Polyether Amine Industry – Overview
Polyether amines are organic derivatives of ammonia, in which one, two, or all three of the hydrogen of ammonia are replaced by organic groups. These amines have excellent physical and chemical properties and can offer better color and heat stability along with improved oil solubility. The global Polyether Amine Industry is expected grow moderately and register a positive CAGR over the forecast period. Some of the protuberant drivers supporting the growth of global polyether amines market are identified as, rising need for crop protection chemicals in emerging economies and high growth in end-use industries across the globe. However, the raw material required for the manufacturing of polyether amines is very high. Additionally, the availability of raw materials for production of polyether amines is also a challenging task for the manufacturers which may restrain these specialty amine market. The usage of polyether amines is accompanied by harmful effects on environment and human health, hence stringent environmental regulations would reduce the consumption and production of amines, which is a threat to this market.
As agriculture sector accounted high contribution to the GDP of the developing economies. There is tremendous opportunity for the polyether amines market with its use as herbicide, insecticide, fungicide in agriculture sector for countries with developing economies. The polyether amines are used by many industries, including for the manufacture of agrochemical, pharmaceutical and water treatment chemical. However, recently a growing trend of use of polyether amines as additives for the manufacture of polyurethane foams, coatings, lubricants and detergents is observed.
In competitive landscape, the report analyses the degree of competition among the industry players as well as industry growth and market scenario. Globally polyether amines market is at a growing stage which represents moderate stats in terms of market value and overall volume. Over the past few years specialty amines market has witnessed moderate demand from industries like agrochemical, water treatment, dye intermediates. Nevertheless, the degree of competition among the market players is still less, owing to limited market players across the globe. Globally market for polyether amines is fragmented in nature and it is moving towards growth expansion by specifically adopting partnership, expansion and joint-venture strategies and product launch strategies.
IBO DEXIN LIANBANG CHEMICAL INDUSTRY CO., LTD. (China), Yantai Minsheng Chemicals Co., Ltd. (China), Qingdao IRO Surfactant Co., Ltd. (China), Huntsman Corporation (U.S.), BASF SE (Germany), Yangzhou Chenhua New Materials Co., Ltd. (China), Wuxi Acryl Technology Co., Ltd. (China), Clariant (Switzerland), the Aurora Chemical Co. Ltd. (China), Yantai Dasteck Chemicals Co., Ltd. (China) among others are some of the prominent players at the forefront of competition in the Global Polyether Amine Industry and are profiled in MRFR Analysis.
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Polyether Amine Industry Regional Analysis
Asia Pacific region accounted largest market share in the global Polyether Amine Industry and expected to dominate during the forecast period due to rising agriculture sector in developing economies, water treatment, adhesives and growing pharmaceutical industry in the region. China being largest consumer, manufacturer and exporter of polyether Amine. Chinese manufacturers are mostly small manufacturers and some of the prominent manufacturers. India is the second largest consumer in Asia Pacific region. Several initiatives taken by Government of India will support the growth of coating industry in India. One of such initiative is 'Make in India'. This initiative is expected to foster growth in Indian anti-reflective coating market by allowing duty rationalization for skill development, feedstock, improving infrastructure and tax incentives for R&D investments. Approval of the GST bill is another key reform which is expected to lower logistics cost by 10-15% and create a unified market across the country. The launch of Single Window Interface for Facilitating Trade (SWIFT) by government would help importers or exporters to file a common integrated declaration, instead of 9 forms across 6 agencies. In addition to this, North America & Europe have witnessed healthy growth in Polyether Amine Industry owing to a growing non-residential repair, renovation and new construction activities in the region.
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