Mexico Ethanolamine Market: Industry Analysis and Forecast (2024-2030)

  • The Mexico Ethanolamine Market size was valued at USD 2821 Mn. in 2023 and the total Mexico Ethanolamine revenue is expected to grow at a CAGR of 7.1% from 2024 to 2030, reaching nearly USD 4560 Mn. in 2030.

  • Format : PDF | Report ID : SMR_1652

Mexico Ethanolamine Market Overview

Ethanolamines, a product of ammonia and ethylene oxide, serve various purposes like surfactants, cement grinding, and gas treatment. Market growth is propelled by demand in agriculture and construction, but concerns arise in healthcare due to environmental impact. In Mexico, constraints arise from increased chemical oxygen demand and total nitrogen. Ethanolamine use spans gas treating, soaps, detergents, personal care, herbicides, pesticides, pharmaceuticals, and pulp and paper.


The Mexico Ethanolamine Market report precisely examines the dynamic landscape, offering stakeholders in-depth analysis and strategic insights. Through a comprehensive approach involving primary and secondary research, it uncovers nuanced trends, drivers, challenges, and opportunities. The report accurately portrays market dimensions, growth patterns, size, and key trends, identifying pivotal factors driving growth and highlighting emerging opportunities.

Mexico Ethanolamine Market


Mexico Ethanolamine Market Dynamics:

Growing Demand from the Oil and Gas Industry to Drive the Mexico Ethanolamine Market.

Rising demand for Monoethanolamine (MEA) in Mexico's oil and gas sector, vital for gas treatment, aligns with growing exploration activities. This surge not only drives Mexico Ethanolamine market growth but also generates economic benefits by fostering job creation across MEA production, transportation, and application. Additionally, MEA's role in enhancing energy security aligns with Mexico's focus on cleaner energy sources.

Mexico Ethanolamine Market1

In Mexico Ethanolamine industry Monoethanolamine (MEA) poses environmental risks, being corrosive and toxic, raising concerns in production, transportation, and handling. Heightened environmental awareness drives stricter regulations, potentially increasing costs for manufacturers. The industry's long-term sustainability is questioned, emphasizing the need for exploring alternative, more sustainable technologies, and feed stocks for ethanolamine production.


The growing demand in Mexicoethanolamine market, run by the oil and gas industry, necessitates addressing environmental and sustainability concerns. Achieving a balance requires strict observance of regulations, investment in cleaner production technologies, exploration of alternative feed stocks, and a proactive search for greener alternatives to ethanolamines.


Mexico Ethanolamine Market Segment Analysis

Based on Type, the Monoethanolamine (MEA)segment held the largest market share of about 40% in the Mexico Ethanolamine Market in 2023.According to the STELLAR analysis, the segment is expected to grow at a CAGR of 7.2% during the forecast period. It stands out as the dominant segment within the Mexico Ethanolamine Market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.

Mexico Ethanolamine Market2

Monoethanolamine (MEA) significantly influences the Mexico Ethanolamine Market and offers versatility in applications such as gas treatment, personal care products, and pharmaceuticals. It efficiently removes acidic gases, acts as a neutralizing agent in personal care items, and ensures cost-effective production. With an established production and supply chain, MEA maintains reliability across diverse industries in Mexico.


Mexico Ethanolamine Industry Monoethanolamine (MEA) poses environmental concerns due to its corrosiveness and toxicity, with potential harm during production, transportation, and use. Stringent regulations addressing environmental sustainability may restrict its application in certain sectors. Additionally, health risks, including respiratory issues and skin irritation, mandate stringent safety measures, impacting production costs and complexity.


MEA holds significance in the Mexico ethanolamine market for its versatility and established presence. Additionally, environmental and health concerns necessitate careful consideration, emphasizing the need for responsible production, handling, and exploration of sustainable alternatives.

Mexico Ethanolamine Market Scope

Market Size in 2023

USD 2821 Million

Market Size in 2030

USD 4560 Million



Historic Data


Base Year


Forecast Period


Segment Scope

By Type

  • Monoethanolamine (MEA)
  •  Diethanolamine (DEA)
  •  Triethanolamine (TEA)

By Application

  • Surfactant in Personal Care
  • SuAgrochemical Production
  • SuGas Treatment
  • SuConstruction55
  • SuWood Preservation


Leading Key Players in the Mexico Ethanolamine Market

  • DOW,
  • BASF
  • Ineos Oxides
  • Huntsman
  • Akzo Nobel
  • Nippon Shokubai
  • Mitsui Chemicals
  • AkzoNobe
  • LyondellBasell Industries
  • Thai Ethanolamines Co., Ltd.

Frequently Asked Questions

Growing Demand from the Soaps & Detergents Industry is the major driver for the Mexico Ethanolamine market.

1.    Mexico Ethanolamine Market Executive Summary
1.1 Study Assumption and Market Definition
1.2 Scope of the Study
1.3 Emerging Technologies
1.4 Market Projections
1.5 Strategic Recommendations
2.    Mexico Ethanolamine Market Trends
2.1 Market Consolidation
2.2 Adoption of Advanced Technologies
2.3 Pricing and Reimbursement Trends
3.    Mexico Ethanolamine Market: Dynamics
3.1.1 Market Driver
3.1.2 Market Restraints
3.1.3 Market Opportunities
3.1.4 Market Challenges

3.2 PORTER’s Five Forces Analysis
3.3 PESTLE Analysis
3.4 Regulatory Landscape 
3.5 Analysis of Government Schemes and Initiatives for the Mexico EthanolamineIndustry
3.6 The Pandemic and Redefining of The Mexico Ethanolamine Industry Landscape.
4.    Mexico Ethanolamine Market: Market Size and Forecast by Segmentation (Value) (2023-2030)
4.1 Mexico Ethanolamine Market Size and Forecast, by Type (2023-2030)
4.1.1 Monoethanolamine (MEA)
4.1.2  Diethanolamine (DEA)
4.1.3  Triethanolamine (TEA) 

4.2 Mexico Ethanolamine Market Size and Forecast, by Application (2023-2030)
4.2.1 Surfactant in Personal Care
4.2.2 SuAgrochemical Production
4.2.3 SuGas Treatment
4.2.4 SuConstruction55
4.2.5 SuWood Preservations

5.    Mexico Ethanolamine Market: Competitive Landscape
5.1 STELLAR Competition Matrix
5.2 Competitive Landscape
5.3 Key Players Benchmarking
5.3.1 Company Name
5.3.2 Service Segment
5.3.3 End-user Segment 
5.3.4 Revenue (2023)
5.3.5 Company Locations

5.4 Leading Mexico Ethanolamine Companies, by market capitalization
5.5 Market Structure
5.5.1 Market Leaders 
5.5.2 Market Followers
5.5.3 Emerging Players

5.6 Mergers and Acquisitions Details
6.    Company Profile: Key Players
6.1 DOW
6.1.1 Company Overview
6.1.2 Business Portfolio
6.1.3 Financial Overview
6.1.4 SWOT Analysis
6.1.5 Strategic Analysis
6.1.6 Scale of Operation (small, medium, and large)
6.1.7 Details on Partnership
6.1.8 Regulatory Accreditations and Certifications Received by Them
6.1.9 Awards Received by the Firm
6.1.10  Recent Developments

6.2 BASF
6.3 Ineos Oxides
6.4 Huntsman 
6.5 Akzo Nobel
6.6 Nippon Shokubai
6.7 Mitsui Chemicals
6.8 AkzoNobe
6.9 LyondellBasell Industries
6.10 Thai Ethanolamines Co., Ltd.
7.    Key Findings
8.    Industry Recommendations
9.    Mexico Ethanolamine Market: Research Methodology

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