Piperazine - PIP Market Overview
Product Overview and Scope of Piperazine-PIP
Piperazine is an organic compound that consists of a six-membered ring containing two opposing nitrogen atoms. First used as a solvent for uric acid, the use of piperazine as an anthelmintic agent was first introduced in 1953. Thus, 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 sectors. Also, piperazine is used in the production of polyamide resins, ethylene glycol, adhesives, and sealants, chemical intermediates, pesticides, and is commonly used as a raw material for several commercially available drugs. Increasing demand for piperazine from the agriculture sector in order to increase crop production and destroy weeds is boosting market growth. In addition, piperazine is used as an animal feed additive to decrease iodine deficiency and prevent various animal diseases will also help to drive the piperazine market growth. The production of several drugs is also bolstering the demand for piperazine in the pharmaceutical sector. Piperazine is used to treat common roundworms (ascariasis) and pinworms (enterobiasis; oxyuriasis).
The growing population across the globe has resulted in an increase in the demand for food. Therefore, with robust growth and changing crop mix trends, and environmental regulations, the demand for piperazine is gaining traction.
Piperazine - PIP Market – Global Industry Analysis
Market Drivers
- The growing usage of piperazine (PIP) in the agrochemical sector is boosting the growth of the piperazine (PIP) market
Piperazine derivatives are used in agrochemical formulations as pesticides, insecticides, and fungicides. As agricultural activities expanded to meet the increasing food demands of a growing global population, the need for piperazine in the agrochemical sector also increased. Piperazine derivatives, one of the most prominent heterocycles, are frequently utilized as linkers to connect active substructures with promising bioactivities, particularly in the field of agrochemicals.
Between 2000 and 2022, many piperazine-containing compounds were discovered to have excellent antifungal, antibacterial, insect, plant virus, and weed properties. They have also been utilized as plant growth regulators. The development of innovative pesticides to prevent crop disease invasion and ensure crop quality and yields is still required. Thus, piperazine is widely used in the discovery of pesticides. As farmers aim to improve crop yields and protect their crops from pests and diseases, they rely on agrochemicals to optimize agricultural productivity.
- Expansion of pharmaceutical and chemical industry is driving the market growth
- Growing usage of piperazine in animal feed products is contributing to the growth of piperazine (PIP) market
Global Piperazine-PIP Revenue by Regions (2018-2023)
Global Piperazine-PIP market is expected to grow at a CAGR of 5.1% over the forecast period from 2023 to 2030.
Global Piperazine-PIP Market Segmentation Analysis
Grade
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
Type
- Piperazine Anhydrous
- 68 Piperazine
- Others
Application
- Adhesives and Sealants
- Paint & Coatings
- Chemical Intermediates
- Pesticides
- Others
End-use Industry
- Food & Beverages
- Pharmaceutical
- Textile
- Personal Care & Cosmetics
- Agriculture
- Chemical
- Oil & gas
- Industrial
- Others
Global Piperazine-PIP Market, By Pharmaceutical Grade
The pharmaceutical grade segments held the largest share of around 51.20% in 2022 and are anticipated to grow at a significant CAGR during the forecast period. Pharmaceutical-grade piperazine is a high-quality and purified form of piperazine used in the pharmaceutical industry for various medicinal purposes. It is a versatile chemical and serves as a key building block for the synthesis of various pharmaceutical compounds.
Global Piperazine-PIP Market Players
- SAUDI BASIC INDUSTRIES CORPORATION
- Dow Chemicals
- BASF Corporation.
- Delamine Inc.
- Diamines and Chemicals Ltd.
- Hebei Hejia Pharmaceutical Group
- Niranjan Chemicals
- Nouryon Inc.
- Parkway Scientific
- Adani Pharmachem Private Limited
- Others
Global Piperazine-PIP Manufacturers Profiles/Analysis
BASF Corporation
BASF Corporation Basic Information, Manufacturing Base, Sales Area, and Competitors
|
Sr. No. |
Item |
Description |
|
1 |
Company Name |
BASF Corporation |
|
2 |
Website |
www.basf.com |
|
3 |
Established Date |
1865 |
|
4 |
Headquartered |
Germany |
|
5 |
Market Position/ History |
BASF SE is a chemical company. It was established in 1865 and is headquartered in Germany. In 1916, the company started its operations at the new site in Leuna. In 1948, an explosion occurred at a BASF, and it was then rebounded in 1952. Further, in 1960 production abroad was expanded and plants were built in Argentina, Australia, Belgium, Brazil, France, India, Italy, Japan, Mexico, Spain, and in other countries. In 2006, the company acquired Degussa AG, and in 2008 it acquired Whitmire Micro-Gen together with U.K.-based Sorex Ltd, Widnes. In addition, in 2010 it acquired Cognis |
|
6 |
Sales Area |
Worldwide |
|
7 |
Manufacturing Location |
Ludwigshafen, Germany, Kuantan, Malaysia, China, Korea, India, USA, the Netherlands, Belgium, and many other countries in the world. (It operates six Verbund sites and 241 additional productions) |
|
8 |
Ticker |
ETR: BAS |
|
9 |
No. of Employees |
~110,302 employees |
|
10 |
Competitors |
SABIC, Sinopec, Venados, Dongguang Chemical, DuPont, Bayer, Clariant, AkzoNobel, Covestro, Syngenta, Air Liquide, Ciba Inc. |
|
11 |
CEO |
Martin Brudermüller |
|
12 |
Ownership Type |
Public |
|
12 |
Contact Information |
38 Carl-bosch-straße, Ludwigshafen, Rheinland-Pfalz, 67056, Germany Tel: +49 490621600 |
Business Segment/ Overview:
BASF SE is a German-based company engaged in the manufacturing of chemicals. The portfolio of the company comprises six segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions, and others. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and has companies in around 90 countries across the globe. It operates six Verbund sites and 241 additional production sites worldwide.
Business Strategy
BASF SE is engaged in research and development to innovate new products. The company has research centers in Europe, North America, and Asia Pacific and has over 10,000 employees in R&D. For instance, the company integrates digital technologies in R&D to increase efficiency and open up new innovation opportunities. Furthermore, the company is engaged in expanding its distribution network to fulfill the need of customers.
