LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global polyetheramine market to grow at a CAGR of above 9% during the forecast period, according to their latest report.
This market research report segments the global polyetheramine market into the following four major applications (epoxy coatings, polyurea, adhesives and sealants, and composites) and three major regions (the Americas, APAC, and EMEA).
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In this report, Technavio analysts highlight the following market drivers that are contributing to the growth of the global polyetheramine market:
- Growth in the polyetheramine market in China
- High adoption of diamine
Growth in the polyetheramine market in China
APAC is the leading market for polyetheramine in terms of both value and volume. In APAC, China leads the market for polyetheramine. Some of the factors driving the growth in the polyetheramine market in China are the growing wind power industry in China where high volumes of epoxy resins are used in wind turbine blades, increasing residential building and construction activities, increasing demand for adhesives, sealants and other major applications of polyetheramine, growing consumption of polyetheramine in epoxy coatings applications, and the rising demand for cement additives, acid neutralization, and demulsification in oilfields.
According to a senior analyst at Technavio for specialty chemicals, “The presence of several key players in the manufacturing of polyetheramine in China is aiding the growth of the market. Key players such as Qingdao IRO Surfactant, ZIBO DEXIN LIANBANG CHEMICAL INDUSTRY, Yangzhou Chenhua New Material, Dasteck, Wuxi Honghui New Materials Technology, and Yantai Minsheng Chemicals are expected to drive the market during the forecast period.”
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Global polyetheramine market segmentation
Of the four major applications, the epoxy coatings segment held the largest market share in 2017, accounting for nearly 47% of the market. However, the market share for this application is expected to increase nearly 3% by 2022. It is the fastest growing application in the market.
APAC was the leading region for the global polyetheramine market in 2017, accounting for a market share of 43%. By 2022, APAC is expected to increase its market share by 1%.
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