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Morpholine Market Size

Report ID: GMI5649
Published Date: May 2023
Report Format: PDF

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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.

Morpholine Market

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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.

Morpholine Market Report Attributes
Report Attribute	Details
Base Year:	2022
Morpholine Market Size in 2022:	USD 3.8 Billion
Forecast Period:	2023-2032
Forecast Period 2023-2032 CAGR:	6%
2032 Value Projection:	USD 6.8 Billion
Historical Data for:	2018-2032
No. of Pages:	230
Tables, Charts & Figures:	184
Segments covered:	Manufacturing Method, Application
Growth Drivers:	Increase in demand from the optical industry Rise in the use of morpholine in corrosion inhibitors Increase in use as rubber additives
Pitfalls & Challenges:	High production cost

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of morpholine valued at more than USD 3.5 billion in 2022 and will progress at a 6% CAGR between 2023 and 2032 propelled by increasing application in corrosion inhibitors.

The diethanolamine segment accounted for more than USD 2 billion in 2022 as a result of the expansion of the cosmetic industry and changing beauty standards.

The optical brighteners application segment will depict over 6% CAGR from 2023 to 2032 owing to its use as a chemical polishing agent on glass and other optical parts to provide enhanced luster and purity on their surface.

Asia Pacific industry size reached USD 0.95 billion in 2022, attributed to the availability of raw materials such as ethylene oxide and ammonia for the production of morpholines in the region.