Polyetheramine Market to Witness A Phenomenal Growth over 2019 to 2025

Polyetheramine Market to Witness A Phenomenal Growth
over 2019 to 2025: Global Market Insights, Inc.
Global Market Insights, Inc present the report on global polyetheramine market evaluates the
growth trends of the industry through historical study and estimates future prospects based
on comprehensive research. The report extensively provides the market share, growth, trends
and forecasts for the period 2019-2025.
The polyetheramine market globally is determined by its wide range of applications in end
user industries such as the adhesive, ink, sealants, elastomer, resin and coating industry to
name a few. Polyetheramine is mainly used in the coating industry for manufacturing of
epoxy, polyuria and polyamides. Epoxy coatings are used in the fiber glasses, carbon fibers
and many other composite materials.
Manufacturing of polyetheramine is done through various raw materials, mainly,
polytetramethylene ether, polypropylene glycol, polyethylene glycol, propylene oxide and
ethylene oxide. These raw materials are provided by corporations such as Manali
Petrochemicals Limited (India), INEOS (Switzerland), LyondellBasell (Netherland), BASF SE
(Germany), The Dow Chemical Company (U.S.) and Huntsman Corporation (U.S.). Fluctuations
in the raw material prices of this product may be a future restraint for polyetheramine market
growth.
Market research reports: Key analytical components
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Browse Complete Report Summary @ https://www.gminsights.com/industryanalysis/polyetheramine-market
The polyetheramine market globally has been segmented on the basis of application as
- adhesives, sealants, polyuria, epoxy coating and composites. Polyetheramine’s wide range
of properties tend to drive the growth of the market. From the numerous applications of
polyetheramine, a major share was apprehended in 2015 in the global market. In terms of
volume and value, epoxy coating segment was highly valued in 2015. It is projected to grow
at a CAGR of over 10% in value terms during the forecasted timespan. On the basis of region,
polyetheramine market can be segmented into Latin America, North America, Western
Europe, Eastern Europe, Asia Pacific, Africa and Middle East and Japan.
The polyetheramine market finds application in sealants, engineering compositions and hot
melt adhesives as it has long pot life. It contains compounds such as the polyether and amine
moieties that are majorly used for increasing the hydrophobicity, hydrophilicity, flexibility and
toughness. It is also used as a fuel additive in the cleaning of carburetors, injectors and valves.
Products of polyetheramine are also used widely in coating and paints industries, construction
industry and automotive. The durable coatings and epoxy coatings are used for an array of
purposes such as coating for floors and metals, strong adhesives and durable paints.
The polyetheramine market globally was valued over USD 660 million approximately in the
year 2015 and is estimated to grow at a rate over 9% CAGR during the forecasted timespan.
Taking into consideration the volumes, a major share was accounted for by the Asia-Pacific in
the polyetheramine market globally in the year 2015. The primary reason behind this market
growth is the rising demand of the product in countries such as Thailand, Malaysia, Indonesia
and India.
The region of Asia Pacific is anticipated to be the fastest growing market during the forecast
period for polyetheramine. This rising demand is due to the rise in need for applications of
end-users such as the agriculture, construction, automobile, adhesives, sealants, paints and
coatings. The developed economies of United Kingdom and United States are gradually on
the road to recovery from the sluggish economic conditions and improving the demand for
polyetheramines in the market.
Polyetheramine market consists of some key competitors. These are IRO Group Inc., Clariant,
Zibo DexinLianbang Chemical Industry Company Ltd., Wuxi Acryl Technology Co. Ltd., Qingdao
IRO Surfactant Co. Ltd., Yangzhou Chenhua New Materials Company Ltd, Yantai Minsheng
Chemicals Company, Ltd., BASF SE and Huntsman Corporation to name a few.
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