Triisopropanolamine (TIPA) Market Forecast, Trend, Analysis & Competition Tracking

Triisopropanolamine (TIPA) Market Forecast & CAGR

According to Fact.MR’s latest market study, sales are anticipated to grow at a CAGR of around 5% during 2021-31, owing to the ever-increasing demand from the chemicals, cosmetics, and pharmaceuticals industry. Triisopropanolamine (TIPA) is an emulsifier, stabiliser, chemical intermediate, and neutralizer that accomplishes basicity, buffering, and alkalinity objectives in various applications.

Additionally, triazine-based corrosion inhibitors utilise this during their formulation. Moreover, when it is used in conjunction with water-based coatings, owing to its functions as an acidifier. Furthermore, there has been an escalation in research spending by manufacturers for identifying newer use-cases of Triisopropanolamine (TIPA). This is anticipated to keep the market growing at a healthy CAGR during the forecast period of 2021-31.

What is Driving the Demand for Triisopropanolamine (TIPA)?

TIPA finds its usage in a plethora of end-use industries. In the cement industry, to improve the mechanical properties of mortar and concrete, TIPA can operate as an interfacial transition zone (ITZ). Also, it acts as a grinding additive and speeds the hydration of both components, and can be employed to boost the compressive strength of cement-fly-ash mixtures.

As a water reduction agent, TIPA is used in cement and concrete to enhance grinding efficiency, which results in energy savings, as well as to prevent agglomeration and clumping. Owing to this reason, its demand has been increasing over the years especially from developing nations.

Also, it finds its usage as an emulsifying and cross-linking agent in the rubber industry. Additionally, TIPA is used as a rubber curing chain terminator in isoprene polymerization. In addition to this, it is used as a cross-linking agent with polyurethane to improve PU foam quality.

Moreover, it also finds application in the paints and lubricants industry as an antistatic agent. When it comes to dispersing agents for paints, triisopropanolamine (TIPA) is used. Additionally, TIPA finds its usage in water-based coatings and metalworking fluids as corrosion inhibitors.

Furthermore, it is increasingly being adopted as a neutralising agent in agricultural products. Owing to the aforementioned factors, TIPA demand is poised to grow at a healthy CAGR during the same time frame.

US Triisopropanolamine (TIPA) Market

The US is a relatively mature market in terms of overall spending by citizens on residential and commercial properties. However, the existing infrastructure of the US is in dire need of renovation. Due to this fact, the US Senate recently passed the US$ 1 trillion infrastructure bill which is anticipated to aid the repair and renovation activities of its ailing infrastructure in the years to come.

This is poised to have a direct impact on the demand for construction material and equipment being used by contractors. This would have a domino effect on the demand of triisopropanolamine demand as well, which finds application as an additive in cement manufacturing, as it helps to improve the grinding efficiency and prevent agglomeration.

Owing to the aforementioned factors, the demand is poised to escalate in the US as the country continues to renovate its ailing infrastructure in years to come.

Asia Pacific Triisopropanolamine (TIPA) Market Outlook

Asia Pacific region houses a majority of developing nations with the highest growth potential. Countries such as China have one of the largest Chemical industries in the world. Be it textiles, rubber, or agriculture, China has positioned itself as one of the major regions with a plethora of tier-1 and tier-2 manufacturers of textile, rubber, and chemical intermediaries.

Additionally, both India and China have been experiencing a rise in demand from the construction industry, with millennials preferring to invest in real estate properties and residential apartments, as an investment option. This is in sync with the rising residual income of people in these countries. This in turn forms the basis of rapid growth in the construction industry in these countries.

This in turn creates a demand for chemical intermediaries such as Triisopropanolamine (TIPA) which are used to improve the efficiency of mortar and concrete mixture used in the construction of newer residential buildings. Additionally, there has been an increase in the usage of TIPA as corrosion inhibitors in metal coatings, used in construction and chemical industries.

Taking this into consideration, a plethora of manufacturers have set up their bases in the Asia Pacific region, to take advantage of the special economic zones in the developing countries and cater to the rising demand for chemical intermediaries in the region.

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Who are the key manufacturers of Triisopropanolamine (TIPA)?

Key manufacturers operating in the Triisopropanolamine include

Ashland
BASF
Changzhou Yuping Chemical
DowDuPont
Horizon Chemical
Huntsman
Nanjing Hongbaoli
Top Pharm Chemical
Wuhan PharmChem Co. Ltd.

Key manufacturers in the business are collaborating their efforts and spending in research and development, to find newer use-cases of triisopropanolamine (TIPA). Additionally, tier-2 manufacturers are partnering with end-users to ensure a regular flow of sales and sustain in the market. Such initiatives adopted by the players keep the market competitive and poised for newer challenges in the years to come.

Triisopropanolamine (TIPA) Market Report Highlights:

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

An Adaptive Approach to Modern-day Research Needs

Key Segments

By Form
- Powder
- Liquid
By Function
- Emulsifier
- Stabilizer
- Chemical intermediate
- Neutralizer
By Purity
- >98%
- 90% to 98%
- 85% to 90%
- Less than 85%
By End-Use Industry
- Personal care & cosmetics
- Agriculture
- Construction
- Plastics & Rubber
- Other
By Region
- North America
  - US & Canada
- Latin America
  - Brazil, Mexico, Argentina & Rest of Latin America
- Europe
  - Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
  - China, Japan, South Korea
- South Asia & Oceania
  - India, Thailand, Malaysia, Indonesia, Australia & New Zealand and Rest of South Asia
- Middle East and Africa
  - GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa

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.

NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.