Piperylene Market: Overview
Piperylene is a volatile, flammable hydrocarbon obtained as a co-product during the production of ethylene from combustion of biomass, crude oil, exhaust gases, and waste incineration. It is obtained as a colorless liquid and is moderately toxic. Piperylene is available in two forms: purity greater than 99.5% and purity less than 99%. It is used as a monomer in the production of adhesives, inks, and plastics. Piperylene possesses characteristics such as high toughness, mechanical strength, and high resistance to corrosion. It is used as a raw material in the production of hot melting and pressure sensitive products such as road marking paints, waterproof coatings, building materials, printed circuit boards, envelopes, parcel tapes, and diaper fastenings.
Piperylene Market: Trends & Demands
Rise in usage of piperylene in various end-use applications is expected to drive the global piperylene market during the forecast period. Rapid expansion in end-use industries such as automotive, aerospace, and building & construction in developing economies such as China, India, Mexico, and GCC due to the rise in FDI investment is also anticipated to fuel the global piperylene market during the forecast period. Companies operating in automobile, construction, and aerospace industries are collaborating with piperylene manufacturers to reduce maintenance and rehabilitation costs by adopting piperylene-based coatings, which provide improved protection for long duration. Piperylene may cause respiratory issues in human beings due to its certain characteristics such as high flammability and toxicity. Additionally, unwanted polymerization of piperylene in chemical processes is likely to affect the production process of end-use products. These factors are anticipated to restrain the global piperylene market during the forecast period. However, rise in research & development activities in order to develop innovative products from piperylene with low flammability and toxicity is projected to provide lucrative opportunities to global piperylene market.
Piperylene Market: Regional Outlook
In terms of region, the piperylene market can be segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. Asia Pacific is estimated to be a dominant region of the global piperylene market, followed by North America and Europe, during the forecast period. The piperylene market in emerging economies such as China and India is likely to expand due to the increase in demand for adhesives and resins in end-use industries such as building & construction and automotive. Rise in demand for piperylene in the production of anhydride-based epoxy resins in China, primarily for the printed circuit board application, is boosting the global piperylene market in the country. Expansion in the electronic industry in China owing to the increase in import and export activities is estimated to propel the demand for piperylene in Asia Pacific during the forecast period. Demand for piperylene in countries in Europe such as Germany, France, Norway, and Italy is expected to increase due to the rise in demand for lightweight automotive components that enhance fuel efficiency. The U.S. is projected to provide lucrative opportunities to manufacturers of piperylene in North America in the near future. Increase in demand for adhesives in renovation activities of the building & construction industry and growth in automobile production in the U.S. are expected to boost the piperylene market during the forecast period. Middle East & Africa and Latin America are anticipated to record positive sales of piperylene during the forecast period. Increase in capacity expansion by various automakers in Mexico and GCC and rise in government efforts to strengthen infrastructure are estimated to fuel the demand for piperylene in Middle East & Africa and Latin America during the forecast period.
Piperylene Market: Key Players
Major players operating in the global piperylene market are Sinopec, Formosa Chemical, Zeon Corporation, LOTTE Chemical, and Eastman Chemical Company.
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