#Polyetheramine Market Report
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The Polyetheramine Market is expected to reach 292.82 kilotons in 2023 and grow at a CAGR of 9.44% to reach 459.71 kilotons by 2028. Huntsman International LLC, BASF SE, Clariant, Dasteck, Chai-Tai New Materials (Zibo Zhengda Polyurethane Co., Ltd.) are the major companies operating this market.
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Unveiling the Versatility of Diamine Polyetheramine: Applications and Advancements
Diamine Polyetheramine Market was valued at USD 1.21 billion and is projected to reach a market size of USD 2.31 billion by the end of 2030. Over the forecast period of 2024–2030, the market is projected to grow at a CAGR of 9.7%.
One of the stalwart long-term drivers of the Diamine Polyetheramine Market is its indispensable role in the coatings and adhesives industry. With a plethora of applications, including epoxy resins, polyurea elastomers, and fuel additives, Diamine Polyetheramine has become a cornerstone for various end-use sectors. The sustained demand for high-performance coatings and adhesives, owing to the robust growth of construction and automotive industries, continues to fuel the market’s upward trajectory.
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In the wake of the COVID-19 pandemic, the Diamine Polyetheramine Market demonstrated remarkable resilience. The surge in construction and infrastructure projects, coupled with the heightened focus on hygiene and safety in the healthcare sector, bolstered the demand for durable coatings and adhesives. The pandemic, while causing disruptions in several industries, acted as a catalyst for innovation and adaptation within the Diamine Polyetheramine Market. Manufacturers responded by developing antimicrobial coatings and adhesives, aligning with the heightened global awareness of health and safety.
A significant short-term driver in the Diamine Polyetheramine Market is the escalating demand for bio-based polyetheramines. As environmental consciousness continues to gain momentum, industries are actively seeking sustainable alternatives. Bio-based polyetheramines, derived from renewable sources, offer a compelling solution. Their eco-friendly nature, coupled with performance attributes comparable to traditional counterparts, positions them as a key driver for short-term market growth.
Amidst the evolving landscape, an exciting opportunity lies in the burgeoning demand from the Asia-Pacific region. The robust industrialization, expanding infrastructure projects, and increasing disposable income in countries like China and India present a fertile ground for the Diamine Polyetheramine Market. Manufacturers eyeing global expansion should strategically tap into this opportunity, fostering collaborations and establishing a robust supply chain to meet the escalating demand in the region.
An intriguing trend observed in the Diamine Polyetheramine Market is the surge in research and development activities focusing on product diversification. As industries increasingly demand customized solutions, manufacturers are investing in creating specialized polyetheramine formulations. This trend not only caters to the specific needs of various end-use sectors but also fortifies the market against unforeseen challenges. The industry’s commitment to innovation is not only a response to market dynamics but also a proactive strategy to stay ahead in a competitive landscape.
Market Segmentation:
By application: Epoxy Coatings, Adhesives and Sealants, Composites, Fuel Adhesives, Water Treatment
Epoxy coatings emerge as the largest player in this dynamic segment, offering versatility and resilience across various applications. As the market strides into the future, the spotlight shines on Epoxy Coatings as the fastest-growing subsegment during the forecast period. This underscores the continued dominance of epoxy coatings, fueled by their unmatched performance in sectors such as construction and automotive.
By End-use industry: Construction, Automotive, Aerospace, Marine, Oil and Gas Water Treatment
Among the end-use segments — Chemical Intermediate, Pharmaceuticals, Printing Inks, Paints & Coatings, Cosmetics & Personal Care, and others — the construction industry emerges as the largest consumer. The robust demand for Diamine Polyetheramine in construction applications, including high-performance coatings and adhesives, solidifies its position at the forefront. Simultaneously, the fastest-growing sector within this segment is Aerospace, as the industry seeks innovative solutions for lightweight and durable materials, driving the demand for specialized polyetheramines.
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Regional Analysis:
North America stands tall as the largest market in this segment, boasting a robust demand driven by the well-established construction and automotive industries. The mature market in North America has consistently embraced technological advancements, fostering the growth of the Diamine Polyetheramine Market. However, the winds of change blow from the East, as Asia-Pacific emerges as the fastest-growing region during the forecast period. The dynamic industrialization, surging infrastructure projects, and increasing disposable income in countries like China and India propel the demand for Diamine Polyetheramine, creating a landscape ripe with opportunities.
Latest Industry Developments:
· Innovative Product Development: Companies within the Diamine Polyetheramine Market are increasingly focusing on innovative product development to gain a competitive edge. Recent trends indicate a surge in research and development activities aimed at creating advanced formulations and specialized polyetheramines. This strategic approach enables companies to meet the evolving demands of end-use industries, offering tailor-made solutions that not only enhance performance but also address specific application needs. The emphasis on innovation ensures that companies stay at the forefront of technological advancements, attracting a broader customer base and securing a stronger market share.
· Strategic Collaborations and Partnerships: Another discernible trend involves companies forging strategic collaborations and partnerships to strengthen their market position. Recent developments highlight joint ventures and alliances between Diamine Polyetheramine manufacturers and key players in various industries. These collaborations often facilitate the exchange of expertise, resources, and market insights, enabling companies to expand their reach and diversify their product portfolios. By leveraging the strengths of different stakeholders, companies can navigate challenges more effectively, accelerate product development, and tap into new markets, ultimately contributing to an enhanced market share.
· Emphasis on Sustainability: Sustainability has emerged as a pivotal trend shaping the strategies of companies in the Diamine Polyetheramine Market. Recent years have witnessed a growing awareness of environmental concerns, prompting companies to prioritize eco-friendly practices and products. This trend is reflected in the development of bio-based polyetheramines derived from renewable sources. Companies are investing in sustainable manufacturing processes, reducing carbon footprints, and aligning their products with the broader global push towards greener alternatives. By integrating sustainability into their strategies, companies not only contribute to environmental well-being but also attract environmentally conscious consumers, solidifying their market share in an increasingly eco-aware landscape.
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Polyetheramine Market Next Big Thing by Forecast 2023-2030 [New Report]
Polyetheramine, also known as polyether polyamine, is a versatile chemical compound that is used in a variety of industrial applications. It is a type of polyamine with a polyether backbone, which means it has a long chain of ether groups. Polyetheramines are characterized by their high reactivity and high molecular weight, which makes them useful in a wide range of applications.
Market Overview:
The global polyetheramine market size was valued at USD 727.3 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2021 to 2028. The growth in demand for polyetheramine is primarily driven by the increasing use of the compound in the production of coatings, adhesives, sealants, and elastomers.
Applications:
Polyetheramine is used in a variety of applications, including:
Coatings: Polyetheramine is used as a curing agent in the production of epoxy coatings, which are used in a variety of industries, including automotive, aerospace, and construction.
Adhesives and Sealants: Polyetheramine is used in the production of adhesives and sealants for a wide range of applications, including automotive, construction, and electronics.
Elastomers: Polyetheramine is used as a curing agent in the production of elastomers, which are used in a variety of industries, including automotive, construction, and oil and gas.
Fuel Additives: Polyetheramine is used as a fuel additive to improve the performance of gasoline and diesel engines.
Personal Care: Polyetheramine is used in the production of personal care products, such as shampoos and skin care products.
Regional Analysis:
The Asia Pacific region dominated the polyetheramine market in 2020, accounting for more than 40% of the global market share. The growth in demand for polyetheramine in this region is primarily driven by the increasing demand for coatings, adhesives, and sealants in China, India, and other emerging economies.
North America and Europe are also significant markets for polyetheramine, with the growth in demand driven by the increasing use of the compound in the automotive, construction, and electronics industries.
Key Players:
The key players in the polyetheramine market include BASF SE, Huntsman Corporation, Clariant AG, Yantai Minsheng Chemicals Co., Ltd., Yangzhou Chenhua New Materials Co., Ltd., Zibo Dexin Lianbang Chemical Industry Co., Ltd., Wuxi Acryl Technology Co., Ltd., IRO Group Inc., and Mitsubishi Chemical Corporation. These companies are focusing on developing new products and expanding their product portfolios to meet the growing demand for polyetheramine in various applications.
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Polyetheramine Market to witness high growth in near future
Polyetheramine Market to witness high growth in near future
An Inclusive comprehension of Polyetheramine Market addressing structure, scope, potential, and growth prospects.
The Global Polyetheramine Marketresearch report delivers a sweeping analysis of the current and futuristic growth of the industry that will assist clients, market players, potential and investors to make further business decisions accordingly. The report involves valuable insights…
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Polyetheramine D 230 400 2000 (CAS 9046-10-0) Industry, 2017 Market Research Report
Polyetheramine D 230 400 2000 Industry, 2012-2022 Market Research Report’ is a professional and in-depth study on the current state of the global Polyetheramine D 230 400 2000 industry with a focus on the Chinese market. View Entire Report @ https://www.reportsandmarkets.com/reports/990850-global-and-chinese-polyetheramine-d-230-market-research-report The report provides key statistics on the…
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Polyetheramine Market by Manufacturers, Countries, Type and Application, Forecast to 2022
Polyetheramine Market by Manufacturers, Countries, Type and Application, Forecast to 2022
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 demand-supply issues and newer applications developments across the vertical industries are expected to be the…
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Polyetheramine Market to Create Lucrative Opportunities for Emerging Players, Finds MarketsandMarkets™
The report “Polyetheramine Market by Type (Monoamine, Diamine, and Triamine), Application (Epoxy Coating, Polyurea, Adhesives & Sealants, Composites, and Fuel Additives), and Region – Global Forecasts to 2022”, The global polyetheramine market was valued at USD 625.8 Million in 2016 and is projected to reach USD 1,074.0 Million by 2022, at a CAGR of 9.3% from 2017 to 2022. The market is driven by…
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Polyetheramine Market 2021 – Worldwide Industry Overview, Key Players, and Revenue Insights to 2027
Polyetheramine are restoring specialists including essential amino gatherings connected to polyethers, in view of mixtures, for example, ethylene oxide, propylene oxide or a combination of both. Polyetheramine is incredibly adaptable in nature, having the capacity to expand adaptability, sturdiness, hydrophilicity or hydrophobicity (contingent upon the item utilized), they additionally offer different reactivity, great temperature strong qualities, are basically dreary and have a low thickness.
Polyetheramines offer benefits over other amine-based items, for example, lower poisonousness and diminished propensity to stain, Polyetheramine are accessible in dismal fluid structures and have a smell like amines. This compound tracks down a wide scope of utilization in the coatings business. It is utilized in the development of polyurea covering advancements, color details, and epoxy applications. It is additionally utilized in the hot liquefy glues, sealants, and designing composites.
ChemIntel360’s global Polyetheramine market study is a 150 slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, and applications industry perspective. The industry is valued at US$ 0.8 billion and is expected to grow at a CAGR of 7.6% mainly due to increasing consumption of Polyetheramine in the production of epoxy coatings, the demand for which is supported by the growth of construction industries.
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Covid Impact
The global pandemic had a ruinous effect on the Polyetheramines market as shutdowns across all economies, as plant shutdowns, led to a steep decline in demand across industry sectors. In addition, spread of Covid led to supply chain constraints and the consequent weakening in global manufacturing activity.
The temporary shutdown of key production plants throughout the globe negatively impacted production of the chemical. Furthermore, travel advisory bans in key markets obstructed partnerships between the market players.
Drivers
The growing number of construction and infrastructures projects across the globe would act as the key driver for the polyetheramine market. The increasing usage of polyetheramine in building and construction sector can be attributed to its robust fatigue tolerance, durability, and wear resistance. They are also extensively utilized as epoxy coatings in construction sector as these coatings aids in sealing the surface of concrete and prevents the rapid loss of moisture.
Opportunities
As the broad array of molecular weights and varying amine functionality of polyetheramines are available, it provides ample opportunities for the market players to develop new variations for different applications. The growth in the wind energy sector is projected to enhance the demand for the chemicals, thereby boosting growth of this market.
Challenges
The polyetheramine-derived products do not display strong ultraviolet light stability. This instability can be attributed to the absence of chromophores and presence of amine groups. The amine group present in polyetheramine gets oxidized in presence of sunlight. Due to this process, the amine is converted into nitro group, turning the surface pale yellow. Thus, they are not utilized in white automotive coatings. These factors hinder the use of polyetheramine derived coatings in luxury vehicles.
Trend
The key trend observed in the market is the growing usage of polyetheramine in the form of additive for enhancing the characteristic of the composites used in wind turbine blades.
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Key Companies
The key companies operating in this market are BASF SE, Huntsman Corporation, Yangzhou Chenhua New Materials Company Ltd, IRO Group Inc., Clariant, Wuxi Acryl Technology Co. Ltd., Zibo DexinLianbang Chemical Industry Company Ltd, and Yantai Minsheng Chemicals Company, Ltd.
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Polyetheramine Market Forecast to Reach $774 Million by 2026
Polyetheramine Market is forecast to reach $774 million by 2026, after growing at a CAGR of 5.47% during 2021-2026. The rising trend of eco-friendly & green energy generation and continuous developments in construction are the major drivers for the polyetheramine industry. The growing use of polyetheramine in wind energy, building & renovation, and automotive & transportation industries owing to its excellent fatigue tolerance, burst resistance, durability, high wear & tear resistance, and other physical properties is projected to drive the global polyetheramine market.
Polyetheramine Market Segment Analysis - By Application
Epoxy Coating segments has dominated the market for Polyetheramine Market in 2020, by growing at a CAGR of 4.68% during the forecast period 2021-2026. The key variables on which the success of the polyetheramine market depends are the market penetration in the industries using polyetheramine and the substantial growth of end-user applications. The growing market for different composite materials and epoxy coatings is expected to increase the global need for polyetheramine. In addition, the factors that could drive polyetheramine demand in the immediate future are: local end-user output, accelerated industrial manufacturing growth and the ever-increasing population of emerging economies. It is also expected that cement additives and the acid neutralization industry will lead to the rising market demand for polyetheramine.
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Polyetheramine Market Segment Analysis - By Geography
APAC dominated the Polyetheramine Market share with more than 31% in 2020, followed by Europe and North America. The market in this area is experiencing increased demand from the wind energy and building & construction industries for polyetheramine. India is expected to be the fastest-growing polyetheramine market during the forecast period in the Asia-Pacific region. Due to the demand for polyetheramine in composites and adhesives applications, the wind energy industry accounts for the main growth. The polyetheramine market is also driven by the demand for coatings and adhesives & sealants in the building industry.
Polyetheramine Market Drivers
Rising demand of polyetheramine in wind energy
One of the main drivers of the rise in demand for polyetheramine is the growth in the wind industry. All new green power generation in 2015 is leading, according to GWEC wind power. This is due to the rising need globally for green and clean energy. With a newly installed wind power industry of 63 GW in 2015, the overall global wind power installation hit 432.9 GW, accounting for 22 percent annual demand expansion. The new wind energy installations with an installed figure of 30 GW is led by China. The development of big wind turbines is being propelled by the exponential growth of wind power generation. Wind turbines are built using epoxy adhesives, while composites of epoxy resin are made from their blades. To bond the two halves of wind turbines and increase static and dynamic fracture resilience, almost one-inch-thick adhesives are used. Polyetheramine is used to strengthen the properties of epoxy adhesives and epoxy resin composites as curing agents. The added polyetheramine increases the composites' fatigue tolerance & burst strength. In the wind energy sector, these trends are rising the market for polyetheramine.
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Polyetheramine Market Challenges
Poor UV/VIS response
Additionally, weak UV/VIS response is a significant impediment to its growth. Polyetheramine-based systems do not show strong spectral stability of UV/VIS. This instability is due to the presence of a group of amines and the absence of solid chromophores. The amine group in polyetheramine gets oxidized when exposed to the atmospheric environment. The amine is converted into nitro groups during oxidation and turns yellow. They are however not ideal for white coatings in vehicles. Such issues prohibit the use of coatings dependent on polyetheramine in the luxury or luxurious segments of cars.
Polyetheramine Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polyetheramine Market. Major players in the Polyetheramine Market are IRO Group Inc., Clariant, Zibo DexinLianbang Chemical Industry Company Ltd., Wuxi Acryl Technology Co. Ltd., Qingdao IRO Surfactant Co. Ltd., Yangzhou Chenhua New Materials Company Ltd, Yantai Minsheng Chemicals Company, Ltd., BASF SE and Huntsman Corporation among others.
Key Takeaways
Population growth in developing countries, growth in the manufacturing sector and an increase in local end-use demand are projected to fuel polyetheramine consumption. It is also projected that growth in industries such as cement additives and acid neutralization would fuel the polyetheramine market. However, due to their dangerous effect on aquatic life, the increase in environmental regulations on the use of polyetheramines could hamper market growth during the forecast period.
The developed economies of the United Kingdom and the United States are increasingly emerging from the stagnant economic situation and improving the global demand for polyetheramines.
However, the end use industries are being significantly affected due to the COVID-19 pandemic, as most of the countries have issued “stay at home guidance” i.e., lockdown. This factor is limiting the market growth in current situation
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The report "Polyetheramine Market by Type (Monoamine, Diamine, and Triamine), Application (Epoxy Coating, Polyurea, Adhesives & Sealants, Composites, and Fuel Additives), and Region - Global Forecasts to 2022", The global polyetheramine market was valued at USD 625.8 Million in 2016 and is projected to reach USD 1,074.0 Million by 2022, at a CAGR of 9.3% from 2017 to 2022. The market is driven by the growing trend of renewable & eco-friendly energy generation and continuous improvements in the construction industry.
Currently, the Asia-Pacific region is the largest market for polyetheramine, in terms of both value and volume. China is the largest market for polyetheramine. However, India and China are the fastest-growing markets for polyetheramine in the region.
The following factors are the main driving forces for the polyetheramine market in the Asia-Pacific region:
Growing wind power industry in Asia-pacific
Increasing residential building & construction activities in the region
Huntsman Corporation (U.S.), BASF SE (Germany), and Wuxi Acryl Technology Co. Ltd (China) are the key players in the polyetheramine market.
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Polyetheramine Market Suppliers, Size, Share, Top Key Players, Growth, trends and Forecast 2028
Polyetheramine Market research study published by Profshare Market Research mainly focuses on the Covid 19 pandemic impact on market & its future outlook. Research study has extensively worked on supply-demand analysis which is important parameter in industry. Supplier analysis delivers very clear picture supply- demand scenario in the market.
Analytical tools used while developing research studies includes SWOT analysis, market sizing, Porter’s 5 Forces model, PESTAL analysis. Opportunities and threat analysis has gain significant importance in recent years primarily due to dynamic nature of industry. Environment safety measure is covered in PESTAL analysis that informs clients about environment safety policies practicing by various countries globally.
Research study has taken 2018 as base year while market data for 2014-17 is considered as historic data. Precise analytical use of historic data is significant to calculate forecast value of market. Competitive intelligence in the study delivers exact information about key players previous & current business model that immensely helps user to develop their own business strategy.
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Regional analysis
North America : USA, Mexico, Canada
Europe: UK, Germany, France, Spain, Italy, Netherlands & Rest of Europe
Asia Pacific : China, India, Japan, Singapore, South Korea & Oceania
Latin America : Brazil & Argentina
Middle East : UAE, Qatar, Israel.
Rest of the World.
Research study developed on Polyetheramine Market is very useful in order to gain complete insight of the market, some the key aspects included in the study are:
Market estimation
Forecast 2020-28
Growth drivers
Raw material & Supply analysis
End User & Application insight
Key player’s analysis
Import & Export scenario
Challenges & Opportunities
Current & emerging market trends.
Tenders & Pricing scenario.
Key Questions answered by the Polyetheramine Market Report:
What is the Base Year for Polyetheramine Market report?
What historical data is included in Polyetheramine Market Report?
Are Top companies in Polyetheramine Market are analysed in this report?
What are the regions analysed in Polyetheramine Market Report?
What are the main topics covered in the Polyetheramine Market Report ?
Is COVID 19 impact on the Polyetheramine Market included in the report ?
About Profshare:
Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organizations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results.
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Profshare Market Research
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