Monoethanolamine Market Report 2026

Monoethanolamine Market Overview

• Monoethanolamine market size has reached to $3.46 billion in 2025 • Expected to grow to $4.73 billion in 2030 at a compound annual growth rate (CAGR) of 6.4% • Growth Driver: Rising Demand In The Pharmaceutical Industry Fuels Growth Of The Monoethanolamine Market • Market Trend: Strategic Partnership Between BASF And OQEMA Expands Monoethanolamine Market Reach In The UK • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Monoethanolamine Market?

Monoethanolamine (MEA) is an organic compound with the formula C₂H₇NO. It is a primary amine and a member of the ethanolamine family, which includes ethanolamine and diethanolamine. MEA is a clear, thick liquid with a strong ammonia-like smell. It is commonly used in gas treatment processes to remove carbon dioxide and hydrogen sulfide from natural gas. The main monoethanolamine types are purity 99% and above and purity below 99%. Purity 99% and above monoethanolamine refers to a chemical compound that contains at least 99% monoethanolamine, ensuring minimal presence of impurities, making it suitable for various industrial and laboratory applications. It can be both liquid and solid, and has grade type that include industrial grade and pharmaceutical grade. It can be distributed through direct sales, e-commerce, and others, and is applied for detergents and cleaners, gas treatment, personal care products, herbicides, chemical intermediates, cement additives, and others.

What Is The Monoethanolamine Market Growth Forecast?

The monoethanolamine market size is expected to see strong growth in the next few years. It will grow to $4.73 billion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to carbon capture initiatives, gas processing investments, construction sector growth, specialty chemical demand, industrial efficiency improvements. Major trends in the forecast period include growing use in gas sweetening processes, rising demand from detergents and cleaners, expansion of chemical intermediate applications, increased adoption in cement and construction additives, focus on high purity industrial grades.

What Is The Driver Of The Monoethanolamine Market?

The rising application in the pharmaceutical industry is expected to propel the growth of the monoethanolamine market going forward. The pharmaceutical industry is a sector that focuses on the research, development, manufacturing, and marketing of drugs and medications to improve health and treat diseases. The pharmaceutical industry is rising due to increasing demand for advanced treatments and medications, the growing prevalence of chronic diseases, and ongoing innovations in drug development. Monoethanolamine is required in the pharmaceutical industry as a key ingredient in synthesizing various drugs, serving as a building block for producing active pharmaceutical ingredients and formulations. For instance, in April 2024, according to Eurostat, a Luxembourg-based official statistical agency of the European Union, imports of medicinal and pharmaceutical products into the EU increased by 6.1% in 2023, totalling US $128.9 billion (€119 billion) compared to the previous year. During the same period, EU exports reached US $299.9 billion (€277 billion), resulting in a trade surplus of US $171.0 billion (€158 billion). Therefore, the rising application in the pharmaceutical industry is driving the growth of the monoethanolamine industry.

Key Players In The Global Monoethanolamine Market

Major companies operating in the monoethanolamine market are BASF SE, Dow Inc., SABIC, Sasol Limited, INEOS Group, Huntsman Corporation, Eastman Chemical Company, Mitsui Chemicals, Lotte Chemical, Petronas Chemicals Group, Nouryon, Zhejiang Jianye Chemical, Alkyl Amines Chemicals Limited, Amines & Plasticizers Limited, Balaji Amines Limited, Sintez OKA Group, Jiahua Chemicals, Shijiazhuang Jinjin Chemical, OUCC (Oriental Union Chemical Corporation), Yantai Shida Chemical

Global Monoethanolamine Market Trends and Insights

Major companies operating in the monoethanolamine market are adopting a strategic partnership approach to extend their product portfolio of amines. Strategic partnerships are collaborative agreements between organizations that combine resources, expertise, or capabilities to achieve mutual business goals and competitive advantages. For instance, in February 2024, BASF SE, a Germany-based manufacturer of monoethanolamine products, partnered with OQEMA AG, a Germany-based chemical distributor company. As a result of the partnership, OQEMA will leverage its extensive distribution and sales network along with its deep understanding of the UK market. BASF, in turn, will provide high-quality, competitively priced products at scale, enhancing the combined market presence.

What Are Latest Mergers And Acquisitions In The Monoethanolamine Market?

In December 2023, Ineos Group Limited, a UK-based chemicals company, acquired the Eastman Texas City Site for an undisclosed amount. As a result of the acquisition, INEOS is thrilled to advance its global ambitions for its acetyls business. The company will immediately focus on integrating the site, business, and employees into INEOS Acetyls. Eastman Chemical is a US-based manufacturer of monoethanolamine (MEA) products.

What Defines the Monoethanolamine Market?

The monoethanolamine market consists of sales of emulsifiers, gas treatment chemicals, pharmaceutical intermediates and water treatment chemicals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Monoethanolamine Market Report 2026?

The monoethanolamine market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the monoethanolamine industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.