Polyetheramine Market, By Type (Monoamine, Diamine, Triamine), By Application (Epoxy Coating, Polyurea, Adhesives and Sealants, Composites, Fuel Additives), and By Regional (North America, Europe, Asia-Pacific, Middle East and Africa, South America) Forecast, 2021–2030

The Polyetheramine Market is projected to grow from USD XX billion in 2021 to USD XX billion in 2030 at a CAGR of XX%. Polyetheramine (PEA) market is observing continuous growth as a curing agent in enhancing the performance of epoxy adhesives and epoxy additives. The use of polyetheramine improves the fatigue resistance and burst strength of the composites, boosting the attractive curing trait of the polyetheramine compound. PEA is also popularly known for its diverseness as an automotive fuel additive, driving market growth in its favor.

The factors that could drive polyetheramine demand in are local end-user output accelerated industrial manufacturing growth and the ever-increasing population of developing economies. It is also assumed that cement additives and the acid neutralization industry will assist the rising market demand for polyetheramine.

Polyetheramine Market

Latest Trends

A rising need globally for green and clean energy coupled with wind energy installations spearheaded by China has cleared the way for the exponential growth of wind power generation. Wind turbines are assembled using epoxy adhesives, while composites of epoxy resin are made from their blades. One-inch-thick adhesives are used to affix the two halves of wind turbine blades, and polyetheramines make it look extremely simple by reinforcing the properties of epoxy adhesives and epoxy resin composites as curing agents. The added polyetheramine increases the composites' fatigue tolerance & burst strength adding to the lifespan of the blades. These trends are driving the market for polyetheramine in the wind energy sector.

Driving Factors

Polyetheramine has applications in wind energy, construction and renovation, and automotive and transportation industries. Properties like fatigue tolerance, burst resistance, durability, high wear and tear resistance contribute to market growth. Surging demand in wind energy, building and construction and automotive and transportation verticals are expected to propel polyetheramine market during the forecast period.

Population growth in emerging economies, consecutive growth in the manufacturing sector and growth in local end-use demand are projected to fuel polyetheramine consumption. The wide-scale utilization of polyetheramines in industries such as cement additives and acid neutralization would fuel the polyetheramine market adds to its growth story.

Restraining Factors

Exposure of polyetheramine UV/VIS leads to unstable amines that are oxidized on exposure to the atmosphere. Oxidization renders a yellow color to polyetheramines that specifically do not augur well for its use as a white coating in automobiles. This limits the use of polyetheramines in cars and can hinder the polyetheramine market.

Segmentation Analysis

By Type

Diamine Segment to Hold Major Market Share

Based on type, the polyetheramine market is classified by type into monoamine, diamine, and triamine. The diamine segment is expected to have the largest market share during the forecast period. Diamines are utilized in epoxy coatings, polyuria, and adhesives and sealants applications. Rising urbanization and the use of renewable energy are expected to drive the segment growth.

By Application

Composites Segment to Grow at a High CAGR

Based on application, the polyetheramine market is segmented into epoxy coating, polyurea, adhesives and sealants, composites, and fuel additives. The composites segment is expected to witness the highest CAGR during the forecast period. Polyetheramines can be used as an additive for composites used in wind turbine blades and as adhesives to bind the two parts of a blade. These properties contribute to segment growth

By Region

Asia-Pacific to Observe Fastest Growth

Based on region, the polyetheramine market is classified into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Asia-Pacific polyetheramine market is estimated to be the fastest-growing during the forecast period. The market in this region is experiencing surging demand for polyetheramine from the wind energy and building & construction industries.

India is estimated to be the fastest-growing polyetheramine market during the forecast period. The major growth is attributed to the wind energy industry owing to the demand for polyetheramine in composites and adhesives applications. The demand for coatings and adhesives and sealants in the construction industry is also driving the polyetheramine market.

Key Developments

  • In June 2015, Huntsman declared the expansion of its Conroe chemical plant by investing copious amounts in the range of USD 25 million and USD 30 million. This development ramped up production and capacity and created new jobs in Conroe and The Woodlands.
  • In September 2017, BASF SE kick started a new project for the production of specialty amines in the Nanjing Chemical Industry Park in Nanjing, China. This production venture is the first specialty amines plant of its kind in Asia-Pacific. With this expansion, the company met the increasing demand of PEA in personal care, construction, wind energy, and coatings sectors.

Key Industry Players

Expansions, new product launches and joint ventures are key strategies adopted by manufacturers to keep abreast of the competition.

Polyetheramine Market

List of Companies Profiled

  • Huntsman Corporation
  • BASF SE
  • Clariant
  • Yangzhou Chenhua New Materials Co., Ltd.
  • Wuxi Acryl Technology Co., Ltd.
  • Yantai Minsheng Chemicals Co., Ltd.
  • Iro Surfactant Co., Ltd.
  • Yantai Dasteck Chemicals Co., Ltd.
  • Zibo Dexin Lianbang Chemical Industry Co., Ltd.
  • The Aurora Chemical Co. Ltd.

Market Segmentation

By Type:

  • Monoamine
  • Diamine
  • Triamine

By Application:

  • Epoxy Coating
  • Polyurea
  • Adhesives and Sealants
  • Composites
  • Fuel Additives

By Region:

 North America Polyetheramine Market

  • North America, by Country
    • U S.
    • Canada
    • Mexico
  • North America by Type
  • North America by Application

Europe Polyetheramine Market

  • Europe, by Country
    • Germany
    • U K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe 
  • Europe by Type
  • Europe by Application

Asia Pacific Polyetheramine Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific 
  • Asia Pacific by Type
  • Asia Pacific by Application

Middle East and Africa Polyetheramine Market

  • Middle East and Africa, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
  • Rest of Middle East and Africa
  • Middle East and Africa by Type
  • Middle East and Africa by Application

South America Polyetheramine Market

  • South America, by Country 
    • Brazil
    • Argentina
    • Rest of South America
  • South America by Type
  • South America by Application

FAQs Answered in the Report

  • In the polyetheramine market, what are the most important regional markets?
  • What is the market segmentation based on type?
  • What is the polyetheramine market segmentation dependent on end-user?
  • What are the different phases of the polyetheramine market’s value chain?
  • What are the major drivers and threats in the global market?
  • Who are the main players in the global industry and what is their structure?
  • What level of rivalry does the polyetheramine market have?
  • What are the profit margins in the industry?

Objectives of this report:

  • To estimate the market size for polyetheramine market on a regional and global basis.
  • To identify major segments in polyetheramine market and evaluate theirmarket shares and demand.
  • To provide a competitive scenario for the polyetheramine market with major developments observed by key companies in the historic years.
  • To evaluate key factors governing the dynamics of polyetheramine market with their potential gravity during the forecast period.

Reasons to Buy This Report:

  • It provides niche insights for a decision about every possible segment helping in the strategic decision-making process.
  • Market size estimation of the polyetheramine market on a regional and global basis.
  • A unique research design for market size estimation and forecast.
  • Identification of major companies operating in the market with related developments
  • Exhaustive scope to cover all the possible segments helping every stakeholder in the polyetheramine market.

Customization:

This study is customized to meet your specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country
  • Product Specific Competitive Analysis

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