The Morpholine Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Morpholine Global Market Report
2024, 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 in the historic period can be
attributed to industrial applications, chemical manufacturing, boiler water
treatment, pharmaceutical industry, rubber industry.
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 growth in the forecast period
can be attributed to corrosion protection, growing end-user industries,
expanding water treatment sector, emerging applications, global economic
growth, stringent environmental regulations. Major trends in the forecast
period include increased research and development, technological advancements,
increasing demand in water treatment, expanding use in pharmaceutical
manufacturing, stringent environmental regulations.
The rise in demand for rubber is expected to propel the growth of the
morpholine market going forward. Rubber is a versatile and elastic material
derived from the latex sap of certain plants or synthesized through chemical
processes. Morpholine finds several essential uses in the rubber industry due
to its chemical properties and ability to enhance various rubber production and
performance aspects. It is used as an accelerator and scorch retarder and can
promote the cross-linking of rubber molecules during vulcanization. For
instance, in September 2022, according to Apple Rubber Products Inc, a US-based
company that specializes in the design and manufacturing of custom rubber
seals, the global demand for rubber would rise by 2.8% in 2023 and then expand
by 2.4% annually on average from 2023 to 2031. Therefore, the rise in demand
for rubber is expected to propel the growth of the morpholine market.
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The morpholine market covered in this report is segmented –
1) By Manufacturing Method: Diethanolamine Method, Diethylene Glycol Method
2) By Application: Rubber Additives,
Corrosion Inhibitor, Optical Polishing AIDS, Morpholine Derivatives, Other
Applications
3) By End User: Chemical, Pharmaceutical, Textile, Agriculture, Personal Care,
Food And Beverages, Pharmaceuticals, Water Treatment, Other End Users
Increasing demand for morpholine in the construction industry is expected to
propel the growth of the morpholine market going forward. Construction combines
various elements to create a structure for a specific location, using a
detailed design and plan. Morpholine, a versatile chemical compound, plays an
increasingly crucial role in various industries, and its significance extends
to the realm of construction activities, from enhancing the durability of
construction materials to contributing to the efficiency of specialized
processes. For instance, according to the US Census Bureau, a US-based provider
of quality data about its people and economy, the value of construction
activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022,
with a growth rate of 10.2%. Therefore, an increasing demand for construction
activities drives the morpholine market.
The morpholine market report table of contents includes:
1. Executive Summary
2.
Morpholine Market Characteristics
3.
Morpholine Market Trends And Strategies
4.
Morpholine Market - Macro Economic Scenario
5. Global
Morpholine Market Size and Growth
.
32. Global Morpholine Market Competitive Benchmarking
33. Global
Morpholine Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Morpholine Market
35.
Morpholine Market Future Outlook and Potential Analysis
36.
Appendix
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