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Global Isopropanolamine Market Size, Share, Growth, Trends, Price, Forecast: By Derivatives: Monoisopropanolamine (MIPA), Diisopropanolamine (DIPA), Triisopropanolamine (TIPA); By Application: Cement and Concrete Processing Aids, Gas Purification, Surfactants, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2023-2028
Global Isopropanolamine Market Outlook
The global isopropanolamine market size is expected to grow at a CAGR of 4.40% between 2023 and 2028. The market is being driven by the growing expansion of end use sectors such as oil and gas, personal care, and construction, among others.
Key Trends in the Market
Isopropanolamine is a colourless chemical compound with a characteristic odour, which reacts violently with strong oxidants, cellulose nitrate, and nitric acid, among other compounds. The molecular mass of isopropanolamine is 75.11 and it has a boiling point of 159.5°C. Isopropanolamines are proficient at solubilising fats and oils, due to which they have various applications, however, this compound is corrosive to eyes, skin, and respiratory tract.
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- The rising demand for isopropanolamine from the cosmetics sector, to produce high-quality formulations and beauty products, is driving the isopropanolamine market growth. Various isopropanolamines are used to control the pH levels of personal care products and cosmetics, supporting emulsion formation.
- Increasing applications of isopropanolamine in the manufacturing of cement and concrete is being witnessed. In this regard, the growing infrastructural development activities across developing countries are expected to escalate the incorporation of isopropanolamine in residential and commercial construction projects in the forecast period.
- The favourable structural properties of isopropanolamine and its ability to readily react with water makes it useful in the production process of various industrial products, including corrosion inhibitors, metalworking fluids, emulsifiers, and detergents, among others, which is further aiding the isopropanolamine market.
Market Analysis
Based on derivatives, the market is segmented into monoisopropanolamine (MIPA), diisopropanolamine (DIPA), and triisopropanolamine (TIPA). On the basis of application, the market is classified into cement and concrete processing aids, gas purification, cosmetic formulations, surfactants, metalworking fluids, corrosion inhibitors, and emulsifiers and dispersants, among others. The regional markets for isopropanolamine are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global isopropanolamine market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Hongbaoli Group Co., Ltd.
- The Dow Chemical Company
- BASF SE
- Biesterfeld AG
- Orion Chem Pvt Ltd.
- Amines & Plasticizers ltd
- Saiper Chemicals Pvt Ltd.
- Others
Market Share by Derivatives
The diisopropanolamine (DIPA) segment, based on derivatives, accounts for a healthy share of the isopropanolamine market. This can be attributed to the widespread industrial utility of this compound, such as in the manufacturing of detergents, cosmetics, and pharmaceuticals, among other products. It is also used as a corrosion inhibitor across several sectors like water treatment and oil and gas. Over the forecast period, the triisopropanolamine (TIPA) segment is likely to witness fast growth, driven by the heightening usage of its downstream products in the rubber production.
Market Share by Region
Europe is anticipated to account for a decent share in the market for isopropanolamine. Increasing demand for isopropanolamine across the personal care and cosmetics sector in well-established economies such as United Kingdom and Germany is driving the growth of market for isopropanolamine in Europe.
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Meanwhile, the Asia Pacific is expected to be a fast-growing region in the isopropanolamine market, driven by the presence of local manufacturers and rapid expansion of the oil and gas sector. Increasing sales of consumer products, increasing population, and expanding construction sector are further contributing to the growth of the market for isopropanolamine in the Asia Pacific.
Competitive Landscape
Hongbaoli Group Co., Ltd., founded in 1987 and headquartered in Nanjing, China, is a leading chemicals company engaged in researching, developing, producing, and marketing polyol and isopropanolamine. Among the company’s key products are isopropanolamine, formulated polyol, propylene oxide, and monomer polyether.
The Dow Chemical Company is a materials science company that is one of the largest suppliers of plastic, synthetic fibre, and agricultural products, among others. Established in 1897 and headquartered in Michigan, United States, the company caters to packaging, infrastructure, and consumer care industries.
BASF SE is a multinational manufacturing company founded in 1865 and headquartered in Ludwigshafen, Germany. The key segments of BASF company are chemicals, industrial solutions, materials, surface technologies, agricultural solutions, and nutrition and care, offering a wide range of products and cross-industry solutions.
Other market players include Biesterfeld AG, Orion Chem Pvt Ltd., Amines & Plasticizers ltd, and Saiper Chemicals Pvt Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Derivatives |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Isopropanolamine Market Analysis
8.1 Key Industry Highlights
8.2 Global Isopropanolamine Historical Market (2018-2022)
8.3 Global Isopropanolamine Market Forecast (2023-2028)
8.4 Global Isopropanolamine Market by Derivatives
8.4.1 Monoisopropanolamine (MIPA)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Diisopropanolamine (DIPA)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Triisopropanolamine (TIPA)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Isopropanolamine Market by Application
8.5.1 Cement and Concrete Processing Aids
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Gas Purification
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Cosmetic Formulations
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Surfactants
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Metalworking Fluids
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Corrosion Inhibitors
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Emulsifiers and Dispersants
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2018-2022)
8.5.7.3 Forecast Trend (2023-2028)
8.5.8 Others
8.6 Global Isopropanolamine Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Isopropanolamine Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Isopropanolamine Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Isopropanolamine Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Isopropanolamine Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Isopropanolamine Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Hongbaoli Group Co., Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 The Dow Chemical Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 BASF SE
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Biesterfeld AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Orion Chem Pvt Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Amines & Plasticizers ltd
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Saiper Chemicals Pvt Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Isopropanolamine Market: Key Industry Highlights, 2018 and 2028
2. Global Isopropanolamine Historical Market: Breakup by Derivatives (USD Million), 2018-2022
3. Global Isopropanolamine Market Forecast: Breakup by Derivatives (USD Million), 2023-2028
4. Global Isopropanolamine Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Isopropanolamine Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Isopropanolamine Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Isopropanolamine Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Isopropanolamine Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Isopropanolamine Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Isopropanolamine Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Isopropanolamine Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Isopropanolamine Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Isopropanolamine Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Isopropanolamine Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Isopropanolamine Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Isopropanolamine Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Isopropanolamine Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Isopropanolamine Market Structure.
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.40% between 2023 and 2028.
Rising demand for isopropanolamine from the cosmetics sector, increasing construction activities across emerging economies, inflating disposable income, and growing oil and gas exploration activities, are the major drivers of the market.
The key trends in the market include technological advancements, increasing demand for gas purification, expansion of sectors such as oil and gas and water treatment, and rising hygienic consciousness.
Monoisopropanolamine (MIPA), diisopropanolamine (DIPA), and triisopropanolamine (TIPA) are the different derivatives of isopropanolamine in the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Cement and concrete processing aids, gas purification, cosmetic formulations, surfactants, metalworking fluids, corrosion inhibitors, and emulsifiers and dispersants, among others, are the major applications of isopropanolamine in the market.
Isopropanolamine belongs to the class of organic compounds.
Hongbaoli Group Co., Ltd., The Dow Chemical Company, BASF SE, Biesterfeld AG, Orion Chem Pvt Ltd., Amines & Plasticizers ltd, and Saiper Chemicals Pvt Ltd., among others, are the key isopropanolamine market players, according to the report.
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