According to the report by Expert Market Research (EMR), the global Isopropanolamine Market Size is projected to grow at a CAGR of 4.40% between 2024 and 2032. The market is driven by the expansion of end use sectors such as personal care, oil and gas, and construction, among others.
Isopropanolamines are used in the synthesis of surfactants, corrosion inhibitors, and chemical intermediates. They are valuable in the manufacture of personal care products, detergents, and in gas treatment processes. Their properties make them effective in neutralising acids in various formulations and enhancing the performance of products by stabilising pH levels.
The primary driver for the global isopropanolamine market growth is its extensive use in the personal care and cosmetic sector. The demand for skincare products, cosmetics, and personal care items that contain safe and effective ingredients is increasing globally. Isopropanolamines, due to their emulsifying and moisturising properties, are extensively utilised in these products.
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The growth in the pharmaceutical sector also fuels the demand for isopropanolamine. It is used in various pharmaceutical formulations due to its ability to act as a pH adjuster and buffer agent, ensuring the stability and efficacy of pharmaceutical products.
The isopropanolamine market is significantly influenced by the diisopropanolamine (DIPA) segment, which holds a substantial portion of the market share. This is primarily due to the extensive industrial applications of DIPA, including its use in the production of detergents, cosmetics, pharmaceuticals, and various other products. Additionally, DIPA is widely utilised as a corrosion inhibitor in sectors such as water treatment and oil and gas. The triisopropanolamine (TIPA) segment is expected to experience rapid growth during the forecast period. This growth can be attributed to the increasing demand for TIPA’s downstream products in the rubber sector, leading to isopropanolamine market expansion.
Furthermore, the surge in industrial activities, especially in developing economies, necessitates the use of isopropanolamines in chemical processes and gas treatment operations, supporting market growth.
As per the isopropanolamine market analysis, North America dominates the market, supported by advanced industrial and pharmaceutical sectors and heightened awareness about the benefits of high-quality personal care products. The region’s stringent environmental and safety regulations also drive the demand for effective and safe chemical intermediates.
Europe follows closely, with its robust cosmetic and personal care sector. Regulatory approvals from bodies like the European Chemicals Agency (ECHA) ensure the safe use of isopropanolamines, fostering trust and market growth.
Asia-Pacific is expected to exhibit the fastest growth due to rapid industrialisation and expansion of the pharmaceutical and personal care sectors in countries such as China, India, and South Korea. The increasing middle-class population and rising disposable incomes in this region also contribute to the isopropanolamine market growth.
Isopropanolamine Market Segmentation
The market can be divided based on the derivatives, application, and region
Market Breakup by Derivatives
- Monoisopropanolamine (MIPA)
- Diisopropanolamine (DIPA)
- Triisopropanolamine (TIPA)
Market Breakup by Application
- Cement and Concrete Processing Aids
- Gas Purification
- Cosmetic Formulations
- Surfactants
- Metalworking Fluids
- Corrosion Inhibitors
- Emulsifiers and Dispersants
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Isopropanolamine Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global isopropanolamine market. Some of the major players explored in the report by Expert Market Research are as follows:
- Hongbaoli Group Co., Ltd.
- The Dow Chemical Company
- BASF SE
- Biesterfeld AG
- Orion Chem Pvt Ltd.
- Amines & Plasticizers ltd
- Saiper Chemicals Pvt Ltd.
- Others
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