February 18, 2025
N-Methyl Diethanolamine (MDEA) Market

Rising Use Of Natural Gas Is Anticipated To Openup The New Avanue For N-Methyl Diethanolamine (MDEA) Market

The N-Methyl Diethanolamine (MDEA) Market is estimated to be valued at US$ 671.62 Bn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

N-Methyl Diethanolamine or MDEA is a colorless liquid that is soluble in water and polar organic solvents. It is mainly used as an acid gas scrubbing agent in natural gas processing and refineries. MDEA selectively removes hydrogen sulfide and carbon dioxide from gaseous streams. It is used in gas sweetening and natural gas processing plants to purify natural gas streams before further distribution or liquefaction. The purified natural gas finds wide usage in industries and households.

Market Dynamics:

The rising natural gas production and increasing demand for cleaner fuels are the major drivers of MDEA market. Natural gas reserves have increased substantially in North America due to shale gas exploration. Countries are also investing heavily in natural gas infrastructure to replace coal and fuel oil with natural gas in various sectors. Additionally, stringent environmental regulations regarding sulfur emissions are favoring the adoption of MDEA in acid gas cleaning applications. On the other hand, volatility in raw material prices remains a challenging factor. Fluctuations in crude oil prices affect the prices of derivative products like MDEA. However, growing energy needs and focus on cleaner fuels are expected to boost the MDEA market over the forecast period.

Segment Analysis

N-Methyl diethanolamine (MDEA) finds its key application in natural gas treatment. Within natural gas treatment, amine gas treating is the dominating sub-segment. MDEA is mainly used as a solvent in amine gas treating process to remove acid gases like hydrogen sulfide and carbon dioxide from natural gas and refinery gas streams. It is dominant because MDEA offers higher absorption capacity and is more economical compared to other amines used for the same application.

PEST Analysis

Political: The policies supporting natural gas sector growth and emission regulations on acid gas will positively influence the MDEA market.
Economic: With rising energy demand and focus on cleaner sources, natural gas production and transportation is growing creating demand for MDEA.
Social: Growing awareness about environmental protection and sustainability is driving regulations to curb acid gas emissions from petroleum refining and natural gas facilities.
Technological: New technologies to cost-effectively extract and process tight and shale gas reserves are expanding sources of natural gas boosting MDEA consumption.

Key Takeaways

The global N-Methyl Diethanolamine (MDEA) Market Size is expected to witness high growth, exhibiting CAGR of 5.6% over the forecast period, due to increasing natural gas production and refinery off-gas streams. The Asia Pacific region is expected to witness fastest growth in the MDEA market owing to rising energy needs of India and China along with expanding refining capacity.
North America currently dominates the global MDEA market led by United States due to significant shale gas reserves and refinery capacities in the region. Stringent environmental norms regarding acid gas emissions from oil and gas facilities also support market growth.
Key players operating in the N-Methyl diethanolamine (MDEA) market are DowDuPont Inc., BASF SE, Eastman Chemical Company, Huntsman Corporation, Ineos Group Limited, Amines & Plasticizers Ltd., Sintez OKA Group, Advance Petrochemicals Ltd., Maoming Yunlong Industrial Development Co. Ltd., Nippon Nyukazai Co., Ltd., and Jiangsu Taihu New Materials Holding (Yancheng) Co., Ltd.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →