PUBLISHER: The Business Research Company | PRODUCT CODE: 1455497
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455497
Morpholine is an organic heterocyclic compound with the molecular formula C4H9NO. It is characterized by a six-membered ring that contains both oxygen and nitrogen atoms. Morpholine serves as a versatile chemical compound and is widely utilized as a solvent for various applications. It is particularly employed in dissolving resins, waxes, and dyes, playing a crucial role in the synthesis of pharmaceuticals, rubber accelerators, and corrosion inhibitors.
The main types of manufacturing methods for morpholine include the diethanolamine method and the diethylene glycol method. The diethanolamine (DEA) method involves the production of diethanolamine, a chemical compound with two hydroxyl (-OH) groups and an amino (-NH2) group. This method is utilized for the synthesis of morpholine and finds applications in various industries. Morpholine, derived from these methods, is used in rubber additives, corrosion inhibitors, optical polishing aids, morpholine derivatives, and other applications. End users of morpholine include industries such as chemical, pharmaceutical, textile, agriculture, personal care, food and beverages, pharmaceuticals, water treatment, and more.
The morpholine market research report is one of a series of new reports from The Business Research Company that provides morpholine market statistics, including morpholine industry global market size, regional shares, competitors with a morpholine market share, detailed morpholine market segments, market trends, and opportunities, and any further data you may need to thrive in the morpholine industry. This morpholine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The morpholine market size has grown strongly in recent years. It will grow from $3.74 billion in 2023 to $4.04 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historic period in the production and utilization of morpholine can be attributed to various industrial applications. Morpholine has been widely employed in chemical manufacturing processes, boiler water treatment, the pharmaceutical industry, and the rubber industry. Its versatile properties and usefulness in these sectors have contributed to the historical growth in demand and applications for morpholine.
The morpholine market size is expected to see strong growth in the next few years. It will grow to $5.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period for morpholine can be attributed to various factors, including its role in corrosion protection, the expansion of end-user industries, the growing water treatment sector, emerging applications, global economic growth, and compliance with stringent environmental regulations. Major trends expected in the forecast period include increased research and development activities, technological advancements in the production and application of morpholine, a rising demand in water treatment applications, expanding use in pharmaceutical manufacturing processes, and the ongoing adherence to stringent environmental regulations. These trends are likely to influence the continued growth and diversification of morpholine applications in various industries.
The escalating demand for rubber is poised to drive the growth of the morpholine market. Rubber, a versatile and elastic material derived from latex sap or synthesized chemically, relies on morpholine for its various production and performance aspects. Morpholine acts as an accelerator and scorch retarder, facilitating the cross-linking of rubber molecules during vulcanization. Apple Rubber Products Inc., a US-based company specializing in custom rubber seals, projects a global increase in rubber demand by 2.8% in 2023, followed by an average annual expansion of 2.4% from 2023 to 2031. Consequently, the surge in rubber demand is anticipated to propel the morpholine market.
The construction industry's growing need for morpholine is expected to be a driving force for the market. Morpholine, a versatile chemical compound, contributes significantly to construction activities, enhancing material durability and optimizing specialized processes. The US Census Bureau reports a substantial increase in the value of construction activities from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, marking a growth rate of 10.2%. This surge in construction demand underscores the pivotal role of morpholine in the industry, driving its market growth.
Leading companies in the morpholine market prioritize product approvals to ensure reliable customer service. Nippon ShokubAI Co. Ltd., the parent company of Nippon NyukazAI Co. Ltd., a Japan-based chemical products manufacturer, achieved ISCC Plus certification approval for items such as acrylic acid, ethylene oxide, and superabsorbent polymers in February 2023. This certification ensures that products derived from biomass are produced and processed responsibly. Nippon ShokubAI aims to boost the use of biomass-generated raw materials, including morpholine, in the production of environmentally friendly goods such as disposable diapers and detergents.
Major companies operating in the morpholine market report are BASF SE, Saudi Arabia's Basic Industries Corporation, Thermo Fisher Scientific Inc., Sinochem Group Co. Ltd., Huntsman Corporation, Nouryon Chemicals Holding B.V., Sigma-Aldrich Corporation, LGC Standards Ltd., Nippon NyukazAI Co. Ltd., Coventya Group, Spectrum Chemical Mfg. Corp., (APL) Amines And Plasticizers Ltd., MP Biomedicals, Balaji Amines Ltd., Anhui Haoyuan Chemical Industry Group Co. Ltd., Xiamen AmoyChem Co. Ltd., Alpha Chemika, Chemtex Speciality Ltd., Tokyo Chemical Industry Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., A.B. Enterprises, Meru Chem Pvt. Ltd., Zhengzhou Fuyuan Chemical Industry Co. Ltd., Carbosynth Ltd., Ataman Kimya A.S.
North America was the largest region in the morpholine market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the morpholine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the morpholine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The morpholine market consists of sales of the ammonia method, two glycol methods, and cyclic acetalization. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Morpholine Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on morpholine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for morpholine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The morpholine market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.