Description
The global polyetheramine market is projected to experience considerable growth between 2022 and 2029. The market size is estimated to increase from approximately 281.3 kilotons in 2022 to 510.9 kilotons by 2029, representing a compound annual growth rate of 8.9% over this period.
Polyetheramine, a type of polyethylene oxide molecule, functions as a curing agent that enhances properties such as flexibility, hydrophobicity, hydrophilicity, and toughness in end products. While the market was negatively impacted in 2020 due to the pandemic, it has since recovered and is expected to demonstrate steady expansion going forward.
Strong demand from the construction industry is a major driver of polyetheramine consumption globally. However, growing environmental concerns pose a challenge to market growth. Meanwhile, increasing adoption of epoxy composites in the aerospace sector presents substantial opportunities.
The Asia Pacific region, led by China, India, and Japan, currently accounts for the largest and fastest growing regional market. Increased infrastructure development and industrialization across developing nations in Asia Pacific are contributing to accelerating polyetheramine demand in this critical region.
Market Segmentation
The market is segmented based on various factors, including type, application, and geography.
Segmentation by Type
Monoamine
Diamine
Triamine
Segmentation by Application
Polyurea
Fuel Additives
Composites
Epoxy Coatings
Adhesives and Sealants
Others
Segmentation by Geography
North America - United States, Canada, Mexico
Europe - United Kingdom, Germany, France, Italy, and Rest of Europe
Asia-Pacific - China, Japan, India, South Korea, and Rest of Asia-Pacific
Latin America - Brazil, Argentina, and Rest of Latin America
Middle East and Africa - Saudi Arabia, South Africa, and Rest of Middle East and Africa
Diamine is the largest type of polyetheramines in 2022, widely used in composites, coatings, epoxy resins, adhesives, and polyurea. Polyether diamines based on a PEG backbone are the main category, providing water solubility. They act as epoxy curing agents, enhance flexibility and toughness in thermoset polymers, and offer thermal shock resistance in cured epoxies. The growing applications in composites, particularly in wind turbine blades and aerospace, drive market growth. Polyetheramines are favored in composites for their balanced strength and flexibility, replacing traditional materials in demanding applications like aerospace and automotive parts. The automotive industry significantly contributes to the composites segment, further driving the market for polyetheramines.
The Asia-Pacific region, with its rapid industrial growth, offers substantial opportunities for the polyetheramine market. The construction and adhesives sectors show significant potential for increased use of polyetheramines. As a result, the Asia-Pacific region is projected to dominate the market. Countries like China and India, driven by the demand for wind energy and construction applications, have witnessed a surge in polyetheramine demand. Polyetheramines are widely used in adhesives for bonding components, including wind turbine blades, and in composites for these blades. The high demand in wind energy applications is expected to drive the market further, supported by government initiatives.
Competitive Landscape
The polyetheramine market is consolidated, with dominant players including BASF SE, Hongbaoli Group Co. Ltd., Huntsman Corporation, Wuxi Acryl Technology Co. Ltd., Yangzhou Chenhua New Material Co. Ltd., Zhejiang Huangma Technology Co. Ltd., Zibo Zhengda Polyurethane Co. Ltd., among others.
Recent Industry Developments
In June 2022, BASF announced plans to expand production capacity at the Geismar site. By mid-2023, the site will be operational for manufacturing specialty amines in North America. This expansion will allow BASF to increase production of Baxxodur polyetheramines.
In March 2022, Brenntag and BASF SE formed a collaborative partnership. Under this agreement, Brenntag has been appointed as the exclusive distributor for BASF's Polyetheramines and Baxxodur portfolios in the United States and Canada.
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TABLE OF CONTENTS
FIGURES AND TABLES
PART 1. INTRODUCTION
1.1 Description
1.2 Objectives of The Study
1.3 Market Segment
1.4 Years Considered for The Report
1.5 Currency
1.6 Key Target Audience
PART 2. RESEARCH METHODOLOGY
PART 3. EXECUTIVE SUMMARY
PART 4. MARKET OVERVIEW
PART 5. GLOBAL POLYETHERAMINE MARKET BY TYPE
5.1 Monoamine
5.2 Diamine
5.3 Triamine
PART 6. GLOBAL POLYETHERAMINE MARKET BY APPLICATION
6.1 Adhesives and sealants
6.2 Composites
6.3 Epoxy coatings
6.4 Fuel additives
6.5 Polyurea
6.6 Others
PART 7. GLOBAL POLYETHERAMINE MARKET BY GEOGRAPHY
7.1 North America
7.2 Europe
7.3 Asia Pacific
7.4 Middle East and Africa
7.5 Latin America
PART 8. COMPANY PROFILES
8.1 BASF SE
8.2 Hongbaoli Group Co,. Ltd.
8.3 Huntsman Corporation
8.4 Wuxi Acryl Technology Co., Ltd.
8.5 Yangzhou Chenhua New Material Co., Ltd.
8.6 Zhejiang Huangma Technology Co., Ltd.
8.7 Zibo Zhengda Polyurethane Co., Ltd.
DISCLAIMER
Description
The global polyetheramine market is projected to experience considerable growth between 2022 and 2029. The market size is estimated to increase from approximately 281.3 kilotons in 2022 to 510.9 kilotons by 2029, representing a compound annual growth rate of 8.9% over this period....
The global Polyetheramine market is expected to reach US$ XX Million by 2028, with a CAGR of XX% from 2023 to 2028, based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field...
Summary
The polyetheramine market, along with its end products, has witnessed an intense growth in the past few years. This is estimated to remain the same in the next five years, especially in the Asia-Pacific and Row regions. Leading manufacturers and their strategies to balance the current ...
The global Polyetheramine market was valued at 673.83 Million USD in 2020 and will grow with a CAGR of 5.5% from 2020 to 2027, based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in...
Summary
The polyetheramine market, along with its end products, has witnessed an intense growth in the past few years. This is estimated to remain the same in the next five years, especially in the Asia-Pacific and Row regions. Leading manufacturers and their strategies to balance the c...
The research team projects that the Polyetheramine market size will grow from XXX in 2020 to XXX by 2027, at an estimated CAGR of XX. The base year considered for the study is 2020, and the market size is projected from 2020 to 2027.
The prime objective of this report is to help the user un...
Snapshot
A door closer is a mechanical device that closes a door, in general after someone opens it. Choosing a door closer can involve the consideration of a variety of criteria. In addition to the closer's performance in fire situations, other criteria may include resistance to openin...
Summary
The polyetheramine market, along with its end products, has witnessed an intense growth in the past few years. This is estimated to remain the same in the next five years, especially in the Asia-Pacific and Row regions. Leading manufacturers and their strategies to balance the c...
Summary
The polyetheramine market, along with its end products, has witnessed an intense growth in the past few years. This is estimated to remain the same in the next five years, especially in the Asia-Pacific and Row regions. Leading manufacturers and their strategies to balance the c...
Global Market for polyetheramine to 2023 offers detailed coverage of polyetheramine industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading polyet...