N-MDEA Market: Key Highlights
· The globalN-MDEA market was valued at ~US$ 634 Mn in 2018 and isanticipated to expand at a CAGR of ~6% during the forecast period
· N-MDEA is widely used for gas sweetening or amine gastreating processes in the oil & gas industry, as it offers excellentresistance to thermal and chemical degradation in the gas treating process. Itis also immiscible with hydrocarbons. It also has low vapor pressure, thusallowing for high amine compositions to flow through the absorber andregenerator without much loss. This is expected to drive the global N-MDEAmarket during the forecast period.
Key Drivers of N-MDEA Market
· N-MDEA isa commonly used as a solvent for treating gases in order to remove H2S and CO2.The process is commonly known as the gas sweetening process, as the odor of theprocessed product improves due to the absence of hydrogen sulfide. The amine gastreating process is commonly employed in refineries, petrochemical plants, thefood & beverages industry, and natural gas processing plants.
· Led byits inherent low corrosive activity, N-MDEA is extensively used as a potentialsolvent for acid gas treatment than N-methyl monoethanolamine (MEA) anddiethanolamine (DEA). N-MDEA is a tertiary amine; therefore, it requires lessregeneration energy than primary and secondary amines. Thus, it is an idealsolvent for the gas sweetening process.
· N-MDEA isemployed in the cationic modification of acrylic polymer dispersions in thepaints & coatings industry. It is also used as a catalyst for urethane andepoxy resin coating systems.
· Other enduses of N-MDEA include formulator in lubricating oil, hydraulic fluids, corrosioninhibitor, refractory binder, and surface-active agent. It is also used inherbicides and pesticides. Furthermore, N-MDEA is extensively employed in thetreatment of industrial wastewater and catalyst for polyurethane foamproduction.
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Extensive Use of N-MDEA 99% in Oil & GasIndustry
· N-MDEA 99% isthe purest form of N-MDEA. In terms of product, the N-MDEA 99% segmentaccounted for a prominent share of the global N-MDEA market in 2018.N-MDEA 99% is extensively used in the amine gas treatingprocess in the oil & gas industry.
· N-MDEA 99% isan extensively manufactured product type across the globe. It is used in theoil & gas industry for the gas treating process. The purest form of N-MDEAcan remove H2S and CO2 from the mixture of sour gas. N-MDEA 99% iscommonly used in refineries, petrochemical plants, and natural gas processingplants. Additionally, N-MDEA 99% is also employed in the food & beveragesindustry for CO2 removal.
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Health Hazards Associated With N-MDEA to HamperN-MDEA Market
· N-MDEA ismanufactured and handled primarily in closed processes in industrial settings.This limits its exposure. The usage of N-MDEA is limited by regulatory agenciessuch as the European Chemicals Agency (ECHA) and the U.S. EnvironmentalProtection Agency (EPA). N-MDEA exposure may cause irritation to the eyes andskin. These factors are anticipated to hamper the global N-MDEA market in thenear future.
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Asia Pacific to Lead N-MDEA Market
· AsiaPacific dominated the global N-MDEA market in 2018. Asia Pacific contains morethan half the global population and emerging economies, which a major reasonfor the high demand for N-MDEA in the region. International players are alsofocusing on investing in Asia Pacific.
· Chinaheld a major share of the N-MDEA market in Asia Pacific in 2018. The N-MDEAmarket in the country has been expanding at a steady pace, owing to the stablegrowth of oil & gas and textile industries across the country. Growth inFDI investments in India and ASEAN countries is projected to drive textile andpaints & coatings industries in the region.
· Demandfor N-MDEA in North America is estimated to remain high due to the prevalenceof shale gas resources in the region
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N-MDEA Market: Key Market Players
· Theglobal N-MDEA market is highly consolidated. It is dominated by large-scalecompanies operating around the world. The top four companies - EastmanChemical Company, The Dow Chemical Company, BASF SE, and Amines &Plasticizers Ltd. - together accounted for more than 35% marketshare in 2018.
· BASF SEheld 9% share of the N-MDEA market in 2018. The company has extensiveproduction and storage facilities in Europe, North America, and Asia Pacific.It primarily manufactures N-MDEA for gas treating applications for selectiveremoval of H2S from acid gas streams in refineries and sales gas streams.
· Other keyplayers operating in the global N-MDEA market include Huntsman Corporation, IINEOS GROUP HOLDINGSS.A., Sichuan Institute of Fine Chemical Industry Research and Design, YixingXingguang Baoyi Chemical Co. Ltd., and Sintez OKA Group of Companies
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