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.

Key Takeaways

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.

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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.

Drivers – Propyleneimine Market

Increase in demand for paper and government ban on plastics

Surging use of propyleneimine dendrimer in medical sensors

Market Landscape

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.

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