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.
In addition, the growing hold of local manufacturers in emerging countries, and the surging requirement for epoxy powder-based coatings, led by their non-VOC emission properties, results in industry expansion.
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Furthermore, they are utilized in various sectors, such as industrial, transportation, healthcare, and construction. The advanced quality led to high-quality adhesives, and the rising requirement for eco-friendly adhesives propel the industry growth.
In addition, the increasing requirement for fuel additives in the automotive sector, rising awareness of carbon emissions, and favourable government regulations propel 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.
Moreover, the demand for resins, epoxy coatings, adhesives & sealants, and others in the end-use sectors, fuels the industry growth.