The global polyetheramine market is likely to exceed USD 790 million by 2019. This is mainly credited to robust demand from Southeast Asian countries. Emerging economies are experiencing an increase in industrial manufacturing, burgeoning population and higher domestic production.
Polyetheramine is colorless and contains compounds that increase toughness, hydrophilicity, flexibility, etc. It is used to make polyamides, epoxy curing for coating, and polyurea and is used as a fuel additive for cleaning carburetors, valves, and injectors.
Automotive, paints & coatings and construction are the main end-use industries of polyetheramine. Therefore a boom in these sectors triggers lucrative opportunities in polyetheramine market. The coating industry is foreseen to be the main driver of polyetheramine demand. Growth of sealants, adhesives, and sealants should also have a favorable effect on market consumption.
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Research & development of novel products that possess better reactive properties and are environmentally-sustainable would be a key focus area for manufacturers of this chemical. Vendors, research agencies, and end-users are making huge investments for developing technologically-superior variants to cater to the new consumer demands. This is likely to propel market growth.
Epoxy coating is the dominant application of polyetheramine, accounting for over 54% of the total volumes in 2013. This chemical is used as a curing agent in epoxy resins for the manufacture of adhesive & sealants, coatings, composites, etc. Polyurea and fuel additives are the other high-growth applications in the coming years.
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North America, Asia, and Europe are the important regional markets for polyetheramine. The US is the main contributor to North America revenues. Japan and China are major markets in Asia. Germany holds a prime position in Europe.
Asia dominates in terms of volumes and revenues. Several large manufacturers are expanding their production capacities in this region to cater to the high demand. Epoxy coatings and composite applications would be the main application segments in Asia. Europe is the second-largest regional segment.
Prominent players in the global polyetheramine market are IRO Group Inc., Wuxi Acryl Technology Co., BASF SE, Yantai Minsheng Chemicals Co. Ltd., Huntsman Corporation, Yangzhou Chenhua New Materials Co. Ltd., Yantai Dasteck Chemicals Co. Ltd., and Clariant Inc.
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