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Expert Opinion: Global Alkanolamide Market
Analyst Luke from ASSO International Consulting estimates that the global alkanolamide market is expected to reach $900 million by 2030.Alkanolamides are a class of nonionic surfactants that include Monoethanolamide and Diethanolamide chemistries and are commonly used in chemical compounding applications as humectants, conditioners, emulsifiers, wetting agents, thickeners, foam stabilizers, and more. Alkanolamides are typically used in Personal Care Products, cosmetic, and toiletry applications as well as houshold, institutional and industrial (HI&I) applications in a wide range of products.
The major global manufacturers of alkanolamides are located in the United States, Japan and China. The historical growth rate of alkanolamides is quite close to the GDP of various places because the downstream market is closely related to the growth rate of the economy.
The following pie chart is the global consumption share of Alkanolamides released by ASSO International Consulting in 2021:
Source: ASSO Consulting Company
Analyst point of view 1: ASSO International Consulting analyst Luke said that ASSO estimates the global market size to be US$700 million in 2021, and is expected to reach US$900 million by 2030, with a compound growth rate of about 3.2%. Luke believes that the market concentration in the industry is low, with major players such as Lubrizol, Colonial Chemical, Stepan and Ele Corporation occupying a small market share. This is due to the fact that the application of the product restricts the extensive internationalization of international players, and the low-priced products of local players are more competitive.
Analyst's point of view 2: Alkanolamide has several types, which include coconut oil base alkanolamide, palm oil base alkanolamide, etc. Alkanolamide is mainly used in personal care and daily chemical industry, and the daily chemical industry is the largest downstream application, occupying three one percent of the market share.
Click to view the full report TOC, figure and tables：
The Global Alkanolamide Market Research Report 2022 report released by ASSO Consulting Company provides a basic overview of the Alkanolamide industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures. The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Alkanolamide industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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