Indonesia Ethanolamines Market (2024-2030) Outlook | Forecast, Industry, Trends, Analysis, Growth, Share, Companies, Revenue, Value & Size

Market Forecast By Type (Monoethanolamine (MEA), Diethanolamine (DEA), Triethanolamine (TEA) ), By Application (Herbicides, Surfactants, Chemicals, Gas Treatment, Cement) And Competitive Landscape

Product Code: ETC093527	Publication Date: Jul 2023	Updated Date: May 2024	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Indonesia Ethanolamines Market Competition 2023

Indonesia Ethanolamines market currently, in 2023, has witnessed an HHI of 4852, Which has increased moderately as compared to the HHI of 3270 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Indonesia Export Potential Assessment For Ethanolamines Market (Values in USD Thousand)

Indonesia Ethanolamines Market Synopsis

Indonesia is one of the major markets for ethanolamines, owing to its increasing demand from various end-use industries. Ethanolamines are used in a wide range of applications such as cleaning and degreasing agents, solvents, emulsifiers, corrosion inhibitors and surfactants. The growing demand for these products from different sectors such as agriculture, pharmaceuticals and cosmetics has contributed substantially to the growth of the Indonesia market for ethanolamines.

Market Trends

The increasing use of bioethanolamine due to environmental awareness among consumers has been driving the global ethanolamines market growth in Indonesia. This type of product is produced by breaking down natural sources into simple forms which can be used in multiple industries. Furthermore, manufacturers have been focusing on launching new innovative products with better performance features that allow them to gain competitive advantage over their competitors. For instance, US based Huntsman Corporation launched amino ether sulfate?based cold water detergents designed specifically for textile industry which improves wetting & leveling properties while providing high wash efficiency at low concentrations levels thus making it energy efficient when compared to traditional ethylene oxide-based detergents.. Moreover, rising trend towards green chemistry technology is also anticipated to provide ample opportunities across this region during forecast period (2021 - 2026).

Market Drivers

The rising demand from industrial sector coupled with growing consumer preference towards organic products have been driving the growth of Indonesia market for ethanolaminess considerably over past few years. Growing automotive industry along with expanding manufacturing sector has further boosted up consumption rates across Indonesia particularly in Jakarta region where majority automobile companies have set up their production units resulting into increased requirements for associated chemicals including ethanolaminesses. In addition government policies promoting foreign investments along with supportive tax regulations pertaining import-export activities have positively influenced trade dynamics thereby fuelling overall business operations throughout country?s landscape over past few years.

COVID-19 Impact on the Market

The Indonesia ethanolamines market is expected to witness a moderate decline in revenue growth during the forecast period due to the disruption of supply chains caused by COVID-19. Due to global pandemic, there has been a decrease in demand from various sectors such as automotive, construction, and other industrial applications that consume ethanalamines. Moreover, domestic production was also affected due to lockdown imposed across different provinces which created an imbalance between supply and demand of ethanalamines.

Challenges of the Market

The major challenge for ethanolamines manufacturers in Indonesia is meeting stringent regulations regarding their product quality set by both local governments as well as international organizations like European Union (EU). Additionally, fluctuations in raw material prices such as methanol and ammonia have resulted into increased cost for production resulting reduced profit margins. This further creates difficulty for new entrants planning to join this industry.

Industry Key Players

Some of the key players operating in Indonesia Ethanolamine Market are PT Agung Sepatu Raya (Indonesia), PT Anugerah Industri Kimia Sejahtera (Indonesia), PT Petra Mas Chemicals Industries (Indonesia), Sanyo Chemical Industries Ltd.(Japan) GEO Specialty Chemicals Inc.(US) Akzo Nobel N.V.(Netherlands) BASF SE (Germany).

Key Highlights of the Report:

Indonesia Ethanolamines Market Outlook
Market Size of Indonesia Ethanolamines Market, 2020
Forecast of Indonesia Ethanolamines Market, 2027
Historical Data and Forecast of Indonesia Ethanolamines Revenues & Volume for the Period 2023 - 2027
Indonesia Ethanolamines Market Trend Evolution
Indonesia Ethanolamines Market Drivers and Challenges
Indonesia Ethanolamines Price Trends
Indonesia Ethanolamines Porter's Five Forces
Indonesia Ethanolamines Industry Life Cycle
Historical Data and Forecast of Indonesia Ethanolamines Market Revenues & Volume By Type for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Ethanolamines Market Revenues & Volume By Monoethanolamine (MEA) for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Ethanolamines Market Revenues & Volume By Diethanolamine (DEA) for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Ethanolamines Market Revenues & Volume By Triethanolamine (TEA) for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Ethanolamines Market Revenues & Volume By Application for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Ethanolamines Market Revenues & Volume By Herbicides for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Ethanolamines Market Revenues & Volume By Surfactants for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Ethanolamines Market Revenues & Volume By Chemicals for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Ethanolamines Market Revenues & Volume By Gas Treatment for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Ethanolamines Market Revenues & Volume By Cement for the Period 2023 - 2027
Indonesia Ethanolamines Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
Indonesia Ethanolamines Top Companies Market Share
Indonesia Ethanolamines Competitive Benchmarking By Technical and Operational Parameters
Indonesia Ethanolamines Company Profiles
Indonesia Ethanolamines Key Strategic Recommendations