N-Methyl Diethanolamine (MDEA) Market

N-Methyl Diethanolamine (MDEA) Market - Size,
Share, Outlook, and Opportunity Analysis, 2019 –
2027
N-Methyl Diethanolamine is also known as Methyl Diethanolamine or MDEA with
chemical formula CH3N (C2H4OH)2. MDEA is a colorless yellow liquid with
ammonia odor. It is used as decarbonizer and sweetening agent in gas synthesis, oil
refinery, chemical, and natural gas. The N-Methyl Diethanolamine (MDEA) market is
projected to grow substantially over the forecast period attributing to increasing
demand for carbon capture and sequestration (CCS) coupled with growing demand
for MDEA from oil & gas industry.
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Greenhouse gas (GHG) emission is increasing globally, owing to increasing
urbanization. For instance, according to the U.S. Environmental Protection Agency,
total U.S. greenhouse gas emission was 6,456.7 million metric tons of carbon
dioxide equivalents in 2017, of which 82% was carbon dioxide itself. Carbon Capture
and Sequestration (CCS) provides sustainable solution for reducing GHG emission.
CO2 emission is controlled in CCS process by first collecting/absorbing CO2 from
industrial process streams, which is then stored underground, by which CO2 will not
be released to the atmosphere.
MDEA efficiently absorbs CO2 and therefore, it is considered as a potential
absorbent in the carbon capture process in CCS. Increasing awareness regarding
lowering of GHGs and demand for efficient CCS technology is expected to drive
growth of N-Methyl Diethanolamine (MDEA) market. For instance, Gas Technology
Institute (GTI) is investigating a membrane contactor for pilot-scale CO2 capture
system based on polyether ether ketone hollow fiber membranes, which utilizes
MDEA as an amine solvent to capture CO2.
However, adverse effects of MDEA on environment & availability of substitutes is
expected to hinder the growth of the global N-methyl diethanolamine (MDEA) market
over the forecast period.
The global N-methyl diethanolamine (MDEA) market was valued at US$ 576.3 Mn in
2018, and is expected to register a CAGR of 4.8% in terms of revenue over the
forecast period (2019 – 2027), to reach US$ 865.2 Mn by 2027.
Asia Pacific accounted for the largest revenue share of 34.0% in the global N-methyl
diethanolamine (MDEA) market in 2018. The region is also projected to record the
fastest growth during the forecast period. This is attributed to the rapid expansion of
end-use industries such as textile and oil & gas, especially in emerging economies
such as China and India.
Growing textile industry in the region is expected to drive growth of the N-Methyl
Diethanolamine (MDEA) market in the region. According to India Brand Equity
Foundation, Indian textile industry was valued at US$ 150 billion in 2018 and is
expected to reach US$ 250 billion by 2019. Increasing exports is also driving growth
of the Indian textile industry. According to same source, India’s textile exports were
valued at US$ 39.2 billion in 2018 and is expected to reach at US$ 82.0 billion by
2021.
Demand for MDEA is increasing in oil & gas industries, owing to increasing oil drilling
activities across the globe to meet rising demand for energy & fuel. For instance,
according to the report, ‘2017 OPEC World Oil Outlook’ published by Organization of
the Petroleum Exporting Countries (OPEC) in October 2017, total world primary
energy demand was 276.0 million barrels of oil equivalent per day (mboe/d) in 2015
and is expected to reach 371.6 mboe/d by 2040, of which largest share is expected
to be accounted by oil fuel, which is expected to reach 100.7 mboe/d and that of gas
fuel is expected to reach 93.2 mboe/d by 2040. Therefore, growing oil & gas industry
is expected to propel growth of N-Methyl Diethanolamine (MDEA) market.
Major players operating in the global N-methyl diethanolamine (MDEA) market
include DowDuPont Inc., BASF SE, Eastman Chemical Company, Huntsman
Corporation, Ineos Group Limited, Amines & Plasticizers Ltd., Sintez OKA Group,
Advance Petrochemicals Ltd., Maoming Yunlong Industrial Development Co. Ltd.,
Nippon Nyukazai Co., Ltd., and Jiangsu Taihu New Materials Holding (Yancheng)
Co., Ltd.
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The global N-methyl diethanolamine (MDEA) market was valued at US$ 576.3 Mn in 2018, and is expected to register a CAGR of 4.8% in terms of revenue over the forecast period (2019 – 2027), to reach US$ 865.2 Mn by 2027.

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