Isopropylamine Market to Perceive Substantial Growth During 2026
Isopropylamine
is a colorless to yellow liquid with amine-like odor. It is primarily
used for the production of agrochemicals such as glyphosate,
atrazine, and bentazon in the field of agriculture. Isopropylamine is
also employed in the production of surfactants and active pharma
ingredients. Commonly found isopropylamine include
monoisopropylamine, diisopropylamine, and triisopropylamine.
Isopropylamine is a basic chemical that is used in many applications
due to its ability to make changes in the pH. It is considered an
extremely flammable liquid. Applications of isopropylamine include
crop protection agents, pharmaceuticals, pesticides, additives for
fuels and lubricants, paper, rubber, and paint. Isopropylamine is
used as intermediate in the production of insecticides, herbicides,
bactericides, pharmaceuticals, dyes, and rubber accelerators. It is
also employed in the production of surface active agents including
dodecylbenzene and sulfonic acid.
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Isopropylamine
Market: Drivers & Restraints
Growth
in the agrochemical industry is a major factor driving the demand for
isopropylamine. Adoption of new technologies that improve crop yield
is gaining traction in the field of agriculture. Thus, significant
progress made in the agrochemical sector is anticipated to fuel the
demand for isopropylamine. Isopropylamine is used as an intermediate
for the production of insecticides, herbicides, and bactericides.
Demand for isopropylamine has been rising in the pharmaceutical
industry, the chemical is used as a major ingredient in the
manufacture of drugs. Isopropylamine is used in the purification of
penicillin and streptomycin in the pharmaceuticals industry.
Expansion in rubber and plastics industries is likely to boost the
demand for isopropylamine. Rise in demand for chemical intermediate
in the paints & coatings industry is estimated to boost the
isopropylamine market. Emerging economies such as Asia Pacific and
Latin America offer lucrative growth opportunities to the
isopropylamine market. Increase in demand for dyes in the textile
industry is another key factor augmenting the global isopropylamine
acid market.
Isopropylamine
Market: Key Segments
Based
on grade, the global isopropylamine market can be classified into
food, pharmaceutical and industrial. In terms of application, the
global isopropylamine market can be segmented into crop protection
agents, pharmaceuticals, pesticides, additives for fuels and
lubricants, paper, rubber, and paints.
Isopropylamine
Market: Trends & Develoments
The
global isopropylamine market expanded significantly in 2017. This
trend is estimated to continue during the forecast period. Asia
Pacific holds significant share of the isopropylamine market. Rise in
population, progress made in the agrochemical sector, technological
advancements in the textile sector, and changes in lifestyle are
projected to boost the isopropylamine market in Asia Pacific during
the forecast period. Advancements in the pharmaceuticals industry in
China and India are likely to offer lucrative opportunities to the
isopropylamine market in Asia Pacific. Expansion in pharmaceutical,
agrochemical, and textile industries is driving the market in Europe.
Development in dyes, rubber, and coating industries is also expected
to propel the demand for isopropylamine in the region.
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Demand
for isopropylamine in North America is driven by the increase in
demand for isopropylamine in pharmaceutical and medicinal
applications in the region. Increase in usage of isopropylamine as
additive for fuel and lubricants in the automotive sector is also
fuelling the demand for isopropylamine in the region. The
isopropylamine market in Latin America and Middle East & Africa
is estimated to expand at a significant pace during the forecast
period, owing to the recent economic development in these regions.
Isopropylamine
Market: Key Players
Key
players operating in the global isopropylamine market include BASF
SE, Dow-DuPont, Arkema Group, and Solvay S.A.
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