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Polyetheramine Market Size

Report ID: GMI6704
Published Date: Sep 2023
Report Format: PDF

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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.

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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

Polyetheramine Market Report Attributes
Report Attribute	Details
Base Year:	2022
Polyetheramine Market Size in 2022:	USD 1.1 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	9.3 %
2032 Value Projection:	USD 2.8 billion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	137
Segments covered:	Type, application, region
Growth Drivers:	Growing epoxy coatings market Growing adhesives market Growing fuel additives market
Pitfalls & Challenges:	Raw Material Availability and Costs Competitive Landscape Environmental Concerns

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Polyetheramine industry size was USD 1.1 billion in 2022 and will reach USD 2.8 billion by 2032 due to their widespread usage as curing agents for epoxy resins in coatings, adhesives, and composites industries worldwide.

The epoxy coatings application segment held 35% share of the polyetheramine industry in 2022 and will incur significant growth from 2023-2032 on account of its importance in the development of high-performance coatings, adhesives, and composites.

U.S. polyetheramine industry reached USD 410 million in 2022 and is expected to witness appreciable growth from 2023-2032 owing to the rapidly increasing construction and infrastructure projects in the region.

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., and IRO Group Inc., are some of the major polyetheramine companies worldwide.