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Chemical & Material Global Piperazine 68% (PIP68) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4626989
    • |
  • 26 September, 2025
    • |
  • Global
    • |
  • 100 Pages
    • |
  • GIR
    • |
  • Chemical & Material

According to our (Global Info Research) latest study, the global Piperazine 68% (PIP68) market size was valued at US$ 30.9 million in 2024 and is forecast to a readjusted size of USD 37.8 million by 2031 with a CAGR of 2.9% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
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.
This report is a detailed and comprehensive analysis for global Piperazine 68% (PIP68) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Piperazine 68% (PIP68) market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Piperazine 68% (PIP68) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Piperazine 68% (PIP68) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Piperazine 68% (PIP68) market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Piperazine 68% (PIP68)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Piperazine 68% (PIP68) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Akzo Nobel, Dow Chemicals, BASF, Tosoh, Delamine, Nippon Nyukazai, Diamines And Chemicals Limited (DACL), Hebei Hejia Pharmaceutical Group, Shaoxing Xingxin New Materials Co.,Ltd, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Piperazine 68% (PIP68) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Pharmaceutical Grade
Industrial Grade
Market segment by Application
Pharmaceutical Industry
Chemical Industry
Others
Major players covered
Akzo Nobel
Dow Chemicals
BASF
Tosoh
Delamine
Nippon Nyukazai
Diamines And Chemicals Limited (DACL)
Hebei Hejia Pharmaceutical Group
Shaoxing Xingxin New Materials Co.,Ltd
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Piperazine 68% (PIP68) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Piperazine 68% (PIP68), with price, sales quantity, revenue, and global market share of Piperazine 68% (PIP68) from 2020 to 2025.
Chapter 3, the Piperazine 68% (PIP68) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Piperazine 68% (PIP68) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Piperazine 68% (PIP68) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Piperazine 68% (PIP68).
Chapter 14 and 15, to describe Piperazine 68% (PIP68) sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Piperazine 68% (PIP68) Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Pharmaceutical Grade
    • 1.3.3 Industrial Grade
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Piperazine 68% (PIP68) Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Pharmaceutical Industry
    • 1.4.3 Chemical Industry
    • 1.4.4 Others
  • 1.5 Global Piperazine 68% (PIP68) Market Size & Forecast
    • 1.5.1 Global Piperazine 68% (PIP68) Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Piperazine 68% (PIP68) Sales Quantity (2020-2031)
    • 1.5.3 Global Piperazine 68% (PIP68) Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Akzo Nobel
    • 2.1.1 Akzo Nobel Details
    • 2.1.2 Akzo Nobel Major Business
    • 2.1.3 Akzo Nobel Piperazine 68% (PIP68) Product and Services
    • 2.1.4 Akzo Nobel Piperazine 68% (PIP68) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Akzo Nobel Recent Developments/Updates
  • 2.2 Dow Chemicals
    • 2.2.1 Dow Chemicals Details
    • 2.2.2 Dow Chemicals Major Business
    • 2.2.3 Dow Chemicals Piperazine 68% (PIP68) Product and Services
    • 2.2.4 Dow Chemicals Piperazine 68% (PIP68) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Dow Chemicals Recent Developments/Updates
  • 2.3 BASF
    • 2.3.1 BASF Details
    • 2.3.2 BASF Major Business
    • 2.3.3 BASF Piperazine 68% (PIP68) Product and Services
    • 2.3.4 BASF Piperazine 68% (PIP68) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 BASF Recent Developments/Updates
  • 2.4 Tosoh
    • 2.4.1 Tosoh Details
    • 2.4.2 Tosoh Major Business
    • 2.4.3 Tosoh Piperazine 68% (PIP68) Product and Services
    • 2.4.4 Tosoh Piperazine 68% (PIP68) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Tosoh Recent Developments/Updates
  • 2.5 Delamine
    • 2.5.1 Delamine Details
    • 2.5.2 Delamine Major Business
    • 2.5.3 Delamine Piperazine 68% (PIP68) Product and Services
    • 2.5.4 Delamine Piperazine 68% (PIP68) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Delamine Recent Developments/Updates
  • 2.6 Nippon Nyukazai
    • 2.6.1 Nippon Nyukazai Details
    • 2.6.2 Nippon Nyukazai Major Business
    • 2.6.3 Nippon Nyukazai Piperazine 68% (PIP68) Product and Services
    • 2.6.4 Nippon Nyukazai Piperazine 68% (PIP68) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Nippon Nyukazai Recent Developments/Updates
  • 2.7 Diamines And Chemicals Limited (DACL)
    • 2.7.1 Diamines And Chemicals Limited (DACL) Details
    • 2.7.2 Diamines And Chemicals Limited (DACL) Major Business
    • 2.7.3 Diamines And Chemicals Limited (DACL) Piperazine 68% (PIP68) Product and Services
    • 2.7.4 Diamines And Chemicals Limited (DACL) Piperazine 68% (PIP68) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Diamines And Chemicals Limited (DACL) Recent Developments/Updates
  • 2.8 Hebei Hejia Pharmaceutical Group
    • 2.8.1 Hebei Hejia Pharmaceutical Group Details
    • 2.8.2 Hebei Hejia Pharmaceutical Group Major Business
    • 2.8.3 Hebei Hejia Pharmaceutical Group Piperazine 68% (PIP68) Product and Services
    • 2.8.4 Hebei Hejia Pharmaceutical Group Piperazine 68% (PIP68) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Hebei Hejia Pharmaceutical Group Recent Developments/Updates
  • 2.9 Shaoxing Xingxin New Materials Co.,Ltd
    • 2.9.1 Shaoxing Xingxin New Materials Co.,Ltd Details
    • 2.9.2 Shaoxing Xingxin New Materials Co.,Ltd Major Business
    • 2.9.3 Shaoxing Xingxin New Materials Co.,Ltd Piperazine 68% (PIP68) Product and Services
    • 2.9.4 Shaoxing Xingxin New Materials Co.,Ltd Piperazine 68% (PIP68) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Shaoxing Xingxin New Materials Co.,Ltd Recent Developments/Updates

3 Competitive Environment: Piperazine 68% (PIP68) by Manufacturer

  • 3.1 Global Piperazine 68% (PIP68) Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Piperazine 68% (PIP68) Revenue by Manufacturer (2020-2025)
  • 3.3 Global Piperazine 68% (PIP68) Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Piperazine 68% (PIP68) by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Piperazine 68% (PIP68) Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Piperazine 68% (PIP68) Manufacturer Market Share in 2024
  • 3.5 Piperazine 68% (PIP68) Market: Overall Company Footprint Analysis
    • 3.5.1 Piperazine 68% (PIP68) Market: Region Footprint
    • 3.5.2 Piperazine 68% (PIP68) Market: Company Product Type Footprint
    • 3.5.3 Piperazine 68% (PIP68) Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Piperazine 68% (PIP68) Market Size by Region
    • 4.1.1 Global Piperazine 68% (PIP68) Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Piperazine 68% (PIP68) Consumption Value by Region (2020-2031)
    • 4.1.3 Global Piperazine 68% (PIP68) Average Price by Region (2020-2031)
  • 4.2 North America Piperazine 68% (PIP68) Consumption Value (2020-2031)
  • 4.3 Europe Piperazine 68% (PIP68) Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Piperazine 68% (PIP68) Consumption Value (2020-2031)
  • 4.5 South America Piperazine 68% (PIP68) Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Piperazine 68% (PIP68) Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Piperazine 68% (PIP68) Sales Quantity by Type (2020-2031)
  • 5.2 Global Piperazine 68% (PIP68) Consumption Value by Type (2020-2031)
  • 5.3 Global Piperazine 68% (PIP68) Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Piperazine 68% (PIP68) Sales Quantity by Application (2020-2031)
  • 6.2 Global Piperazine 68% (PIP68) Consumption Value by Application (2020-2031)
  • 6.3 Global Piperazine 68% (PIP68) Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Piperazine 68% (PIP68) Sales Quantity by Type (2020-2031)
  • 7.2 North America Piperazine 68% (PIP68) Sales Quantity by Application (2020-2031)
  • 7.3 North America Piperazine 68% (PIP68) Market Size by Country
    • 7.3.1 North America Piperazine 68% (PIP68) Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Piperazine 68% (PIP68) Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Piperazine 68% (PIP68) Sales Quantity by Type (2020-2031)
  • 8.2 Europe Piperazine 68% (PIP68) Sales Quantity by Application (2020-2031)
  • 8.3 Europe Piperazine 68% (PIP68) Market Size by Country
    • 8.3.1 Europe Piperazine 68% (PIP68) Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Piperazine 68% (PIP68) Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Piperazine 68% (PIP68) Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Piperazine 68% (PIP68) Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Piperazine 68% (PIP68) Market Size by Region
    • 9.3.1 Asia-Pacific Piperazine 68% (PIP68) Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Piperazine 68% (PIP68) Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Piperazine 68% (PIP68) Sales Quantity by Type (2020-2031)
  • 10.2 South America Piperazine 68% (PIP68) Sales Quantity by Application (2020-2031)
  • 10.3 South America Piperazine 68% (PIP68) Market Size by Country
    • 10.3.1 South America Piperazine 68% (PIP68) Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Piperazine 68% (PIP68) Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Piperazine 68% (PIP68) Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Piperazine 68% (PIP68) Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Piperazine 68% (PIP68) Market Size by Country
    • 11.3.1 Middle East & Africa Piperazine 68% (PIP68) Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Piperazine 68% (PIP68) Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Piperazine 68% (PIP68) Market Drivers
  • 12.2 Piperazine 68% (PIP68) Market Restraints
  • 12.3 Piperazine 68% (PIP68) Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Piperazine 68% (PIP68) and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Piperazine 68% (PIP68)
  • 13.3 Piperazine 68% (PIP68) Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Piperazine 68% (PIP68) Typical Distributors
  • 14.3 Piperazine 68% (PIP68) Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Piperazine 68% (PIP68). Industry analysis & Market Report on Piperazine 68% (PIP68) is a syndicated market report, published as Global Piperazine 68% (PIP68) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Piperazine 68% (PIP68) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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