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.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold 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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Isopropanolamine Market

Pre Book