Methyl Diethanolamine Market Size was valued at USD 973.81 million in 2023. The Methyl Diethanolamine industry is projected to grow from USD 1,045.12 million in 2024 to USD 1,839.66 million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.69% during the forecast period (2024 - 2032). Methyl diethanolamine (MDEA) has become relevant in the gas treatment business in recent years due to its strong selectivity for H2S over CO2 in gas streams including both gases. MDEA solutions contain the largest loading of any primary or secondary amine, resulting in the lowest circulation rate. MDEA has the lowest heat needs for regeneration due to its low reaction temperatures with H2S and CO2. Apart from that, it has the lowest specific heat solvent losses and a low freezing point (about 32°C). MDEA is utilized in many specific solvent formulations, particularly in conjunction with Piperazine to increase the pace of reaction. The expected growth in the market can be attributed to the increasing demand across the oil & gas sector for natural gas processing capabilities, the growing impositions of stringent environmental regulations to reduce emissions of greenhouse gases & sulfur compounds and the ever-increasing expansion of refining & petrochemical industries across the globe. However, the market is also held back by price volatility of raw product materials. Nevertheless, it is anticipated that the growing focus of carbon capture and storage (CCS) and increasing research and development (R&D) for improved formulations will create lucrative opportunities for the players operating in the global methyl diethanolamine (MDEA) market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Natural gas spot prices in the United States reached a new low in 2020, attaining the lowest yearly average price in more than a decade. The average yearly spot price recorded in 2020 by the US Energy Information Administration (EIA) was $2.05 per million British thermal units (MMBtu). According to EIA statistics, natural gas prices began to fall in the first few months of the year due to mild winter temperatures, which resulted in a decrease in demand for natural gas for space heating. Following the commencement of the COVID-19 epidemic in March 2020, natural gas prices fell even more. This downward trend maintained throughout the first half of the year. The average monthly Henry Hub spot price in the first six months was $1.81/MMBtu, according to the EIA. The Henry Hub price of natural gas averaged $1.66/MMBtu in June, the lowest monthly price in decades. Natural gas prices rose in the second half of the year as natural gas output fell and worldwide liquefied natural gas exports climbed. According to the EIA, natural gas usage in the residential, commercial, and industrial sectors decreased significantly in 2020. Milder winter weather was a big contributor in the first quarter, although overall decreased consumption was ascribed to diminished economic activity due to the COVID19 pandemic. Natural gas use for electric power generation, on the other hand, increased by 2% higher than the 2019 average. According to the EIA, citing S&P Global Platts, this rise is due to power companies moving from coal to cheaper natural gas to fulfil the increasing demand for electric power for cooling as summer temperatures rose.
According to the EIA's Annual Energy Outlook 2023, the industrial and electric power sectors, as well as net exports, will fuel increase in US energy consumption between 2020 and 2050. Other industries' natural gas usage is predicted to rise gradually or remain constant. According to the EIA, natural gas output will increase as consumption rises, yet prices will remain low in comparison to historical levels. The EIA anticipates ongoing rise in natural gas exports as supply exceeds demand. The International Energy Agency predicts that worldwide demand for natural gas will rebound in 2023, led by growth in the Asia Pacific area as developing countries recover. The United States will continue to play an important role as a major producer and provider to natural gas supply expansion.
The importance of natural gas in the energy evolution cannot be overstated. Natural gas as a fuel is a vital bridge towards this progression, and it also serves as a trustworthy partner for renewable energy sources, helping to match supply and demand for wind, solar, and hydroelectric output. Renewed interest in, and high-level discussions about, the expansion of necessary natural gas infrastructure, increased energy consumption, and the expansion of the liquefied natural gas business are all strong indicators for technical improvements in natural gas handling and processing in this new phase of the energy economy. Some key highlights for energy evolution debates during 2022-2023 include –
It is reassuring to see cost-effective carbon-emission reduction activities at the local operator level in the natural gas handling and processing industry. The deletion of all natural-gas-powered pneumatic equipment by the largest natural gas producer in the United States, EQT, is one such example that should serve as a model for the whole industry. This significant milestone significantly decreased this operator's yearly carbon footprint and, more broadly, presented a tangible example of addressing methane emissions aggressively via great cooperation and strategy implementation.
The Methyl Diethanolamine Market segmentation, based on the product type, the Methyl Diethanolamine Market has been bifurcated into Technical Grade, and Custom Formulations. In 2022, the Technical Grade segment drove the Methyl Diethanolamine Market by holding a substantial market share. It is projected to register a CAGR of 6.5% during the projected timeframe. The Technical Grade segment within the global MDEA market is a critical component of various industrial processes. This sub-segment primarily caters to industries such as oil and gas, where MDEA is used for gas treating, specifically in the removal of hydrogen sulfide (H2S) and carbon dioxide (CO2) from natural gas streams. Its significance also extends to chemical manufacturing, where it is utilized in the production of specialty chemicals. Technical Grade MDEA is valued for its purity, consistency, and reliability in maintaining process efficiency. The demand for Technical Grade MDEA is expected to grow steadily, driven by ongoing industrial development and stringent environmental regulations.
Based on the Application, the Methyl Diethanolamine Market has been bifurcated into Gas Treating, Fabric Treatment, Water Treatment, Coatings, Tobacco Products, and Others. In 2022, the Gas Treating segment drove the Methyl Diethanolamine Market by holding a substantial market share during the assessment period. This segment accounted for the largest share of the market in 2022 and is expected to remain dominant during the forecast period. This category is a vital application area within the Methyl Diethanolamine Market. Methyl diethanolamine (MDEA) finds extensive use in gas treating processes, primarily for the removal of acidic gases such as carbon dioxide (CO2) and hydrogen sulfide (H2S) from natural gas streams. This application is crucial in the oil and gas industry to meet stringent purity and environmental standards for natural gas production. MDEA offers several advantages, including high selectivity for CO2 removal and low energy consumption, making it a preferred choice for gas treating units. As the world continues to emphasize cleaner energy sources, the demand for MDEA in gas treating applications is expected to grow, supporting the transition towards sustainable energy production.
Based on Region, the Methyl Diethanolamine market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia-Pacific Methyl Diethanolamine market held the maximum market share and is also expected to account for the significant revenue share during the forecast period. Asia-Pacific stands as a prominent and rapidly expanding market for MDEA. The region's booming industrialization, especially in countries like China and India, drives substantial demand for MDEA in gas treating applications to meet growing energy needs while adhering to environmental regulations. Water treatment is another key area, addressing the challenges of water scarcity and pollution.
The competitive landscape of the Methyl Diethanolamine market is influenced by several key players who offer products for various applications. Major market participants, including Amines & Plasticizers Ltd, Amines & Plasticizers Ltd, Dow, BASF SE, Huntsman International LLC, Advanced Petrochemicals Ltd., Sterling auxiliaries private limited, Ennore India Chemicals, Ataman Kimya, INEOS, Others , are dedicated to enhancing product capabilities to uphold their brand position. The Methyl Diethanolamine Market is extremely competitive, with players competing, partnering, and investing heavily in research and development to gain a significant market share. The market is moderately fragmented with rising competition, increasing collaborative partnerships, and other strategic decisions to achieve operational efficiency.
Mergers and collaborations were also observed to expand the company's product portfolio, as well as introduce new products. The growth of prominent industry players is dependent on various factors, such as market conditions, government support, and industry development. Key manufacturers in the methyl diethanolamine market are focusing on Carbon Capture and Storage (CCS) and research and development for improved formulations. It is also projected that a rise in the investments for R&D will also boost the market's growth in the upcoming future.
Amines & Plasticizers Ltd: Amines & Plasticizers Ltd is India's first and largest producer of Ethanolamines, Alkyl Alkanolamines, Morpholine Derivatives such as NMMO 50%, and Gas Treating Solvents. APL has also expanded its operations to include the production of Specialty Ethoxylates and Propoxylates, Block Polymers and Co-Polymers of EO and PO in addition to Fatty Alcohol Ethoxylates and Propoxylates, PPG's (of various molecular weights such as 425, 900, 1020, 2000 & 4000), Cement Grinding Aids, TIPA 85%, DEIPA 85%, Phenoxyethanol of High Purity, and Oil Its corporate headquarters are in Mumbai, India, while its manufacturing facilities are in Navi Mumbai. APL serves approximately 75-80% of the total demand in the Indian market for Ethanolamines and Alkyl Alkanolamines and regularly exports its products to over 50 countries worldwide, including the United States, Canada, Germany, New Zealand, South Korea, South East Asia, Japan, Australia, and the Middle East countries, among others.
Dow.: Dow Chemical Company (Dow) manufactures and supplies raw materials for a wide range of industries, including appliance, automobile, agricultural, chemical processing, electronics, oil and gas, and processed foods. Among its diverse portfolio are businesses in specialty chemicals, advanced materials, agrosciences, and plastics that provide a variety of technology-based goods and solutions. It belongs to the American Chemistry Council. Dow is a major producer of polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber. It also produces a lot of ethylene oxide, acrylates, surfactants, and cellulose resins. It manufactures agricultural chemicals such as the insecticide Lorsban as well as consumer goods such as Styrofoam.
INEOS Capital Limited is one of the world's largest chemical producers and also an important player in the oil and gas sectors. In September 2023 entered into a deal with Eastman Chemical Company to acquire sites, including the Eastman Texas city site with the 600,000 t acetic acid plant and all other related third-party activities on site, for an estimated US$ 500 million.
In March 2019, Amines & Plasticizers Ltd, a basic chemical manufacturing company, reported that they had undergone a recent expansion of their manufacturing plant because the demand for specialty chemicals had increased. This expansion was probably aimed at bolstering the company or oil refineries that are striving to come up with new products to add to the existing lines in order to serve the customer needs.
In 2019, Dow Chemicals launched an MDEA-based product called PURIFYTM amine, which was tailored for natural gas producers who want to comply with the toughest environmental requirements while increasing performance and reducing costs. The Dow Chemical Company, also known as Dow, manufactures and sells raw materials for a plethora of end uses, amongst them being appliance, automotive, agriculture, chemical processing, electronics, oil and gas and processed food industries.
ChiraSoft SW is a new MDEA-based product that was introduced by BASF in 2020. It is a softener for inclusion in fabric care and personal care products. Provides complete information on BASF as it is a European multinational Chemical Company and the top producer of chemicals globally. The company is headquartered in Ludwigshafen, Germany.
In 2020, Huntsman Launched a new MDEA product called JEFFTREAT 783, which is designed for gas treatment applications. This product is said to possess significant selectivity and stability, making the operation of gas processing plants more cost-effective and efficient. Revenues in the context of will continue to revolute around 756 million dollars in most Huntington Corporation is a public company which owns US manufacturer of differentiated and special chemicals.
In 2019, a company called Arkema introduced a new MDEA called Alkamine MHD. This product is meant for industrial products such as agrochemicals, personal care, and pharmaceuticals. As per the Advertisement of Arkema, it has been stated that Alkamine MHD is a solvent of high performance that provides better results and eco-friendly impacts than other similar products available in the market.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 973.81 million |
| Market Size 2024 | USD 1,045.12 million |
| Market Size 2032 | USDÂ 1,839.66 million |
| Compound Annual Growth Rate (CAGR) | 4.69% (2024-2032) |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2019 to 2021 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Rest of World |
| Countries Covered | US, Canada, Germany, UK, France, Spain, Italy, Russia, China, Japan, India, South Korea, Brazil, Mexico, Argentina, South Africa, GCC countries |
| Key Companies Profiled | Amines & Plasticizers Ltd, Amines & Plasticizers Ltd, Dow, BASF SE, Huntsman International LLC, Advanced Petrochemicals Ltd., Sterling auxiliaries private limited, Ennore India Chemicals, Ataman Kimya, INEOS, Others |
| Key Market Opportunities | Growing focus on carbon capture and storage (ccs) |
| Key Market Dynamics | ·      Increasing demand for natural gas processing ·      Imposition of stringent environmental regulations to reduce emissions of greenhouse gases and sulfer compounds |
Frequently Asked Questions (FAQ) :
USD 973.81 Mn
4.69%
Asia-Pacific
Amines & Plasticizers Ltd, Dow, BASF SE, Huntsman International LLC, Advanced Petrochemicals Ltd, and others
Technical Grade
Gas treating
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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