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Monoethanolamine Price Trend and Forecast
Monoethanolamine Price Trend and Forecast
Monoethanolamine Regional Price Overview
Get the latest insights on price movement and trend analysis of Monoethanolamine in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Monoethanolamine Price Trend for the Second Half of 2024
In the second half of 2024, the global monoethanolamine (MEA) market displayed mixed trends, shaped by regional differences in demand patterns, feedstock availability, and broader economic conditions. In North America, MEA prices remained relatively steady, supported by stable ethylene oxide costs and consistent demand from the gas treatment and personal care sectors. However, intermittent disruptions in supply chains due to extreme weather events slightly influenced market sentiment.
Monoethanolamine Price Chart
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In Asia, increased production driven by higher ammonia availability and resumed industrial activity was tempered by weak downstream demand from the construction and textile sectors, which continued to face macroeconomic challenges and seasonal slowdowns. Europe experienced a bearish outlook as economic sluggishness and declining activity in construction led to softer MEA demand, despite adequate feedstock availability. Similarly, the Middle East and Africa region saw subdued market activity, with high inventory levels and limited downstream consumption exerting downward pressure on pricing trends. Globally, the MEA market remained resilient, supported by its diverse applications across industries, particularly in gas treatment and surfactants.
Analyst Insight
According to Procurement Resource, going forward too not much change is expected in the MEA market dynamics as the prices are likely to remain subject to the variations in upstream feedstock markets.
Procurement Resource provides latest prices of Monoethanolamine. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Monoethanolamine
Monoethanolamine (MEA) is a colorless, viscous organic compound. It is both a primary amine and an alcohol, combining the properties of both functional groups. MEA is highly soluble in water and exhibits hygroscopic behavior, making it suitable for various chemical reactions and applications. It is primarily used as an absorbent for carbon dioxide (CO2) and hydrogen sulfide (H2S) in gas treatment processes. Additionally, MEA serves as a key raw material in the production of detergents, surfactants, herbicides, and corrosion inhibitors, reflecting its versatility and industrial importance.
Monoethanolamine Product Details
| Report Features | Details |
| Product Name | Monoethanolamine |
| HS Code | 29221110 |
| Chemical Formula | C2H7NO |
| Molecular Weight | 61.08 |
| Synonyms | Ethanolamine |
| CAS number | 141-43-5 |
| Supplier Database | BASF SE, Dow, Nouryon, Nippon Shokubai Co., Ltd., Sabic |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Monoethanolamine Industrial Uses
Monoethanolamine (MEA) is a versatile chemical with significant industrial applications and importance. It is widely used as an absorbent in gas treatment processes, particularly for removing carbon dioxide (CO2) and hydrogen sulfide (H2S) from natural gas and flue gases. MEA serves as a key intermediate in the production of surfactants, detergents, and emulsifiers for cleaning and personal care products. It is also utilized in the manufacture of herbicides, corrosion inhibitors, and textile auxiliaries. Its industrial significance lies in its ability to enhance efficiency, improve environmental compliance, and support diverse manufacturing processes across multiple sectors.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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