N-Methyldiethanolamine Market Outlook and Forecast 2025
In terms of revenue, the global N-Methyldiethanolamine market was valued at US$ 565.61 Mn in 2016. It is anticipated to expand at a stable CAGR of more than 6.0% during forecast period, according to a new report published by Transparency Market Research (TMR) titled “N-Methyldiethanolamine Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025”. Expansion of the global n-methyldiethanolamine market is driven by the increasing demand for gas sweetening or amine gas treating process along with rising demand in textile, paints, and medical industries, globally. Asia Pacific is a prominent market for N-Methyldiethanolamine and the region accounts for almost two-fifth share of the global N-Methyldiethanolamine market.
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Increasing Demand for Gas Sweetening or Amine Gas Treating Process
N-Methyldiethanolamine is a commonly used solvent for treating gases in order to remove H2S and CO2. The process is commonly known as the gas sweetening process, as the odor of the processed product is improved by the absence of hydrogen sulfide. The amine gas treating process is commonly employed in refineries, petrochemical plants, the food & beverage industry, and natural gas processing plants. Gas treating is a major application of N-Methyldiethanolamine. The oil & gas industry accounts for more than 50% demand for MDEA. Expansion of the gas treating segment across the globe is projected to increase the demand of MDEA across the globe. Therefore, the increase in demand for gas sweetening or amine gas treating process is driving the N-Methyldiethanolamine market.
Increasing Demand in Textile, Paints and Medical Industries Globally
Industries such as textile, paints, and medical have witnessed expansion due to the rapid growth in the economies of major countries across the globe. Rise in population and improved standard of living has led to the rise in demand for textile, paints, and medical products. MDEA is commonly utilized as an active substance in fabric softeners and is a good alternative to TEA esterquats. In the paints industry, MDEA can be utilized in the cationic modification of acrylic polymer dispersions. MDEA is utilized in combination with perfluoroalkyl polymers in the production of silicone-based textile finishing agents. Lastly, MDEA is employed as a precursor for certain active substances in the medical industry.
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Negative Health Issues Pertaining to N-Methyldiethanolamine
N-Methyldiethanolamine is employed as an intermediate in the synthesis of numerous products. Its unique chemistry has led to its application in multiple areas including coatings, textile lubricants, polishes, detergents, pesticides, and personal care products. N-Methyldiethanolamine is observed to have low toxicity. It does not cause any major side-effect in humans; however, prolonged exposure has been observed to cause serious irritation to the eyes and skin. In industrial settings, N-Methyldiethanolamine is manufactured and handled primarily in closed processes, which limit its exposure.
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