2-(2-Aminoethoxy) Ethanol, also known as diglycolamine, is a specialty amine used as an amine solvent in gas treating for removing hydrogen sulfide, carbon dioxide, and carbonyl sulfide, as well as in electronics stripper solutions, metalworking coolants/lubricants, and as an intermediate in agrochemicals and polyurethane foam insulation. The market is a niche segment within the specialty chemicals industry, characterized by its critical applications in energy, electronics, and industrial sectors. The global market is projected to reach USD 35-70 million by 2025, with a CAGR of 3.2%-6.2% through 2030, driven by demand for gas treatment and electronics applications, moderated by production constraints and regulatory pressures.
The market is supported by significant production expansions, notably Anhui Haoyuan Chemical Group’s capacity increase from 2,200 tons in 2020 to 4,400 tons in 2023, with a planned 12,000-ton total capacity (including 9,600 tons of 2-(2-Aminoethoxy) Ethanol and 2,400 tons of morpholine byproduct) by 2025. Nanjing Meiside’s 5,733-ton project and Fujian Yuechun’s 420-ton facility further highlight growth in China. The market’s dynamics are shaped by energy sector needs and technological advancements in electronics and metalworking.
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The market is supported by significant production expansions, notably Anhui Haoyuan Chemical Group’s capacity increase from 2,200 tons in 2020 to 4,400 tons in 2023, with a planned 12,000-ton total capacity (including 9,600 tons of 2-(2-Aminoethoxy) Ethanol and 2,400 tons of morpholine byproduct) by 2025. Nanjing Meiside’s 5,733-ton project and Fujian Yuechun’s 420-ton facility further highlight growth in China. The market’s dynamics are shaped by energy sector needs and technological advancements in electronics and metalworking.
Market Size and Growth Forecast
The 2-(2-Aminoethoxy) Ethanol market is expected to achieve a valuation of USD 35-70 million by 2025, with a CAGR of 3.2%-6.2% through 2030. This robust growth is driven by rising demand for gas treating solutions in the energy sector and electronics stripper solutions, supported by industrial and technological trends. The market benefits from capacity expansions, but growth is tempered by competition from alternative amines, regulatory constraints, and the niche nature of applications. The higher CAGR reflects the compound’s critical role in high-growth sectors.Regional Analysis
The market varies regionally, driven by energy and electronics demands.- Asia Pacific: Growth is estimated at 3.5%-6.5%. China dominates, supported by Anhui Haoyuan and Nanjing Meiside’s capacities. Trends include expanding gas treatment and electronics sectors.
- North America: Growth ranges from 2.8%-5.5%. The United States drives demand through gas treating and metalworking. Trends focus on energy efficiency and innovation.
- Europe: Growth is projected at 3.0%-5.8%. Germany and the UK utilize the compound in industrial applications. Trends emphasize sustainable solutions.
- Rest of the World: Growth is estimated at 2.5%-5.0%. The Middle East shows potential in gas treating, with trends tied to energy growth.
Application Analysis
The compound serves multiple applications.- Gas Treating: Growth is estimated at 3.5%-6.5%. It removes acidic gases, driven by energy needs. Trends focus on efficiency.
- Electronics Stripper Solution: Growth ranges from 3.2%-6.0%. It supports electronics manufacturing, with trends in precision applications.
- Metalworking: Growth is projected at 2.8%-5.5%. It enhances coolants, with demand in machining. Trends emphasize performance.
- Others: Growth ranges from 2.5%-5.0%. Niche uses in agrochemicals and foams maintain demand, with trends in specialty applications.
Key Market Players
The market is driven by key producers.- Huntsman: Huntsman supplies the compound for gas treating and industrial uses, focusing on performance.
- BASF: BASF offers it for diverse applications, emphasizing sustainability.
- Alkyl Amines Chemicals Limited: An Indian firm, it serves regional markets.
- Anhui Haoyuan Chemical Group: With a planned 12,000-ton capacity, it dominates in China.
- Nanjing Meiside New Material Co. Ltd.: Its 5,733-ton project strengthens supply.
- B-FCTL Co. Ltd.: A regional player, it supports industrial applications.
Porter’s Five Forces Analysis
The competitive landscape is assessed using Porter’s Five Forces.- Threat of New Entrants: Low to Moderate. High technical barriers limit entry, though demand could attract niche players.
- Bargaining Power of Suppliers: Moderate. Raw material suppliers influence costs, but producers mitigate this through scale.
- Bargaining Power of Buyers: Moderate to High. Industrial buyers demand quality, exerting pressure due to limited suppliers.
- Threat of Substitutes: Moderate. Alternative amines compete, but the compound’s properties sustain its position.
- Industry Rivalry: Moderate. Competition focuses on quality and capacity.
Market Opportunities and Challenges
Opportunities
- Rising energy sector needs drive gas treating demand.
- Electronics manufacturing growth supports stripper solution applications.
- Capacity expansions in Asia Pacific strengthen supply.
Challenges
- Competition from alternative amines limits market share.
- Regulatory pressures increase compliance costs.
- Limited market size constrains scalability.
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Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Trading Analysis
Chapter 9 Historical and Forecast 2-(2-Aminoethoxy) Ethanol Market in North America (2020-2030)
Chapter 10 Historical and Forecast 2-(2-Aminoethoxy) Ethanol Market in South America (2020-2030)
Chapter 11 Historical and Forecast 2-(2-Aminoethoxy) Ethanol Market in Asia & Pacific (2020-2030)
Chapter 12 Historical and Forecast 2-(2-Aminoethoxy) Ethanol Market in Europe (2020-2030)
Chapter 13 Historical and Forecast 2-(2-Aminoethoxy) Ethanol Market in MEA (2020-2030)
Chapter 14 Summary For Global 2-(2-Aminoethoxy) Ethanol Market (2020-2025)
Chapter 15 Global 2-(2-Aminoethoxy) Ethanol Market Forecast (2025-2030)
Chapter 16 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- Huntsman
- BASF
- Alkyl Amines Chemicals Limited
- Anhui Haoyuan Chemical Group
- Nanjing Meiside New Material Co. Ltd.
- B-FCTL Co. Ltd.
