Polyetheramine Market Analysis
Polyetheramine Market - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2018-2026
Polyetheramine are curing agents comprising of primary amino groups attached to polyethers, based on compounds such as ethylene oxide, propylene oxide or a mixture of both. Polyetheramine is extremely versatile in nature, possessing the ability to increase flexibility, toughness, hydrophilicity or hydrophobicity (depending on the product used), they also offer various reactivity, good temperature stabilities, are essentially colorless and have a low viscosity.
Polyetheramines offer advantages over other amine-based products such as lower toxicity and reduced tendency to discolor, Polyetheramine are available in colorless liquid forms and have an odor similar to amines. This compound finds a wide range of application in the coatings industry. It is used in the production of polyurea coating technologies, pigment formulations, and epoxy applications. It is also used in the hot melt adhesives, sealants, and engineering composites.
Polyetheramines has moderate glass transition and long pot life. It leads to high reactivity of curing systems and harder films, reduced moisture uptake and improved abrasion resistance. Considering the wide range of molecular weights, repeating unit type and high amine functionality of polyetheramines, it provides a wide range of opportunities for the manufacturers and key players to design new compounds. The surge in the wind energy industry is expected to augment the demand for polyetheramines, thus boosting growth of this market, globally. Also, the growing building and construction industry has helped drive market growth. However, the increasing inclination towards bio-based products by end-use industries, is expected to hamper growth of the polyetheramines market over the forecast period.
Polyetheramines Market Taxonomy
On the basis of product type, the global polyetheramine market is classified into:
On the basis of application, the global polyetheramine market is classified into:
Epoxy coating is the major contributor for growth in the global polyetheramine market. Rising urbanization coupled with the increasing development in the construction of new offices and homes is expected to drive growth of this segment. In addition, the increasing investments in epoxy coatings by the construction industry are projected to boost the expansion of this segment over the forecast period.
Polyetheramine Market Outlook – Increasing Environmental and Soil Concern to be the Major Market Driver
Asia Pacific and North America are the most lucrative markets for polyetheramines manufacturers. The Asia Pacific market is projected to witness relatively high growth in terms of value over the forecast period. Emerging economies such as India, Thailand, Indonesia, and China are expected to be major growth contributors to the polyetheramine market in Asia Pacific, and are expected to sustain this growth rate over the forecast period. The increasing number of end-use industries such as adhesives and sealants in this region are expected to boost the demand for polyetheramines, thus fueling growth of the global polyetheramines market.
Expansion of product plants and development of innovative portfolio are some of the key strategies adopted by the top players in the global polyetheramine market. In June 2015, Huntsman Corporation invested US$ 100 million to expand its Jurong Island polyetheramines facility in Singapore to 50,000 tons. This expansion was done with the view to meet the growing demand for polyetheramines in the Asia-Pacific region. Some of the major companies operating in the global polyetheramine market include Huntsman Corporation, Clariant, BASF SE, Yangzhou Chenhua New Materials Co., Ltd, IRO Surfactant Co., Ltd., Wuxi Acryl Technology Co., Ltd., Yantai Dasteck Chemicals Co., Ltd., Yantai Minsheng Chemicals Co., Ltd, Aurora Chemical Co. Ltd., and Zibo Dexin Lianbang Chemical Industry Co., Ltd.
Polyetheramine Market Key Developments: