Monoethanolamine Market By Product Type (Liquid Monoethanolamine, Solid Monoethanolamine), By End-Use Industry (Chemical Processing, Oil & Gas, Agriculture, Pharmaceuticals, Water Treatment), By Application (Gas Treatment, Detergents, Cosmetics & Personal Care, Cement Manufacturing), and By Region; Global Insights & Forecast (2023 – 2030)

As per Intent Market Research, the Monoethanolamine Market was valued at USD 3.2 Million in 2024-e and will surpass USD 5.2 Million by 2030; growing at a CAGR of 7.0% during 2025-2030.

The monoethanolamine (MEA) market plays a crucial role in various industrial applications, serving as a versatile chemical compound in industries ranging from oil and gas to pharmaceuticals. Monoethanolamine is primarily used in gas treatment, detergent production, cosmetics, and as a chemical feedstock in several industrial processes. Its importance has increased due to its role in environmental and industrial solutions such as gas sweetening, water treatment, and manufacturing of personal care products. As global industries continue to grow, the demand for MEA in emerging markets is rising, further driving market expansion.

The market is marked by significant growth in multiple regions, particularly in Asia-Pacific, where industrialization and increased production across various sectors are fueling the demand for MEA. The global push toward environmental sustainability and green energy solutions has also contributed to the rising demand for MEA as a key component in gas treatment and water purification. As industries worldwide continue to look for more efficient chemical solutions, monoethanolamine's role in addressing environmental challenges, such as reducing gas emissions and treating wastewater, is expected to grow significantly.

Product Type Segment Is Largest Owing to Liquid Monoethanolamine

Among the different types of monoethanolamine products, liquid monoethanolamine is the largest subsegment. Liquid MEA is commonly used in gas treatment, water treatment, and other chemical processes due to its high reactivity and ability to easily mix with other chemicals. It is the preferred form in industrial applications as it can be easily transported, handled, and stored, making it more versatile than solid MEA. The widespread use of liquid MEA in industries such as oil and gas, agriculture, and chemical processing is a significant driver of its dominance in the market.

The versatility of liquid MEA makes it a vital component in various industrial processes. For instance, in gas treatment, liquid MEA is used in the removal of impurities such as hydrogen sulfide and carbon dioxide from natural gas. In agriculture, it is used in the formulation of herbicides and pesticides, while in water treatment, it plays a key role in purifying and conditioning water. With its critical role in these industries, the demand for liquid MEA is expected to remain strong, ensuring its continued dominance in the market.

End-Use Industry Segment Is Largest Owing to Oil & Gas

In the end-use industry segment, the oil and gas sector is the largest consumer of monoethanolamine. MEA plays a critical role in gas treatment and refining, particularly in the removal of acidic gases such as hydrogen sulfide and carbon dioxide from natural gas. The oil and gas industry's extensive reliance on MEA to improve gas quality and meet environmental regulations is a primary driver of this dominance. As global energy demand continues to grow, the need for efficient gas treatment solutions will further bolster the oil and gas industry's demand for monoethanolamine.

In addition to gas sweetening, MEA is also used in refining processes, where it serves as an agent for removing sulfur and other impurities from crude oil. As the oil and gas industry continues to prioritize environmental sustainability and regulatory compliance, the demand for monoethanolamine in this sector is expected to increase. Moreover, the global expansion of natural gas infrastructure and increasing focus on cleaner energy will continue to support the growth of the oil and gas segment in the MEA market.

Application Segment Is Fastest Growing Owing to Gas Treatment

Among the various applications of monoethanolamine, gas treatment is the fastest-growing subsegment. MEA is widely used in the gas industry for sweetening natural gas, removing carbon dioxide (CO2), and hydrogen sulfide (H2S) to meet regulatory standards for environmental emissions. The growing emphasis on cleaner energy and the need to treat industrial gases to reduce harmful emissions has significantly driven the demand for MEA in this application. As countries around the world adopt stricter environmental policies and regulations, gas treatment remains a critical area where MEA is indispensable.

The increasing production of natural gas, along with the expansion of gas pipelines, has further fueled the demand for MEA in gas treatment processes. MEA’s ability to efficiently absorb and remove acid gases makes it an ideal solution for enhancing the quality of natural gas, which is crucial in meeting regulatory standards for sulfur content and CO2 emissions. With the global shift toward cleaner energy and the growing natural gas industry, gas treatment will continue to be a leading application for monoethanolamine, driving sustained market growth.

Fastest Growing Region Is Asia-Pacific

The Asia-Pacific region is experiencing the fastest growth in the monoethanolamine market. The rapid industrialization and urbanization of countries such as China, India, and Japan are key factors contributing to this growth. The oil and gas industry in Asia-Pacific is expanding, with increasing investments in gas sweetening and refining technologies that require monoethanolamine. Additionally, the rising demand for agriculture products and industrial chemicals in this region further supports the growth of MEA.

The Asia-Pacific region's strong manufacturing sector, coupled with significant demand from emerging economies, is driving the demand for monoethanolamine in multiple applications. Moreover, with increasing awareness of environmental sustainability and stricter regulations in many countries, the use of MEA in gas treatment and water purification is expected to grow substantially in the region. As such, Asia-Pacific is anticipated to remain the fastest-growing region in the global monoethanolamine market.

Competitive Landscape: Leading Companies and Market Dynamics

The monoethanolamine market is highly competitive, with several key players dominating the industry. Leading companies such as Dow Inc., BASF SE, Huntsman Corporation, and AkzoNobel N.V. have established themselves as market leaders due to their extensive product portfolios, global distribution networks, and strong R&D capabilities. These companies are actively involved in expanding their production capacities, developing innovative solutions, and entering strategic partnerships to strengthen their market positions.

Competition in the market is also driven by technological advancements, with companies focusing on improving the efficiency of MEA-based products and expanding their application areas. Furthermore, the increasing demand for sustainable and environmentally friendly chemicals is encouraging companies to innovate and offer solutions that meet stringent environmental standards. As global demand for monoethanolamine continues to rise, the competitive landscape will remain dynamic, with market leaders seeking to maintain their edge through innovation, expansion, and strategic collaborations.

Recent Developments:

• Dow Inc. launched a new range of high-purity Monoethanolamine products aimed at improving performance in oil & gas applications and reducing environmental impact.
• BASF SE announced a strategic partnership with a leading water treatment company to enhance the development of sustainable Monoethanolamine-based products for industrial water purification.
• Huntsman Corporation expanded its production capacity for Monoethanolamine, driven by rising demand from the agricultural and oil & gas industries.
• AkzoNobel N.V. received regulatory approval for its innovative Monoethanolamine-based surfactants used in industrial cleaning products and detergents.
• Eastman Chemical Company completed the acquisition of a chemical plant that specializes in Monoethanolamine, increasing its footprint in the Asia-Pacific region to meet growing demand

List of Leading Companies:

• Dow Inc.
• BASF SE
• AkzoNobel N.V.
• Huntsman Corporation
• INEOS Group
• Eastman Chemical Company
• Clariant AG
• Formosa Plastics Corporation
• Mitsubishi Corporation
• LG Chem
• Chevron Phillips Chemical Company
• Kraton Polymers LLC
• China National Petroleum Corporation
• Jiangsu Hualun Chemical Co., Ltd.
• SABIC (Saudi Basic Industries Corporation)

Report Scope: