H1 2023: In H1 2023, the Asia Pacific region was found as the largest consumer of Polyetheramine. In the first half of 2023, Polyetheramine prices underwent fluctuations in APAC. January saw a price surge in the Chinese market due to heightened demand from the construction sector and elevated costs of upstream Propylene oxide and ammonia. However, February witnessed a decline in Polyetheramine prices in China, attributed to insufficient upstream support and weakened demand. By March 2023, Polyetheramine prices experienced an upward trajectory, fuelled by substantial consumption from downstream industries. This positive price movement was instigated by robust demand for Polyetheramine in China and limited product availability in the market. However, April onwards, the Polyetheramine market experienced a downturn due to subdued demand fundamentals and a gradual uptick in product inventory. Adequate exports of Polyetheramine from China to other Asian regions resulted in an accumulation of inventories at various ports. The market witnessed a further dip in trading activities during June 2023, attributed by the Dragon Boat Festival, while limited trading fundamentals also led to weak market conditions. The construction industry saw an impact on Polyetheramine demand, as manufacturing units maintained sufficient stocks. Despite ample stock levels in the Asian market, producers adjusted operating rates to minimize margin loss amid the persistent low demand.
The global Polyetheramine market stood at approximately 280 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.32% during the forecast period until 2032. Polyetheramine is industrially manufactured through the amination process of glycol. This compound effectively serves as building block for dispersants and finds application in modifying various polymers such as nylon, polyolefins, and polysilicon. Moreover, it is extensively utilized in diverse industries, including coatings, adhesives, chemical manufacturing, automotive, construction, and wind energy, showcasing its versatility and adaptability to meet a range of industrial needs.
Polyetheramines, a versatile class of compounds, are extensively employed in diverse industries owing to their distinctive properties. Primarily, they serve as curing agents for epoxy resins, augmenting the flexibility, toughness, and chemical resistance of coatings used in applications ranging from protective coatings to flooring and adhesives. In the adhesive sector, they play a crucial role as curing agents and adhesion promoters, contributing to the development of high-performance adhesives in sectors like construction, automotive, and aerospace. Additionally, polyetheramines function as fuel additives, enhancing fuel stability, reducing emissions, and preventing engine deposits, thereby improving overall fuel efficiency and engine performance. Their utility extends to the polyurethane industry, where they act as chain extenders and curing agents for flexible foams, elastomers, and coatings. In corrosion protection, these amines find application as inhibitors, safeguarding metal surfaces in structures, pipelines, and marine environments. Further applications include their role in the textile industry for softeners and finishing agents, in oilfield operations as components of demulsifiers and corrosion inhibitors, in water treatment formulations as scale inhibitors and dispersants, and even in personal care products for conditioning effects. The broad spectrum of applications underscores the indispensable role of polyetheramines in enhancing the performance of diverse products across industries.
The utilization of polyetheramines in epoxy coatings has emerged as a major market driver, significantly influencing the coatings industry's dynamics. As crucial components in the formulation of epoxy coatings, polyetheramines act as key drivers by imparting crucial enhancements to coating properties. Their role as curing agents enhances flexibility, toughness, and chemical resistance, positioning epoxy coatings formulated with polyetheramines as preferred solutions for diverse applications such as protective coatings, flooring systems, and adhesives. The distinct chemical attributes of polyetheramines contribute to the development of durable and resilient finishes, making them pivotal in industries where robust protection against environmental factors, abrasion, and corrosion is paramount. The versatility of polyetheramines in tailoring the curing process and influencing final coating properties establishes them as major drivers, addressing specific performance standards and needs in industrial, construction, and manufacturing applications. The market's trajectory is increasingly shaped by the widespread recognition of polyetheramines as indispensable contributors to the development of high-performance epoxy coatings, thereby fuelling their adoption and driving substantial growth in the coatings sector. The rising demand for polyetheramine-based composites is poised to become a significant market driver, as these composites are engineered to substitute traditional materials like wood, metal, and concrete. Their application extends to critical sectors such as aerospace, automotive parts, and wind turbine blades due to their lightweight construction, impressive dielectric strength, and exceptional resistance to environmental degradation. This shift towards polyetheramine-based composites is anticipated to reshape the market landscape, driven by the compelling advantages they offer in terms of performance and durability. The versatility of these composites in meeting the stringent requirements of demanding applications positions them as a driving force, fostering innovation and adoption across various industries. The global Polyetheramine market is anticipated to reach nearly 425 thousand tonnes by 2032.
On the basis of type, the Polyetheramine is divided into- Monoamine, Diamine, And Triamine. Among these, the monoamine segment has asserted dominance, with a specific focus on serotonin and dopamine. Recognized as vital contributors to mood and emotional regulation of body, these monoamines play a central role to control bipolar disorder and. These conditions involve the strategic use of pharmaceuticals designed to inhibit the reuptake of monoamines. Notably, SSRIs (selective serotonin reuptake inhibitors) and SNRIs (serotonin-norepinephrine reuptake inhibitors) are prominent in this regard. This market trend underscores the significance of the monoamine segment, particularly in the development and distribution of therapeutic interventions for mood-related disorders, showcasing its market dominance and strategic relevance.
Based on region, Asia Pacific region is the biggest consumer of Polyetheramine. The Asia Pacific region is positioned as the predominant consumer of polyetheramine, driven by key business catalysts. Rapid urbanization and industrialization propel a burgeoning construction sector, necessitating substantial usage of polyetheramines in coatings and adhesives. Robust growth in the automotive industry, particularly in influential markets like China and Japan, reinforces demand for polyetheramine in manufacturing high-performance adhesives and coatings for automotive parts. As a pivotal hub for electronics manufacturing, the region's demand for polyetheramine intensifies for electronic component and device production. The focus on renewable energy projects, notably in wind energy, amplifies the strategic utilization of polyetheramines in composite materials for wind turbine blades. Concurrently, increasing environmental consciousness and favourable governmental policies promoting industrial expansion contribute to the heightened adoption of polyetheramines in the formulation of environmentally sustainable coatings and adhesives. This convergence of factors establishes the Asia Pacific region as a paramount driver in shaping the trajectory of the global Polyetheramine market.
Based on the end-user industry, the global Polyetheramine market is divided into Epoxy Coatings, Polyurethane Foam, Fuel Additives, Composites, and Others. Among these, Epoxy Coatings is the major segment and held approximately 40% of the global Polyetheramine market in 2022.
Major players in the Global Polyetheramine market are Clariant, BASF SE, Huntsman International Llc, Zibo Dexin Lianbang Chemical Industry Co., Ltd, Yangzhou Chenhua New Material Co., Ltd, Yantai Dasteck Chemicals Co., Ltd, Qingdao Iro Surfactant Co., Ltd., And Wuxi Acryl Technology Co., Ltd., The Aurora Chemical Co. Ltd.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Polyetheramine which covers production, demand and supply of Polyetheramine market in the globe.
• To analyse and forecast the market size of Polyetheramine
• To classify and forecast Global Polyetheramine market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Polyetheramine market in the globe.
To extract data for Global Polyetheramine market, primary research surveys were conducted with Polyetheramine manufacturers, suppliers, distributors, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Polyetheramine market over the coming years.
ChemAnalyst calculated Polyetheramine demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Polyetheramine. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Polyetheramine manufacturers and other stakeholders
• Organizations, forums and alliances related to Polyetheramine distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polyetheramine manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Polyetheramine market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
280 thousand tonnes
Market size Volume in 2032
425 thousand tonnes
Growth Rate
CAGR of 4.62% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Epoxy Coatings, Polyurethane Foam, Fuel Additives, Composites, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Polyetheramine in terms of volume in 2022?
Ans:
The global market size of Polyetheramine had reached approximately 280 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Polyetheramine?
Ans:
Asia Pacific region is the leading consumer of Polyetheramine globally.
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