatory trends, MDEA plays an important role in reducing harmful emissions and increases its demand.
  3. The Asia Pacific region, mainly China and India, is leading in MDEA consumption, fueled by rapid industrialization, urbanization, and a growing need for cleaner energy sources.
  4. Innovations in gas treatment technologies are contributing to more efficient and effective use of MDEA, further expanding its global market scope.
  5. Mergers & acquisitions among leading players in the chemical industry are shaping the market landscape, enhancing production capacity, and driving competitive strategies.

Premium Insights

The Global N-Methyl Diethanolamine (MDEA) Market is experiencing highest growth owing to its augmenting applications across various industries. In the pharmaceutical area, MDEA is crucial for synthesizing anti-malarial and anti-cancer drugs, such as dasatinib, used to treat Chronic Myeloid Leukemia (CML) and Acute Lymphoblastic Leukemia (ALL). This increasing demand for pharmaceuticals, driven by the rising prevalence of diseases, fuels MDEA market growth. Concurrently, the increasing use of natural gas for power generation and industrial applications where MDEA plays a major role in gaseous sweetening processes to remove impurities such as carbon dioxide and hydrogen sulfide is benefiting the market. This trend is reinforced by the stringent environment regulations and a worldwide shift to greener energy sources, which emphasizes MDEA's importance for reducing greenhouse gas emissions.

Report Coverage & Deliverables

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Market Dynamics

The Global N-Methyl Diethanolamine (MDEA) Market has experienced significant growth, driven by its application in chemical and petrochemical industries, particularly for decarburization and desulfurization processes. Jiangsu Taihu New Materials Holding (Yancheng) Co. Ltd. pioneered the development of MDEA in China, earning a strong reputation for its low-cost, high-efficiency solutions in over 100 large-scale chemical fertilizer plants, medium-sized nitrogenous fertilizer plants, and petrochemical corporation refineries. With a production capacity of 5,000 tons annually, the company's product portfolio includes innovative decarburization and desulfurization solvents, resulting in industry-leading quality and recognition, such as the gold medal at the Seventh China New Technology & New Products Expo. The company's comprehensive service package, including design, process technology, and operation commissioning, along with competitively priced MDEA, has positioned it as a trusted partner for China National Petroleum Corporation and China Petrochemical Corporation.

The global N-Methyl Diethanolamine (MDEA) market witnessed significant growth driven by a strategic co-investment agreement. "Samruk-Kazyna" has partnered with "RUSNANO Management Company" LLC and "Sintez-Capital" LLC, securing 14 billion rubles to create a platform for joint chemical projects in the Republic of Kazakhstan and the Russian Federation. The cooperation will lead to the construction of plants and companies dedicated to producing oilfield chemicals and specialized absorbents using MDEA in both countries, with a view to opening new chemical production facilities there. The initiative aims to address the growing demand for high-efficiency MDEA-based sorbents, which are essential for purifying natural and process gases by removing acidic impurities. Moreover, the project contributes to developing infrastructure and innovative solutions for capturing and utilizing carbon dioxide (CO2), aligning with environmental sustainability goals and industry needs for cleaner processes.

Competitive Landscape

The competitive landscape of the global N-Methyl Diethanolamine (MDEA) market is characterized by a mix of large multinational corporations and regional players. Key companies like BASF SE, The Dow Chemical Company, and Huntsman Corporation dominate, offering a wide range of chemical products including MDEA. To maintain their competitive edge, these market players focus on innovation, strategic collaborations, extensive distribution networks. Smaller regional players, however, play a significant role, catering to local markets with flexible supply chains and customized solutions. The competitive environment fosters ongoing research & development, partnerships, and market expansion to meet the evolving demand for MDEA.

FAQ
Frequently Asked Question
  • The global N-Methyl Diethanolamine (MDEA) valued at USD 715 Million in 2023 and is expected to reach USD 1150 Million in 2032 growing at a CAGR of 5.5%.

  • The prominent players in the market are BASF SE, DowDuPont Inc., INEOS Group Limited, Huntsman Corporation, Eastman Chemical Company, Amines & Plasticizers Ltd., Advance Petrochemicals Ltd., Sintez OKA Group of Companies, Maoming Yunlong Industrial Development Co. Ltd., Jiangsu Taihu New Materials Holding (Yancheng) Co. Ltd..

  • The market is project to grow at a CAGR of 5.5% between 2024 and 2032.

  • The driving factors of the N-Methyl Diethanolamine (MDEA) include

  • Asia Pacific was the leading regional segment of the N-Methyl Diethanolamine (MDEA) in 2023.