[141 Pages Report] The global polyetheramine market was valued at USD 0.6 billion in 2016 and is projected to reach USD 1.1 billion by 2022, at a CAGR of 9.3% from 2017 to 2022. 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.



The Diamine type segment is expected to have the largest demand for polyetheramine during the forecast period.

Diamine type segment accounted for the largest market share in terms of volume, followed by the monoamine and triamine type segments. Diamines are majorly consumed in epoxy coatings, polyuria, and adhesives & sealants applications. Increasing urbanization and use of renewable energy are driving this segment.

The polyetheramine market in the composites is expected to witness the highest CAGR during the forecast period.

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.

Asia-Pacific polyetheramine market is estimated to be the fastest growing during the forecast period.

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.



Market Dynamics

Growth in wind energy industry is one of the major drivers for the increase in demand of polyetheramine. According to GWEC wind power leads all new renewable power generation in 2015. This is due to the growing demand for green and renewable energy globally. The total global wind energy installation reached 432.9 GW with newly installed wind power industry of 63 GW in 2015 accounting for annual market growth of 22%. China led the new wind energy installations with installed figure of 30 GW. The rapid growth in wind power generation is driving the manufacturing of large wind turbines. Wind turbines are manufactured using epoxy adhesives, while their blades are made of epoxy resin composites. Nearly one inch thick adhesives are used to bond the two halves of wind turbines and enhance static and dynamic fracture toughness. Polyetheramine is used as curing agents to enhance the property for epoxy adhesives as well as epoxy resin composites. The polyetheramine added improve the fatigue resistance & burst strength of the composites. These factors are increasing the demand for polyetheramine in the wind energy industry.



However, poor UV/VIS response is a major restraint for its growth. The polyetheramine-based systems do not exhibit good UV/VIS spectral stability. This instability is caused by the presence of amine group and lack of strong chromophores. The amine group in polyetheramine, when exposed to ambient atmosphere, gets oxidized. During oxidation, the amine is converted into nitro group and turns yellow. Therefore, they are not suitable for white coatings in automobiles. These concerns restrict the use of polyetheramine based coatings towards luxury or premium segments of vehicles.

Scope of The Report

Report Metric Details Years considered for the study 2015�2022 Base year 2016 Forecast period 2017�2022 Units considered Value (USD Million) and Volume (Kiloton) Segments Type and application Regions APAC, North America, Europe, the Middle East & Africa, and South America Companies Huntsman Corporation, BASF SE, Wuxi Acryl technology Co. Ltd, and Clariant

A total of 10 players are covered.



This research report categorizes the polyetheramine market on the basis of type, application, and region.

Polyetheramine Market, by Type:

Monoamine

Diamine

Triamine

Polyetheramine Market, by Application:

Epoxy Coatings

Polyurea

Adhesives & Sealants

Composites

Fuel Additives

Polyetheramine Market, by Region:

North America

Europe

Asia-Pacific

Middle East & Africa

South America

The market is further analyzed for key countries in each of these regions.

Leading Players

Huntsman Corporation is a major player in the polyetheramine market. The company�s wide range of business segments provides an added advantage to the company�s profit margin, which enables it to compensate losses from low performing business segments and enables investments in strategic expansions and R&D activities. The performance products business segment includes polyetheramine products. The company earned around 24% of its revenue from performance products business segment in 2015 and is planning to invest further in this segment to enhance its sales globally. The company follows growth strategies such as capacity expansions and investing in R&D activities to meet the growing demand, improve product cost competitiveness, and enhance its product portfolio for new applications to cater to the market. In May 2015, Huntsman Corporation expanded its production capacity of Conroe chemical plant, which has polyetheramine manufacturing facility.

BASF SE is another major player in the polyetheramine market. Europe accounted for 44% of the overall company revenue in 2015. The chemical business segment of the company manufactures polyetheramine for various applications and end users. This business segment earned around 22% of its revenue in 2015. The company�s business strategy mainly revolves around its targets to increase global reach, enhance revenue, and launch innovative solutions through its products. As a part of its growth strategy, the company plans to establish new production facilities and expand its existing plant capacities which could enable the company to take advantage of the opportunities in the high growth polyetheramine market. In April 2016, BASF SE inaugurated a new plant to produce specialty amines in the Nanjing Chemical Industry Park in Nanjing, China, as part of a move to open first specialty amines plant in Asia-Pacific. This expansion is expected to meet the growing market demands of polyetheramine in personal care, construction, wind energy, and coatings sectors.

Recent Developments

In 2016, BASF SE inaugurated a new plant for the production of specialty amines in the Nanjing Chemical Industry Park in Nanjing, China. This plant is the first specialty amines plant in Asia-Pacific. With this expansion, the company met the increasing demand of PEA in personal care, construction, wind energy, and coatings sectors.

In 2015, Huntsman announced the expansion of its Conroe chemical plant by investing between USD 25 million and USD 30 million. This development will ramp up production and capacity and create new jobs in Conroe and The Woodlands.

In 2016, BASF SE entered into a partnership with Lumar Group (Spain) to market specialty amines for the cooling lubricants and metalworking fluids industry in Europe. This partnership added extra marketing intelligence to the BASF marketing team.

Key Questions Addressed by the Report

What is the mid-to-long term impact of the developments undertaken in the industry?

What are the upcoming technologies used in polyetheramine industry?

Which segment has the potential to register the highest market share?

What is the current competitive landscape in the polyetheramine market in terms of new technologies, developments, and capabilities?

What will be the growth prospects of the polyetheramine market?

Available customizations

With the given market data, MarketsandMarkets offers customizations according to the company�s specific needs. The following customization options are available for the report:

Product Analysis

Product matrix that gives a detailed comparison of product portfolio of each company

Country-wise Analysis

Further breakdown of Rest of APAC countries into Thailand, Vietnam, Singapore, the Philippines, Myanmar, Australia, and New Zealand.

Further breakdown of Rest of Europe into the Netherlands, Switzerland, Greece, Hungary, Romania, Croatia, Bulgaria, Denmark, Finland, Austria, Norway, and Ukraine.

Further breakdown of Rest of the Middle East & Africa into the Algeria, Egypt, Iraq, Nigeria, Kenya, and Morocco

Further breakdown of Rest of South America into Chile, Uruguay, Ecuador, and Paraguay.

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