Piperazine Market - Forecast(2023 - 2028)

Report Code: CMR 42799 Report Format: PDF + Excel

Piperazine Market Overview

piperazine market size is forecast to reach US$543.2 million by 2027, after growing at a CAGR of 5.3% during 2022-2027. Piperazine is an organic compound of the amine group with various derives like methyl diethanolamine, hexahydropyrazine, 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 (2022-2027)”, 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 6.3% during the forecast period (2022-2027). 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

Figure: Asia Pacific Piperazine Market Revenue, 2021-2027 (US$ Million)


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Piperazine Market Segment Analysis – By Grade

The pharmaceutical grade segments accounted for around 56% of the market share in 2021 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. According to the European Federation of Pharmaceutical Industry and Association fact & figure 2021, the pharmaceutical production in European Union is around US$326111.50 million. Also, the pharmaceutical industry invested more than US$41929.94 million in 2019 and around US$43375.80 million in 2020 on research & development in the European region. Therefore, 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 2011 to 2020, pharmaceutical exports have increased by 143% 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 2021 up to 36%, 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 11% from 2015 to 2021. Also, according to the European Federation of Pharmaceutical Industries and Associations, in 2020, China's pharmaceutical market size is around 8.2% and Japan holds around 7.0% of the market share in the world. 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. According to American Chemistry Council, global industrial production is expected to expand by 4.6% in 2022. U.S. chemical volumes are expected to grow by 3.2% in 2022, while shipments will increase by 8.2% in 2022. Chemical industry capital spending will be up 3.1%, basic chemicals will expand by 3.4% and specialty chemicals will expand by 4.1% in 2022. 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. According to Invest India, agriculture is the backbone of India’s economy and Gross Value Added (GAV) is 20.2% in 2020-21. Agriculture contributes around 16.5% of India’s GDP and 58% of the people are into farming. The market size of Agricultural Technology is US$ 204 million in 2020 and it is estimated to reach US$24.1 billion by 2025. 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. Akzo Nobel
  3. Dow Chemicals
  4. Diamines and Chemicals Limited (DACL)
  5. Hebei Hejia Pharmaceutical Group
  6. Nippon Nyukazai
  7. Adani Pharmachem
  8. Shaoxing Xingxin New Materials Co., Ltd
  9. Tosoh
  10. Catapharma

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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 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 Premium
15. Piperazine Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10  Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

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