The polyetheramine industry has garnered $1,009.1 million revenue in 2021, and it is projected to rise at the rate of 9.0%, to contribute $2,183.6 billion revenue in 2030. It is led by surging infrastructure development, rising disposable income, increasing RD expenditure, and growing automotive transportation, wind energy, and building renovation industries, led by burst resistance, high durability, fatigue tolerance, and wear tear resistance.
Numerous applications, including cement additives, and acid neutralization are expected to fuel the demand for polyamines in the near future.
Epoxy coating category captures the largest industry share, and it is projected to experience faster growth in the coming years. It is led by rising demand for waterborne epoxy coatings, the surging end-use industries, and growing demand for developing nations, such as India and China, including surging infrastructural developments with massive usage of the coatings boost the industry growth.
In addition, the growing hold of local manufacturers in emerging countries, and the surging requirement for epoxy powder-based coatings, led by their non-VOC emission properties, results in industry expansion.
Moreover, adhesives and sealants hold the largest share of industry revenue. It is attributed to the surging consumption of polyamine-based sealants and adhesives, as they offer a strong, flexible elastomeric, and durable elastomeric bond that seals against elements.
Furthermore, they are utilized in various sectors, such as industrial, transportation, healthcare, and construction. The advanced quality led to high-quality adhesives, and the rising requirement for eco-friendly adhesives propel the industry growth.
Additionally, the fuel additives category captures the largest industry share in the coming years. The significant consumption of polyetheramine, owing to its application to clean injectors, carburettors, and valves in vehicles, as well as its ability to mitigate poisonous fumes.
In addition, the increasing requirement for fuel additives in the automotive sector, rising awareness of carbon emissions, and favourable government regulations propel industry growth.
Furthermore, the polyurea category captures the largest industry share. It is ascribed to massive coating applications in various areas, including swimming pools, heavy machinery, vehicles, truck beds, wood structures, decorative elements, and polystyrene sculptures, led by their properties such as protection against corrosion and abrasion damage.
Additionally, the rising automobile, construction, and healthcare sector more specifically in emerging economies, and the expansion of the security and defense sectors propel the industry. As these products are widely used as military equipment coatings, and boost the requirement for polyurea polyetheramines.
The ongoing developmental projects in the developing countries, led by a burgeoning population, surging individual buying power and increasing FDI, resulting in the growing demand for polyetheramines fuel industry growth.
Moreover, the demand for resins, epoxy coatings, adhesives sealants, and others in the end-use sectors, fuels the industry growth.
Therefore rising expansion of the construction sector in emerging countries fuels industry growth.
Source: PS Intelligence
