The Global Polyetheramine Market size is expected to reach $1.7 billion by 2030, rising at a market growth of 8.0% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,280.0 Hundred Tonnes, experiencing a growth of 6.7% (2019-2022).
Polyetheramines offer formulators a high degree of versatility in tailoring adhesives and sealants for various applications. Therefore, the adhesives and sealants segment captured $145.9 million revenue in the market in 2022. The ability to vary the molecular weight, amine functionality, and other properties of these allows for the customization of formulations to meet specific performance requirements. This versatility is particularly valuable in adhesives and sealants, where diverse applications demand tailored solutions. Therefore, the segment will expand rapidly in the coming years. Some of the factors impacting the market are increasing demand for strong and durable adhesives, rising usage in the construction industry, and growing competition from alternatives.
Polyetheramines are known for their ability to enhance bond strength in adhesives. These compounds' unique chemical properties contribute to forming strong and durable bonds between different materials. This is particularly crucial in applications where the integrity of the bond is essential for the overall performance of the assembled components. Adhesion is a critical factor in the effectiveness of adhesives, especially in industries like construction and automotive. These facilitate strong adhesion to various substrates, promoting a reliable connection between materials. Additionally, these are widely utilized in the formulation of adhesives for the construction industry. These adhesives are essential for bonding various construction materials, including concrete, metals, and composites. The strong bond provided by polyetheramine-based adhesives enhances the structural integrity of assembled components. Sealants are critical for preventing water infiltration and air leakage and providing overall protection to structures. These factors will drive the demand in the market.
However, cost is one of the primary factors influencing the choice of curing agents and additives. Industries may explore alternative products that offer similar functionalities at a lower cost. If competing products can deliver comparable performance while being more cost-effective, there is a risk that these may face challenges in maintaining or expanding their market share. In the coatings, adhesives, and sealants industries, various types of curing agents are available. These factors will lead to reduced growth in the market.
On the basis of application, the market is divided into polyurea, fuel additives, composites, epoxy coatings, adhesives sealants, and others. The epoxy coatings segment recorded the maximum revenue share in the market in 2022. With ongoing construction projects and infrastructure development globally, there is a growing demand for high-quality coatings that offer durability, chemical resistance, and adhesion characteristics enhanced by using these in epoxy formulations. Therefore, the segment will grow rapidly in the coming years.
Based on product, the market is segmented into monoamine, diamine, and triamine. In 2022, the diamine segment garnered a significant revenue share in the market. Diamine-terminated polyetheramines offer versatility in formulations due to their ability to impart specific properties to the end product. These are available in various molecular weights and chemical structures, allowing formulators to tailor formulations to meet specific performance requirements. This flexibility enhances their suitability for a wide range of applications. As a result, there will be increased demand in the segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 886.4 Million |
| Market size forecast in 2030 | USD 1.7 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 8% from 2023 to 2030 |
| Number of Pages | 278 |
| Number of Table | 570 |
| Quantitative Data | Volume in Hundred Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, Application, Region |
| Country scope |
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| Companies Included | 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 |
| Growth Drivers |
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| Restraints |
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By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured the highest revenue share in the market in 2022. The Asia Pacific region is experiencing significant industrialization, with countries like China, India, Japan, and South Korea leading. Industrial sectors such as manufacturing, construction, automotive, and electronics are expanding, creating a heightened demand for materials like these that find applications in coatings, adhesives, sealants, and other industrial processes. Owing to these factors, there will be increasing demand in the segment.
Free Valuable Insights: The Global Polyetheramine Market size to reach USD 1.7 Billion by 2030
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 Geography (Volume, Hundred Tonnes, USD Billion, 2019-2030)
This Market size is expected to reach $1.7 billion by 2030.
Increasing demand for strong and durable adhesives are driving the Market in coming years, however, Growing competition from alternatives restraints the growth of the Market.
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
In the year 2022, the market attained a volume of 2,280.0 Hundred Tonnes, experiencing a growth of 6.7% (2019-2022).
The Monoamine segment is registering the maximum revenue in the Market by Product in 2022; thereby, achieving a market value of $723.6 Million by 2030.
The Asia Pacific region is generating highest revenue in the Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $789.4 Million by 2030.
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