Increasing demand of diisopropanolamine as intermediate chemical in manufacturing process of various chemicals is expected to boost the market
Reports and Insights has published a new report titled, “Diisopropanolamine Market: Opportunity Analysis and Future Assessment 2022-2030”
Diisopropanolamine Market, By Grade (Commercial Grade, Low Freeze Grade (DIPA Low Freeze Grade 90, DIPA Low Freeze Grade 85)), By Application (Personal Care & Cosmetics, Metal Working Fluids, Pest Control Chemicals, Food, Feed, Dairy and Beverage, Multipurpose Cleaners, Manufacturing Basic Chemicals, Protective Coatings, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
The diisopropanolamine market in 2022 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2030 with a significant CAGR of xx%.
Diisopropanolamine (DIPA) can be classed as an amino alcohol that is a part of the group of alcohol amines. It can be perceived as a pallid and dull colored liquid or a whitish to yellow crystalline solid at room temperature, with the odor of ammonia. It is dissoluble in water.
Diisopropanolamine is a multipurpose chemical, which holds several roles across several applications among which one is of an emulsifying agent for textiles, polishes, insecticides, leathers, paints, and oils. It carries the potential to act as a buffer (stabilize pH), neutralize pH, or add basicity (alkalinity) to a solution.
Diisopropanolamine is a multifaceted chemical utilized in a range of cosmetics, personal care and industrial products. Moreover, diisopropanolamine is extensively utilized industrially for eradicating hydrogen sulfide and carbon dioxide from natural gas and refinery process streams. In addition, it serves as an emulsifying agent and also finds utility as a crosslinking impetus in the development of polyurethanes.
Added to that, it is used as an element of surfactants, insecticide, corrosion inhibitors, rubber chemicals and pigment dispersants. Attributing to such extensive scale of application across various industries, the global diisopropanolamine market is projected to rise substantially in the following years.
Furthermore, the comprehensive use of pest control chemicals in the agrochemical industry in the past few years has made a significant boost in the growth of the global diisopropanolamine market.
In terms of geography, the diisopropanolamine market can be divided into six regions – North America, Latin America, Europe, Asia Pacific, Middle-East, and Africa. The Asia Pacific region is projected to hold the major share of the global diisopropanolamine market due to the swift spread in the agrochemical industry in Japan, China, India, South Korea and Taiwan. Further, North America is estimated to follow after Asia Pacific considering the increasing demand of diisopropanolamine in pharmaceutical, agriculture, and plastic industries.
Notably, diisopropanolamine holds an essential role as an intermediate chemical in the manufacture of pest control chemicals such as insecticides, herbicides, fungicides, sprout inhibitors, biocides, and others. Be that as it may, the noxinousness of diisopropanolamine and regulations levied by the European Chemicals Agency (ECHA) are estimated to slow down the growth of the global diisopropanolamine market.
Reports and Insights Study identifies some of the key participating players in the diisopropanolamine market globally are Dow Chemical Company, BASF SE, LANXESS, Hongbaoli Group, ANGUS Chemical Company, among others.
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