Global Polyether amine Market Overview
Polyetheramines are multipurpose products normally based on ethylene oxide, propylene oxide, or a mixture of both compounds containing primary amino groups enclosed to the end of a polyether backbone. Recent attraction towards polyether amines has resulted in the adjunction of secondary, high-conversion, hindered and polytetramethylene glycol (PTMEG)-based polyether amines that has resulted in increased utility of these products. Polyether amines provide features such as increased flexibility, low viscosity and toughness that offer better scope for the construction of more efficient compounds. Polyether amines are very easy to handle chemicals which increase their market attractiveness further. The use of polyether amine in various sectors ranging from building and construction to renewable energy generation as well as agro-chemical industries is estimated to increase the demand for polyether amines exceptionally over the forecast period.
Market Size & Forecast
Polyetheramine market is anticipated to record a significant CAGR of 9.6% over the forecast period. Many multi-national companies are concentrating towards new product development using polyether amine. Moreover, the many advantageous properties of polyether amine are exploited in the field of plastics, adhesives and coating industries now and then. New uses for polyether amine derivatives are discovered on regular basis which is expected to drive the polyether amine market rapidly.
At present the global polyetheramine market is observing vibrant growth owing to increasing demand of concrete additives in the market. Advances in construction industry in the past few years and growing polyether amine curing agent developments is projected to drive polyetheramine market besides the wide range of functions of polyether amine in an immense range of products such as adhesives, plastics, polyrea coatings, and reaction injection molding during the forecast period.
On the basis of regional platform, global Polyetheramine market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
As a precursor to enhance the performance of concretes and pesticides along with fuels, North America is panned to observe substantial growth of polyetheramine market due to rising usage of polyether amine. North America is anticipated to be followed by Europe in terms of consumption due to expanding polyether amine requirements in adhesives and plasticizers industries.
Asia Pacific is expected to drive demand and positively impact polyether amine market growth over the forecast period on account of increasing polyetheramine application for concrete and pesticides performance enhancing additives. On the back of multiplying polyether amine uses in growing end-user industries such as building and construction, coatings, renewable energy production, plastics and adhesives, Asia Pacific is budding as a regional polyether amine and its derivatives consumption market.
Our-in depth analysis of the global Polyether amine market includes the following segments:
Global Polyether amine Market is further classified on the basis of region as follows:
Growth Drivers & Challenges
The rising demand for polyether amine and its by-products for various processes in adhesives and composites of wind energy generation, building and construction industries are expected to drive the market rapidly over the forecast period. The growing R&D activity associated to polyether amine is further expected to increase the market growth owing to the discovery of new applications of it on regular basis. Application of polyether amines as a performance enhancer of chemicals such as pesticides and adhesives along with polyether amine’s rising use in building and construction business for the purpose of wall and epoxy floor coatings is predicted to expand the polyether amine market during the forecast period across the globe. Additionally, rising awareness regarding environmental pollution around the developed and developing countries are propelling the use of polyether amine to produce eco-friendly products in renewable energy production industries as adhesives and composites as well as agrochemical industries for pest killing chemicals performance enhancement by the industry manufacturers. Moreover, the use of polyether amine coatings in sports equipment industry applied for coating of rackets, bats and sticks is estimated to increase polyether amine’s demand even more around the world. Furthermore, applications of polyether amine in carbon fibers and fiber glass production along with epoxy coatings, fuel additives and sealants are expected to expand the market of polyether amine and it’s derivatives remarkably over the forecast period.
Low awareness regarding the development and presence of eco-friendly anti-corrosive adhesives and coating agents is restricting the usage of polyether amine. Also, some of their physical and chemical properties such as sensitivity to ultraviolet-visible spectral region are anticipated to behave as a restraining factor in the growth of the polyether amine market over the forecast period.
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