Isopropanolamine Market Size, Share & Industry Analysis, By Derivative Type ( Monoisopropanolamine (MIPA), Diisopropanolamine (DIPA), Triisopropanolamine (TIPA) ), By Application ( Cement & Concrete Processing Aids, Surfactants, Cosmetic Formulations, Gas Purification, Others ) and regional Forecast, 2024-2032

Isopropanolamine is an amine alcohol. It is a colorless liquid which is used to enhance color and aesthetic value of the product. It is used in tanning products, cosmetics, fragrances, skin care products and other commercial products. It imparts high heat stability and oil solubility of oil based substances.

The increasing demand for isopropanolamine from personal care and cosmetic industry for manufacturing of hair dyes, hair colors, and skincare products shall drive the market.  Additionally, the increasing use in cement aids, surfactants, emulsifiers, wetting agents, and anti-static agents for polymers due to its high adaptability and compatibility with other chemicals is likely to create high demand in upcoming period.

However, the chemical isopropanolamine is slightly toxic for human body when is in direct contact. It results in shortness in breath and skin irritation. These factors are likely to limit the market growth.

Market Segmentation:

Based on derivative type, the market is segmented into Monoisopropanolamine (MIPA), Diisopropanolamine (DIPA) and Triisopropanolamine (TIPA). Based on application, the market is segmented into cement & concrete aids, surfactant, cosmetic formulations, gas purification, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global isopropanolamine market consists of global & regional players operating. Some of the key players in the market include DowDuPont, Neo Chemical, Lucky Chemical Industry, Nanjing HBL, Beijing Debora Chemicals, SC Johnson, TCI Chemicals, J&K Scientific, BASF, Amines & Plasticizers Limited (APL), and others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Isopropanolamine Market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific holds the largest share in the market attributed to the increasing investments of foreign countries in regional companies of Asia. The increasing manufacturing base for chemical industries in India, China, Malaysia and other countries shall positively affect the market. North America is estimated to show significant growth due to the increasing demand from the oil and gas sector for gas purification. Increase in demand from Europe for personal care products shall foster the market growth Latin America and Middle East & Africa is expected to show sluggish growth by the end of the forecast period.

Segmentation

Isopropanolamine Industry Developments

• In July 2016, BASF set up a new manufacturing facility at Ludwigshafen, Germany for isopropanolamines with a capacity with 15,000 metric ton capacity.