Polyetheramine Market Growth Trends
The Polyetheramine Market size is anticipated to reach USD 1.6 billion by 2027, growing at a CAGR of 8.9% over the forecast period as per the new research report published by Confianza Market Research & Consultancy. Polyetheramine is a curing agent that contains polyether and amine molecule and it can enhance the property of epoxy resin and epoxy adhesives composites. Another important property of polyetheramine is it can burst the strength of composites and improve fatigue resistance. polyetheramine is made by using various raw materials such as polyethylene glycol, propylene oxide, polypropylene glycol, polytetramethylene ether, and ethylene oxide. Polyetheramine consists of high wear and tear resistance as well as flexibility. Polyetheramine can use in ink resins, adhesives, sealants, etc.
Polyetheramine is mainly used in building and construction, wind energy, automotive, and transportation industry. The increasing demand for polyetheramine in the wind energy industry in the last few years can sustainably grow the polyetheramine industry in near future. Few major drivers help with the growth of the polyether amine market, such as renewable energy generation, the growing trend of eco-friendly and continuous improvement in the construction industry. The demand for polyetheramine is also considerably increasing in the coating industry, hence it can help in boosting the polyetheramine market. The substantial growth of ink resins, adhesive, sealants can indirectly boost the demand for polyetheramine because this polyetheramine industry has a great future in the forecast period.
An increase in population has an impact on the polyetheramine industry, as the population of the emerging country is increasing the growth in the manufacturing industry has been increased. The growing manufacturing industry has been upsurge consumption of polyetheramine, the end-user production also contributes to the growth of the polyetheramine industry. The growth of the polyetheramine industry is dependent on market penetration in the polyetheramine consuming industry and end-user application. Polyetheramine is mainly used for increased flexibility, toughness, hydrophilicity, and hydrophobicity, due to these qualities polyetheramine is mainly find applications in engineering composition, sealants.
Few other applications of polyetheramine are demulsification in an oilfield, acid neutralization and cement adhesive such type of application makes polyetheramine valuable in the end-user industry, which can have a positive impact on the polyetheramine industry. Asia Pacific region is the dominant player in the polyetheramine industry, as it contributes more as compare to other regions. This growth is mainly due to the end-user industries which have a presence in the Asia Pacific region. India, Malaysia, Indonesia, China, etc. are the key contributors from the Asia Pacific region in the polyetheramine market.
View detailed analysis & FREE sample report here: Polyetheramine Market Size, Share, Trends Analysis Report 2020-2027 (PDF)
Key Market Segments-
For the purpose of this study, the Polyetheramine Market has been segregated into the following key segments.
Polyetheramine Market, by Type:
Polyetheramine Market, by Application:
- Epoxy Coatings
- Adhesives & Sealants
- Fuel Additives
Polyetheramine Market, by Region:
- North America
- Middle East & Africa
- South America