Isopropanolamine Market: Introduction
Isopropanolamine is an amino alcohol. It is in the form of a colorless liquid. Isopropanolamine are good solubilizers of oils and fats. Isopropanolamine-based formulations are widely used for enhancing colors and outer appearance of various commercial products such as hair care, skin care, bath, and tanning products and fragrances. These formulations impart excellent heat stability to commercial products and improve solubility of oil-based materials. Isopropanolamine also reduces the overall product cost due to its higher compatibility with other chemicals than the conventional ethanolamine compound. Isopropanolamine is of three types: mono-Isopropanolamine, di-isopropanolamine, and tri-isopropanolamine. Its key applications are gas purification, surfactants, and antistatic agents for polymers, metalworking fluids, cement processing aids, emulsifiers, wetting agents, and corrosion inhibitors.
Increase in the demand for cosmetics and personal care products across the globe is projected to fuel the global isopropanolamine market during the forecast period. Isopropanolamines are widely used in hair dyes and skin care products. This is another factor likely to boost the demand for isopropanolamine compounds during the forecast period. On direct contact, isopropanolamine is slightly toxic to humans. It can cause skin irritation and shortness of breath also. Hence, stringent regulations are imposed on its usage. These key factors are projected to hamper the global isopropanolamine market in the next few years.
Global Isopropanolamine Market: Segmentation
Based on type, the isopropanolamine market can be segmented into mono-isopropanolamine, di-isopropanolamine, and tri-isopropanolamine. The di-isopropanolamine segment is expected to hold a dominant market share during the forecast period. Di-isopropanolamine offers high ability to mix with other chemical compounds and enhances stability of cosmetic and personal care products.
In terms of application, the global isopropanolamine market can be divided into catalysts, acid gas absorbers, synthetic textile auxiliaries, plasticizers, corrosion inhibitors, surfactants, and wetting agents. Catalysts and surfactants segments are projected to constitute a major market share in the next few years. Based on end-use industry, the global isopropanolamine market can be segregated into cosmetics & personal care, pharmaceutical, cement, coatings, adhesives & lubricants, plastics, and gas treatment. The cosmetics & personal care segment is likely to hold a key share of the global isopropanolamine market during the forecast period.
Global Isopropanolamine Market: Region-wise Outlook
Based on region, the global isopropanolamine market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific is likely to hold a major share of the global isopropanolamine market during the forecast period. It is likely to remain a rapidly expanding market for isopropanolamine during the forecast period. International companies across the globe are investing in Asia Pacific, as the region has high growth potential for numerous industries. China witnesses strong presence of chemical manufacturers, which largely export several chemicals across the globe. This factor is projected to fuel the isopropanolamine market in Asia Pacific during the forecast period. North America and Europe are projected to follow Asia Pacific in the isopropanolamine market during the forecast period. Strong presence of gas treatment companies along with paint and coating manufacturers in these regions is projected to boost the demand for isopropanolamine in North America and Europe during the forecast period. The market in Latin America and Middle East & Africa is projected to expand at a sluggish rate during the forecast period, due to limited presence of manufacturing companies and limited availability of technologies across these regions.
Global Isopropanolamine Market: Key Players
A large number of companies operate in the global isopropanolamine market. Prominent manufacturers of isopropanolamine are BASF Corporation, Dow Chemicals, Neo Chemicals, Tokyo chemical Industry Co., Ltd. and LANXESS.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.