Polyether amines are organic derivatives of ammonia, in which one, two, or all three of the hydrogen of ammonia are replaced by organic groups. These amines have excellent physical and chemical properties and can offer better color and heat stability along with improved oil solubility. The global polyether amine market is expected grow moderately and register a positive CAGR over the forecast period. Some of the protuberant drivers supporting the growth of global polyether amines market are identified as, rising need for crop protection chemicals in emerging economies and high growth in end-use industries across the globe.
Polyether Amine Market- Top 10 Global Key Players and Their Strategy:
IBO DEXIN LIANBANG CHEMICAL INDUSTRY CO., LTD. (China), Yantai Minsheng Chemicals Co., Ltd. (China), Qingdao IRO Surfactant Co., Ltd. (China), Huntsman Corporation (U.S.), BASF SE (Germany), Yangzhou Chenhua New Materials Co., Ltd. (China), Wuxi Acryl Technology Co., Ltd. (China), Clariant (Switzerland), the Aurora Chemical Co. Ltd. (China), Yantai Dasteck Chemicals Co., Ltd. (China) among others are some of the prominent players at the forefront of competition in the Global Polyether Amine Market and are profiled in MRFR Analysis.
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Polyether Amine Market – Intended Audience 2018 to 2023
- Polyether Amine Manufacturers
- Traders and Distributors of Polyether Amine
- Research and Development Institutes
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Industry Competitive Analysis
Growing use and demand of adhesives & sealants in building and construction industry is the major driver of Polyether Amine production globally, which is expected to drive the demand of Polyether Amine. Global composites market is also witnessing a steady rise with an increasing demand from diverse sectors such as aerospace, automotive, construction, miscellaneous industrial usage, and household. The environmental concern regarding use of conventional and polluting sources of power generation is paving way for non-conventional and greener source of energy. As a result, wind energy is gaining popularity owing to its greater power generation efficiency and lower carbon footprint.
This in turn is anticipated to increase the demand of polyether amine in manufacturing composites to be used in wind turbine blades. Excellent hardness, protective cover, and toughness of epoxy coating over the heat-cured powder coatings is favoring its penetration in diverse coating applications such as marine equipment, floors of commercial and industrial buildings, etc. Collectively, an increasing usage of polyether in diverse applications is projected to propel its global market.
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The Global Polyether Amine Market is segmented on the basis of type, application, and region. Based on type, the market is divided into monoamine, diamine, and triamine, wherein damine is leading the overall demand of polyether amine. On the basis application, the Global Polyether Amine Market is segmented into adhesives & sealants, epoxy coatings, curing agent, composites, fuel additive, and others. Geographically the Global Polyether Amine Market is divided into five key regions: Asia Pacific, Europe, North America, Middle East & Africa, and Latin America.
Asia Pacific, North America, Europe, Middle East & Africa, and Latin America are the five key regions in Polyether Amine Market. Among them, Asia Pacific is anticipated to dominate the Global Polyether Amine Market holding 45% of market share as of 2016. The increasing demand of Polyether Amine in the region is driven by growing construction activities undertaken by both government and private players. The developing countries such as China, India, and Japan are investing heavily in construction activities to fuel the demand of adhesives & sealants and coatings, wherein China is a major player with large number of key players in the country.
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Apart from that increasing wind turbine installations in this region is projected to further propel the Polyether Amine Market. Europe tends to occupy a significant share in the Global Polyether Amine Market on account of increasing demand of adhesives, sealants and fuel additives from established automotive and aerospace industries in this region. U.K, Germany, France, and Italy are the major markets in this region. In terms of market size, North America occupies almost an equal share in the Global Polyether Amine Market. U.S is the largest market in this region due to the presence of major end use industries and key players.
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