Press release
Monoisopropanolamine (MIPA) Market Key Players | The Dow Chemical Company, Orion Chem Pvt. Ltd., Zhejiang Xinhua Chemical Co., Ltd,
• The global Monoisopropanolamine (MIPA) Market size was valued at USD 84.2 Million in 2022 growing at a CAGR of 5.14% from 2023 to 2033.
• Asia Pacific dominated the market in 2022
• North America is expected to grow at the highest CAGR from 2023 to 2033
As per the study initiated by Evolve Business Intelligence, the global Monoisopropanolamine (MIPA) Market size accounted for USD 84.2 Million in 2022, growing at a CAGR of 5.14% from 2023 to 2033. Monoisopropanolamine (MIPA) is a chemical compound widely used in various industries, particularly as a key component in the production of surfactants and corrosion inhibitors. It serves as a crucial intermediate in the synthesis of agrochemicals and personal care products. MIPA's versatility extends to applications in the manufacture of metalworking fluids, pharmaceuticals, and textile auxiliaries. Its properties, including solubility in water and compatibility with other chemicals, make it valuable in formulations for diverse industrial processes. The MIPA market's growth is influenced by the expanding demand for end-use products across sectors such as agriculture, cosmetics, and industrial manufacturing.
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The Monoisopropanolamine (MIPA) market is primarily driven by its integral role in the production of surfactants, corrosion inhibitors, and agrochemicals. The increasing demand for these compounds across industries such as personal care, agriculture, and manufacturing contributes to the market's growth. Additionally, MIPA's versatility and compatibility with various formulations further fuel its market expansion.
Key Players
Some of the major Monoisopropanolamine (MIPA) Market players holding high market shares include The Dow Chemical Company, Orion Chem Pvt. Ltd., Zhejiang Xinhua Chemical Co., Ltd, and Sasol Arkema S.A.,. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Alkyl Amines Chemicals Limited, Oq Saoc, Aceto, Basf Se, Hangzhou Lingrui Chemical Co., Ltd, Anhui Sinotech Industrial Co., Ltd., Ltd., Hongbaoli Group Co., Ltd, Lanxess, Eastman Chemical Company, Muby Chemicals
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Segmental Analysis
Based on End-Use Industry, the Monoisopropanolamine (MIPA) market is segmented into Chemical industry, Personal care, Agrochemical, Pharmaceuticals, Metal working and Others.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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