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Polyetheramine Market to have Good Business Opportunities in the Coming Years

Author : Rahul Varpe | Published Date : 2019-03-26 

The polyetheramine market globally has been segmented on the basis of application as -  adhesives, sealants, polyuria, epoxy coating and composites. Polyetheramine’s wide range of properties tend to drive the growth of the market. From the numerous applications of polyetheramine, a major share was apprehended in 2015 in the global market. In terms of volume and value, epoxy coating segment was highly valued in 2015.
 
It is projected to grow at a CAGR of over 10% in value terms during the forecasted timespan. On the basis of region, polyetheramine market can be segmented into Latin America, North America, Western Europe, Eastern Europe, Asia Pacific, Africa and Middle East and Japan.

The polyetheramine market finds application in sealants, engineering compositions and hot melt adhesives as it has long pot life. It contains compounds such as the polyether and amine moieties that are majorly used for increasing the hydrophobicity, hydrophilicity, flexibility and toughness. It is also used as a fuel additive in the cleaning of carburetors, injectors and valves. Products of polyetheramine are also used widely in coating and paints industries, construction industry and automotives. 

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The durable coatings and epoxy coatings are used for an array of purposes such as coating for floors and metals, strong adhesives and durable paints. Also, to avoid quick loss of moisture in fresh concrete, it is used to seal the surface of concrete. Moreover, some of the other uses of polyetheramine are acid neutralization, demulsification of oilfields and cement additives.
 
The polyetheramine market globally was valued over USD 660 million approximately in the year 2015, and is estimated to grow at a rate over 9% CAGR during the forecasted timespan. Taking into consideration the volumes, a major share was accounted for by the Asia-Pacific in the polyetheramine market globally in the year 2015.

The primary reason behind this market growth is the rising demand of the product in countries such as Thailand, Malaysia, Indonesia and India. The region of Asia Pacific is anticipated to be the fastest growing market during the forecast period for polyetheramine. This rising demand is due to the rise in need for applications of end-users such as the agriculture, construction, automobile, adhesives, sealants, paints and coatings. The developed economies of United Kingdom and United States are gradually on the road to recovery from the sluggish economic conditions and improving the demand for polyetheramines in the market.

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The Polyetheramine Market size is expected to witness an exponential reach over the estimated timeframe. The market is estimated to grow at a high CAGR in the forecasted period. Polyetheramine is colorless in nature and is used as a curing agent.

The polyetheramine market globally is determined by its wide range of applications in end user industries such as the adhesive, ink, sealants, elastomer, resin and coating industry to name a few. Polyetheramine is mainly used in the coating industry for manufacturing of epoxy, polyuria and polyamides. Epoxy coatings are used in the fiber glasses, carbon fibers and many other composite materials.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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