Polyether amines are organic derivatives of ammonia, in which one, two, or all three of the hydrogen of ammonia are replaced by organic groups. These amines have excellent physical and chemical properties and can offer better color and heat stability along with improved oil solubility. The global polyether amine market is expected grow moderately and register a positive CAGR over the forecast period. Some of the protuberant drivers supporting the growth of global polyether amines market are identified as, rising need for crop protection chemicals in emerging economies and high growth in end-use industries across the globe. However, the raw material required for the manufacturing of polyether amines is very high. Additionally, the availability of raw materials for production of polyether amines is also a challenging task for the manufacturers which may restrain these specialty amine market. The usage of polyether amines is accompanied by harmful effects on environment and human health, hence stringent environmental regulations would reduce the consumption and production of amines, which is a threat to this market.
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As agriculture sector accounted high contribution to the GDP of the developing economies. There is tremendous opportunity for the polyether amines market with its use as herbicide, insecticide, fungicide in agriculture sector for countries with developing economies. The polyether amines are used by many industries, including for the manufacture of agrochemical, pharmaceutical and water treatment chemical. However, recently a growing trend of use of polyether amines as additives for the manufacture of polyurethane foams, coatings, lubricants and detergents is observed.
MRFR’s report offers a detailed segmental analysis of the market based on application, type and region.
By application, the market has been segmented into epoxy coatings, composites, adhesives & sealants, curing agent, fuel additive, and others. By type, the market has been segmented into diamine, triamine, and monoamine. Of these, the damine segment accounts for the largest market share. The segment is expected to remain attractive of the next couple of years.
- ZIBO DEXIN LIANBANG CHEMICAL INDUSTRY CO., LTD
- Wuxi Acryl Technology Co., Ltd.
- Yantai Dasteck Chemicals Co., Ltd.
- BASF SE
- Huntsman Corporation
- Yangzhou Chenhua New Materials Co., Ltd.
- the Aurora Chemical Co. Ltd.
- Qingdao IRO Surfactant Co., Ltd.
Global Polyether Amine Market: Regional Segmentation
Based on region, the market has been segmented into Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), Latin America and North America. In terms of value, APAC currently accounts for the largest market share. On the back of increase construction activities, the demand for polyether in on the rise in APAC. The construction sector is witnessing tremendous growth in the region. Developments of public infrastructure has been a key area of focus for governments in various countries. China, India and ASEAN countries are undergoing rapid urbanization and industrialization which is boding well for the polyether amine market.
Europe occupies a considerable share of the global polyether amine market. Sub-markets such as fuel additive, adhesives and sealants in the region make a significant contribution to the market. Meanwhile, the presence of a massive automotive manufacturing sector supports in creating conducive business environment for market players operating in Europe.
In terms of revenue, North America, following on the heels of Europe represent the third largest market for polyether. Presence of various end use sectors provides a healthy market scope for polyether amine in the region.
In Latin America, the polyether amine market is expected to exhibit a steady growth over the next couple of years. With the economy getting back to normalization, market opportunities are expected to increase in LatAm during the assessment period. The domestic demand for polyether amin in LatAm is driven by its application is household adhesion and coating. At the same time, increased number of infrastructure development projects in countries such as Brazil, Mexico and Chile is also providing an impetus to the market in the region.
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