Acetamide MEA Market- Industry Analysis and Forecast (2024-2030)

Acetamide MEA Market size was valued at US$ 58.02 Bn. in 2023 and the total revenue is expected to grow at 3.9% through 2024 to 2030, reaching nearly US$ 75.84 Bn.
Acetamide MEA Market Overview:
The Acetamide MEA market is expected to grow significantly with a CAGR of 3.9% during the forecast period. The Acetamide MEA market is segmented on the basis of product type, function, application and region. On the basis of product type, the market is segmented into 75% purity and 100% purity types. Furthermore, on the basis of function the market is sub-segmented into conditioning agent, skin conditioning agent, surfactant, humectant and thickener. On the basis of application, the market is segmented into cosmetics and personal care products. Geographically the market is segmented into North America, Europe, Asia-Pacific, Middle-East and Africa and South America.To know about the Research Methodology :- Request Free Sample Report
Acetamide MEA Market Dynamics:
The global market is projected to experience significant growth during the forecast period as the market conditions are conducive and receptive to the changes in the market. Acetamide MEA Market size was valued at US$ 55.85 Bn. in 2022 and the total revenue is expected to grow at 3.9% through 2024 to 2030, reaching nearly US$ 67.63 Bn. It is a form of amide that is synthesized using monoethanolamine (MEA) and acetamide. It is produced in two types; one is in the pure form and the other is in the form of an aqueous solution with 70 to 75 percent concentration. The alternative name of Acetamide MEA is Ethanolamine.

The key market driving agent for Acetamide MEA Market is its usage in cosmetics and personal care products. It is deployed as wetting agent, coupling agent and also as a solubilizer. All the aforementioned factors are driving the market upwards and are projected to do so during the forecast period as well. One of the other market drivers for market is the rising concern amongst people regarding skin infections due to ill-effects of pollution. Additionally, the environmental effects on hair is also a major concern for many consumers owing to which the personal care and cosmetics market is undergoing a growth and expansion stage which is further reinforcing the growth of Acetamide MEA market during the forecast period.

There is rising trend of opting for specialized skin and hair treatments by consumers is fueling the global Acetamide MEA market. These specialized treatments nullify or reduce the effects of pollutants on skin and hair. Consumers are now more aware than ever of the ill-effects of pollutants and hence look for cosmetic repair treatments clinically. Additionally, there is great demand for Acetamide MEA products for surfactants production that is fueling the global Acetamide MEA market upwards. In terms of market restraints, stringent environmental laws and safety regulations are expected to hamper the market growth.
Segment Analysis:
The Acetamide MEA market is segmented on the basis of product type, function, application and region. On the basis of product type, the Acetamide MEA market is segmented into 75% purity and 100% purity types. On the basis of function the market is sub-segmented into conditioning agent, skin conditioning agent, surfactant, humectant and thickener. The skin conditioning agent type segment is projected to hold major market share during the forecast period due to its great demand in the cosmetic industry as solubilizer and coupling agent. These factors are driving the market upwards.

On the basis of application, the Acetamide MEA market is segmented into cosmetics and personal care products. Both the segments are projected to witness significant growth as there is increasing demand of Acetamide MEA in both cosmetics and personal care products owing to its ability to function as binding agent.
Regional Insights:
North America and Europe collectively are projected to account for a significant share of acetamide MEA market and are expected to grow at significant rate during the forecast period due to the well-established cosmetics and personal care industry, as well as continuous product innovation and development for advancing skin and hair treatment products. The consumers present in North America and European region are well aware of the ill-effects of pollution on their skin and hair and hence are cautious while selecting cosmetics and conditioners for their personal use. This awareness coupled with presence of top global Acetamide MEA manufacturers in the region is projected to drive the growth upwards.

Asia Pacific region is expected to witness rapid growth and account for a large portion of the global acetamide MEA market, owing to rising demand for health and skincare products in emerging nations such as China. Since the developing economies are also experiencing increase in disposable incomes, the consumers in the constituent countries have raised their standard of living and can now afford additional cosmetic products. All these aforementioned factors are driving the Acetamide MEA Market in the Asia-Pacific region.

The objective of the report is to present a comprehensive analysis of the Acetamide MEA market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Acetamide MEA market dynamics, structure by analyzing the market segments and project the Acetamide MEA market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Acetamide MEA market make the report investor’s guide.
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Acetamide MEA Market


Base Year
2023
Forecast Period
2024-2030


Historical Data
CAGR
Market Size in 2023
Market Size in 2030


2018 to 2023
3.9%
US$ 58.02 Bn
US$ 75.84 Bn


Segments Covered


by Product Type
75% Purity
100% Purity
by Function
Conditioning Agent
Skin Conditioning Agent
Surfactant
Humectant
Thickener
by Application
Cosmetics
Personal Care


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Acetamide MEA Market Key Players
1. Solvay SA (Belgium)
2. Henan DaKen Chemical (China)
3. Lubrizol Corp (US)
4. Redox Pty Ltd. (Australia)
5. Shanghai Time Chemicals (China)
6. Vantage Specialty Chemicals (US)
7. ALB Technology (US)
8. Henan Tianfu Chemical (China)
9. Indenta Chemicals (India)
10.DuPont (US)
11.Croda (UK)
12.Jeen International (US)
13.Afine Chemicals (China)
14.AppliChem Gmbh (Germany)
15.TCI Chemicals (India)

Frequently Asked Questions:

1. Which region has the largest share in Global Acetamide MEA Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global Acetamide MEA Market?
Ans: The global market is growing at a CAGR of 3.9% during forecasting period 2024-2030

3. What is scope of the Global Acetamide MEA Market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Acetamide MEA Market?
Ans: The important key players in the global market are – Solvay SA (Belgium), Henan DaKen Chemical (China), Lubrizol Corp (US), Redox Pty Ltd. (Australia), Shanghai Time Chemicals (China), Vantage Specialty Chemicals (US), ALB Technology (US), Henan Tianfu Chemical (China), Indenta Chemicals (India), DuPont (US), Croda (UK), Jeen International (US), Afine Chemicals (China), AppliChem Gmbh (Germany), and TCI Chemicals (India)

5. What is the study period of this Market?
Ans: The Global Acetamide MEA Market is studied from 2023 to 2030