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Piperazine Market Overview
piperazine market size is forecast to reach US$634.227 million by 2030, after growing at a CAGR of 5.3% during 2024-2030. Piperazine is an organic compound of the amine group with various derives like methyl diethanolamine, hexahydro pyrazine, and others widely used in the pharmaceutical and chemical sector. Also, piperazine is used in the production of polyamide resins, ethylene glycol, chemical intermediates, pesticides, adhesives, and sealants and is commonly used as a raw material for several commercially available drugs. According to the Association of the British Pharmaceutical Industry, the pharmaceutical industry in the UK is valued at around US$48.23 billion with research and development investment is around 6.57 billion. Therefore, the growing research & development in the pharmaceutical sector and growing demand from automotive, chemical, and others will boost the piperazine market during the forecast period.
COVID-19 Impact
The Covid-19 pandemic has been a major challenge for the piperazine market owing to directly affecting the manufacturer's supply chain across the globe and shut down the production facilities to minimize the risk of virus spread. The major sectors such as chemical, food & beverages, and others have been highly impacted. The COVID-19 pandemic has collapsed the global economic activity, with an estimated 3.5% contraction in 2020 and is expected to grow 4.2% in 2022. Around 114 million people lost their full-time equivalent jobs. Aggressive and swift monetary, fiscal, and financial sector policies have helped prevent worse outcomes. Governments are taking a wide range of measures in response to the pandemic, with countries spending over USD 14 trillion to deal with the economic consequences of COVID-19 according to the International Federation of Pharmaceutical Manufacturers & Associations. Therefore, the initiation taken by the government and private sector will help to recover the piperazine market during the forecast period.
Report Coverage
The report: “Piperazine Market Report– Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Piperazine Industry.
By Grade: Food Grade, Pharmaceutical Grade, and Industrial Grade
By Application: Adhesives and Sealants, Paint & Coatings, Inks, Chemical Intermediates, Pesticides, Animal livestock, and Others
By End-Use Industry: Food & Beverages, Pharmaceutical, Textile, Personal Care & Cosmetics, Agriculture, Chemical, oil & gas, Industrial, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), and Rest of the World: The Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)
Key Takeaways
• The Asia Pacific is expected to register a CAGR of 8.12% during the forecast period (2024-2030). The increasing demand from end-use industries such as pharmaceutical, construction, automotive, food & beverages, agriculture, and others in Asian countries such as China, India, Japan, and South Korea is driving the market demand for the Piperazine market.
• Robust demand for pesticides in the agriculture sector to increase the production of crops for destroying weeds and other unwanted vegetation is likely to aid in the market growth of the piperazine.
• Increasing demand for animal feed additives to correct iodine deficiency and prevent various animal diseases will also help to drive the piperazine market during the forecast period.
• Bolstering demand from the pharmaceutical sector for the production of various drugs is driving the piperazine market
Piperazine Market Segment Analysis – By GradeThe pharmaceutical grade segments accounted for around 48% of the market share in 2023 and are estimated to grow at a significant CAGR during the forecast period. The pharmaceutical grade piperazine helps in the formulation of active pharmaceutical ingredients that can be used as a raw material for various commercially available drugs. Pharmaceutical grade-based hexahydropyrazine piperazine is used as a dough conditioner and also as an oxidant added to lotions and ointments for antiseptic, disinfectant, and deodorant. The investment in research & development activity will boost the demand for Pharmaceutical grade-based piperazine, which in turn will drive the piperazine market during the forecast period.
Piperazine Market Segment Analysis - By End-Use Industry
The pharmaceutical segment holds the major share in the piperazine market and is expected to grow at a significant CAGR of 5.4% during the forecast period. Piperazine is widely used for the development of active pharmaceutical ingredients like phenothiazines (neuroleptics, sedatives), floxacine, antihelminthics, and quinolones (antibiotics). Moreover, piperazine serves as a synthesis component in the production of drugs. According to the Government of Canada, the pharmaceutical sector is one of the most innovative industries in Canada and contributes 2.1% of pharmaceutical sales share in the global market, making Canada the 9th largest world pharmaceutical market. From 2024 to 2030, pharmaceutical exports will increase by 163% in Canada. Therefore, the growing pharmaceutical sector will drive the piperazine market during the forecast period.
Piperazine Market Segment Analysis - By Geography
Asia Pacific region held the largest share in the piperazine market in 2023 up to 34%, owing to the growing food & beverages, agriculture, pharmaceutical, chemical, industries in developing countries like China, India, Indonesia, pesticides, and others will boost the demand for chemical intermediates, iodization of table salt, active pharmaceutical ingredients, and others. According to India Brand Equity Research Federation, the chemical industry of India is expected to contribute US$300 billion to India’s GDP by 2025, and the manufacturing sector is growing with a CAGR of 15.24% from 2024 to 2030. Therefore, the growing chemical, pharmaceutical, agriculture, and others are boosting the demand for the piperazine market during the forecast period.
Piperazine Market Drivers:
The rising demand for piperazine in the Chemical sector
The rising demand for piperazine in chemicals is helping in the growth of the piperazine market. Piperazine is widely used in chemical intermediates like amides, ethylene glycol which is acting as a key raw material in the production of adhesives & sealants, paints, inks, and others. These chemicals are widely used in various industries like plastic, paper, metal, and others. Chemical industry capital spending will be up 4.32%, basic chemicals will expand by 4.49% and specialty chemicals will expand by 5.28% in 2030. Therefore, the growing chemical sector is boosting the demand for piperazine from various end-use industries, which in turn, will be driving the piperazine market during the forecast period.
Growing demand for pesticides in the Agriculture sector is boosting demand for Piperazine
The agriculture sector is one of the major sectors driving the piperazine market. The growing population across the globe is increasing the demand for food. The growing research and development activities in agrochemical and acceptance of advanced technology in agriculture in developing countries like India, China is increasing demand for agrochemical products like pesticides, insecticides, fungicides, and others. The agrochemical helps to increase the production of crops, fruits and flowers are driving the piperazine market during the forecast period. The market size of Agricultural Technology is US$ 357 million in 2022 and it is estimated to reach US$29.56 billion by 2030. The increase in demand for agricultural products like pesticides is fuelling the global market for piperazine.
Piperazine Market Challenges:
Rising Environment Concern about the production of Piperazine Products
The production of piperazine products involves the release of various VOC (Volatile Organic Compounds) into the surroundings which will cause pollution such as air pollution, water pollution, etc. This has attracted various regulations from Government bodies across the globe. It is highly toxic to the environment, especially to aquatic life forms like fish and crustaceans. Excessive exposure while manufacturing various chemical intermediates causes skin & respiratory tract irritation, asthma, and dermatitis, which is restraining the piperazine market during the forecast period
Piperazine Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the piperazine s industry market. piperazine market top 10 companies include
1. BASF
2. Tosoh
3. Akzo Nobel
4. Delamine
5. Diamines and Chemicals Limited (DACL)
6. Hebei Hejia Pharmaceutical Group
7. Nippon Nyukazai
8. Adani Pharmachem
9. Shaoxing Xingxin New Materials Co., Ltd
10. Dow Chemicals and many others.
Acquisitions/ Technology launches.
• BASF SE may acquire Pharmacn Laboratories, a Chinese manufacturer of piperazine and other pharmaceutical intermediates, for USD 30 million. The acquisition would help BASF to expand its presence in the Chinese market and increase its product portfolio in the piperazine segment.
• Adani Pharmachem Private Limited, an Indian producer of piperazine and its derivatives, may acquire Syntex, a Mexican supplier of piperazine and other specialty chemicals, for USD 15 million. The acquisition would help Adani to enter the Latin American market and diversify its customer base in the piperazine segment.
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1. Piperazine Market- Market Overview
1.1 Definitions and Scope
2. Piperazine Market- Executive Summary
2.1 Key Trends by Grade
2.2 Key Trends by Application
2.3 Key Trends by End-use Industry
2.4 Key Trends by Geography
3. Piperazine Market– Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Piperazine Market - Startup Companies Scenario Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Piperazine Market – Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Piperazine Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Piperazine Market – Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Piperazine Market – By Grade (Market Size -US$ Million/Billion)
8.1 Pharma Grade
8.2 Food Grade
8.3 Industrial Grade
9. Piperazine Market – By Application (Market Size -US$ Million/Billion)
9.1 Adhesives and Sealants
9.2 Paint & Coatings
9.3 Inks
9.4 Chemical Intermediates
9.5 Pesticides
9.6 Animal Livestock
9.7 Others
10. Piperazine Market – By End Use Industry (Market Size -US$ Million/Billion)
10.1 Pharmaceutical
10.2 Textile
10.3 Food & Beverages
10.4 Personal Care & Cosmetics
10.5 Chemical
10.6 Oil & Gas
10.7 Industrial
10.8 Agriculture
10.9 Others
11. Piperazine Market - By Geography (Market Size -US$ Million/Billion)
11.1 North America
11.1.1 USA
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 UK
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Netherlands
11.2.6 Spain
11.2.7 Russia
11.2.8 Belgium
11.2.9 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Australia and New Zealand
11.3.6 Indonesia
11.3.7 Taiwan
11.3.8 Malaysia
11.3.9 Rest of APAC
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Colombia
11.4.4 Chile
11.4.5 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 UAE
11.5.1.3 Israel
11.5.1.4 Rest of the Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of Africa
12. Piperazine Market– Entropy
12.1 New Product Launches
12.2 M&As, Collaborations, JVs and Partnerships
13. Piperazine Market – Industry/Segment Competition Landscape Premium
13.1 Company Benchmarking – Major Companies
13.2 Market Share at Global Level - Major companies
13.3 Market Share by Key Region - Major companies
13.4 Market Share by Key Country - Major companies
13.5 Market Share by Key Application - Major companies
13.6 Market Share by Key Product Type/Product category - Major companies
14. Piperazine Market – Key Company List by Country Premium
15. Piperazine Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
1. BASF
2. Tosoh
3. Akzo Nobel
4. Delamine
5. Diamines and Chemicals Limited (DACL)
6. Hebei Hejia Pharmaceutical Group
7. Nippon Nyukazai
8. Adani Pharmachem
9. Shaoxing Xingxin New Materials Co., Ltd
10. Dow Chemicals and many others.
16. Acquisitions/ Technology l
LIST OF TABLES
1.Global Piperazine Market, by Type Market 2019-2024 ($M)2.Global Piperazine Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Piperazine Market, by Type Market 2019-2024 (Volume/Units)
4.Global Piperazine Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Piperazine Market, by Type Market 2019-2024 ($M)
6.North America Piperazine Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Piperazine Market, by Type Market 2019-2024 ($M)
8.South America Piperazine Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Piperazine Market, by Type Market 2019-2024 ($M)
10.Europe Piperazine Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Piperazine Market, by Type Market 2019-2024 ($M)
12.APAC Piperazine Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Piperazine Market, by Type Market 2019-2024 ($M)
14.MENA Piperazine Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
LIST OF FIGURES
1.US Global Piperazine Market Revenue, 2019-2024 ($M)2.Canada Global Piperazine Market Revenue, 2019-2024 ($M)
3.Mexico Global Piperazine Market Revenue, 2019-2024 ($M)
4.Brazil Global Piperazine Market Revenue, 2019-2024 ($M)
5.Argentina Global Piperazine Market Revenue, 2019-2024 ($M)
6.Peru Global Piperazine Market Revenue, 2019-2024 ($M)
7.Colombia Global Piperazine Market Revenue, 2019-2024 ($M)
8.Chile Global Piperazine Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Piperazine Market Revenue, 2019-2024 ($M)
10.UK Global Piperazine Market Revenue, 2019-2024 ($M)
11.Germany Global Piperazine Market Revenue, 2019-2024 ($M)
12.France Global Piperazine Market Revenue, 2019-2024 ($M)
13.Italy Global Piperazine Market Revenue, 2019-2024 ($M)
14.Spain Global Piperazine Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Piperazine Market Revenue, 2019-2024 ($M)
16.China Global Piperazine Market Revenue, 2019-2024 ($M)
17.India Global Piperazine Market Revenue, 2019-2024 ($M)
18.Japan Global Piperazine Market Revenue, 2019-2024 ($M)
19.South Korea Global Piperazine Market Revenue, 2019-2024 ($M)
20.South Africa Global Piperazine Market Revenue, 2019-2024 ($M)
21.North America Global Piperazine By Application
22.South America Global Piperazine By Application
23.Europe Global Piperazine By Application
24.APAC Global Piperazine By Application
25.MENA Global Piperazine By Application