Cocamide Diethanolamine Market Trends

Growth Drivers

• Growing Need from the Agriculture Sector- In several agricultural compounds, diethanolamine serves as a dispersion agent and chemical intermediary. Although DEA is a colorless liquid with rapid solubility in ethanol, ethyl ether, and benzene, it is frequently seen as a colorless, viscous liquid due to its water-absorbing properties. Since ethanol increases agricultural yield, the cocamide diethanolamine market for diethanolamine is predicted to expand due to DEA's high solubility. The U.S. Department of Agriculture projects a 27% rise in fruit and nut production in 2022. Additionally, the United States maize crop production climbed by 4.13% to 360,252 thousand million tons in 2020 from 345,962 thousand million tons in 2019, according to the Organization for Economic Co-operation Development (OECD). Furthermore, by 2030, the Indian Council for Agricultural Research (ICAR) projects a 345 million tonne rise in the demand for food grains.
• The consumption of 1,2-dichloroethane is predicted to rise as rubber production rises- Chemicals utilized in rubber modification, such as tetraethyl thiuram disulfide (TETD), are produced using diethanolamine, an ethanolamine derivative. Therefore, it is predicted that the rubber sector will use more diethanolamine due to the rising need for TETD for rubber vulcanization. The Malaysian Rubber Council (MRC) reports that from 15,280 million tons in 2019 to 15,792 million tons in 2020, rubber was consumed. In addition, the Automotive Tire Manufacturers Association (ATMA) declared in 2021 that it will invest Rs. 1,100 crores over the following five years to start producing rubber in North-East India.
• Growing Product Demand in all end-use sectors- The growing demand for cocamide diethanolamine in the skincare and cosmetics sectors is propelling the business. The global cocamide diethanolamine sector is receiving a boost from the growing demand for cosmetic items. Because of its superior stabilizing qualities, cocamide DEA is utilized as a foaming agent in shampoos and other cosmetic and bathroom goods. Consequently, this has driven the rise of the cocamide diethanolamine sector. In the upcoming years, the number of applications for cocamide diethanolamine and changing consumer tastes is likely to drive expansion in the global cocamide diethanolamine market for this product.

Challenges

• Diethaloamine's detrimental effects on health and the environment- The toxic liquid chemical diethloamine (DEA) poses a risk to human health. The USA Environmental Protection Agency claims that dangerous air pollutants are caused by diethanolamine. Ethylene oxide, which is linked to cancer, can pollute diethanolamine. Organ damage and neurotoxic side effects including tremors are brought on by DEA. Diethanolamine also irritates skin, nostrils, throats, and eyes. Diethanolamine intake may therefore be restricted due to the detrimental effects on both human health and the environment.
• According to the International Agency for Research on Cancer, cocamide DEA is a type 2B carcinogen. It is anticipated that this may impede market expansion.
• Government agencies like the USDA, FDA, ECHA, and others have strict rules that could impede the expansion of the cocamide diethanolamine market .