Cocamide Diethanolamine Market Share

APAC Market Forecast

The cocamide diethanolamine market is attributed to hold the largest revenue share of about 35% during the forecast period. One of the main drivers of the market expansion is the extensive usage of cocamide diethanolamine in the cosmetics sector. The product's superior foaming ability and its application as an emulsifying agent, particularly in the pharmaceutical and personal care sectors, are driving the market's expansion. Furthermore, companies are being forced to embrace cocamide diethanolamine due to the increasing globalization and fast-changing cocamide diethanolamine market conditions. Diethanolamine is an ethanolamine molecule that is widely used in personal care and cosmetic products as well as the pharmaceutical industry. Diethanolamine also finds application in the oil and gas, agricultural, construction, and other sectors as a gas treatment agent, corrosion inhibitor, reactive agent, and surfactant. Furthermore, the National Economic and Social Development Council (NESDC) reports that public sector spending increased by 5.0% in 2020 compared to 3.1% in 2019 and that overall construction spending in Thailand increased by 1.5% to THB1.321 trillion.

North American Market Statistics

The cocamide diethanolamine (CDEA) market is estimated to hold second second-largest revenue share of about 28% during the forecast period. Growing consumer demands for cosmetic and skincare items as well as shifting consumer preferences are having an impact on the market. The substantial output levels and export potential of areas such as North America. The rising demand for cosmetics and personal hygiene products is predicted to propel North America to take the lead.