Press release
Future of Morpholine Market: Size, Share & Forecasts to 2029
Morpholine
What Is the Projected Market Size Valuation of the Morpholine Market by 2025?
There has been an impressive expansion in the size of the morpholine market in the past few years. It's predicted to increase to $4.3 billion in 2025 from $4.04 billion in 2024, with a compound annual growth rate (CAGR) of 6.3%. The growth recorded in the historical period can be traced back to its usage in various sectors, ranging from industrial applications, chemical manufacturing, and boiler water treatment, to the pharmaceutical and rubber industry.
What Is the Estimated Market Growth Value for the Morpholine Industry in 2029?
In the coming years, the morpholine market is projected to experience a significant increase in size. By 2029, it is anticipated to reach $5.34 billion with an annual compound growth rate (CAGR) of 5.6%. This projected growth within the forecast period can be linked to factors such as protection against corrosion, expansion of end-user industries, the burgeoning water treatment sector, the introduction of new applications, global economic development, and stricter environmental laws. The forecast period is also expected to see trends such as escalated research and development, technological progress, a rise in demand in the water treatment industry, increased usage in pharmaceutical production, and strict environmental regulations.
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What Are the Growth Drivers and Opportunities in the Morpholine Market?
The increasing need for rubber is anticipated to drive the morpholine market's expansion in the future. Derived from the latex sap of particular plants or created through chemical procedures, rubber is a flexible and resilient material. Owing to its chemical characteristics and its capacity to improve various facets of rubber production and performance, morpholine is widely used in the rubber industry. It serves as an accelerator and scorch retarder and facilitates the crosslinking of rubber molecules during vulcanization. For instance, in September 2022, Apple Rubber Products Inc., a US-based organization specializing in the making and designing of customized rubber seals, projected that the global rubber demand would grow by 2.8% in 2023, then increase by an average of 2.4% annually from 2023 to 2031. Hence, the escalating demand for rubber is anticipated to fuel the expansion of the morpholine market.
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What Are the Primary Segments Covered in the Global Morpholine Market Report?
The morpholine market covered in this report is segmented -
1) By Manufacturing Method: Diethanolamine Method, Diethylene Glycol Method
2) By Application: Rubber Additives, Corrosion Inhibitor, Optical Polishing AIDS, Morpholine Derivatives, Other Applications
3) By End User: Chemical, Pharmaceutical, Textile, Agriculture, Personal Care, Food And Beverages, Pharmaceuticals, Water Treatment, Other End Users
Subsegments:
1) By Diethanolamine Method: Direct Synthesis, Catalytic Methods
2) By Diethylene Glycol Method: Ethylene Oxide-Based Processes, Other Glycol-Derived Processes
What Are the Top Growth Trends in the Morpholine Market?
Several significant firms in the morpholine market are prioritising product approvals to enhance their customer service quality. The ISCC PLUS Certification, a framework ensuring sustainable and responsible production and processing of biomass-based raw materials and products, is part of this commitment. An example of this can be seen in Nippon Shokubai Co. Ltd - the parent company of Nippon Nyukazai Co. Ltd, a leading Japan-based chemical manufacturing company. In February 2023, the company secured ISCC Plus certification approval for multiple items including acrylic acid, ethylene oxide, and superabsorbent polymers. The certification is deemed to back biomass usage as a raw source in the production of various products like disposable diapers, detergents, and a multitude of other items. With this move, Nippon Shokubai Co. Ltd aims to uplift the use of bio-mass generated raw materials to create environmentally friendly products for its clientele, including those in the morpholine market.
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Which Companies Are Shaping the Future of the Morpholine Market?
Major companies operating in the morpholine market report are BASF SE, Saudi Arabia's Basic Industries Corporation, Thermo Fisher Scientific Inc., Sinochem Group Co. Ltd., Huntsman Corporation, Nouryon Chemicals Holding B.V., Sigma-Aldrich Corporation, LGC Standards Ltd., Nippon Nyukazai Co. Ltd., Coventya Group, Spectrum Chemical Mfg. Corp., (APL) Amines And Plasticizers Ltd., MP Biomedicals, Balaji Amines Ltd., Anhui Haoyuan Chemical Industry Group Co. Ltd., Xiamen AmoyChem Co. Ltd., Alpha Chemika, Chemtex Specialty Ltd., Tokyo Chemical Industry Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., A.B. Enterprises, Meru Chem Pvt. Ltd., Zhengzhou Fuyuan Chemical Industry Co. Ltd., Carbosynth Ltd., Ataman Kimya A.S.
Which Region Holds the Largest Market Share in the Morpholine Industry?
North America was the largest region in the morpholine market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the morpholine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Asia: +91 88972 63534,
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Email:saumyas@tbrc.info
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