Top Drivers for the Global Polyetheramine Market| Technavio

January 28, 2018

LONDON–(BUSINESS WIRE)–#Chemicals—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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