This report estimates the market size of polyetheramine on the basis of type, application, and region, in terms of value and volume. The global polyetheramine market is projected to grow at a CAGR of 9.3%, from 2017 to 2022, in terms of value. The growing trend of eco-friendly & renewable energy generation and continuous improvements in the construction are the major drivers for the polyetheramine market. The increasing usage of polyetheramine in wind energy, building & construction, and automotive & transportation industries owing to its excellent fatigue resistance, burst resistance, flexibility, high wear & tear resistance, and other physical properties is projected to drive the global polyetheramine market.
Manufacturers have been increasingly focusing on sustainability related to bio-based polyetheramine and production processes and property enhancements during the past five years. Developments related to eco-friendly and high performance polyetheramine are expected to lead to an increase in the demand for polyetheramine over other materials.
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The polyetheramine market is mainly segmented on the basis of type, application, and region. The type segment is further classified into monoamine, diamine, triamine, and others, which includes secondary amines, hindered amines, PTMEG-based amines, and PTMEG/PPG-based amines. Diamine is the fastest-growing segment of the polyetheramine type market.
Composites is projected to be the fastest-growing application segment of the polyetheramine market from 2017 to 2022. The use of polyetheramine as an additive to improve the property of the composites used in wind turbine blades, and in adhesives to adhere the two parts of a blade, is leading to a high growth in the demand for polyetheramine in wind energy industry.
The Asia-Pacific region is projected to witness the highest growth rate, in terms of both volume and value, during the forecast period, followed by Middle East & Africa. The market in this region is experiencing increased demand for polyetheramine from the wind energy and building & construction industries. In the Asia-Pacific region, India is estimated to be the fastest-growing polyetheramine market during the forecast period. The major growth is accounted by the wind energy industry owing to the demand for polyetheramine in composites and adhesives applications. The demand for coatings and adhesives & sealants in the construction industry is also driving the polyetheramine market.
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