The Asia Pacific Polyetheramine Market would witness market growth of 8.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 844.5 Hundred Tonnes, showcasing a growth of 6.8% (2019-2022).
Polyetheramines contribute to the formulation of fuel additives, addressing challenges such as engine deposits and fuel system corrosion. Their ability to disperse contaminants and enhance combustion efficiency makes them valuable in the quest for cleaner and more efficient fuel formulations. These exhibit compatibility with various fuel types, including gasoline, diesel, biodiesel, and aviation fuels. This versatility allows for formulating fuel additives to address specific challenges associated with different fuel compositions and applications.
They find application in concrete admixtures and coatings. Their compatibility with cementitious materials imparts unique properties to concrete, such as improved workability, reduced setting time, and enhanced durability. The automotive industry utilizes these in various aspects, including coatings, adhesives, and elastomers. These compounds contribute to the development of automotive coatings with superior weather resistance and adhesion and adhesives providing structural integrity in vehicle assembly.
Many countries in the Asia Pacific region are experiencing rapid urbanization and economic growth, leading to increased demand for new infrastructure projects. Governments in these countries often invest heavily in constructing roads, bridges, airports, and other critical infrastructure. Based on estimations, the cumulative investment in new infrastructure throughout the 14th Five-Year Plan (2021-2025) is projected to approximate 27 trillion yuan ($4.2 trillion). Hence, with the growing infrastructure construction across sectors in Asia Pacific, there will be increased demand for these.
The China market dominated the Asia Pacific Polyetheramine Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $211.1 Million by 2030. The India market is registering a CAGR of 8.6% during (2023 - 2030). Additionally, The Japan market would showcase a CAGR of 7.2% during (2023 - 2030).
Based on Product, the market is segmented into Monoamine, Diamine, and Triamine. Based on Application, the market is segmented into Epoxy Coatings, Polyurea, Composites, Fuel Additives, Adhesives Sealants, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Polyetheramine Market is Predict to reach USD 1.7 Billion by 2030, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wuxi Acryl Technology Co., Ltd., Qingdao Iro Surfactant Co., Ltd. (IRO Group INC.), Yantai Aurora Chemical Co. Ltd., Zibo Xinye Chemical Co., Ltd., Shanghai Chenhua International Trade Co., Ltd. (Yangzhou Chenhua New Material Co., Ltd.), Yantai Dasteck Chemicals Co., Ltd., Huntsman Corporation, Clariant AG, BASF SE, and Zibo Dexin Lianbang Chemical Industry Co., LTD
By Product (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
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