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Global Polyetheramine Market to Reach USD 786.09 Mn by 2019: MarketsandMarkets

Published on 2014-11-24. Author : SpecialChem

The report “Polyetheramine Market by Application (Epoxy Coating, Polyurea, Adhesives & Sealants, Composites, Fuel Additives, and Others) & by Region (North America, Europe, Asia-Pacific, & RoW) - Trends and Forecasts to 2019”, report analyzes the global polyetheramine market with respect to market drivers, opportunities, and trends in different regions.

The polyetheramine applications are significantly penetrating the end-user industry markets. They have different characteristics as per their manufacturing and application requirements in the end products. The Asia-Pacific region is expected to dominate the global market with its growing demand for polyetheramine in different application segments, especially the Epoxy coatings & composites applications. The Asia-Pacific market is estimated to grow at the highest CAGR in the next five years, with the allied industries expected to boost the overall business need in the respective regions.

R&D is expected to be a key part of the polyetheramine market as newer products with better reactive properties which are eco-friendly in nature, can be the vital drivers of the market. Manufacturing companies, research associations, and end-product manufacturers need to infuse high investments for future advancements and technology modifications of polyetheramine to match the new demands coming from various end-user industries.

Asia-Pacific is the largest region, both in terms of volume and value, followed by Europe and North America. India, Russia, Brazil, and South East Asian countries are expected to continue as successful markets. The key players in the global polyetheramine market are Huntsman Corporation (U.S.), BASF SE (Germany), Yangzhou Chenhua New Materials Co., Ltd (China), Clariant (Switzerland), Wuxi Acryl Technology Co., Ltd. (China), Yantai Minsheng Chemicals Co., Ltd. (China), Yantai Dasteck Chemicals Co., Ltd. (China), Zibo Dexin Lianbang Chemical Industry Co., Ltd. (China), and IRO Group Inc. (China).

The emerging Southeast Asian nations that host the global events related to chemical industry would supplement the growth of polyetheramine market. An improved growth in industrial manufacturing, local end-user production, and increasing population in the emerging economies are expected to drive the consumption of polyetheramine. Also, the key exporters besides the players in China to these countries, mainly, the important global manufacturers, such as Huntsman Corporation & BASF SE have been expanding their capacities of polyetheramine in the recent past. It depicts the rising demand from Southeast Asia as well as China and India in the Asia-Pacific region.

The polyetheramine demand, in terms of value and volume, depicts the current and future projections, according to the parallel economic and industry outlook. This analysis covers important developments, expansions, agreements, and partnerships of the leading global companies.

The global polyetheramine market was estimated to be is $456.47 million in 2013, and is projected to reach $786.09 million by 2019, expected to grow at a CAGR of 9.5% between 2014 and 2019. The high demand across the industries, such as Epoxy coatings, polyurea, and composites is expected to increase the overall polyetheramine consumption.

About MarketsandMarkets
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. It specializes in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Its 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

Source: MarketsandMarkets 

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