Polyetheramine Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 9.44 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyetheramine Market Analysis
The Polyetheramine Market size is estimated at 320.46 kilotons in 2024, and is expected to reach 503.11 kilotons by 2029, growing at a CAGR of 9.44% during the forecast period (2024-2029).
- The polyetheramine market was negatively impacted by the COVID-19 pandemic. However, the market recovered significantly in 2021, owing to rising consumption from various end-user industries such as automotive, construction, aerospace, and others.
- The increasing demand from the construction industry and the growing trend of eco-friendly and renewable energy generation are expected to drive market growth during the forecast period.
- On the other hand, environmental concern due to the excessive use of polyetheramines is expected to hinder the growth of the market during the forecast period.
- Further, growing trends toward epoxy composites in the aerospace industry are projected to create market opportunities.
- The Asia-Pacific region is the biggest market and is expected to grow the fastest over the next few years owing to the increasing consumption from countries such as China, India, and Japan.
Polyetheramine Market Trends
Increasing Demand from Composite Application
- Polyetheramines are typical curing agents that comprise polyether and amine molecules and are used to enhance the properties of end products, such as flexibility, hydrophobicity, hydrophilicity, and toughness.
- Due to their unique properties, polyetheramines are widely used in composite applications as they provide a critical balance between strength and flexibility.
- Furthermore, polyether amine-based composites are designed to replace wood, metal, and concrete. They are useful in highly demanding applications such as aerospace, automotive parts, and wind turbine blades owing to their lightweight design, high dielectric strength, and high resistance to environmental degradation.
- The automotive industry is one of the major contributors to the composites segment. According to OICA, global automobile production stood at over 85 million units in 2022, approximately 6% more than the previous year.
- Additionally, America's automotive production grew by 10% year on year in 2022. Canada, Mexico, and the United States saw a production increase of 10%, with motor vehicle production reaching 12,28,735 units, 35,09,072 units, and 1,00,60,339 units, respectively. In the South American region, Colombia saw the greatest jump in year-on-year production, reaching 51,455 units, an increase of 26%. Argentina also saw a massive 24% increase, with production reaching 5,36,893 units.
- From an overall perspective, higher production of automobiles in 2022 presented a bigger market for polyetheramines in terms of their usage in their bodies as composites.
- According to the China Association of Automobile Manufacturing (CAAM), the production of new energy vehicles (NEVs) in the country witnessed a year-on-year increase of 96.9 percent in December 2022. Thus, the expanding electric vehicle market is expected to increase the demand for polyetheramine during the forecast period.
- Overall, all such factors are expected to determine the demand for polyetheramine in this application over the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to dominate the market for polyetheramine during the forecast period. In countries like China and India, owing to the increasing demand for wind energy and construction & building applications, the demand for polyetheramine has been increasing in the region.
- Polyetheramine is widely used as an additive in adhesives to adhere to two parts of blades and in composites used in wind turbine blades. A high demand for polyetheramine in wind energy applications will propel its market during the forecast period.
- The Ministry of Housing and Urban-Rural Development predicts that China's construction industry will continue to contribute 6% of the nation's GDP through the year 2025. Keeping in view the given forecasts, the Chinese government unveiled a five-year plan in January 2022 focused on making the construction sector more sustainable and quality-driven. China is planning to increase the construction of prefabricated buildings to reduce pollution and waste from construction sites. Furthermore, the construction industry will be transitioning to modernized practices, which will increase the demand for products like polyetheramine.
- Moreover, the Indian government has been actively boosting housing construction to provide homes to about 1.3 billion people. The country is likely to witness around USD 1.3 trillion of investment in housing over the next six to seven years. It is likely to witness the construction of 60 million new homes in the country, which is a major boosting factor for the market studied.
- Furthermore, according to the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) Japan, in 2022, approximately 859.5 thousand housing starts began in Japan, which represented an increase of 0.4% as compared to the previous year.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for polyetheramine during the forecast period.
Polyetheramine Industry Overview
The polyetheramine market is consolidated in nature. Some of the major players in the market include Huntsman International LLC, BASF SE, Clariant, Dasteck, and Chai-Tai New Materials (Zibo Zhengda Polyurethane Co., Ltd.), among others (in no particular order).
Polyetheramine Market Leaders
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Huntsman International LLC
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BASF SE
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Clariant
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Dasteck
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Chai-Tai New Materials (Zibo Zhengda Polyurethane Co., Ltd.)
*Disclaimer: Major Players sorted in no particular order
Polyetheramine Market News
- 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.
- March 2022: Brenntag entered into a collaboration with BASF SE and became the exclusive distributor for the company's Polyetheramines and Baxxodur portfolio in the United States and Canada.
Polyetheramine Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand from Construction Industry
- 4.1.2 Growing Trend of Eco-friendly and Renewable Energy Generation
- 4.1.3 Other Drivers
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4.2 Restraints
- 4.2.1 Environmental Concern Due to Excessive Use of Polyetheramines
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
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5.1 Type
- 5.1.1 Monoamine
- 5.1.2 Diamine
- 5.1.3 Triamine
-
5.2 Application
- 5.2.1 Polyurea
- 5.2.2 Fuel Additives
- 5.2.3 Composites
- 5.2.4 Epoxy Coatings
- 5.2.5 Adhesives and Sealants
- 5.2.6 Other Applications
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 BASF SE
- 6.4.2 Huntsman International LLC
- 6.4.3 Clariant
- 6.4.4 Dasteck
- 6.4.5 Qingdao IRO Surfactant Co., Ltd.
- 6.4.6 Shanghai Chenhua International Trade Co., Ltd.
- 6.4.7 Chia Tai New Materials (Zibo Zhengda Polyurethane Co. Ltd.)
- 6.4.8 Wuxi Acryl Technology Co. Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Trends Toward Epoxy Composites in the Aerospace Industry
- 7.2 Other Opportunities
Polyetheramine Industry Segmentation
Polyetheramine, commonly known as polyether polyamine, is a form of polyethylene oxide molecule with a primary or secondary amino end cap. Polyetheramine is primarily used as a curing agent and comprises polyether and amine molecules. These amines are used to enhance the properties of end products, such as flexibility, hydrophobicity, hydrophilicity, and toughness.
The polyetheramine market is segmented by type, application, and geography. By type, the market is segmented into monoamine, diamine, and triamine. By application, the market is segmented into polyurea, fuel additives, composites, epoxy coatings, adhesives and sealants, and other applications. The report also covers the market size and forecasts for the polyetheramine market in 15 countries across major regions.
For each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).
| Type | Monoamine | |
| Diamine | ||
| Triamine | ||
| Application | Polyurea | |
| Fuel Additives | ||
| Composites | ||
| Epoxy Coatings | ||
| Adhesives and Sealants | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Polyetheramine Market Research FAQs
How big is the Polyetheramine Market?
The Polyetheramine Market size is expected to reach 320.46 kilotons in 2024 and grow at a CAGR of 9.44% to reach 503.11 kilotons by 2029.
What is the current Polyetheramine Market size?
In 2024, the Polyetheramine Market size is expected to reach 320.46 kilotons.
Who are the key players in Polyetheramine Market?
Huntsman International LLC , BASF SE , Clariant, Dasteck and Chai-Tai New Materials (Zibo Zhengda Polyurethane Co., Ltd.) are the major companies operating in the Polyetheramine Market.
Which is the fastest growing region in Polyetheramine Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Polyetheramine Market?
In 2024, the Asia Pacific accounts for the largest market share in Polyetheramine Market.
What years does this Polyetheramine Market cover, and what was the market size in 2023?
In 2023, the Polyetheramine Market size was estimated at 292.82 kilotons. The report covers the Polyetheramine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polyetheramine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Polyetheramine Industry Report
Statistics for the 2024 Polyetheramine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polyetheramine analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
