Polyethyleneimine is a three-membered ring with two corners of the molecule that are linked by -CH2 linkages, and a third corner containing a secondary amine group, =NH. Upon conversion, the polymer is highly branched and contains at least 50% primary and 25% secondary amine groups. This is the "pure" polyethyleneimine. Its molecular weight is up to two million grams per mole.
The global Polyethyleneimine market is estimated to account for US$ 408.78 Mn in terms of value by the end of 2021.
Global Polyethyleneimine Market: Drivers
Growing demand from packaging industry where it is used in adhesives and sealants application. According to a report published by PMMI, the Association for Packaging and Processing Technologies, growth in the global packaging industry was anticipated to reach USD 42.2 billion by 2021, owing to the growing population, increasing sustainability concerns, more spending power in developing regions, and rising demand for smart packaging.
Global Polyethyleneimine Market: Opportunities
Growing initiatives for smart cities is projected to offer potential growth opportunities. For instance, Under Union Budget 2021-22, the Smart Cities Mission in India has been allocated Rs. 6,450 crore (US$ 868 million) as compared to Rs. 3,400 crore (US$ 457 million) in FY21
Global Polyethyleneimine Market: Restraints
Harmful effect of Polyethyleneimine is expected to hinder the market growth. In Germany, occupational exposure limits for ethyleneimine are 0.5 ppm and 0.9 mg/m3 (DFG96), while the occupational exposure limits in the United States are given by ACGIH, which is 0.5 ppm and 0.88 mg/m3 (ACG96).
Global Polyethyleneimine Market - Impact of Coronavirus (Covid-19) Pandemic
With the slowdown in the economic growth the manufacturing or assembling organizations are has suffered a lot and confronting hardships in working their office in this pandemic circumstance. Besides, a portion of the organizations have briefly closed down while others are battling to proceed with their activities. However, many organizations are encountering sharp development because of the growing need for medical device and other clinical products which require packaging. This is urging makers to expand the production limit and supply all throughout the world. The market is expected to rise at a significant rate over the forecast period.
To know the latest trends and insights prevalent in the Global Polyethyleneimine Market, click the link below:
The global Polyethyleneimine market was valued at US$ 408.78 Mn in 2021 and is forecast to reach a value of US$ 478.78 Mn by 2030 at a CAGR of 1.84% between 2021 and 2028.
Rapid industrialization is expected to uplift the market growth. According to the India Brand Equity Foundation, in March 2022, India’s gross domestic product (GDP) at current prices stood at Rs. 51.23 lakh crore (US$ 694.93 billion) in the first quarter of FY22, as per the provisional estimates of gross domestic product for the first quarter of 2021-22. The manufacturing GVA at current prices was estimated at US$ 77.47 billion in the third quarter of FY22.
Increasing production of inks is expected to be trend in the market. For instance, in May 2021, Hi-Tech Inks has opened its new factory, an ambitious project kick-started in early 2019, in Vapi. This will bolster its ink production capacity and enable the company to tap into new markets. With a constructed area of about 1,00,000 sqft, the newly-built facility has an installed capacity of 1,600 MT, which can further be increased up to 2,200 MT as required.
Global Polyethyleneimine Market: Competitive Landscape