COVID-19 Impact on Dipropylene Triamine Market
- The COVID-19 outbreak is hampering the demand for dipropylene triamine in many applications such as hardeners and wood preservatives. Governments of various countries across the globe enforced lockdown measures to curb the spread of the coronavirus. This has resulted in slowdown and even halt in manufacturing operations, thus hampering the demand for dipropylene triamine.
- Key players operating in the dipropylene triamine market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these players are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain.
- The COVID-19 outbreak has directly affected the production and demand for dipropylene triamine. The industrial shutdown caused by the COVID 19 pandemic has created disruption in the supply chain. Disruption in supply of raw materials is projected to hamper full-scale operations of companies operating in the market.
Key Drivers of Dipropylene Triamine Market
- Dipropylene triamine is an important chemical and intermediate and is used in various industries. Dipropylene triamine, having multiple N-H bonds, can synthesize various surface agents. This is augmenting the dipropylene triamine market.
- Dipropylene triamine or DPTA is mainly used as an epoxy curing agent. The demand for triamine is likely to increase.
Restraints of Dipropylene Triamine Market
- Various derivatives are available in the market such as polyamides and phenalkamides. This is hampering the demand for dipropylene triamine. In turn, this is likely to restrain the dipropylene triamine market in the near future.
Asia Pacific to Constitute Significant Share of Global Dipropylene Triamine Market
- In terms of region, the global dipropylene triamine market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific dominated the global market in 2020. Asia Pacific is the largest market for dipropylene triamine due to substantial investments in China, Japan, and India for continual improvements in energy efficiency and eco-friendliness in the dipropylene triamine industry. Asia Pacific is expected to account for the leading share of the dipropylene triamine market during the forecast period owing to growth in urbanization and rise in spending power of countries in the region. The dipropylene triamine market in the region is expected to expand at a rapid pace throughout the forecast period.
- Europe is also one of the key consumers of dipropylene triamine market. The region is expected to account for significant growth in the dipropylene triamine market, owing to the increase in the number of manufacturers and rise in sales of pharmaceutical products in the region.
Competitive Landscape of Global Dipropylene Triamine Market
Major players operating in the global dipropylene triamine are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations. The market is currently witnessing fierce competition among several leading players. Key players operating in the market include:
- BASF SE
- Birpak Kimya İth. İhr. San ve Tic. Ltd. Şti.
- Diamines and Chemicals Ltd.
- Jinan Boss Chemical Industry Co., Ltd
- Zhuo Zhou Wen Xi Import and Export Co., Ltd.
- Shandong Kerui Chemicals Co., Ltd.
- Indo Amines America LLC
Global Dipropylene Triamine Market
Global Dipropylene Triamine Market, by End-use
Global Dipropylene Triamine Market, by Application
- Chemical Synthesis
- Wood Preservative
Global Dipropylene Triamine Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Dipropylene Triamine Market: Introduction
- Dipropylene triamine is a colorless to yellow liquid with an amine-like odor. Dipropylene triamine creates opportunities for greater efficiency in chemical and pharmaceutical industries.
- Dipropylene triamine is used in various applications such hardeners, wood preservatives, and chemical synthesis. This is expected to drive the dipropylene triamine market.
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