Monoisopropylamine Market to Grow at 4.70% CAGR through 2035
Increased use of MIPA in pharmaceuticals and growth in
the automotive industry is expected to drive the Global Monoisopropylamine
Market growth in the forecast period, 2026-2035.
According to TechSci Research report, “Monoisopropylamine
Market – Global Industry Size, Share, Trends, Competition, Forecast &
Opportunities, 2020-2035F”, the Global Monoisopropylamine Market stood at 267.34
Thousand Tonnes in 2024 and is expected to reach 441.78 Thousand Tonnes by 2035
with a CAGR of 4.70% during the forecast period.
Sustainability is at the forefront of
agricultural practices worldwide, and this focus is directly contributing to
the growth of the Monoisopropylamine (MIPA) market. As farmers and agricultural
producers are increasingly tasked with feeding a growing global population
while minimizing environmental impacts, sustainable farming practices are
gaining prominence. MIPA-based herbicides, such as glyphosate, are being used
in modern agricultural systems because they offer effective weed control
without the need for excessive tilling or chemical treatments. The adoption of
no-till farming, which reduces soil erosion and promotes soil health, is a key
factor driving the demand for MIPA-based herbicides. These herbicides allow for
the control of weeds without disturbing the soil, making them a vital tool for
sustainable farming. Moreover, the push toward organic farming and integrated
pest management (IPM) systems also supports the increased use of MIPA, as
glyphosate is often approved for use in organic farming under certain
conditions. Additionally, regulatory bodies are emphasizing environmentally
friendly chemicals in crop protection, and MIPA-based herbicides, due to their
low toxicity and effectiveness, are often seen as more sustainable alternatives
compared to traditional pesticides. The global demand for organic food, which
is expected to continue growing, will likely spur further demand for
sustainable herbicides containing MIPA. As more regions adopt stricter
regulations on pesticide use and promote more sustainable agricultural
practices, the market for MIPA, particularly in agrochemicals, is poised to benefit.
This trend towards sustainability aligns with consumer preferences for food
that is both safe and environmentally responsible, thus driving further market
expansion.
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The Global Monoisopropylamine Market is segmented into
end-use, sales channel, regional distribution, and company.
Based on the Sales Channel, the Indirect Sale segment is expected to be the fastest-growing in the Global Monoisopropylamine Market. Indirect sales involve intermediaries such as distributors, wholesalers, and agents, who play a crucial role in bridging the gap between manufacturers and end-users in industries like agrochemicals, pharmaceuticals, and surfactants. This channel is particularly effective in reaching a larger customer base, including small and medium-sized enterprises (SMEs) and regional players, who may not have direct access to manufacturers.
A major factor driving the growth of indirect sales in the monoisopropylamine market is the global distribution network provided by intermediaries. Distributors possess the expertise and infrastructure to manage large volumes, ensuring timely deliveries across diverse geographies, which is vital for industries relying on bulk quantities, such as agrochemicals and pharmaceuticals. By leveraging intermediaries, manufacturers can focus on production while distributors handle sales, marketing, and customer relationships locally.
Indirect sales also reduce logistical challenges and costs compared to direct sales, making it a more cost-effective model for market expansion. Additionally, distributors assist with navigating complex regulatory requirements and provide local market knowledge, which is crucial for entering new regions, particularly in emerging economies where the demand for agrochemicals and monoisopropylamine-based products is rapidly increasing. This combination of efficiency, cost-effectiveness, and market access will drive the growth of indirect sales in the Monoisopropylamine market..
Based on region, North America stands as the second
most dominating region in the Global Monoisopropylamine Market. The demand for
monoisopropylamine in North America is driven by the robust presence of key
industries such as agrochemicals, pharmaceuticals, and surfactants, which are
essential to the region's economy. In the agrochemical sector, the U.S. is a
major player, utilizing monoisopropylamine in the production of glyphosate and
other herbicides. The North American agricultural industry is focused on
maximizing crop yields and efficiency, leading to a consistent demand for
effective crop protection chemicals. The region's advanced agricultural
practices and emphasis on sustainable farming are also boosting the usage of
monoisopropylamine-based solutions, including surfactants that improve the
performance of agrochemical formulations.
The pharmaceutical sector in North America is another
key driver for the market. Monoisopropylamine is used in the synthesis of
active pharmaceutical ingredients (APIs), particularly for the production of
medications and intermediates. The presence of major pharmaceutical companies
in the U.S. and Canada ensures a steady demand for high-quality chemical
inputs, including monoisopropylamine.
Additionally, North America’s well-established
infrastructure, technological advancements, and the presence of multinational
chemical companies contribute to the region’s significant market share. The
demand for monoisopropylamine in surfactant applications, including cleaning
agents, personal care products, and detergents, further supports its position
in the region. With
continuous industrial growth and an increasing focus on technological
innovation, North America is expected to remain a dominant force in the global
monoisopropylamine market, particularly in the forecast period.
Major companies operating in Global Monoisopropylamine Market
are:
- BASF
SE
- Dow
Inc
- Eastman
Chemical Company
- Alkyl
Amines Chemicals Limited
- Anhui
Haoyuan Chemical Group Co., Ltd.
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“Emerging markets are a key driver of the Global
Monoisopropylamine (MIPA) Market, as economic growth in regions like Asia
Pacific, Latin America, and parts of Africa is accelerating demand across
various sectors. Rapid industrialization, urbanization, and a burgeoning middle
class in these regions are fueling the demand for agricultural, pharmaceutical,
and industrial products, all of which use MIPA. The agriculture sector in
emerging markets is expanding, driven by increasing food demand and the
adoption of modern farming techniques. MIPA-based agrochemicals, particularly
herbicides, play a crucial role in improving crop yields and supporting
sustainable farming practices in these regions. As developing nations look to
modernize their agricultural systems, the demand for herbicides, particularly
glyphosate-based formulations, will continue to rise. The pharmaceutical sector
in emerging markets is also experiencing significant growth, driven by rising
healthcare needs and increased access to essential medicines. MIPA’s role in
pharmaceutical manufacturing, particularly in API synthesis, is crucial as
these countries strive to improve healthcare outcomes. Additionally, industrial
applications such as corrosion inhibitors and automotive products are gaining
traction in emerging markets as infrastructure development and vehicle
ownership rise.,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“Monoisopropylamine
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By End-Use (Agrochemicals, Pharmaceuticals, Surfactants, Others), By
Sales Channel (Direct Sale, Indirect Sale), By Region and Competition,
2020-2035F”, has evaluated the
future growth potential of Global Monoisopropylamine Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Monoisopropylamine Market.
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