Polyetheramine Market Size, Share, Opportunities, And Trends By Type (Monoamine, Diamine, Triamine), By Application (Polyurea, Fuel Additives, Composites, Epoxy Coatings, Adhesives and Sealants, Other Applications), And By Geography - Forecasts From 2024 To 2029

The polyetheramine market is anticipated to grow at a CAGR of 8.83% during the forecast period (2024-2029).

Global trade and production of a category of chemical compounds known as polyetheramine are summed up to make the market. Polyetheramines are chemical composites made of polyether chains with one or more amine groups attached to them, giving them characteristic features that make them useful in many industries. This growth is due to the large use of polyether amines in the different branches of the given end-use segments, including the wind blade molding market, flooring and construction sectors, fuels and lubricants market, paints & coatings market, and lithium-ion battery manufacturing market.

Polyetheramines also impart characteristics such as hardness, low colours, low flow, and high flexibility to applications. Due to their molecular structure, they find good applications as curing agents for epoxy resins in coatings, adhesives, and composites. Polyetheramines are also applied as fuel stabilizers and corrosion inhibitors in oil and gas industries to protect structures.

One of the key requirements for the growth of the polyetheramine market is the increase in the production capacities of various industries. One of the growth-driving factors is the increasing need for clean energy sources, where wind energy is one of the most promising. Polyetheramines have found a wide application in the production of wind turbine blades, seeing that they boast fatigue resistance, burst resistance, and flexibility. Huge demand for wind energy worldwide due to its environment-friendly and sustainable nature is anticipated to further boost the polyetheramines market in the future.

The polyetheramine market has other demands, including an increase in infrastructure development and construction in emerging nations. They are widely incorporated in construction products, including epoxy coatings, adhesives, and sealants. According to the demands stemming from neo-urbanization, improving consumer purchasing power and investments in constructions and renovations in areas like Asia-Pacific led by China and India are the key drivers of polyetheramine-based products. The properties of polyetheramine are some of the best; for instance, it gives durability and flexibility and is wear-resistant; thus, it has a high demand in construction.

The automotive and transportation industries are also anticipated to grow the polyetheramine market. They are applied in fuel industries as they help improve the stability of fuels and prevent corrosion in the related structures of oil and natural gas industries. Polyetheramines are expected to gain increased demand from this industry due to the increasing demand for efficient and cleaner intermediates for future transportation systems. The increasing application of polyetheramine-based composites in automotive interior trims and other automotive exterior parts has expanded the market. That is why, given trends in the automotive sector, tendencies such as the increased usage of lightweight and simultaneously high-strength materials will also stimulate polyetheramine consumption in the following years.

POLYETHERAMINE MARKET DRIVERS:

• The monoamine segment by type will likely be the fastest-growing segment during the forecast period.

Among the polyetheramine types, the monoamine segment will be the fastest-growing for the following reasons during the forecast period: Ammonia-forming monomers are versatile and are used extensively as curing agents for epoxy resins used in coatings, adhesives, and composite sectors. As a result of high-performance coatings, durable, chemical-resistant coatings are in major demand by several end users, such as construction, automotive, and industrial segments. They are the driving force for this monoamine polyetheramine segment. Simply said, the inclusion of monoamines in epoxy coatings gives them excellent adhesion, flexibility, and toughness that make them the best in the market.

The wind energy business is one of the major end-users of polyetheramine-based Composites, wherein uses are made of monoamines to enhance the performance characteristics of wind turbine blades. As the global interest in renewable energy sources rises and wind turbines are deployed in larger numbers, the demand for the composites segment that uses monoamine polyetheramines is also anticipated to rise. Their use in the aerospace, automotive, and other industries also increases the segment’s growth. Some synthetic polyetheramines are also employed as fuel stabilizers, useful in preventing the degradation of fuels and corrosion of pipelines and other equipment in the oil and gas industries. The growing usage of transportation fuels that are eco-friendly and have high efficiency, coupled with the growing usage of monoamine base lubricants and fuels, is fuelling the monoamine segment growth.

The trend toward environment-friendly or eco-efficient compounds has fostered the manufacturing of bio-based and renewable monoamine polyetheramines. Governance authorities are also pushing for environmentally sustainable reagents, which are estimated to drive the uptake of monoamine polyetheramines in the following years. Overall, this segment’s market is expected to experience significant growth over the next years because of the higher demand for epoxy coatings, wind energy, composites, fuel additives, the regulation status, and the development tendency of sustainable products.

Polyetheramine Market Geographical Outlook

• Asia Pacific will dominate the polyetheramine market during the forecast period.

The Asia-Pacific region is poised to dominate the global polyetheramine market during the forecast period owing to the following key reasons,

Surging Demand from the Wind Energy Sector: The Asia Pacific region, especially China and India, is rapidly developing the wind energy business. Polyetheramines are widely used in wind turbine blade production, as their significant performances of fatigue resistance, burst resistance, and flexibility are indispensable. These amines find application in wind energy, and since the demand for renewable energy resources is increasing rapidly in this region, the demand for polyether amines will also rise.

Booming Construction and Infrastructure Development: Currently, construction and infrastructure development, particularly in the Asia-Pacific region, especially in emerging markets such as China and India, has been on a steady rise. Polyetheramines are used in many branches of the construction industry: epoxy coatings, adhesives and sealants, and so on. The increasing population density in cities, the rising tendency of consumer expenditure, and the expanding interest in construction and renovation activities in the region are people’s expectations for polyetheramine-derived goods.

Expansion of Automotive and Transportation Sectors: Polyetheramine is also used extensively in the automotive and transport industries in the Asia-Pacific region, which has together boosted the manufacturing potential of the market. They are employed as fuel anti-oxidants in that they stabilize fuels and control corrosion in oil/gas equipment. The increasing use of fuel additives due to the concerns of being environment-friendly and having better vehicles is fueling the polyetheramines market in this segment. Besides, the application of polyetheramine-based composites in other car segments, including inside trims and outer trims, is also driving the market’s growth in the region.

Favorable Government Policies and Regulations: This has been the case in the Asia Pacific region, especially where governments encourage using green and sustainable products through bio-based and renewable polyetheramines. Furthermore, regulatory authorities and environmental organizations are pushing for the use of green chemistry, thereby increasing the demand for polyetheramines in successive years.

In conclusion, the Asia Pacific region is gaining supremacy over the global polyetheramine market due to the increasing trends in the wind energy, construction, and automotive application industries, along with the support of favourable government policies encouraging the usage of environment-friendly chemicals.

The polyetheramine market key developments:

• June 2022: BASF announced the existing capacity additions at the Geismar site in North America, which is expected to be on-stream by mid-calendar year 2023. This expansion will concern major specialty amines and allow the manufacturing of more polyetheramines under the Baxxodur brand name.
• March 2022: In another relationship, Brenntag signed an agreement with BASF SE stating that it will act as the sole distributor for BASF SE's Polyetheramines and Baxxodur in the United States of America and Canada.
  

Polyetheramine Market Scope:

 

Report Metric	Details
Growth Rate	CAGR of 8.83% from 2024 to 2029
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Type Application Geography
Companies Covered	BASF SE Huntsman International LLC Clariant Dasteck Qingdao IRO Surfactant Co., Ltd
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

The polyetheramine market is segmented and analyzed as follows:

• By Type
  • Monoamine
  • Diamine
  • Triamine
• By Application
  • Polyurea
  • Fuel Additives
  • Composites
  • Epoxy Coatings
  • Adhesives and Sealants
  • Other Applications
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • Saudi Arabia
    • United Arab Emirates
    • Rest of the Middle East and Africa
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.1.1. Increasing Demand from Construction Industry

4.1.2.  Growing Trend of Eco-friendly and Renewable Energy Generation 

4.2. Market Restraints

4.2.1. Environmental Concern Due to Excessive Use of Polyetheramine 

4.2.2. Threats from Substitutes

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. POLYETHERAMINE MARKET BY TYPE

5.1. Introduction

5.2. Monoamine

5.3.  Diamine

5.4. Triamine

6. POLYETHERAMINE MARKET BY APPLICATION

6.1. Introduction

6.2. Polyurea

6.3.  Fuel Additives

6.4.  Composites

6.5. Epoxy Coatings

6.6. Adhesives and Sealants

6.7.  Other Applications 

7. POLYETHERAMINE MARKET BY GEOGRAPHY

7.1. Global Overview

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Rest of South America

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain

7.4.6. Rest of Europe

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. United Arab Emirates

7.5.3. Rest of the Middle East and Africa

7.6. Asia-Pacific

7.6.1. China

7.6.2. India

7.6.3. Japan

7.6.4. South Korea

7.6.5. Taiwan

7.6.6. Thailand

7.6.7. Indonesia

7.6.8. Rest of Asia-Pacific

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. BASF SE

9.2. Huntsman International LLC

9.3.  Clariant

9.4.  Dasteck 

9.5.  Qingdao IRO Surfactant Co., Ltd

9.6.  Shanghai Chenhua International Trade Co., Ltd.

9.7.  Chia Tai New Materials (Zibo Zhengda Polyurethane Co. Ltd.) 

9.8. Wuxi Acryl Technology Co. Ltd. 

BASF SE

Huntsman International LLC

Clariant

Dasteck 

Qingdao IRO Surfactant Co., Ltd

Shanghai Chenhua International Trade Co., Ltd.

Chia Tai New Materials (Zibo Zhengda Polyurethane Co. Ltd.) 

Wuxi Acryl Technology Co. Ltd.