Diethylenetriamine Market size is forecast to reach $250 million by 2025, after growing at a CAGR of 4.05% during 2020-2025, owing to the increasing demand for diethylenetriamine as a chelating agent from various end-use industries. Diethylenetriamine is a hygroscopic liquid and an analogue of diethylene glycol. It has similar chemical behavior as ethylenediamine and has similar uses. Growing product application of diethylenetriamine as chelating agents, bleach activators, and corrosion inhibitors may boost industry size in the forecast period. Diethylenetriamine is commonly used in surfactants for their good foaming characteristics which are likely to propel the market growth. Furthermore, growing consumer awareness regarding cleanliness and hygiene has led to high demand for laundry and detergent products, which is anticipated to drive the diethylenetriamine market growth during the forecast period.
Diethylenetriamine Market Segment Analysis – By End-Use Industry
The oil & gas industry segment held the largest share in the diethylenetriamine market in 2019 and is growing at a CAGR of 5.22%, owing to the increasing demand for diethylenetriamine from the oil & gas industries. Diethylenetriamine is mainly used as a building block for wet strength resins, in the synthesis of chelating agents, industrial surfactants, and fabric softeners. Chelating agents stabilize or prevent the precipitation of damaging compounds. In the oil field, chelating agents are used in stimulation treatments and for cleaning surface facilities. They are also used to treat or remove scale or weighting agents in reservoir drilling fluids. During acid or scale-removal treatments, various compounds may be dissolved in the treatment fluid. As the acid reacts and the pH increases, reaction products may precipitate as a gelatinous, insoluble mass. Should this occur within the formation matrix, it is almost impossible to remove and permanent permeability damage may occur. Chelating agents prevent precipitation by keeping ions in a soluble form until the treatment fluid can flow back from the formation during cleanup. Thus, the extensive application of diethylenetriamine in the oil & gas industry is the major factor boosting the diethylenetriamine market during the forecast period.
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Diethylenetriamine Market Segment Analysis – By Geography
Asia Pacific region held the largest share in the diethylenetriamine market in 2019 up to 34%, owing to the increasing adhesives, paints & coatings, automotive industry in the APAC region. China’s chemical industry continues to surpass all other nations. According to the International Congress and Convention Association (ICCA), the Asia Pacific chemical industry contributed a total of $2.6 trillion to the total GDP and supported 83 million jobs in 2017, of which $1.5 trillion GDP and 60 million jobs were in China alone. During this phenomenal growth period, the focus of China was more on infilling the huge and rapidly growing domestic demand. According to the International Trade Centre (ITC), the Chinese export of adhesives increased from USD 1,516,301 thousand in 2017 to USD 1,641,790 in 2018. While Korea exported adhesives worth USD 268,094 thousand in 2017, USD 308,118 thousand in 2018, and USD 363,387 thousand in 2019. According to OICA, in 2018 the automotive production in India, Thailand, Indonesia, and Malaysia has increased up to 5174645, 2167694, 1343714, and 564800, i.e., 8.0%, 9.0%, 10.3%, and 12.2% higher than the previous year due to rising per capita income of the individuals which further led to the massive demand for diethylenetriamine in APAC region. Thus, the increasing adhesives, paints & coatings, automotive sector in the region is driving the diethylenetriamine market growth in the Asia Pacific during the forecast period.
Diethylenetriamine Market Drivers
Increasing Oil & Gas Sector
Controlling corrosion is a big challenge in the oil and gas industry. Easily accessible oil reserves have been depleted resulting in an ever-increasing requirement to explore more isolated locations, under harsher conditions. The presence of water, acids, acidic gases, high levels of oxygen, and brine all provide the perfect environment for corrosion. Thus, corrosion inhibitors are extensively used in the oil & gas industries to allow them to partition between the oil and water phase. According to the International Association of Oil & Gas Producers (IOGP), gas production in Africa increased by 5% in 2018. The biggest producer was Algeria, with 92.3 billion cubic meters, equivalent to a 39% share of total volumes for the region. In 2018, Asia Pacific produced 7.6 million barrels of oil per day, 8% of the world’s total. China was the region’s largest producer, accounting for half of its oil. Other important Asia Pacific producers were India and Indonesia with a share of 11% each, Malaysia with 9%, Thailand with 6%, Australia with 5%, and Vietnam with 4%. In 2018, the CIS achieved an Oil Production Indicator of 353%, substantially higher than the previous year’s 334%. In 2018, the region could export more than 10 million barrels per day. Iraq’s production in 2018 was at a new high, a 90% increase of 2.2 million barrels per day since 2008. In 2018, the Middle East used an unprecedented amount of gas: 553 billion cubic meters, up 190 billion cubic meters, or 56%, from a decade before. Thus, with the flourishing oil and gas sector, the demand for corrosion inhibitors will also increase, which acts as a driver for the diethylenetriamine market.
Increasing Automotive Production
In the automotive industry, diethylenetriamine finds use in the production of different types of resins, additives, and lubricants, which find applications in auto manufacturing. Diethylenetriamine is largely used in automotive applications as an additive in fuels and lubes for ash-less emissions. It is added in lubricants mainly to reduce the formation of sludge and deliquesce deposits in the IC engine. According to the International Trade Administration (ITA), China is the world’s largest vehicle market and the Chinese government is expecting that automobile production will reach 30 million units by 2020 and 35 million by 2025. According to the China Association of Automobile Manufacturers, in 2018 over 27 million vehicles were sold. In 2017, according to the International Trade Administration (ITA), 1.2 million new passenger cars, SUVs, and commercial vehicles were sold in the Australian market, an increase of 0.9% from 2016. According to Stats Sa, the total motor sale of South Africa in January 2018 was accounted to be 54,620 which increased to 55,156 in January 2019. According to OICA, in 2018 the automotive production in South America, Finland, Portugal, and Romania has increased up to 3364258, 112104, 294366, and 476769, i.e., 4.0%, 3.0%, 67.7%, and 31.1% higher than the previous year due to rising per capita income of the individuals which further led to the massive demand for diethylenetriamine. Thus, with the increasing automation production, the demand for diethylenetriamine will also increase, which acts as a driver for the diethylenetriamine market during the forecast period.
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Diethylenetriamine Market Challenges
Stringent Government Regulations on Use of Diethylenetriamine
The growth of the diethylenetriamine market will be slowed down due to stringent environmental regulations imposing restrictions on the use of hazardous substances numerous regulatory bodies such as the Environmental Protection Agency (EPA) and the Occupational Safety and Health Administration (OSHA) have been imposing strict regulations pertaining to the use of diethylenetriamine as it poses certain severe risks. The transport and storage of diethylenetriamine have also been a matter of scrutiny by regulatory agencies worldwide, in recent times. It should be noted that diethylenetriamine does pose hazards in terms of its corrosive action on the skin as well as eyes. Inhalation of diethylenetriamine spray mist could cause severe irritation in the respiratory tract, which is characterized by shortness of breath, coughing, and choking. Also, diethylenetriamine could be combustible at high temperature and could produce harmful and undesirable products such as carbon oxides and nitrogen oxides during combustion, which is anticipated to restrain the diethylenetriamine market growth during the forecast period.
Covid-19 Impact on The Diethylenetriamine Market
Due to the Covid-19 outbreak, the automotive industry has been hit by factory closures, supply chain disruption, and a collapse in demand. The automotive industries are facing issues such as delays in receiving emission control catalysts from the manufacturers due to the restriction on the import and export of commodities. The pandemic is having a huge impact on the automotive industry. The production of automobiles has been disruptively stopped, contributing to a major loss in the total automotive sectors. With the decrease in automotive production, the demand for diethylenetriamine has significantly fallen, which is having a major impact on the diethylenetriamine market.
Diethylenetriamine Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the diethylenetriamine market. Major players in the diethylenetriamine market are Akzo Nobel N.V., Huntsman Corporation, The Dow Chemical Company, BASF S.E., Tosoh Corporation, Delamine B.V., Diamines & chemical limited, Arabian Amines Company, Sigma-Aldrich Co. LLC, and Bluefield International.
Asia Pacific dominates the diethylenetriamine market, owing to the increasing demand and production of automobiles. According to OICA, in 2018 the production of light commercial vehicles has increased by 10.2 % in the APAC region.
Diethylenetriamine market size is anticipated to grow significantly owing to its application as a chelating agent in the personal care industry. Chelating agents play a major role in the manufacturing process of a wide range of industrial and household cleaning products, such as detergents, surface cleaners, liquid washing soaps, granules, and sprays, which is likely to boost the diethylenetriamine market growth.
The development of bio-based polyamines requires diethylenetriamine as raw material, thereby driving the market growth. As an example, diethylenetriamine is expected to find increasing applications in the manufacture of wind turbine blades.
The structures formed by the reaction of diglycidyl ether of bisphenol A (DGEBA) with diethylenetriamine (DETA) have been investigated by measuring the equilibrium swelling ratio. And Hydyne, a mixture of 60% unsymmetrical dimethylhydrazine (UDMH) and 40% diethylenetriamine (DETA), is extensively utilized for use in liquid-fuel rockets.
Oil extractions at oil fields in the Middle East and African regions extensively use diethylenetriamine for the drilling operation, which is anticipated to boost the diethylenetriamine market growth during the forecast period.
Due to the COVID-19 pandemic, the entire world has gone into a lockdown period due to which operations of various end-use industries such as oil & gas, adhesives are disruptively stopped, which is affecting the diethylenetriamine market.
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