N-Methyl Diethanolamine (MDEA) Market
N-Methyl Diethanolamine (MDEA) Market to reach US$ 865.2 Mn by 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.
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.
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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.
Major Keyplayers: 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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