Global Triethylenetetramine Market Sales Size- Industry Trends & Forecast 2027
The Global Triethylenetetramine Market Sales size was calculated to be USD xx billion in 2016 and is expected to take a surge at a CAGR of …. % till 2027 with an approximate value of USD xx till the forecast year. The market for triethylenetetramine has had significant growth as the leading manufacturers in the competitive landscapes have been diligent to the current demand-supply. By providing new strategies and a wide array of applications of the Triethylenetetramine. Additionally, the extensive application of triethylenetetramine such as textiles, resin, adhesives, and automotive are expected to drive the growth in the forecast period.
Global Triethylenetetramine Market Overview
The market’s major supporting factor is the fact that it has multiple medical and related uses. The foremost application of this chemical is it acts as a chelating agent that’s heavily used in the binding and removal of copper in the body for the treatment of Wilson’s disease.
Triethylenetetramine is known as trientine (INN) is a compound, organic one. It has the chemical formula (CH2NHCH2CH2NH2)2, it’s an oily liquid that is colorless but on exposure to air-oxidation imparts yellowish in color. The applications and the reactivity of TETA are like those for the related diethylenetriamine and polyamines ethylenediamine. Also, it is widely used as a crosslinker ("hardener") in epoxy curing.
Global Triethylenetetramine Forecast and Trends
Application of triethylenetetramine in Resins
As the resins epoxy are widely used and have applications. In several industries, then it is hereby anticipated that it will be promoting market growth at the highest in the forecast period. Because resins further have a large market to cater to then eventually it sure does get manufactured on a very large scale. Its property to act as a corrosion inhibitor is one of the many methods available to protect metals against corrosion. TETA also aids in inhibiting the corrosion of zinc metal.
Resin epoxy is applied in the industries such as Building & Construction, Automotive, general industrial, wind power, large & heavy vehicles & railroads, aerospace/aircraft, etc. This indirect dominance of the resin epoxy market through the triethylenetetramine would be one of the major growth drivers for the relevant market.
Extensive applications in the medical and related field
The hydrochloride salt of TETA is a chelating agent as it helps binding and removes copper from the body treating Wilson’s disease (It is a genetic disorder in which an excessive amount of copper builds up in the human body). After the application of it, the serum aminotransferase levels generally improved or were stable during treatment with trientine in the subjected patient. Also, there have been no clinical reports of acute liver injury with jaundice attributed to trientine, even with overdoses making it widely popular.
In people who are intolerant to D-penicillamine.
The TETA also acts as an oxidant because it helps in suppressing copper-mediated stress(oxidative). Not only does it increase urinary CU excretion but also decreases intestinal copper absorption by 80%. All these factors will help in the spurge of the market in the forecast period.
Side effects of the TETA on consumption as a medical therapy
Apart from the TETA’s popularity among the medical application, it’s known to have certain side effects. The side effects are known to arise after consumption for the treatment of Wilson’s disease. As it is a very minute setback, but this could negatively affect the market of the TETA in the medicinal and pharma industries. The constant research and developments are made as they could really cause hindrance in their widespread application in the forecast period. The most common forms of side effects are nausea, skin rash, inflammation of the large bowel resulting in pain and diarrhea, and inflammation of the duodenum.
Impact of COVID 19 on Industry
In recent times, the global COVID-19 pandemic has hit unexpectedly, which has caused a sudden pause to manufacturing activities across the globe, affecting the demand for chemicals that are to be used in primary production on manufacturing goods. The most critically impacted end-use segments of the TETA industry include automotive & transportation, consumer goods, construction, resin epoxy coating of industrial equipment, and electronics, etc. But as the markets worldwide are gaining momentum, the betterment of the situation is going prevalent. Starting from the construction, automotive & transportation followed by resin epoxy coating industrial equipment and so on.
Global TETA Market Segmentation: By Type
The TETA market is segmented into 3 levels of the concentration of the purity of the compound. These 3 are High concentration, Medium Concentration, and Low concentration. These are clearly based on the purity concentrations of the compound. The concentration works best under the given suitable conditions and the application it’s getting associated with. The higher accuracy and rapid results are seen with the application of a High concentration of TETA. But with it, many other factors like high toxicity come making them more unusable among pharmaceuticals. Therefore, their ideal usage would be in Resin epoxy and corrosion prevention. Hence making it the most widely used type in the relevant market.
Global TETA Market Segmentation: By Application
Based on the Application, the TETA market is divided into Pharmaceuticals, Corrosion chemicals, Bitumen chemicals, Epoxy cumin agents, Dye. All of these are major applications in which the TETA is involved. But the largest share is hence occupied by the Corrosion chemicals and Epoxy cumin agents’ segment. The recent advancements in the demands of these markets have propelled the market growth significantly. Moreover, the rise in growing industries and constructions in developing countries has specifically aided with the mentioned growth.
Global TETA Market Segmentation: Regional Insights
Due to recent developments taking place in the Asia Pacific, on large scales. The market there for TETA is taking an elevation because of the exponential growth population in nations like India, Malaysia, Vietnam, Brazil, and China. The increase in constructional activities in the emerging countries throughout South East Asia will help in the market spurge. Also, in North America, continuous, R&Ds are being done for making the pharmaceutical application of TETA more acceptable and this will pump the market’s growth.
The competitive ground is shared by AkzoNobel, Delamine, Diamines & Chemical Limited, Huntsman, DowDuPont, Tosoh Corporation among many others.
Scope of the Report
Historical data – 2016-2019
Base Year – 2020
Forecast – 2020 – 2027
Revenue in USD Billion
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, UAE, South Africa, Saudi Arabia.
By Type, By Application, By Region
The major companies AkzoNobel, Delamine, Diamines & Chemical Limited, Huntsman, DowDuPont, Tosoh Corporation among other prominent players.
Scope of the Report
● Low Concentration
● Medium Concentration
● High Concentration
● Corrosion chemicals
● Bitumen chemicals
● Epoxy cumin agents
● Asia Pacific
● North America
● Middle East & Africa
● Latin America