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Isopropylamine Market

Isopropylamine Market

by Type (70% Purity, 99% Purity, Others) and by Application (Pesticide, Dye, Rubber, Organic Synthesis): Global Opportunity Analysis and Industry Forecast, 2023-2032

Report Code: A15515
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Jul 2023 | 1085 Views
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Isopropylamine is a colourless to yellow liquid with a characteristic amine odour. It is primarily used in agriculture for the production of agrochemicals such as glyphosate, atrazine, and bentazon. Isopropylamine is also used to make surfactants and active pharmaceutical ingredients. Isopropylamine is a basic chemical that can change the pH and is used in a variety of applications. It is classified as a highly flammable liquid.

Crop protection agents, pharmaceuticals, pesticides, fuel and lubricant additives, paper, rubber, and paint are all examples of isopropylamine's uses. It is also used to make dodecyl benzene and sulfonic acid, which are both surface-active agents. Isopropyl amine is a common commercial chemical compound that comes in liquid form and has an ammonia-like odour as well as flammability. This important compound is used in a variety of industries, primarily as an intermediate. It is used to make agrochemicals such as herbicides, pesticides, and insecticides. Other industries that use this organic compound include rubber, pharmaceuticals, paints, and dye manufacturing. It is widely used as an additive in the petroleum and lubricant industries. Isopropyl amine, despite being a very useful compound, can cause dermatitis if exposed to it for an extended period. Isopropylamine is a highly flammable liquid that can change the pH of the environment. Herbicides, insecticides, pharmaceuticals, dyes, bactericides, and rubber accelerators are all made with Isopropylamine as an intermediate.

COVID-19 Impact analysis

The recent COVID-19 pandemic has caused the global economy to slow down. The food, pharmaceutical, and chemical industries are all experiencing significant sales declines. This scenario has had a negative impact on the global isopropylamine market's growth. Aside from that, many players in the isopropylamine market are experiencing production and trading disruptions. As a result, key players in the isopropylamine market are focusing more on strategizing their business moves in order to resume normal operations.

Top Impacting Factors

The agrochemical industry's expansion is a major driver of isopropylamine demand. In the field of agriculture, new technologies that improve crop yield are gaining traction. As a result, it is expected that significant progress in the agrochemical sector will fuel demand for isopropylamine. Insecticides, herbicides, and bacticides are all made with isopropylamine as an intermediate. The pharmaceutical industry has seen an increase in demand for isopropylamine, which is used as a key ingredient in the production of drugs. In the pharmaceutical industry, isopropylamine is used to purify penicillin and streptomycin.

Isopropylamine demand is expected to rise as the rubber and plastics industries expand. The isopropylamine market is expected to benefit from increased demand for chemical intermediates in the paints and coatings industry. The isopropylamine market has lucrative growth opportunities in emerging economies such as Asia Pacific and Latin America. Another important factor driving the global isopropylamine acid market is the rise in demand for dyes in the textile industry. 

Market Trends 

  • In 2017, the global isopropylamine market grew significantly. During the forecast period, this trend is expected to continue. Asia Pacific dominates the market for isopropylamine. The Asia Pacific isopropylamine market is expected to grow due to rising population, advancements in the agrochemical sector, technological advancements in the textile sector, and changes in lifestyle.
  • The isopropylamine market in Asia Pacific is likely to benefit from advancements in the pharmaceuticals industry in China and India. Europe's market is being driven by expansion in the pharmaceutical, agrochemical, and textile industries. Demand for isopropylamine in the region is expected to rise as the dyes, rubber, and coating industries develop.
  • The increase in demand for isopropylamine in pharmaceutical and medicinal applications in North America is driving demand in the region. The increased use of isopropylamine as a fuel and lubricant additive in the automotive sector is also driving up demand for the chemical in the region. Due to recent economic development in these regions, the isopropylamine market in Latin America and the Middle East and Africa is expected to grow at a significant rate during the forecast period.
  • Because of the demand for innovative chemicals to improve crop yield, the agrochemicals industry will drive the market for isopropylamine. Because it is used in the manufacturing of drugs, the pharmaceuticals sector will drive market growth. Because of the increasing use of isopropylamine in paints and the textile industry, rapid urbanization and rising disposable income will further propel the market to a positive trend.
  • The expansion of the agrochemical industry is expected to be the primary driver of the isopropylamine market. In the field of agriculture, the adoption of novel technologies to improve crop yield is gaining traction. Isopropylamine is also used in the production of drugs, so its demand in the pharmaceutical industry is increasing. In addition, the isopropylamine market is expected to benefit from rising demand for chemical intermediates in the paints and coatings industry.
  • Arkema Group, BASF SE, DuPont., Eastman Chemical Company, Henan GP Chemicals Co.,Ltd, Leo Chemo Plast Pvt. Ltd, Merck KGaA, Nanjing Qinzuofu Chemical Co.,Ltd, Restek Corporation, and Tokyo Chemical Industry Co., Ltd. are major players in this market.

Key Benefits of the Report

  • This study presents the analytical depiction of the isopropylamine market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the isopropylamine market share.
  • The current market is quantitatively analyzed to highlight the isopropylamine market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed isopropylamine market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Isopropylamine Market Report

  • Who are the leading market players active in the isopropylamine market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is isopropylamine?
  • What does isopropylamine allow organizations to achieve?
  • Which technologies combine to make isopropylamine critical organizational asset?
  • What are the current trends and predicted trends?

Isopropylamine Market Report Highlights

Aspects Details
By Type
  • 70% Purity
  • 99% Purity
  • Others
By Application
  • Pesticide
  • Dye
  • Rubber
  • Organic Synthesis
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Leo Chemo Plast Pvt. Ltd, Tokyo Chemical Industry Co., Ltd., Eastman Chemical Company, Merck KGaA, Henan GP Chemicals Co.,Ltd, BASF SE, Nanjing Qinzuofu Chemical Co.,Ltd, Restek Corporation, DuPont., Arkema Group

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