Global Piperazine 68% (PIP68) Market Growth 2025-2031
Description
The global Piperazine 68% (PIP68) market size is predicted to grow from US$ 30.2 million in 2025 to US$ 36.3 million in 2031; it is expected to grow at a CAGR of 3.1% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Piperazine 68% (PIP68) refers to a solution or mixture containing 68% active Piperazine (C₄H₁₀N₂), typically provided as an aqueous solution. Compared to anhydrous Piperazine, PIP68 offers moderate active concentration and excellent operability, making it particularly common in industrial applications. It is mainly used for acid gas removal (especially carbon dioxide and hydrogen sulfide) in natural gas processing, carbon capture and storage (CCS) projects, fine chemical synthesis, and pharmaceutical intermediate production. Its balanced concentration ensures high reaction efficiency while minimizing equipment corrosion, establishing PIP68 as a key intermediate or additive in the oil and gas, environmental engineering, and fine chemical industries.
In recent years, driven by the rapid expansion of the global natural gas industry and the ongoing implementation of carbon reduction policies, Piperazine 68% (PIP68) has seen steadily increasing demand. As a key additive in acid gas removal and carbon capture processes, PIP68 plays a vital role in enhancing gas purification efficiency. In natural gas sweetening, PIP68 is often used in combination with amine solutions such as MDEA to create mixed amine systems. These systems significantly improve the removal efficiency of CO₂ and H₂S while providing superior thermal stability and resistance to chemical degradation, making PIP68 a critical component in LNG pre-treatment, gas field development, and refinery off-gas treatment.
In carbon capture and storage (CCS) projects, PIP68 has garnered growing attention due to its high CO₂ absorption capacity, lower energy requirements for regeneration, and overall system efficiency improvements. Particularly in large-scale industrial decarbonization projects, such as those targeting coal-fired power plants and steel mills, PIP68 is increasingly adopted as a solvent optimization agent. As the global carbon trading market matures, PIP68 is expected to capture a larger share of the carbon capture materials sector.
Beyond environmental applications, PIP68 is widely used in fine chemical synthesis processes, such as the production of antiparasitic drugs, psychiatric medications, and polymer additives. Acting as a condensation agent or alkaline promoter, PIP68 improves reaction selectivity and yield. Furthermore, with its moderate concentration, PIP68 offers significant safety advantages during storage and transport compared to anhydrous piperazine, reducing risks associated with explosiveness and causticity, aligning well with the chemical industry's increasing focus on safe production and green manufacturing.
On the supply side, the global PIP68 market is concentrated among a limited number of producers, with major players including BASF, Dow Chemical. These companies typically control an integrated supply chain from piperazine base synthesis to solution formulation and logistics management, ensuring product consistency and supply reliability.
Looking ahead, the PIP68 market will continue its steady expansion, driven by three major forces: energy structure optimization (with natural gas increasingly replacing coal), policies promoting carbon peaking and carbon neutrality, and rising demand for new fine chemical materials. At the same time, innovation in product formulation (such as developing more stable mixed solvents) and greener manufacturing processes (such as exploring bio-based production routes) will become key differentiators among suppliers. Companies that invest in these areas are likely to achieve significant competitive advantages in the evolving market landscape.
LP Information, Inc. (LPI) ' newest research report, the “Piperazine 68% (PIP68) Industry Forecast” looks at past sales and reviews total world Piperazine 68% (PIP68) sales in 2024, providing a comprehensive analysis by region and market sector of projected Piperazine 68% (PIP68) sales for 2025 through 2031. With Piperazine 68% (PIP68) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Piperazine 68% (PIP68) industry.
This Insight Report provides a comprehensive analysis of the global Piperazine 68% (PIP68) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Piperazine 68% (PIP68) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Piperazine 68% (PIP68) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Piperazine 68% (PIP68) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Piperazine 68% (PIP68).
This report presents a comprehensive overview, market shares, and growth opportunities of Piperazine 68% (PIP68) market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Pharmaceutical Grade
Industrial Grade
Segmentation by Application:
Pharmaceutical Industry
Chemical Industry
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Akzo Nobel
Dow Chemicals
BASF
Tosoh
Delamine
Nippon Nyukazai
Diamines And Chemicals Limited (DACL)
Hebei Hejia Pharmaceutical Group
Shaoxing Xingxin New Materials Co.,Ltd
Key Questions Addressed in this Report
What is the 10-year outlook for the global Piperazine 68% (PIP68) market?
What factors are driving Piperazine 68% (PIP68) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Piperazine 68% (PIP68) market opportunities vary by end market size?
How does Piperazine 68% (PIP68) break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Piperazine 68% (PIP68) refers to a solution or mixture containing 68% active Piperazine (C₄H₁₀N₂), typically provided as an aqueous solution. Compared to anhydrous Piperazine, PIP68 offers moderate active concentration and excellent operability, making it particularly common in industrial applications. It is mainly used for acid gas removal (especially carbon dioxide and hydrogen sulfide) in natural gas processing, carbon capture and storage (CCS) projects, fine chemical synthesis, and pharmaceutical intermediate production. Its balanced concentration ensures high reaction efficiency while minimizing equipment corrosion, establishing PIP68 as a key intermediate or additive in the oil and gas, environmental engineering, and fine chemical industries.
In recent years, driven by the rapid expansion of the global natural gas industry and the ongoing implementation of carbon reduction policies, Piperazine 68% (PIP68) has seen steadily increasing demand. As a key additive in acid gas removal and carbon capture processes, PIP68 plays a vital role in enhancing gas purification efficiency. In natural gas sweetening, PIP68 is often used in combination with amine solutions such as MDEA to create mixed amine systems. These systems significantly improve the removal efficiency of CO₂ and H₂S while providing superior thermal stability and resistance to chemical degradation, making PIP68 a critical component in LNG pre-treatment, gas field development, and refinery off-gas treatment.
In carbon capture and storage (CCS) projects, PIP68 has garnered growing attention due to its high CO₂ absorption capacity, lower energy requirements for regeneration, and overall system efficiency improvements. Particularly in large-scale industrial decarbonization projects, such as those targeting coal-fired power plants and steel mills, PIP68 is increasingly adopted as a solvent optimization agent. As the global carbon trading market matures, PIP68 is expected to capture a larger share of the carbon capture materials sector.
Beyond environmental applications, PIP68 is widely used in fine chemical synthesis processes, such as the production of antiparasitic drugs, psychiatric medications, and polymer additives. Acting as a condensation agent or alkaline promoter, PIP68 improves reaction selectivity and yield. Furthermore, with its moderate concentration, PIP68 offers significant safety advantages during storage and transport compared to anhydrous piperazine, reducing risks associated with explosiveness and causticity, aligning well with the chemical industry's increasing focus on safe production and green manufacturing.
On the supply side, the global PIP68 market is concentrated among a limited number of producers, with major players including BASF, Dow Chemical. These companies typically control an integrated supply chain from piperazine base synthesis to solution formulation and logistics management, ensuring product consistency and supply reliability.
Looking ahead, the PIP68 market will continue its steady expansion, driven by three major forces: energy structure optimization (with natural gas increasingly replacing coal), policies promoting carbon peaking and carbon neutrality, and rising demand for new fine chemical materials. At the same time, innovation in product formulation (such as developing more stable mixed solvents) and greener manufacturing processes (such as exploring bio-based production routes) will become key differentiators among suppliers. Companies that invest in these areas are likely to achieve significant competitive advantages in the evolving market landscape.
LP Information, Inc. (LPI) ' newest research report, the “Piperazine 68% (PIP68) Industry Forecast” looks at past sales and reviews total world Piperazine 68% (PIP68) sales in 2024, providing a comprehensive analysis by region and market sector of projected Piperazine 68% (PIP68) sales for 2025 through 2031. With Piperazine 68% (PIP68) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Piperazine 68% (PIP68) industry.
This Insight Report provides a comprehensive analysis of the global Piperazine 68% (PIP68) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Piperazine 68% (PIP68) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Piperazine 68% (PIP68) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Piperazine 68% (PIP68) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Piperazine 68% (PIP68).
This report presents a comprehensive overview, market shares, and growth opportunities of Piperazine 68% (PIP68) market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Pharmaceutical Grade
Industrial Grade
Segmentation by Application:
Pharmaceutical Industry
Chemical Industry
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Akzo Nobel
Dow Chemicals
BASF
Tosoh
Delamine
Nippon Nyukazai
Diamines And Chemicals Limited (DACL)
Hebei Hejia Pharmaceutical Group
Shaoxing Xingxin New Materials Co.,Ltd
Key Questions Addressed in this Report
What is the 10-year outlook for the global Piperazine 68% (PIP68) market?
What factors are driving Piperazine 68% (PIP68) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Piperazine 68% (PIP68) market opportunities vary by end market size?
How does Piperazine 68% (PIP68) break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
86 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Piperazine 68% (PIP68) by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Piperazine 68% (PIP68) by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
