Increasing Application of Polyether Amines as Adhesives & Sealants is anticipated to Propel Growth of the Global Polyether Amine Market

Pune, India, September 13, 2017 /MRFR Press Release/- Market Research Future published a Half Cooked Research Report on Global Polyether Amine Market.

Market Overview:

Polyether Amine consist of primary amino groups attached to the end of polyether backbone, which is normally based on propylene oxide, methylene oxide or mixture of both. Polyether Amines find their applications in diverse industries including building & construction, automotive, aerospace, paints & coatings, and polymer & plastic industry. It exhibits greater flexibility, toughness and low viscosity. Apart from this, it is can be hydrophobic or hydrophilic depending upon the needs of end product. Increasing demand of Adhesives & Sealants in building and construction, automobile, aerospace and other industrial use is fueling the demand of polyether amine. Global Wind Turbine Composite Market is estimated to reach ~USD 14 billion till 2023 at CAGR of 9%, on account of increasing installed capacity in both developed and developing countries. There is an increasing demand of epoxy coatings due to greater hardness and toughness conferred by this type of coatings, which is expected to drive growth of the Global Polyether Amine Market.

Competitive Analysis:

Key players in the Global Polyether Amine Market are ZIBO 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), and others.

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Market Segmentation:

The Global Polyether Amine Market is segmented on the basis of type, application, and region. On the basis type, the market is divided into monoamine polyether amine (MAPEA), diamine polyether amine (DAPEA), and triamine polyether amine (TAPEA). Among them DAPEA is holding a major share of the overall demand of polyether amine.  It provides tough, clear and impact resistant casting, adhesives and coatings. DAPEA also find its uses in hot melt adhesives when reacts with carboxylic acid, used as co-curing agent in epoxy system to increase its flexibility and strength, and as polymer flexibilizers.  Apart from this DAPEA is used in manufacturing major adhesives such as polyurethane adhesives, polyureas, and thermoplastic adhesives which are widely use in a wide array of application. Collectively, the vast number of applications of DAPEA is responsible for its higher demand over the other Polyether Amines.  TAPEA is also an important type of polyether amine after DAPEA. TAPEA can be used for modification of thermoplastic polymer and adhesives in epoxy system. It helps in improving the flexibility and peel strength of polymer based adhesives and epoxy coatings. Lastly, MAPEA is primary or a primitive type of polyether amine. It is relatively hydrophobic and corrosion resistant, as a result of which, it is mainly used in coating and adhesion of water borne materials. Apart from this, it is used as an emulsifier and floating agent in chemicals and fertilizers industry.

Based on applications, the Global Polyether Amine is segmented into adhesives & sealants, epoxy coatings, curing agent, composites, fuel additive, and others, wherein use of polyether amine in manufacturing and modification of adhesives and sealants is growing all over the world.  In coming years, growing building & construction industry is fetching major share of demand of Polyether Amine based adhesives, sealants and coatings. Epoxy coating is gaining popularity around the world in both commercial and residential buildings. It provides greater toughness and hardness of protective cover as compared to its powder based counterpart. Global Curing Agents Market is estimated to grow at CAGR of ~7% on account of increased demand of high polymers. This is expected to fuel the demand of polyether amine. Moreover, the Global Composite Market is rapidly growing at considerable CAGR, wherein the wind turbine composite market is estimated to reach ~USD 14 billion by the end of 2023. This, in turn, is projected to fuel demand of the Polyether Amine during the forecast period.

Regional Analysis

Geographically, there are five key regions in which the Global Polyether Amine Market is segmented. It includes, Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Among them, Asia Pacific is the largest region in the Global Polyether Amine Market. China, India, and Japan are the leading markets in this region on account of the presence of major key players and end use industries such as building and constriction, and chemicals industry. It accounted for 45% of market share as of 2016. Apart from that, the region is increasingly harnessing the wind energy with rapid installation of wind turbines. This is projected to propel demand of the Polyether Amine in the regional market. Europe is the second most significant region in the Global Polyether Amine Market. Countries namely U.K, Germany, France, and Italy are leading the market in this region on account of an increasing demand of adhesives, sealants and fuel additives from established automotive and aerospace industries in this region. North America is closely following Europe, in terms of the market size, in the Global Polyether Amine Market. U.S is the major market in this region due to the presence of leading end use industries such as aerospace, defense and marine and also due to the presence of major market players. Latin America is growing at significant CAGR in the Global Polyether Amine Market with an increasing demand from emerging end use industries and recovering economic scenario. Lastly, the demand of Polyether Amine in Middle East & African countries is increasing due to growing end use industries such as building & construction and sports industry. Thus, demand of polyether amine for manufacturing adhesives, sealants and coatings, along with its use as a fuel additive is projected to drive the growth of regional market during the forecast period.

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