The Latin America, Middle East and Africa Polyetheramine Market would witness market growth of 9.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 254.0 Hundred Tonnes, showcasing a growth of 10.4% (2023-2030).
Polyetheramines enhance the weather resistance of automotive coatings, protecting vehicles from the impact of harsh environmental conditions, including UV radiation, temperature variations, and exposure to pollutants. This ensures that the exterior surfaces maintain their appearance and integrity over time. The adhesive qualities of these are crucial for ensuring that coatings adhere effectively to the surfaces of vehicles. This is particularly important for achieving uniform coverage and long-lasting adhesion, preventing issues such as peeling or chipping.
The market is subject to dynamic trends that reflect the evolving needs of industries, technological advancements, and a growing emphasis on sustainability. Understanding these trends provides insights into the current state and future trajectory of the market. The shift towards sustainable practices has permeated the chemical industry, and the market is no exception. Green chemistry initiatives focus on developing environmentally friendly processes and formulations. As a result, there is an increasing demand for bio-based polyetheramines and those with reduced environmental impact.
Many countries in the LAMEA region are undergoing significant infrastructure development. Governments and private investors invest in constructing roads, bridges, airports, and other critical infrastructure projects. As per the data from the Government of Brazil, in 2021, the construction industry produced a total value of R$377.8 billion. Therefore, growing infrastructure construction activities and the oil and gas sector in countries of the LAMEA region will help expand the regional market.
The Brazil market dominated the LAMEA Polyetheramine Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $37.4 Million by 2030. The Argentina market is showcasing a CAGR of 10.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Polyetheramine Market is Projected 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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