Methyl Diethanolamine (MDEA) Market – Size, Share, Outlook, and Opportunity Analysis, 2016 - 2026 Methyl diethanolamine (MDEA) is a liquid tertiary amine compound used in synthesis of different compounds including pesticides, detergents, and paints. It is used in different applications such as coatings, catalysts, textile, lubricants, polishes, detergents, personal-care products, pharmaceuticals, urethane, pesticides, and water-treatment chemicals. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2206 Market Dynamics Methyl diethanolamine is used in sweetening process, which involves treating sulfur containing compounds such as thiophene, mercaptan, and hydrogen sulfide to improve odor, color, oxidation stability, and reduce concentration of carbon dioxide in oil refinery, chemicals, syngas production, and natural gas. Increasing demand for MDEA in oil refineries, natural gas, and syngas production is a major factor propelling growth of the global methyl diethanolamine (MDEA) market. According to a report by The U.S. Energy Information Administration (E.I.A.) in 2017, natural gas production is projected to account for around 40% of the total energy production in the U.S by 2040. Moreover, according to the China Petroleum and Chemical Industry Association (CPCIA), China consumed around 11.5 million barrels of oil in 2016, which was an increase by 0.5 million barrels from 2015. Furthermore, growing paints and coatings industry is expected to propel demand for MDEA, owing to its use as catalyst for epoxy resin, urethane coating system, and as a solvent in water paints. According to the Coherent Market Insights’ analysis, the global paints and coatings industry is projected to reach US$ 235 billion by 2025 from US$ 137 billion in 2016. Moreover, increasing application of MDEA in textiles and pharmaceuticals is expected to drive growth of the global methyl diethanolamine market. For instance, according to a report by the International Federation of Pharmaceutical Manufacturers & Associations report in 2017, the global pharmaceutical market is projected to reach US$ 1,430 billion by 2020.
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