MIPA market seen reaching $140.8 million by 2030

By AI, Created 11:41 AM UTC, June 04, 2026, /AGP/ – Allied Market Research projects the global monoisopropanolamine market will grow from $82.2 million in 2020 to $140.8 million by 2030, driven by demand from agriculture and personal care. Asia-Pacific leads the market now and is expected to stay the fastest-growing region.

Why it matters: - The global monoisopropanolamine (MIPA) market is on a steady growth path, reflecting wider demand in agriculture, personal care and chemical manufacturing. - The market’s projected rise to $140.8 million by 2030 points to expanding commercial use, even as toxicity remains a drag on adoption. - The personal care segment is emerging as the fastest-growing end use, which could influence product formulation and supplier strategies.

What happened: - Allied Market Research said the global MIPA market was valued at $82.2 million in 2020 and is forecast to reach $140.8 million by 2030. - The report projects a 5.6% compound annual growth rate from 2021 to 2030. - The report covers end-use industries including chemical, personal care, agrochemical, pharmaceuticals, metalworking and others. - The study is available through the company’s sample report page.

The details: - Demand from the agricultural sector is helping lift the market. - Increased use of MIPA in personal care and cosmetic products is another growth driver. - Toxicity of monoisopropanolamine is limiting market expansion. - New applications for MIPA could open additional growth opportunities. - The personal care end-use industry is projected to post the highest CAGR at 6.2% through 2030. - MIPA is used in cosmetic products, shaving creams and mascara formulations. - The chemical industry held the largest share in 2020, with more than one-third of the global market. - In chemical applications, MIPA is used to neutralize fatty acid chemical compounds and sulfonic acid-based surfactants. - Major market players listed in the report include Aceto, Alkyl Amines Chemicals Limited, Anhui Sinotech Industrial Co. Ltd., Arkema S.A., BASF SE, Eastman Chemical Company, Hangzhou Lingrui Chemical Co. Ltd., Hongbaoli Group Co. Ltd., Lanxess and Muby Chemicals. - More report information is available in the full summary report. - The report’s purchase page is available here. - A related inquiry page is available here. - The release also links to more details.

Between the lines: - Asia-Pacific accounted for 54.4% of revenue in 2020 and is expected to remain the dominant regional market. - Asia-Pacific is forecast to grow at a 6.3% CAGR through 2030, outpacing the global average. - North America is projected to grow at a 5.2% CAGR during the same period. - The regional outlook suggests MIPA demand is tied closely to industrial activity, agriculture and consumer product production.

What’s next: - The market’s next phase will likely depend on whether new MIPA applications offset concerns around toxicity. - Growth in Asia-Pacific and personal care could shape where suppliers and manufacturers focus capacity and sales. - Further commercialization in agriculture and cosmetics would likely reinforce the market’s current growth trajectory.