This Monoisopropanolamine market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Monoisopropanolamine market.
Monoisopropanolamine (MIPA) belongs to alkanoamines group and is categorized as aminoalcohol. MIPA is a colorless liquid with ammonia like odor. MIPA has low molecular weight than other isopropanolamines including diisopropanolamine (DIPA) and triisopropanolamine (TIPA) among others. 1- Amino – 2 – propanol is the chemical name for MIPA.
Dispersion agent is the foremost application for MIPA and this trend is anticipated to continue during the forecast period. MIPA is used as a dispersion agent in production of pigments including titanium dioxide. MIPA is used in the production of adhesives and for alkalinity contribution in production of several chemicals and industrial products. MIPA is also used for cross linking in coatings including waterborne coatings. Manufacturing of polyurethanes is among major application segment for MIPA. Niche applications for MIPA include gas conditioning as an agent to remove acidic gases, lubricants, corrosion protection and paint removers among others. Major end user industries for MIPA include agriculture, paints, coatings, automotive, chemical production among others. Paints & coatings dominate the global demand for MIPA and this trend is expected to continue for the next six years. MIPA is used in the production of herbicides which is among the fastest growing application segment for MIPA.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
North America dominated the global MIPA market in 2013, moreover demand for MIPA in North America is anticipated to grow at a sluggish rate owing to increase the regulations to control the hazards associated with production of MIPA. Asia Pacific was the second largest market for MIPA in 2013 and is anticipated to be the fastest growing region for a foreseeable future. Increasing industrial investment and high GDP growth in the emerging economies of India and China is among foremost factors driving demand for MIPA in Asia Pacific. Moreover, high GDP growth in India and China has led to growth in several end user industries including agriculture, paints & coatings, etc. Demand for MIPA in Europe is anticipated to grow at a sluggish rate till the end of 2020. Moreover reviving automotive industry in Europe is expected to be among major growth drivers for MIPA in Europe.
MIPA market is consolidated and few global players dominate the global MIPA market and constitute major portion of the global market share. Players compete on their pricing strategy as there is low scope of product differentiation in the market. The market is characterized by high degree of competition which is anticipated to remain the same over the forecast period. Some of the major players in the market include The Dow Chemical Company, E. I. du Pont de Nemours and Company and BASF SE among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint