Polyetheramine Market Analysis by Type (Monoamine, Diamine, Triamine), Application (Polyurea, Epoxy Coatings, Adhesives and Sealants, Composites, Fuel Additives) – Global Industry Outlook, 2030

Market Overview

The global polyetheramine market size was valued at $1,009.1 million in 2021, and it is expected to increase to $2,183.6 million by 2030, advancing at a CAGR of 9.0% during the forecast period. This is ascribed to the rising infrastructure development, surging consumer spending, high R&D expenditure, and its increasing usage in the wind energy, automotive & transportation, and building & renovation industries, due to its exceptional burst resistance, fatigue tolerance, high durability, and wear & tear resistance. Moreover, applications, such as acid neutralization and cement additives, are also projected to contribute to the increasing demand for polyamines.

Epoxy Coatings Contribute the Majority of Revenue

The epoxy coatings category accounted for the largest revenue share in 2021, and it is further expected to grow with a substantial CAGR during the forecast period. This is ascribed to the increasing demand for waterborne epoxy coatings, the growing end-use industries, the surging demand from emerging countries such as China and India, and the rising infrastructural developments where such coatings are highly used. Additionally, the upsurge in the number of local manufacturers in developing economies and the increase in the need for epoxy powder-based coatings, owing to their non-VOC emission properties, are aiding the market expansion.

Moreover, adhesives and sealants contribute significant revenue to the market. This is due to the increasing usage of polyamine-based adhesives and sealants, as these provide a strong, durable, and flexible elastomeric bond that seals against elements; have a large number of transportation, industrial, construction, and healthcare applications; huge production of high-quality adhesives associated with advanced technology; and increase in the need for eco-friendly adhesives.

In addition, the fuel additives category will register significant growth during the forecast period. Polyetheramine is widely used in fuel additives, due to its property to eliminate poisonous fumes from fuel and it is also used for cleaning carburetors, injectors, and valves in vehicles. Moreover, the rising need for fuel additives from the automotive sector, favorable government regulations, and growing consumer awareness regarding carbon emissions, are some other factors responsible for the industry growth in this category.

Furthermore, the polyurea category held a significant revenue share in 2021. This is due to its huge coating application in a variety of areas such as heavy machinery, swimming pools, truck beds, vehicles, wood structures, polystyrene sculptures, and decorative elements, owing to its properties including protection against abrasion and corrosion damage. In addition, the growing construction, automobile, and healthcare industries particularly in developing nations, and the expanding defense and security sector, where such product is used as military equipment coatings, propel the demand for polyurea polyetheramines.

Emerging Economies Drive the Industry Expansion

Emerging economies have a strong need for infrastructure and projects, as a result of the growing population, increasing buying power of individuals, and rising FDI. This leads to the increasing demand for polyetheramines, which are required for construction purposes. Moreover, significant growth in demand for epoxy coatings, resins, adhesives & sealants, and others, from end-use sectors, is catalyzing the industry expansion.

In addition, the surging need for fuel additives, composites, and paints & coatings, along with growing end-use industries, is further expected to boost the polyetheramine market growth in the coming years. Also, rapid developments of new innovative technologies for advanced products in countries such as China and India, which are the major consumers of polyetheramines, are driving the industry.

Majority of Revenue Comes from the Sales of Diamines

The diamine category contributed the largest revenue share in 2021, and it is further expected to grow with a CAGR of over 8% during the forecast period. This is attributed to the increasing usage of diamines in wind blade composites and the surging demand for renewable energy. Moreover, the developing biodegradable diamine chain extenders due to tissue engineering applications, and their rising industrial applications such as polyamides, medicines, agrochemicals, surfactants, and other compounds, are other factors responsible for the highest market size of this category.

With the advent of technology, various industries are investing heavily in R&D to discover innovative processes that require polyamines for manufacturing various products. Moreover, the increasing need for polyetheramines from newer applications in end-use industries is driving the market growth. In addition, features like petroleum-free content and other eco-friendly attributes will also catalyze the development and manufacturing of such products.

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APAC Is Prime Revenue Contributor

The APAC market accounted for the largest revenue share, of around 45%, in 2021, and it is further expected to maintain its position during the forecast period as well, advancing at a substantial CAGR. This is due to the growth in population, rapid industrialization, surge in demand for renewable energy, improvement in consumer spending, infrastructure development, better availability of raw materials, and availability of skilled and cheap labor, in the region.

Moreover, the rising trend of the European and American companies shifting their production facilities to developing countries such as China and India, will further augment the market growth.

• China generates a noteworthy revenue in the regional market, owing to the huge manufacturing units, growing chemical industry, and strong consumer base associated with rising consumer spending, in the country.

The North American polyetheramine market contributed significant revenue in 2021 and is expected to grow with a noteworthy CAGR during 2021–2030. This is attributed to the technological advancements in the coatings industry, the upsurge in the demand for renewable energy, and the rise in the need for construction solutions for infrastructure advancement, in the region.

• The U.S. is the prime revenue contributor to the regional market, owing to the high demand for maintenance of residential and commercial buildings, the surging need for paints and coatings, and the increasing usage of composites for vehicle and equipment applications, in the nation.

Europe held the third-largest market share in 2021 and is expected to maintain its position during the forecast period as well. This is due to the growing need for polyetheramines to enhance flexibility, toughness, hydrophilicity, and hydrophobicity of end products; and the surging demand for epoxy coatings, due to their usages in several industries, such as paint, automotive, construction, and electrical and electronics.

• Germany contributes the majority of revenue to the regional market. This is ascribed to the well-established automobile sector and the growing chemical and medical industries in the country.

Key Players in the Polyetheramine Market Are:

• Huntsman Corporation
• BASF SE
• Yantai Kaisheng Environmental Technology Co. Ltd.
• Yangzhou Chenhua New Material Co. Ltd.
• Qingdao IRO Surfactant Co. Ltd.
• Wuxi Acryl Technology Co. Ltd.
• Clariant AG
• IRO Group Inc.

Market Size Breakdown by Segment

The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

Based on Type

• Monoamine
• Diamine
• Triamine 

Based on Application

• Polyurea
• Epoxy Coatings
• Adhesives and Sealants
• Composites
• Fuel Additives 

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa