Ethylenediamine (EDA) Market to be at Forefront | 2024
Ethylenediamine
(EDA) is a robust base and chelating agent, which is characterized by
its clear liquid-like colorlessness and ammonia-like odor. Though
there are several precautions that must be taken during the handling
of ethylenediamine, as it can be severely hazardous to health and can
even cause blindness as a result of high exposer, it is highly useful
too for a number of industries such as paints and coatings,
agrochemicals, pharmaceuticals, mining and textile, and fuel and
energy. Most of these industries are prospering, which is expected to
escalate the demand in the global ethylenediamine market during the
forecast period of 2016 to 2024.
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Report Overview @
This
report on the global ethylenediamine market has been compiled in
order to represent the current scenario and future prospects of the
market to the stakeholders connected to the value chain such as
manufacturers of ethylenediamine, government agencies, and suppliers
and distributors of ethylenediamine. The report studies all the
connected factors that will define the demand for ethylenediamine in
the near future, and presents figurative projections. A number of
companies operating in the global ethylenediamine market have also
been profiled in the report in order to analyze the competitive
landscape and recent strategic decisions by the industry leaders.
Global
Ethylenediamine Market: Trends & Opportunities
Being
miscible in water and solvable in various acids including
hydrochloric acid, sulfuric acid, and dilute nitric acid,
ethylenediamine are used as a building block of a number of useful
chemicals. For example, elastomeric fibers, plastic lubricants,
chelating agents, rubber processing additives, bleach activators,
corrosion inhibitors, fungicides, mineral processing aids, fuel
additives and lubricating oils, pharmaceuticals, polyamide resins,
urethane chemicals, and textile additives among others. This varied
applications are the primary driver of the global ethylenediamine
market. On the other hand, bio-accumulation potential, toxicity to
aquatic life, low flashpoint, and prone to catching fire are some of
the hazardous factors that is hindering the growth rate of the global
ethylenediamine market.
The
report includes analysis of each application of ethylenediamine and
estimates their future prospects for the forecast period of 2016 to
2024. Various government regulations pertaining to the use of
ethylenediamine have also been included in the report, assessing the
challenges and opportunities.
Global
Ethylenediamine Market: Regional Outlook
The
report takes stock of the potential of ethylenediamine market in all
the important regions, such as Asia Pacific, North America, Latin
America, Europe, and the Middle East and Africa. Currently, Asia
Pacific serves the maximum demand for ethylenediamine, gaining
significant traction from thriving industrial sectors in several
emerging economies such as India, China, Australia, South Korea, and
Japan. Asia Pacific being the most populated region in the world,
India and China are also the most prominent consumers of
ethylenediamine. Owing to rapid urbanization in these countries, the
demand in the sectors such as paint and coatings, pharmaceuticals,
and textile is increasing, which is reflecting positively on the
global ethylenediamine market.
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Companies
mentioned in the research report
Some
of the leading players operating in the global ethylenediamine market
are Dow Chemical Company, Mitsubishi Gas Chemical Company, BASF SE,
AkzoNobel N.V., Arkema SA, Alkyl Amines Chemicals Ltd., Huntsman
Corporation, Taminco Corporation, and Rhodia. The competition is
quite stiff in this market, and these market leaders frequently
indulge in strategic collaborations to strengthen their geographical
presence and increase customer-base. Research and development in the
field in order to find new feasible applications of ethylenediamine
is also expected to help these players gain ground over their
competitors.
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