Global N-Methyl Diethanolamine (MDEA) Market to Reach US$ 865.2 Mn by 2027 – Coherent Market Insights

SEATTLE--()--The global N-methyl diethanolamine (MDEA) market was valued at US$ 576.3 Mn in 2018, and is projected to exhibit a CAGR of 4.8% over the forecast period (2019–2027), in terms of revenue.

Key Trends and Analysis of the Global N-Methyl Diethanolamine (MDEA) Market:

The global N-methyl diethanolamine (MDEA) market is expected to witness significant growth over the forecast period. The growing demand for carbon capture and sequestration (CCS) is anticipated to generate higher revenues for N-methyl diethanolamine (MDEA) market over the forecast period.

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In oil and gas processing, the gas stream contains a certain amount of H2S and organic sulfur in it, which must be removed before gas processing. Amine-based compounds such as monoethanolamine (MEA) are commonly used to remove H2S and CO2, however, MEA has lower CO2 loading capacity than MDEA. For instance, MEA can process only 0.5 mol CO2/mol amine whereas MDEA absorbs around 1.0 mol CO2/mol amine. Therefore, MDEA has now become a preferred choice for gas treatment. This scenario is expected to fuel the market demand for MDEA in the near future.

However, adverse effects of MDEA on environment & availability of substitutes is likely to hamper growth of the market in the near future. According to ‘Carbon Dioxide Capture Handbook’ published by the U.S. Department of Energy in August 2015, MDEA is toxic and is not easily biodegradable. The degradation products of MDEA such as nitrosamines have negative environmental effects. Nitrosamines are cancer causing agents that also contaminate drinking water and have adverse effects on aquatic organisms.

Therefore, alternatives such as methyl ethanolamine (MEA) or green chemicals such as ionic liquids, which are less toxic and easily biodegradable are being considered for gas treatment applications, which in turn is expected to restrain the N-methyl diethanolamine (MDEA) market growth.

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Key Market Takeaways:

  • The global N-methyl diethanolamine (MDEA) market is expected to exhibit a CAGR of 4.8% during the forecast period in terms of revenue. The market growth is driven by increasing demand for MDEA from oil & gas industry. Oil drilling activities have expanded in regions such as North America, owing to shale gas revolution, which in turn is expected to propel demand for MDEA from oil and gas industry. For instance, according to the U.S. Department of Labor, Bureau of Labor Statistics, production of shale gas in the U.S. increased from 1.3 to 15.8 trillion cubic feet from 2007 to 2016.
  • Based on application, gas treatment segment contributed for the largest market share for over 50.0%, in terms of revenue in the global N-methyl diethanolamine (MDEA) market in 2018. MDEA is used to treat gas streams in oil & gas industry, in order to remove H2S and CO2, which may cause corrosion issues further in the process. When MDEA solvent comes in contact with the gas stream, it absorbs H2S and CO2 readily making the gas stream free from these acid gases. Therefore, increasing production of natural gas worldwide is expected to drive growth of N-methyl diethanolamine (MDEA) market. For instance, according to report, India Petroleum & Natural Gas statistics 2017-18’, published by Ministry of Petroleum & Natural Gas Economic & Statistics Division in September 2018, Indian natural gas production reached 32.65 billion cubic meters in 2017-18, which increased from 31.9 billion cubic meters in 2016-17.
  • Some of the 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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Contacts

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com