Polyetheramine Market

Polyetheramine Market is expected to witness a CAGR of approximately 9.4% during the forecast period, 2023-2030.

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Major Polyetheramine Market Drivers

The market for polyetheramine is expected to witness strong growth owing to the expansion of end-user industries. The rise in the usage of polyetheramine based composites in the wind energy industry for the past few years is anticipated to drive the market growth during the forecast period. An increase in demand for renewable energy is propelling the market for the wind industry. Hence, it is projected to boost the polyetheramine market during the forecast period. An increase in the population of developing countries, growth in the manufacturing sector, and rise in local end-use production are expected to drive the consumption of polyetheramines. Expansion in industries like cement additives and acid neutralization is also estimated to augment the polyetheramine market.

Increasing adoption of polytheramine in ink resins, elastomers, adhesives, and sealants stands to be chief factor fuelling the Polyetheramine Market. Emerging trend of environment friendly and inexhaustible energy generation sources will further expand the Polyetheramine Market size.

Restraint in the Polyetheramine Market

However, the rise in environmental regulations and norms on the usage of polyetheramines owing to their hazardous impact on aquatic life may hamper the global polyetheramine market.

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Type – Segment Analysis

Based on the Type, the Diamines segment is expected to grow at a higher CAGR during the forecast period. They are useful as chain extenders in polyurethane-ureas. The hydrogen-bonding ability of the resulting polyurea hard segments provides exceptional tensile strength at low hardness. Diamine chain extenders having biodegradable properties have been developed in tissue engineering applications. They also offer applications in industrial sectors as components of polyamides, pharmaceuticals, agrochemicals, surfactants, and other materials.

Application – Segment Analysis

Based on the Application, the Composites segment is expected to grow at a higher CAGR during the forecast period. This segment is anticipated to capture the highest polyetheramine market share during the forecast period. Rising usage of polyetheramine-based composites in the wind energy industry is projected to drive the market of polyetheramine. They are widely used in composites applications as they offer a critical balance between strength and flexibility. Furthermore, polyetheramines-based composites are produced to replace wood, metal, and concrete and are useful in highly demanding applications like aerospace, automotive parts, and wind turbine blades due to their lightweight design and high dielectric strength amalgamated with high resistance to environmental degradation. The global automotive composites material market is anticipated to grow significantly owing to growing usage as they enhance electric vehicle efficiency by lowering the vehicle weight, which is expected to create lucrative growth opportunities for the polyetheramine market to grow during the forecast period.

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Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is projected to dominate the market during the forecast period. In developing countries like China and India, due to the rising demand from wind energy and construction & building applications, the need for polyetheramine has been growing in the region. They are widely used as an additive in adhesives to adhere two parts of blades and in composites, used in wind turbine blades due to which there is a high demand for polyetheramine in wind energy applications that will propel the market during the forecast period. In addition to that, governments of countries like India and China are focusing on producing green and renewable energy, which will surge the demand for polyetheramine in the wind energy industry. For instance, in 2020, China government has set up a roadmap and targets to reach a wind power capacity of more than 210 GW. Moreover, they are widely used as epoxy coatings in construction, and building applications as epoxy coatings serve the application in sealing the surface of concrete and prevent the rapid loss of moisture. The construction industry in Asia-Pacific region is projected to grow at a significant rate during the forecast period owing to the rising population, urbanization and industrialization, which will create high demands for epoxy coatings and, consequently, polyetheramine and therefore expand the polyetheramine market size in the region.

Top Market Players

Various notable players operating in the market include BASF SE, Wuxi Acryl Technology Co.,Ltd., Huntsman International LLC, Yangzhou Chenhua New Material Co., Ltd., Clariant, Yantai Minsheng Chemicals Co., Ltd., Zibo Dexin Lianbang Chemical Industry Co., Ltd., Qingdao IRO Surfactant Co. Ltd., Aurora Chemical Co., LTD., Dasteck, among others. 

Key Developments:

• • In 2022 – BASF decided to expand the production capacity for leading specialty amines manufactured at its Geismar, Louisiana site. This expansion will help BASF to produce more of its key polyetheramines and tertiary amines sold under the Baxxodur^® and Lupragen^TM brands. 
  • In 2021, Huntsman International LLC acquired Gabriel Performance Products (Gabriel), a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants and composite end-markets, from Audax Private Equity.

Segments covered in the Report:

The global Polyetheramine market has been segmented on the basis of Type, Application, and regions. Based on Type, the market is segmented into Monoamine, Diamine and Triamine. Based on Application, the market is segmented into Epoxy Coatings, Polyurea, Adhesives & Sealants, Composites and Fuel Additives. 

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Report Coverage	Details
Market Revenues (2022)	USD Million
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	BASF SE, Wuxi Acryl Technology Co.,Ltd., Huntsman International LLC, Yangzhou Chenhua New Material Co., Ltd., Clariant, Yantai Minsheng Chemicals Co., Ltd., Zibo Dexin Lianbang Chemical Industry Co., Ltd., Qingdao IRO Surfactant Co. Ltd., Aurora Chemical Co., LTD., Dasteck, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Polyetheramine Market by Type

• • Monoamine
  • Diamine
  • Triamine

Global Polyetheramine Market by Application

• • Epoxy Coatings
  • Polyurea
  • Adhesives & Sealants
  • Composites
  • Fuel Additives

Global Polyetheramine Market by Region

• • North America Polyetheramine Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Polyetheramine Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Polyetheramine Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Polyetheramine Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Polyetheramine (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BASF SE
  • Wuxi Acryl Technology Co.,Ltd.
  • Huntsman International LLC
  • Yangzhou Chenhua New Material Co., Ltd.
  • Clariant
  • Yantai Minsheng Chemicals Co., Ltd.
  • Zibo Dexin Lianbang Chemical Industry Co., Ltd.
  • Qingdao IRO Surfactant Co. Ltd.
  • Aurora Chemical Co., LTD.
  • Dasteck