Triisopropanolamine (TIPA) Sales are anticipated to grow at a CAGR of Around 5% : Fact.MR Study
The global Triisopropanolamine (TIPA) market is projected to reach USD 1,013.3 Million by 2033, growing at a CAGR of 5.5% from 2021 to 2033. The market is driven by the increasing demand for personal care products and increasing penetration of TIPA in various industries such as coatings, personal care, and pharmaceuticals. Furthermore, growing demand for TIPA from the Asia Pacific region is expected to boost the market growth over the forecast period.
TIPA is an organic compound that is used as an emulsifier and surfactant in various industries such as coatings, personal care, and pharmaceuticals. It is a versatile compound that is used as a builder, neutralizer, and dispersant in detergents. It is also used as a surfactant, emulsifier, and corrosion inhibitor in paints and coatings. Moreover, it is an effective corrosion inhibitor and is used in oil & gas and other related industries.
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Market Trends
The global triisopropanolamine (TIPA) market is projected to witness a moderate growth in the coming years, owing to increasing demand from end-use industries such as paints and coatings, oilfield chemicals, and personal care. The growing demand for TIPA as an emulsifier and neutralizing agent in the personal care industry is expected to drive the market growth. The presence of stringent environmental regulations regarding the usage of hazardous chemicals is creating a huge opportunity in the TIPA market. However, the availability of substitutes such as diethanolamine and ethanolamines may hamper the growth of the TIPA market.
Key Manufacturers
Key manufacturers operating in the Triisopropanolamine include
- Ashland
- BASF
- Changzhou Yuping Chemical
- DowDuPont
- Horizon Chemical
- Huntsman
- Nanjing Hongbaoli
- Top Pharm Chemical
- Wuhan PharmChem Co. Ltd.
Key manufacturers in the business are collaborating their efforts and spending in research and development, to find newer use-cases of triisopropanolamine (TIPA). Additionally, tier-2 manufacturers are partnering with end-users to ensure a regular flow of sales and sustain in the market. Such initiatives adopted by the players keep the market competitive and poised for newer challenges in the years to come.
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Market Structure
- By Form
- Powder
- Liquid
- By Function
- Emulsifier
- Stabilizer
- Chemical intermediate
- Neutralizer
- By Purity
- >98%
- 90% to 98%
- 85% to 90%
- Less than 85%
- By End-Use Industry
- Personal care & cosmetics
- Agriculture
- Construction
- Plastics & Rubber
- Other
- By Region
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Europe
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia & Oceania
- India, Thailand, Malaysia, Indonesia, Australia & New Zealand and Rest of South Asia
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
Check out more related studies published by Fact.MR Research: https://www.globenewswire.com/news-release/2023/03/01/2618530/0/en/Paper-Dyes-Market-Is-Projected-To-Expand-At-A-CAGR-Of-2-5-To-Reach-A-Valuation-Of-US-1-3-Billion-In-2033-States-Fact-MR.html
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