Morpholine Market - By Manufacturing Method (Diethanolamine Method, Diethylene Glycol Method), By Application (Rubber Additives, Pharmaceuticals Chemicals, Corrosion Inhibitors, Optical Brighteners, Chemical Polishing Agents), & Forecast, 2023 – 2032

Morpholine  Market Size

Morpholine Market size exceeded USD 3.5 billion in 2022 and is set to register at a 6% CAGR from 2023 to 2032, propelled by increasing application in corrosion inhibitors.
 

Rising use of morpholines as rubber additives is expected to stimulate business growth. This chemical compound helps in improving the processing and performance of rubber by softening, curing, and accelerating rubber manufacturing. Additionally, the growing demand for rubber in the automotive and construction sectors across the world is fueling the overall morpholine market. Moreover, morpholine is made from sustainable and environmentally friendly materials, which is also promoting product adoption.
 

The wide availability of alternatives and increasing environmental concerns are impacting market progression as morpholine is considered a hazardous chemical that can cause harm to aquatic life. The limited availability of raw materials has pushed product prices, which has restrained product adoption further. Similarly, increasing utilization of corrosion inhibitor applications and supportive government regulations associated with the use and disposal of morpholine are likely to overcome this issue.
 

COVID-19 Impact

The COVID-19 pandemic had an adverse impact on the morpholine market due to global supply chain disruptions, raw materials shortages, and other chemicals required to produce morpholine. This also led to higher prices and restrained market growth. However, morpholine gained traction in the healthcare sector as a result of its utilization in the antiviral drug, remdesivir used for the treatment of COVID-19 patients. Overall, the demand for morpholine is anticipated to rise due to its increasing utilization in pharmaceutical applications.
 

Morpholine Market Trends

Nearly 64% of adults need vision correction, including eyeglasses, contact lenses, and undergo surgeries. In the U.S. approximately 63% of people use corrective eyewear, among which 76% of people are aged 45 to 64. This rise in the use of eyewear and growing awareness regarding UV rays has promoted the uptake of eyewear, which is one of the chief drivers of morpholine market growth. Furthermore, the increasing number of people suffering from eye diseases and vision disparities will positively influence product adoption.
 

Morpholine Market Analysis

By manufacturing method, the morpholine market is segmented as diethanolamine method and diethylene glycol method. The diethanolamine segment accounted for more than USD 2 billion in 2022 owing to the expansion of the cosmetic industry and changing beauty standards, increasing the use of diethanolamine for morpholine. The diethanolamine method of manufacturing morpholine is considered safe for skin and has various uses in lubricant production for the textile industry, industrial gas purification, and utilized as an emulsifier and dispersing agent in agricultural chemicals.
 

The optical brighteners segment of the morpholine market is forecast to observe around 6% CAGR through 2032. Morpholine is utilized as a chemical polishing agent on glass and other optical parts to provide enhanced luster and purity on their surface in contrast to other coatings. In addition, morpholine is a safe option for usage in the optical sector since it has no negative impact on people or the environment, which is driving the segment growth further.
 

Asia Pacific morpholine market size surpassed USD 0.95 billion in 2022, attributed to the expansion of the chemical industry in the APAC region. In addition, the availability of raw materials such as ethylene oxide and ammonia for the production of morpholines has accelerated market growth.
 

Major Market Share

Some of the key players profiled in the morpholine industry report include:

• Huntsman Corporation
• Nippon Nyukazai
• APL
• Fuyuan
• Liaoyuan
• BASF
• Balaji Amines
• Anhui Haoyuan
• Sinochem
   

These firms invest in new business opportunities and focus on expanding production capacity.
 

Morpholine market news

• In June 2022, BASF, a chemical company, expanded its production capacity in China for cathode active materials and scale its manufacturing for manganese-rich products. With this initiative, the company intended to extend its customer base and attain lucrative business opportunities in China.
   
• In February 2023, Nippon Nyukazai, a chemical firm, attained ISCC Plus certification for products such as acrylic acid, ethylene oxide, and superabsorbent polymers to promote the use of biomass as raw material for disposable diapers, detergents, and several other products. With this, the company aims to boost the use of bio-mass derived raw materials in manufacturing a range of environmentally friendly products including morpholine for its customers.
   

This morpholine market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Tons and revenue in USD million from 2018 to 2032 for the following segments:

Click here to Buy Section of this Report

By Manufacturing Method

• Diethanolamine Method
• Diethylene Glycol Method

By Application

• Rubber Additives
• Pharmaceuticals Chemicals
• Corrosion Inhibitors
• Optical Brighteners
• Chemical Polishing Agents

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Thailand
  • Indonesia
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • GCC
  • South Africa