LOS ANGELES, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Global diethanol isopropanolamine market is projected to reach the market value of around $430 million by 2025 and is estimated to grow at a CAGR of around 3.7% in terms of revenue during the forecasting period 2018 – 2025. The global diethanol isopropanolamine market is expected to showcase robust growth in forthcoming years, according to Acumen Research. Diethanol Isopropanolamine (DEIPA) has acquired increasing significance in various fields of cement grinding aid, surfactant and others. Globally, the Diethanol Isopropanolamine (DEIPA) market is mainly driven by growing demand for cement grinding aid. Increasing urbanization creates the need for commercial, and residential buildings, which in turn creates the demand of high quality construction raw material i.e. cement that directly creates a huge demand of DEIPA, and is anticipated to impel the market demand in near future.
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Insights on Market Segments
Global diethanol isopropanolamine market is segmented by type, application and geography. Based on different types, the market is segmented into content 85%, content >90%. Also, by application diethanol isopropanolamine is further bifurcated into cement grinding aid, surfactant, others. Based on geography market is further classified into India, Europe, China, Africa & Middle East, ROW.
Diverse Applications of DEIPA to Increase Market Growth
Cement grinding aid is a noteworthy application of diethanol isopropanolamine (DEIPA). Further, it is an alkanol amine which is utilized in definition of solid admixtures and concrete added substances. Furthermore, it enhances the quality of cement at all hydration ages and concrete mixed with slag and fly fiery remains will in general demonstrate a more prominent reaction to chemicals. In 2017, the diethanol isopropanolamine utilization in surfactant was more than 37 MT, and it will reach more than 45 MT in 2025. It incorporates use instances of diethanol isopropanolamine (DEIPA) in beautifiers and individual consideration items, for example, hair showers, hair wave creams, i.e., shampoos, skin salves, fluid cleansers, and lotions. The other applications segment includes applications of diethanol Isopropanolamine in gas treating items and metal working items.
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Regional Outlook
China held principal share in the global diethanol isopropanolamine market owing to rising demand for construction mixtures and growing consciousness regarding the advantages related with mixing properties and is projected to promote the use of diethanol isopropanolamine over the forecasting time span. North America held around 10% of the global volume market share in 2017. The India DEIPA market size was over 29 million USD in 2017 and is expected to reach around USD 40 million in 2025, at a CAGR of around 4% from 2018 to 2025. This is attributed to the rising awareness amongst end users such as cement grinding and additives manufacturing companies, gas treating, and surfactant manufacturing companies. Consultants and architects in MEA region have realized the significance of quality diethanol isopropanolamine, and they generally tend to specify trusted brands of diethanol isopropanolamine chemicals. In addition, entry of international players in the market is anticipated to accelerate the market growth during the forecast period.
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Key Players
The global DEIPA market is fragmented in nature with presence of large number of smaller players manufacturing these chemicals. Some of the players profiled in report include Hongbaoli Group Co, Ltd., VISWAAT Chemical, Amines & Plasticizers Limited (APL), Ningbo Lucky, Beijing Debora Investment Holding Co., Ltd, Shandong Hongyi Technology, Shijiazhuang City Horizon Chemical Industry Co., Ltd., FORTISCHEM, Jiangshan Yuxuan Technology, and Yunlong Industrial Development among others. These players jointly represented over 30% share of the overall Diethanol Isopropanolamine (DEIPA) production.
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