[FURL=https://www.industryarc.com/Report/15841/ethylenediamine-market.html]Ethylenediamine Market[/FURL] size is forecast to reach $3 billion by 2025, after growing at a CAGR of 8.05% during 2020-2025. With rise in elastomeric fibers, plastic lubricants, chelating agents, rubber processing additives, bleach activators, corrosion inhibitors, fungicides, and textile additives among others. On the other hand, bio-accumulation potential, toxicity to aquatic life, low flashpoint, and prone to catching fire are some of the hazardous factors that is hindering the growth rate of the global ethylenediamine market.Key Takeaways
Asia-Pacific dominates the Ethylenediamine market owing to increasing demand from applications such as fuel additives, lubricating oils, chelating agents, corrosion inhibitors among others.
The growing use of corrosion inhibitors, is likely to aid in the market growth of Ethylenediamine
will increase the market demand for Ethylenediamine in the near future.
COVID 19 pandemic will create hurdles for the Ethylenediamine market
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Ethylenediamine Market Segment Analysis - By Geography
APAC dominated the Ethylenediamine market with a share of more than xx%, followed by North America and Europe. Countries such as China and India are the major market in this region. APAC consist a very dominant part in the world’s roadway network because of the large area it acquired. Whereas AH1 is the longest route of the Asian Highway Network, running from Tokyo, Japan via Korea, China, Southeast Asia, Bangladesh, India, Pakistan, Afghanistan and Iran to the border between Turkey and Bulgaria west of Istanbul where it joins end-on with European route E80. Roadways networks were always built because of the increase in number of vehicles and as the no. of vehicles increases the market for Ethylenediamine will also grow, owing to the increasing usage of corrosion inhibitors.
Ethylenediamine Market Drivers
Growing demand for light- weighted and efficient automobiles
Stringent Environment Regulations by Governments
Ethylenediamine Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Ethylenediamine market. In 2019, the market of Ethylenediamine has been consolidated by the top five players accounting for xx% of the share. Major players in the Ethylenediamine Market are Dow Chemical Company, Mitsubishi Gas Chemical Company, BASF SE, AkzoNobel N.V., Arkema SA, Alkyl Amines Chemicals Ltd., among others.
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