Global Polyetheramine Market is Valued at USD 0.66 Billion in 2018 and Expected to Reach USD 1.22 Billion by 2025 with the CAGR of 9.12% Over the Forecast Period.
Huge consumption of Polyetheramine in epoxy coatings and several composite materials are some factors driving the growth of the market.
Scope of Global Polyetheramine Market
The Polyetheramine is also referred as polyaziridine. Polyetheramine is a polymer that contains polyether and amine moieties which is used to enhance toughness, flexibility, and hydrophobicity of the products. Polyetheramine shows glass transition state at temperature ranging from 25 to 100°C. Polyetheramine has odour like amines and available in the form of colourless liquid. Its products derivatives mainly contain ethylene oxide, propylene oxide, or a mixture of both compounds containing primary amino groups with polyether backbone. It is used as a curing agent for multiple applications such as polyurea, polyamides, and epoxy curing. In addition, polyetheramine is used in sealants, adhesives, elastomers, ink resins and for cleaning of carburetors, valves, and injectors which increases its demand as a fuel additive. Polyetheramine products has wide range of application in the paints & coating, construction, and automotive industries. Polyetheramine also has other uses including demulsification of an oilfield, acid neutralization, and cement additives.
Global Polyetheramine Market Report is segmented based upon by Type, Applications, Distribution Channel & By Regional and Country level. Based upon type market is sub segmented as monoamine, diamine, and triamine. By application market is sub divided into epoxy coatings, polyurea, adhesive and sealants, fuel additives & composites among others. By distribution channel market is segmented into online, B2B and B2C.
The Regions covered in this Global Polyetheramine Market Report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global Polyetheramine Market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Polyetheramine Market Key Players–
Huntsman Corporation BASF SE Wuxi Acryl Technology Co. Ltd Clariant among others.
Global Polyurethane Dynamics –
Huge consumption of Polyetheramine in epoxy coatings and several composite materials driving the growth of the Global Polyurethane Market. Growing demand for green and renewable energy across the world, rise of wind energy industry is one of the significant drivers for the increase demand of polyetheramine. As per GWEC wind power has major contribution in renewable power generation in 2015. Polyetheramine used in wind energy are manufactured using epoxy adhesives, and it’s blades are made from epoxy resin composites. Adhesives are made from polyetheramine which is used as a curing agent to connect the two halves of wind turbines and enhances static and dynamic fracture toughness. Whereas China has installed figure of 30 GW wind turbines which rises opportunity for market. Additionally, demand for elastomers, sealants and adhesives are also expected to increase use of polyetheramine.
However, weak UV/VIS spectral stability is significant restraint for Global Polyetheramine Market growth. When polyetheramine is exposed with ambient atmosphere, because of amine group, it gets oxidized and turned into yellow colour which restrict its use as a coating agent in luxury segments of vehicle.
Global Polyetheramine Market Regional Analysis –
In term of geography, Asia Pacific dominates the Global Polyetheramine Market followed by North Amerika and Europe. Asia Pacific shows significant contribution both in terms of both volume and value and experiencing the huge demand of Polyetheramine in the sectors of energy and building & construction industries. As the high rate of adaptation of renewable energy in the region, it is majorly utilized in wind energy industry owing to the demand for polyetheramine in composites and adhesives applications. As per IBPS Indian market invested USD 90 billion and it is expected to continue with US 100 billion by 2024. Increasing population in developing countries, rise in local end-use production, and growth of manufacturing industry for coatings and adhesives & sealants is attributing the growth in the region.
Advancement in coating technologies, rising acceptance of renewable energy, and construction solutions for infrastructure development fuelling the growth of the polyetheramine market in North America.
Key Benefits for Global Polyetheramine Market Reports –
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in marketplace.
Global Market report covers extensive analysis of emerging trends and competitive landscape.
Global Polyetheramine Market Segmentation –
By Type: Monoamine, Diamine, Triamine
By Application: Epoxy Coatings, Polyurea, Adhesive and Sealants, Composites, Fuel Additives
By Distribution Channel: Online, B2B, B2C
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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