Global Polyetheramine Market Size, Share, Development, Growth and Demand Forecast | Clariant, Huntsman Corporation, BASF

In 2015, the global sales of polyetheramine generated a revenue of $660.4 million, and these are predicted to progress at a 10.5% CAGR during the forecast period (2016–2022). The polyetheramine market is being driven by the widening application area of the chemical and growing demand for it from Asia-Pacific (APAC) countries. Polyetheramines are chemicals with a basic amino group (NH2) attached to a polyether chain, most often of ethylene oxide and propylene oxide or even both these together.

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On the basis of application, the polyetheramine market is categorized into epoxy coatings, polyurea, composites, fuel additives, adhesives and sealants, and others. In 2015, the epoxy coatings application consumed the chemical in the largest amount and also contributed the highest revenue to the market. Polyetheramine is used as a curing agent in epoxy coatings, to which the chemical imparts flexibility, toughness, hydrophilicity, and hydrophobicity, depending on the use.

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Around the world, APAC led the polyetheramine market in 2015 in terms of sales volume as well as revenue, and the region is expected to retain its position during the forecast period. This is attributed to the growth of regional countries’ economy, individuals’ spending power, infrastructure developments, and foreign direct investments. For instance, the manufacturing and chemicals industries in China are projected to witness remarkable growth during the forecast period with global companies shifting their manufacturing plants from Europe and North America.

The reason behind key polyetheramine market players taking such steps is that APAC offers them raw material and skilled labor at lower costs compared to other regions along with vast opportunities for investment. Furthermore, India too is experiencing an industrial boom, which, combined with its huge consumer base, would further the growth of the market in the APAC region. A similar scenario is expected in other regional nations, including Malaysia, Indonesia, South Korea, and Vietnam.

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GLOBAL POLYETHERAMINE MARKET SEGMENTATION
By Application

Polyurea
Epoxy Coatings
Adhesives and sealants
Composites
Fuel additives
Others

GEOGRAPHICAL SEGMENTATION

North America
U.S.
Canada
Mexico
Rest of North America
Europe
U.K.
Germany
France
Rest Of Europe
Asia-Pacific
China
Japan
India
Korea
Rest of Asia-Pacific
Rest of the World
Brazil
Others

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This release was published on openPR.