ID: MRFR/CnM/2900-HCR | February 2021 | Region: Global | 140 pages
Polyether Amine Market Overview
According to MRFR analysis, the polyetheramine market is estimated to reach USD 1.12 billion by the end of 2025 at a robust CAGR of 9.46%.
Polyether Amine Market Segmentation Analysis
The polyetheramine market has been segmented based on type, application, and region.
Based on type, the polyetheramine market has been categorized into monoamine, diamine, triamine, and others.
Based on application, the polyetheramine market has been classified into polyurea, composites, fuel additives, epoxy coatings, adhesives and sealants, and others.
By region, the polyetheramine market has been studied for five key regions—Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
Some of the key players operating in the Global Polyetheramine Market are Clariant (Switzerland), Huntsman International LLC (US), ZIBO DEXIN LIANBANG CHEMICAL INDUSTRY CO., LTD (China), Yangzhou Chenhua New Material Co., Ltd (China), Yantai Dasteck Chemicals Co., Ltd (China), BASF SE (Germany), Qingdao IRO Surfactant Co., Ltd, and WUXI ACRYL TECHNOLOGY CO.,LTD (China).
Polyetheramines (PEA) are curing agents produced by reacting ether and amine. The linkage containing ether, known as polyether, reacts with an amino group to produce polyetheramine. PEA is majorly used as curing agents for epoxy resin to produce epoxy composites and coatings. It exhibits superior physical properties such as high toughness, flexibility, and low viscosity. It has a moderate glass transition temperature range between 25ᵒC and 100ᵒC. Moreover, PEA possesses long pot life and thus finds applications in hot melt adhesives, sealants, and engineering composites. Also, it exhibits hydrophobicity or hydrophilicity depending on the end-product formed. It is commercially available in liquid form with odor similar to that of amines.
Increasing concerns for renewable sources of energy such as wind energy and growing consumption of polyether amines in the production of lightweight composites such as wind turbine blades is the prime factor driving the global market growth. Moreover, wind energy is gaining popularity on account of its high-power generation efficiency and lower carbon footprint. The epoxy resin market in wind turbines application was valued at USD 310 million in 2018. Additionally, composites are largely used in aerospace, automotive, construction, and household sectors which uses polyetheramine, that provides the critical balance between flexibility and strength. Moreover, superior hardness, protective cover, and excellent toughness properties of polyetheramine over the heat-cured powder coatings is increasing its penetration in various coating applications such as floors of industrial and commercial buildings; and coating of marine equipment. This further boosts the global market growth. For instance, epoxy resin market in paints and coatings application was valued at USD 4,120 million by the end of 2025. The easy availability of bio-based products for epoxy coatings and organic composites is likely to pose a major challenge to the producers of polyetheramine. Also, acid epoxy coatings used for flooring can lead to cracks as well as chipping, which further challenges the producers of polyetheramine. Nevertheless, rising importance of polyetheramine-cured rubber-like epoxy asphalt composites is likely to create lucrative opportunities for the market players in the construction industry.
However, rising environmental concerns regarding the disposal of polyetheramine coupled with government regulations over health risks associated with epoxy coatings such as skin sensitization are the major factors restraining the global market growth.
Global Polyetheramine Market Share, by Application, 2018 (%)
Source: MRFR Analysis
The global polyetheramine market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
Asia-Pacific accounted for the largest market share in 2018 and is projected to be the fastest-growing regional market during the review period. This is largely attributed to the growing construction of residential and commercial buildings; and expanding paints and coatings industries in the region. Also, the epoxy resin market in composites for Asia-Pacific is projected to register a robust CAGR of 6.04%. China is the major contributor in the region owing to the heavy investments in construction activities, which fuel the demand for adhesives & sealants and coatings. Additionally, the presence of a large number of key players such as ZIBO DEXIN LIANBANG CHEMICAL INDUSTRY CO., LTD, Yangzhou Chenhua New Material Co., Ltd, Yantai Dasteck Chemicals Co., Ltd, and WUXI ACRYL TECHNOLOGY CO., LTD propels the regional market growth. India, Japan, South Korea, and other South-East Asian countries such as Indonesia, Thailand, and Malaysia are other major countries contributing to the regional market growth.
The European market held the second-largest market share in 2018 owing to the surging demand for lightweight composites in automotive and aerospace components in the region. Germany is the leading country in the region due to the augmenting demand for polyetheramine in adhesives, sealants, and food additives from the established automotive sector. Other key countries contributing to the regional market growth are Italy, France, the UK, and the Netherlands.
The North American market accounted for a substantial market share in 2018 on account of the presence of major end-use industries such as paints and coatings and automotive. The US is the prominent country in the region on account of robust product innovation and surging demand for PEA in fuel additives. The Latin American market is estimated to register a healthy CAGR in the following years owing to the recovering economic condition and growing construction activities in the region. Brazil, Mexico, and Argentina are the key contributors in the region. The Middle East & African market is projected to grow at an encouraging CAGR during the forecast period due to expanding construction industries and high demand for polyetheramine in fuel additives applications. Saudi Arabia, UAE, and Turkey are the major regional contributors.
May 2021 Rislone®, America's best-selling engine treatment brand, is helping drivers fight back and save money with a 5 dollar refund of 40 percent or more off retail prices on its most popular gasoline additive. Mounting petrol prices are expected to persist during the high summer road trip season. Rislone Hy-per Gasoline® Complete Fuel System Cleaner is a dual-cavity bottle that combines six different fuel additives to improve engine power, fuel economy, and performance. By enhancing gas cleaning capabilities, providing lubrication, and removing contaminants, the combined mixture is less expensive than purchasing each element separately. With a unique next-generation cleaner dubbed P.E.A., Rislone Complete Fuel System Cleaner cleans and lubricates the entire fuel system by eliminating carbon deposits and build-up from fuel lines, fuel injectors, and the fuel pump (polyetheramine).
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Application and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Clariant (Switzerland), Huntsman International LLC (US), ZIBO DEXIN LIANBANG CHEMICAL INDUSTRY CO., LTD (China), Yangzhou Chenhua New Material Co., Ltd (China), Yantai Dasteck Chemicals Co., Ltd (China), BASF SE (Germany), Qingdao IRO Surfactant Co., Ltd, and WUXI ACRYL TECHNOLOGY CO.,LTD (China).|
|Key Market Opportunities||Wind energy is gaining popularity on account of its high-power generation efficiency and lower carbon footprint.|
|Key Market Drivers||Increasing concerns for renewable sources of energy such as wind energy and growing consumption of polyether amines|
Frequently Asked Questions (FAQ) :
Polyether Amine Market is predicted to grow at Significant through forecast period of 2022-2030.
The forecast period for Polyether Amine Market research report is 2022-2030.
Global Polyether Amine Market is dominated by APAC region.
Increase the demand for Industrial cleaning sector
The prominent players operating in the Polyether Amine Market include