Polyetheramine Market - By Type (Monoamines, Diamines, Triamines), By Application (Epoxy Coatings, Adhesives & Sealants, Polyurea Coatings, Fuel Additives) & Forecast, 2023 – 2032

Polyetheramine Market Size

Polyetheramine Market size was valued at around USD 1.1 billion in 2022 and is estimated to reach USD 2.8 billion by 2032. Polyetheramines are commonly used as curing agents for epoxy resins, driving demand in the coatings, adhesives, and composites industries.
 

Polyetheramines contribute to the formulation of adhesives and sealants with excellent bonding and adhesion properties. The aforementioned factors are therefore expected to accelerate market expansion in the upcoming years.
 

Polyetheramines enhance the durability and corrosion resistance of coatings used in infrastructure projects. In the automotive sector, polyetheramines are used in lightweight composite materials for vehicle components.
 

The availability and cost fluctuations of raw materials used in the production of polyetheramines can impact manufacturing costs and profitability. The polyetheramine market is competitive, and companies need to differentiate their products through innovation, performance, and value-added services. Rapid advancements in technology can lead to the development of alternative products that could replace or compete with polyetheramines. Thus, the risks associated with Polyetheramine may drive down the acceptance rate, further hampering the business landscape.
 

COVID-19 Impact

The automotive sector, which relies on polyetheramines for adhesives and coatings, experienced a significant decline in demand due to factory closures and decreased consumer spending on vehicles. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the market size.
 

Polyetheramine Market Trends

Increasing emphasis on sustainability is driving the development of bio-based and eco-friendly polyetheramines, aligning with the broader trend of environmentally friendly products. Polyetheramines are finding applications in a wider range of industries beyond traditional sectors, such as construction, automotive, and coatings. Polyetheramines are being used in advanced coatings and adhesives that offer improved performance, durability, and chemical resistance. Thus, the growing prevalence is expected to expedite the market expansion.
 

Polyetheramine Market Analysis

Based on type, the polyetheramine market is segmented as Monoamines, Diamines, Triamines, Others. Monoamines segment exceeded USD 635 million in 2022. Monoamines polyetheramines are commonly used as curing agents for epoxy resins in coatings, adhesives, and composites. Their strong adhesive properties make them suitable for various bonding applications. Moreover, an increasing usage will further accelerate the segment trends.
 

Based on application, the polyetheramine market is segmented as Epoxy Coatings, Adhesives & Sealants, Polyurea Coatings, Fuel Additives, Others. Epoxy Coatings held a dominant market share of around 35% in 2022 and is expected to grow at a lucrative pace by 2032. Polyetheramines act as curing agents in epoxy resins, crucial for the development of high-performance coatings, adhesives, and composites. Thus, the aforementioned factors are projected to expedite the market demand.
 

U.S. polyetheramine market crossed USD 410 million in 2022 and is anticipated to expand at a significant pace from 2023-2032. Polyetheramines are used in construction materials like adhesives, sealants, and coatings. As construction and infrastructure projects continue to grow in North America, the demand for these materials could increase, thereby driving the demand for polyetheramines. Thus, the above-mentioned variables would augment the business growth in the North America positively.
 

Polyetheramine Market Share

Some of the major market players operating in the polyetheramine market are:

• Huntsman Corporation
• BASF SE
• Dow Inc.
• Evonik Industries AG
• Clariant AG
• Wanhua Chemical Group Co., Ltd.
• Yantai Dasteck Chemicals Co., Ltd.
• Yangzhou Chenhua New Materials Co., Ltd.
• IRO Group Inc.
• Zibo Dexin Lianbang Chemical Industry Co., Ltd.
• Yangzhou Chenhua New Materials Co., Ltd.
• Qingdao IRO Surfactant Co., Ltd.
• Tianjin Zhongxin Chemtech Co., Ltd.
• Mitsubishi Chemical Corporation,
• Ineos Group Holdings S.A. 
   

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Polyetheramine Industry News:

• In June 2022, BASF made an announcement about the ongoing expansion of production capacity at the Geismar site in North America, with the aim of being on-stream by mid-2023. This expansion will focus on key specialty amines and will enable the production of more polyetheramines marketed under the Baxxodur brand.
   

Polyetheramine market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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Market, By Type

• Monoamines
• Diamines
• Triamines
• Others

Market, By Application

• Epoxy Coatings
• Adhesives & Sealants
• Polyurea Coatings
• Fuel Additives
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt