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Aminoethylpiperazine Market Overview, Scope and Outlook, 2019-2027

 

Aminoethylpiperazine Market: Overview

 

Aminoethylpiperazine is a cyclic member of the ethylene amines group. Its chemical formula is C6H15N3. It is a corrosive liquid that combines a primary, secondary, and tertiary amine in a single molecule. Aminoethylpiperazine is also referred to as N-(2-aminoethyl) piperazine, 2-(piperazin-1-yl) ethanamine, 1-piperazineethanamine, and 2-piperazinylethylamine. It exist in the form of clear and colorless liquid with odor similar to that of ammonia. Aminoethylpiperazine is a combustible and corrosive aliphatic amine and a strong oxidizing agent. It is incompatible with acids, acid anhydrides, and acid chlorides. It is used as an intermediate in pharmaceuticals, anthelmintics, surface-active agents, and synthetic fibers.

 

Aminoethylpiperazine Market: Drivers & Restraints

 

Increase in the demand for aminoethylpiperazine from chemical processing and petroleum industries drives the global aminoethylpiperazine market. Aminoethylpiperazines are used as reactants in the production of thermoplastic polyamide resins. These resins are further used in printing inks, hot melts, and adhesives. Aminoethylpiperazines are also used in the production of polyols and catalysts. These polyols are primarily used in urethane systems used in automotive applications, electronic appliances, spray foams, building panels, and elastomers. Thus, demand for aminoethylpiperazine from the chemical processing industry is anticipated to increase during the forecast period. Aminoethylpiperazine-based asphalt additives improve rutting resistance and stripping resistance and enhance durability of roads. Increase in the demand for aminoethylpiperazines as asphalt additives in the construction industry is projected to drive the global aminoethylpiperazine market during the forecast period.  

Aminoethylpiperazine Market: Key Segmentations

 

Based on purity, the global aminoethylpiperazine market can be segmented into <99% and ≥99%. The ≥99% purity segment held a major share of the market in 2018. Demand for aminoethylpiperazine with ≥99% purity in the mineral processing industry is projected to rise in the near future, owing to their high usage in mineral processing such as nickel and clay. The key role of these aminoethylpiperazine is to adhere and form complexes at the surface of mineral ore particles, thereby changing their surface and flotation properties.

In terms of application, the aminoethylpiperazine market can be classified into epoxy curing agents, asphalt additives, mineral processing aids, polyamide resins, urethane chemicals, and others. The epoxy curing agents segment held a significant share of the global market in 2018. Aminoethylpiperazine used in epoxy curing systems offers superior properties such as mechanical strength, electric properties, and good resistance to chemicals.  Aminoethylpiperazine-based epoxy curing systems are widely used for high-quality protective surface coatings (primers), high solids or solvent-free systems, molding and adhesives, civil engineering products (such as floorings, grouts, mortars, cementious creeds, and membranes), sealants, filling compounds, laminates, water-proofing systems, cable-jointing compounds, and castings. Increase in the demand for aminoethylpiperazine-based epoxy curing agents in the construction industry is anticipated to boost the global aminoethylpiperazine market. Furthermore, aminoethylpiperazine is used as a reactant in the production of polyamide resins. Rise in the demand for polyamide resins from aerospace, automotive, textile, and sports industries is likely to boost the demand for aminoethylpiperazine in the near future.

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Aminoethylpiperazine Market: Regional Outlook

 

Based on region, the global aminoethylpiperazine market can be divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific accounted for a dominant share of the global market in 2018, due to presence of a large number of chemical processing industries in the region. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, owing to rapid industrialization in countries such as China, Japan, and South Korea. Production capacity expansions by resin manufacturers based in China, India, and Southeast Asia are likely to boost the demand for aminoethylpiperazine in these countries in next few years. Rise in capital investments in the chemical processing industry in Asia Pacific is expected to drive the market in the region during the forecast period. Increase in the adoption of aminoethylpiperazine in the petroleum industry is anticipated to drive the aminoethylpiperazine market in Middle East & Africa during the forecast period. Furthermore, North America and Europe held a considerable share of the global market in 2018, due to increase in the demand for aminoethylpiperazine as an asphalt additive in the building & construction industry in these regions.

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Aminoethylpiperazine Market: Key Players

 

Key players operating in the global aminoethylpiperazine market are Akzo Nobel Functional Chemicals AB, Aminat-Arabian Amines Company, Central Drug House (P) Ltd., Delamine B.V., Diamines And Chemicals Limited, Huntsman Corporation, Shaoxing Xingxin New Materials Co., Ltd, The Dow Chemical Company, Tokyo Chemical Industry UK Ltd., and Toronto Research Chemicals Inc. These players are focused on strengthening their networks and distribution channels to gain a higher market share.

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