Poly Ether Amine Market By Type (Monoamine, Diamine, Triamine, Others), By Application (Polyurea, Adhesives and Sealants, Composites, Epoxy Coatings, Fuel Additives, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2030
Poly Ether Amine Market
The poly ether amine market was valued at $1.2 billion in 2023 and is projected to reach $2.2 billion by 2030, growing at a CAGR of 8.6% from 2024 to 2030.
Poly ether amine is an aliphatic organic compound having multiple ether groups (-O-) separated by alkylene chains (-CH2-). The major properties of the compound include excellent adhesion, high reactivity, flexibility, and thermal stability. In addition, the compound possesses low viscosity along with the ability to cure at room temperature, which makes it ideal for formulations that require fast processing times. Poly ether amine is essential in various industries, including adhesives, sealants, coatings, and fuel additives.
Continual demand from several end-use industries such as automotive, aerospace, and construction is a major driver for the poly ether amine market. In addition, rise in inclination toward sustainability is promoting investments in R&D to develop eco-friendly and bio-based poly ether amines. This is anticipated to enhance the applicability of the compound in the future. Furthermore, the usage of poly ether amines for the development of cutting-edge 3D printing materials is acquiring traction due to their reliable mechanical properties and high chemical resistance.
However, high volatility in the prices of raw materials, such as propylene oxide and ethylene oxide, used to synthesize poly ether amines acts as a major restraint for the development of the market. The volatility is attributed to constant changes in the global economic conditions and varying policies of the Organization of the Petroleum Exporting Countries. On the contrary, boost in popularity of wind energy is presenting new avenues for the expansion of the market as poly ether amine is a crucial component for the construction of durable and high-performance wind turbine blades. According to the estimates of the International Renewable Energy Agency, Asia generated around 508.45 GW of wind energy in 2023. The agency further predicts that several wind projects are projected to be completed between 2024 and 2029. This surge in production of wind energy indicates a promising future for the poly ether amine market.
Segment ReviewThe poly ether amine market is segmented into type, application, and region. On the basis of type, the market is divided into monoamine, diamine, triamine, and others. By application, it is categorized into polyurea, adhesives & sealants, composites, epoxy coatings, fuel additives, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the monoamine segment held the highest market share in 2023.
By application, the polyurea segment acquired high stakes in 2023.
Region wise, Asia-Pacific was the highest revenue generator in 2023.
Competition AnalysisThe major players operating in the global poly ether amine market include BASF SE, Huntsman International LLC., CLARIANT, Yangzhou Chenhua New Materials Co., Ltd., Qingdao IRO Surfactant Co., Ltd., 3N Composites, Actylis, Merck KGaA, Wuxi Acryl Technology Co. Ltd, and Yantai Dasteck Chemicals Co., Ltd. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.
Key Market SegmentsBy TypeMonoamine
Diamine
Triamine
Others
By ApplicationPolyurea
Adhesives and Sealants
Composites
Epoxy Coatings
Fuel Additives
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
Key Market Players
BASF SE
Huntsman International LLC.
Yangzhou Chenhua New Materials Co., Ltd;
Qingdao IRO Surfactant Co., Ltd.
3N Composites
Actylis
Merck KGaA
Wuxi Acryl Technology Co. Ltd
Yantai Dasteck Chemicals Co., Ltd.
Clariant AG