The polyetheramine industry has garnered $1,009.1 million revenue in 2021, and it is projected to rise at the rate of 9.0%, to contribute $2,183.6 billion revenue in 2030. It is led by surging infrastructure development, rising disposable income, increasing R&D expenditure, and growing automotive & transportation, wind energy, and building & renovation industries, led by burst resistance, high durability, fatigue tolerance, and wear & tear resistance.
Numerous applications, including cement additives, and acid neutralization are expected to fuel the demand for polyamines in the near future.
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Epoxy coating category captures the largest industry share, and it is projected to experience faster growth in the coming years. It is led by rising demand for waterborne epoxy coatings, the surging end-use industries, and growing demand for developing nations, such as India and China, including surging infrastructural developments with massive usage of the coatings boost the industry growth.
Additionally, the rising automobile, construction, and healthcare sector more specifically in emerging economies, and the expansion of the security and defense sectors propel the industry. As these products are widely used as military equipment coatings, and boost the requirement for polyurea polyetheramines.
The ongoing developmental projects in the developing countries, led by a burgeoning population, surging individual buying power and increasing FDI, resulting in the growing demand for polyetheramines fuel industry growth.
Moreover, the demand for resins, epoxy coatings, adhesives & sealants, and others in the end-use sectors, fuels the industry growth.
Therefore rising expansion of the construction sector in emerging countries fuels industry growth.
