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The polyetheramine market size is forecast to increase by USD 742.71 million at a CAGR of 9.06% between 2023 and 2028. The market's growth is closely tied to several key factors. There is a growing need for polyetheramine in water treatment applications, driven by the increasing focus on water quality and environmental sustainability. This trend is particularly pronounced in emerging markets, where rapid industrialization and urbanization are driving up demand for water treatment solutions. Additionally, the widespread use of epoxy coatings across various industries is contributing to the growth of the polyetheramine market. Epoxy coatings are valued for their durability, chemical resistance, and adhesion properties, making them ideal for applications ranging from automotive and construction to marine and aerospace industries.
The market share by the diamine segment will be significant during the forecast years. Diamine is one of the important raw materials used in the production of nylon plastics. The change in its production mode has an important impact on the production of nylon in the industry, which will, in turn, drive the demand for diamine. Moreover, the popular polyetheramine of the D series is a kind of diamine on a copolymer backbone due to its property of water solubility.
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The diamine segment accounted for USD 404.41 million in 2018. Additionally, prominent companies such as Huntsman offer diamine products such as JEFFAMINE, which have properties such as low viscosity and low color and are miscible with a variety of solvents. These properties are widely used in molding, construction and flooring, paints and coatings, fuels, and lubricants. The high demand in end-user industries, ranging from construction to healthcare, will drive the growth of the diamine segment in the market during the forecast period.
The epoxy coating segment is estimated to witness significant in the application segment. Epoxy coatings are the byproducts produced during the production of polyetheramine. For composite materials such as fiberglass or carbon fiber, epoxy coating is used. Epoxy coatings are used in carbon fibers, fiberglass, and various other composite materials. These products are used in the automotive, construction, and paint and coating industries. They are also used to prevent loss of moisture and to seal the surface of new concrete. Thus, the epoxy coatings segment is expected to be the major application segment in the market during the forecast period.
APAC is estimated to contribute 44% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.
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The growing consumer awareness and improved standard of living are the other drivers in this region. The growth in emerging economies and manufacturing units, the increase in the production capacities in end-user industries, and the population growth in the region will foster the growth of the polyetheramine market during the forecast period. Moreover, the rapid growth of industry, the rising construction sector, the boom in motor vehicle manufacturing, and the adoption of improved farming techniques, especially in countries such as China, Malaysia, Indonesia, Vietnam, Japan, South Korea, and India, will boost the demand in the region during the forecast period.
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The market is pivotal across diverse sectors including wind blade molding, flooring, construction, fuels, and lubricants. Its applications extend to paints & coatings, lithium-ion battery manufacturing, and polyurea spray for waterproofing materials in commercial and industrial spaces. Offering essential corrosion protection for concrete and steel, it supports sustainable construction practices. As a key curing agent in epoxy resin formulations, They contribute to fuel additive manufacturing and serve the oil and gas sector. Its versatility allows for varied applications and usage as chain extenders, reflecting its indispensable role in modern industries. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand in water treatment applications is the key factor driving the market. Polyetheramines are indispensable in water treatment processes, pivotal for purifying and remediating water sources across diverse industries and municipalities. These compounds feature prominently in water treatment chemicals, where they serve as effective agents for corrosion inhibition, scale prevention, and wastewater treatment. In wastewater treatment, they are essential components of flocculants and coagulants, facilitating the removal of suspended solids, organic matter, and pollutants from wastewater streams. Their remarkable capacity to aid in particle agglomeration and sedimentation enhances treatment efficiency, resulting in cleaner effluent discharge and mitigating environmental impact.
Furthermore, the multifaceted applications of polyetheramines extend beyond water treatment, finding utility in various sectors such as wind blade molding, flooring, construction, fuels, paints & coatings, and more. Their versatility and effectiveness in addressing environmental concerns and meeting quality standards underscore their significance in modern industrial practices, thus fostering market growth in the foreseeable future.
The rise in demand for composite blades in the wind power industry is the primary trend shaping the market. Diamine is extensively used in wind turbine blades. The use of polyetheramine-based composites in the wind energy industry is anticipated to boost market growth. The growth in the wind energy industry is driven by the demand for greener and more eco-friendly products and power solutions. In addition, stringent government regulations in many countries are also fostering the growth of the wind power industry to meet the power demands due to increased urbanization.
Additionally, the rise in the demand for composite blades for the wind power industry in many regions, such as APAC and the Americas, is driving the market. Polyetheramine-based (diamine) wind turbine blades facilitate sophisticated, lightweight design with a high strength that can endure the harshest climate conditions and yet remain flexible. These flexible properties are expected to drive the demand for diamine, which further boost market growth during the forecast period.
Concerns related to technical limitations in manufacturing and application are a major challenge that affects the market expansion. One key limitation is viscosity control, as they often exhibit high viscosities, which can impede handling and processing in manufacturing and application processes. Controlling viscosity without compromising other properties such as reactivity and cure rate, requires careful formulation optimization. Another challenge is the cure rate, particularly in fast-curing applications where they may exhibit limited reactivity or prolonged curing times.
Additionally, compatibility with other components in formulations such as epoxy resins and additives, can be challenging. Achieving desired properties such as adhesion, flexibility, and chemical resistance while maintaining compatibility requires extensive testing and formulation adjustments. Technical limitations may restrict the versatility of certain applications, limiting their adoption in niche markets or specialized coatings, which further hampers market growth during the forecast period.
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Clariant International Ltd., Huntsman International LLC, Merck KGaA, Oriental Union Chemical Corp., DHALOP CHEMICALS, Evonik Industries AG, Hebei Houfa New Materials Co. Ltd., Henan GP Chemicals Co. Ltd., IRO Group Inc., TIANJIN ZHONGXIN CHEMTECH CO. LTD., Yangzhou Chenhua New Materials Co. Ltd., Yantai Dasteck Chemicals Co. Ltd., Yantai Kaisheng Environmental Technology Co. Ltd., Zhangjiagang Tuopu Chemical Co. Ltd., and Zibo Zhengda Polyurethane Co. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
Water and Wastewater Treatment Chemicals Market: Water and Wastewater Treatment Chemicals Market Analysis APAC, North America, Europe, South America, Middle East and Africa - China, US, Japan, India, UK - Size and Forecast
Residential Drinking Water Treatment Equipment Market: Residential Drinking Water Treatment Equipment Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, India, Germany, UK - Size and Forecast
Water and Wastewater Management Market: Water and Wastewater Management Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, Canada, China, Germany, France - Size and Forecast
The market is a vital component across various industries, including wind blade molding, paints & coatings, and lithium-ion battery manufacturing. Its versatility extends to applications such as polyurea spray and waterproofing material in commercial and industrial spaces for corrosion protection, especially in steel structures. Embracing sustainable construction practices, it offers environment-friendly solutions as a curing agent and in fuel additive manufacturing for the oil and gas sector. Utilized as diamines and chain extenders, it contributes to polyurea coating applications with characteristics like hydrophobicity, toughness, and resistance to environmental degradation in composite applications for wood and metal. From the various industries to new energy vehicles and eco-friendly energy generation, the market serves as a key player in automobile production and building & construction, catering to the evolving demands of adhesives & sealants and the luxury segments of vehicles.
Further, the global polyetheramine market caters to diverse sectors automotive industry and aerospace industry and provides essential components for various end products. Its properties, including hydrophilicity and dielectric strength, contribute to advancements in new energy vehicles (NEVs) and the electric vehicle market, aligning with eco-friendly and renewable energy generation initiatives. With applications in the building & construction industry and automotive & transportation industries, it offers solutions across monoamine and triamine type segments, enhancing polyuria and addressing the needs of luxury or premium segments of vehicles. Supported by organizations like the GWEC (Global Wind Energy Council), it demonstrates UV/VIS response and versatility in the amine and nitro group compositions.
Moreover, the market is influenced by various sectors like flooring and construction, where it's used in adhesives and coatings. In the automotive sector, it enhances automotive parts and lightweight composite materials, contributing to global automobile production. Infrastructure projects also drive demand. The market is fueled by innovation and technology advancements, leading to value-added services and alternative products like bio-based polyetheramines. Eco-friendly options meet the demand for sustainable solutions. Monoamines and curing agents play key roles in polyurea coatings and fuel additives, highlighting the diverse applications and profitability of the market.
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Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.06% |
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Market Growth 2024-2028 |
USD 742.71 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
8.67 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 44% |
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Key countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
BASF SE, Clariant International Ltd., Huntsman International LLC, Merck KGaA, Oriental Union Chemical Corp., DHALOP CHEMICALS, Evonik Industries AG, Hebei Houfa New Materials Co. Ltd., Henan GP Chemicals Co. Ltd., IRO Group Inc., TIANJIN ZHONGXIN CHEMTECH CO. LTD., Yangzhou Chenhua New Materials Co. Ltd., Yantai Dasteck Chemicals Co. Ltd., Yantai Kaisheng Environmental Technology Co. Ltd., Zhangjiagang Tuopu Chemical Co. Ltd., and Zibo Zhengda Polyurethane Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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