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 2023 and 2028. Aided by the favourable structural properties of isopropanolamine and the growing expansion of end use sectors, the market is expected to grow significantly by 2028.
Isopropanolamine is an aminoalcohol compound widely used in numerous products, such as detergents, personal care products, and chemical intermediates. It serves a critical role in adjusting the pH value in industrial processes and improving the performance of surfactants. Besides its buffer and surfactant properties, isopropanolamine is also recognised for its emulsifying, dispersing, and stabilising capabilities, making it a valued component in various industries, including personal care, construction, textiles, and pharmaceuticals.
The increasing industrial applications of isopropanolamine have been driving the global isopropanolamine market growth. In the construction industry, it’s used as a grinding aid and performance enhancer in cement production, contributing to the overall strength and durability of the concrete structures. Meanwhile, in the personal care sector, isopropanolamine’s emulsifying and stabilising attributes help in the formulation of various products, such as shampoos, hair conditioners, and body washes.
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Furthermore, the growing consumer preference for high-performance detergents and personal care products is also propelling the isopropanolamine market development. The modern consumer is continually seeking efficient, effective, and eco-friendly products, and isopropanolamine, being biodegradable and highly efficient, fits the bill perfectly. Its use in pH regulation and surfactant performance enhancement in these products has led to a surge in demand.
Additionally, the pharmaceutical industry employs isopropanolamine as a pH regulator and stabiliser in the manufacture of drugs and therapeutic formulations. Similarly, in the textile industry, it is used in the production of fabric softeners and as an emulsifying agent in dye production, contributing to the overall isopropanolamine market expansion.
Furthermore, the growing focus on sustainable and green chemicals has led to an increased emphasis on isopropanolamine. Being a biodegradable and non-toxic compound, it fits into the growing global trend towards environmentally friendly chemical production, contributing to its increased popularity, thus increasing the isopropanolamine market demand.
Isopropanolamine Market Segmentation
The market can be divided based on derivatives, application, and region.
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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
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global isopropanolamine companies. Some of the major key 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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