Propyleneimine Market size is forecast to reach $1.5 billion by 2025, after growing at a CAGR of 5% during 2020-2025. Propyleneimine is a highly flammable and colorless liquid with ammonia like odor. Surging use of propyleneimine as a rocket fuel modifier in aerospace industries is driving the growth of propyleneimine market. Moreover, Propyleneimine use in latex surface-coating resins for improving the adhesion is also augmenting the growth of propyleneimine market. Increasing demand from various end use industries such as paper, textiles and pharmaceuticals also boosts the growth of market. Propyleneimine is also used in flocculants for petroleum refining. However, propyleneimine is highly toxic compound and hence needs to be handled carefully. Thus, toxicity and flammability of propyleneimine may hamper the growth of the market.
Application – Segment Analysis
Chemical intermediates segment held the largest share of more than 30% in the propyleneimine market in 2019. Propyleneimine is used as an intermediate in manufacturing of paper, rubber, textile, paints, and dyes. Use of propyleneimine as a cross linker for both aqueous and non-aqueous coatings, inks, and adhesives to enhance both physical and chemical properties is driving the growth of market. According to IEA, global floor area in buildings expected to double to more than 415 billion square meters by 2050. Thus, rise in construction activities has increased the demand of paint and dyes which further fueled the use of propyleneimine.
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End Use – Segment Analysis
Pharmaceutical segment holds the largest share of more than 25% in the propyleneimine market in 2019. Propyleneimine is soluble in water and almost all organic compounds. Due to its solubility in organic compounds they are widely used as drug carriers in pharmaceuticals industries. Poly (propyleneimine) glycodendrimers non-covalently binds adenosine triphosphate (ATP) acts as a potential carrier of adenosine analogue drug such as fludarabine or cladribine for uptake into cells. Research activities and huge spending of government on healthcare is also fueling the demand of propyleneimine in pharmaceuticals industry. According to World Health Organization (WHO), global health spending in grew by 3.9% a year between 2000 and 2017 while the economy grew 3.0% a year. Thus, rapid expansion of healthcare sector boosts the growth of propyleneimine market.
The outbreak of coronavirus has affected the growth of propyleneimine market. Government imposed lockdown due to which industries are shuttered and supply chain has been disrupted. Disruption of supply chain substantially hampering the propyleneimine market. Furthermore, the decrease in sales of textile and apparels due to decrease in purchasing power of people during pandemic is also hampering the market growth. For instance, according to the International Textile Manufacturers Federation (ITMF), global textile turnover in 2020 is expected to be -10.5 per cent lower than in 2019. Thus, decrease in demand of textiles badly impacts the growth of propyleneimine market.
Geography- Segment Analysis
APAC dominated the propyleneimine market with a share of more than 35%, followed by North America and Europe in 2019. Rapid industrialization and urbanization is driving the growth of propyleneimine market in countries like China, India and Japan. Increase in disposable income coupled with high standard of living has accelerated the demand of apparels which in turn accelerated the use of propyleneimine as chemical intermediate. According to NITI Aayog, Exports of textile and clothing products, including handicrafts, from India have increased from US$ 39.2 billion during 2017–18 to US$ 40.4 billion in 2018–19, subsequently boosted the growth propyleneimine market. Additionally, increase in aeronautical activities in China has also boosted the growth of propyleneimine market due to the addition of propyleneimine in rocket fuel for enhancing its properties.
Drivers – Propyleneimine Market
Increase in demand for paper and government ban on plastics
Propyleneimine is used as a chemical intermediate in paper industry. Increase in demand of paper from packaging and food industries is boosting the growth of propyleneimine market. According to Japan paper association total paper and paperboard demand for domestic applications such as tissue paper, newsprint, boxboard etc. reached to 26,581 thousand metric tons in 2017 in Japan, subsequently raising the demand of propyleneimine. Furthermore, due to the toxicity and non-biodegradability of plastics, government has restricted the use of plastics further fueling the demand for paper. For instance, California has introduced a regulation known as SB270 in July 2015 for prohibiting use of plastic bags at groceries, pharmacies and other stores.
Surging use of propyleneimine dendrimer in medical sensors
Biocompatibility and host- guest supramolecular behavior of propyleneimine based dendrimers result it use in bio sensors. Poly (propylene imine) (PPI) dendrimer acts as nanomediator and are used for the construction of various electrochemical biosensors. Use of propyleneimine for the fabrication of immunosensors, DNA biosensors, enzyme biosensors and chemical sensors is augmenting the growth of propyleneimine market.
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Challenges – Propyleneimine Market
Highly flammable and adverse effects on human and environment
Propyleneimine is a highly reactive compound and catches fire easily under prolonged exposure to heat. Due to its high flammability, transportation of propyleneimine is costly. In addition, exposure to propyleneimine may cause headaches, dizziness, nausea, bronchitis, shortness of breath, and edema of the lungs. Release of propyleneimine in the environment also pollutes the soil and water. Thus, increasing environmental concerns and harmful effect of propyleneimine on human is restraining the growth of propyleneimine market. Moreover, The International Agency for Research on Cancer (IARC) has classified propyleneimine as a carcinogenic agent and Occupational Safety and Health Administration has limited the exposure of workers to propyleneimine to 8 hours TWA (time-weighted average).
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the propylene imine market report. Major players in the propyleneimine market industry outlook are Sigma-Aldrich Corp, Mitsui Chemicals Inc., Dixie Chemical Company, Inc., Hangzhou Dayangchem Co. Ltd, DuPont, 3B Scientific Corporation Ltd., AKos Consulting & Solutions, Debye Scientific Co., Ltd, Dixie Chemical Company, Mitsubishi Chemical Holdings Corporation, Sinfoo Biotech, Vitas M Chemical Limited, among others.
Surging use of polypropylene dendrimers in pharmaceutical and biomedical applications is boosting the growth of the market.
Increasing environmental concerns and the adverse effects of propyleneimine on human health is restraining the growth of propyleneimine market.
COVID-19 has disrupted the supply chain and stopped the production of propyleneimine which hampers the growth of market.
A. Polymers Market
B. Chemical Intermediates Market
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