Global Aziridine Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Aziridine Market Overview

Demand for Aziridine from 2015 to 2020 Vs. Future Market Projections for 2021-2031

From 2015 to 2020, sales of Aziridine have increased at a stable rate, expanding over 3.7% CAGR.

Aziridine, also known as Ethyleneimine (EI) is a saturated organic compound comprising 3-membered heterocycles and a nitrogen atom. The parent compound of the aziridines group is called Aziridine with molecular formula C2H5N (CAS 151-56-4). Ethyleneimine is used as a monomer for polyethyleneimine products, comonomer for polymers. It is also used in chemicals used in paper and textile industries, adhesives, fuels and lubricants, coating resins, binders, petroleum refining chemicals varnishes, lacquers, agricultural chemicals, cosmetics, ion exchange resins, photographic chemicals, and surfactants.

Global Aziridine Market Revenue Outlook:

Global Aziridine market was valued at over US$ 591.6 Mn in 2020 and is projected to register а САGR of over 3.7% by 2031.

Despite the negative impact on the market due to the COVID-19 pandemic, the market is expected to witness several developments. In the first quarter of 2021, the demand for Aziridine started to register an improved growth, owing to strong demand from the textile sector. The European region noted a tight supply due to temporary halts in the production; nonetheless, the demand from the region for Aziridine rebounded, owing to the recovery of the chemicals and textile sector.

Increasing demand for Aziridine from several end-use industries

Increasing demand for Aziridine from several end-use industries such as automotive textile, chemicals, agrochemicals industries etc., is expected to fuel the demand for Aziridine over the forecast period. In addition, Aziridine is widely used as an intermediate in organic synthesis, and because its skeleton contains strain, it can also be used as a precursor of complex molecules. Aziridine and its derivatives are effective pharmacological agents. Certain antibiotics and anticancer agents have an aziridine ring that makes its use in medical and healthcare applications.

Factors Affecting the Demand For Aziridine Market

Acute inhalation of ethyleneimine can cause irritation and inflammation of the human respiratory tract. Common symptoms of acute inhalation exposure in humans include tearing and burning eyes, sore throat, nausea, vomiting, cough, headache, dizziness, nasal discharge, throat edema, apparent changes in the trachea and bronchi, bronchitis, shortness of breath, irresistible Pulmonary edema and secondary bronchopneumonia. This factor is expected to hinder the revenue growth of the target market to a certain extent.

COVID-19 Impact Analysis

The ongoing Coronavirus pandemic is also expected to cause unprecedented economic damage irrespective of region. The demand for chemicals is also being impacted, with global supply chains being interrupted, and stock prices of various chemical companies have experienced an unprecedented economic blow. The competitive order of chemical manufacturers in the United States, the Middle East, China and Europe has changed accordingly. This has led to price fluctuations and sudden shortages of raw materials and corresponding end products.

Opportunities for the Global Aziridine Market

Major industry players are investing in numerous R&D activities aimed at developing and launching innovative products, which has also increased the demand for Aziridine, thereby positively influencing the global market.  In addition, various manufacturers are adopting several strategies, including new product launches, collaborations, mergers & acquisitions, etc., to sustain or improve their respective position in this market, which is expected to create opportunities for increased revenue growth.

• In 2019, Nouryon, a Netherlands-based company, has developed the first ethylene amines products in the demonstration plant. The company confirms the new technology on an industrially relevant scale and marks the next complete commercialization step.

Market Dynamics

The global aziridine Market is segmented based on process, application, and region. Among the process segment, the epoxides sub-segment is estimated to account for a 33.4% revenue share in 2020, and it is expected to register a CAGR of 4.4% during the forecast period.  Among all the applications, the adhesives segment is estimated to be the most lucrative segment in the global aziridine market, with an attractiveness index of 4.5 and a projected CAGR of XX%.

Regional Analysis:

The Asia-Pacific region is expected to account for a significant share of the global aziridine market. The region is also anticipated to register the highest growth rates over the forecast period. The aziridine market in APAC is estimated to be the most lucrative market with an attractiveness index of XX and is expected to register a CAGR of 4.3%. Rampant growth of end-use industries, including textile, chemicals, pharmaceuticals, agrochemicals, and others, particularly in China and India, are expected to be the key contributing factors. The stable growth of these countries and increasing investments in chemicals projects are estimated to provide a balanced growth in the coming years.

Competitive Landscape:

The Aziridine market landscape appears highly consolidated, with a major chunk of it being dominated by players listed below.

• BASF SE
• Thermo Fisher Scientific, Inc.
• Nippon Shokubai Co., Ltd.
• MENADIONA S.L.
• Finetech Industry Limited
• Shanghai UN Chemical Co., Ltd.
• PolyAziridine LLC
• Chemical New Material Corporation
• Jiangsu Cale New Material Co., Ltd.
• Chemieliva Pharmaceutical Co. Ltd
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Segments Covered

Aziridine Market, By Process

• Epoxides
• Nitrene Addition
• Triazoline Decomposition
• Cyclization of Haloamines and Amino Alcohols
• Other Processes

Aziridine Market, By Application

• Adhesives
• Binders
• Textile Chemicals
• Polymerization Products
• Other Applications