The analysts forecast global polyetheramine market to grow at a CAGR of 9.42% during the period 2018-2022. One trend in the market is growing wind power industry.
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Diamine (a type polyetheramine) is projected to be the fastest-growing segment for the global polyetheramine market during the forecast period.
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Diamine is extensively used in wind turbine blades. The use of polyetheramine-based composites in the wind energy industry is anticipated to boost the growth in the global polyetheramine market during the forecast period.
The growth in the wind energy industry is driven by the demand for greener and eco-friendly products and power solutions. in addition, strict government regulations in many countries are also fostering the industry for wind turbine based power energy to meet the power the supply demands of urbanization.
Major key players in the global polyetheramine market: BASF, DowDuPont, Huntsman International, Qingdao IRO Surfactant, Yangzhou Chenhua New Material, and ZIBO DEXIN LIANBANG CHEMICAL INDUSTRY.
According to the polyetheramine market report, one driver in the market is high adoption of diamine. There are different grades of polyetheramine available, namely monoamine, diamine, and triamine.
Due to the presence of two amine groups, they are highly reactive and are used in various applications. In 2016, in terms of volume, the diamine type segment for the polyetheramines market accounted for the largest market share.
It was followed by the monoamine and triamine segments. Diamines are majorly consumed in epoxy coatings, polyurea, and adhesives and sealants applications.
The major driver for the diamine segment is the increasing consumption of diamines in wind blade composites.
Further, the polyetheramine market report states that one challenge in the market is introduction of greener products. The availability of biodegradable substitutes has been a major challenge for the polyetheramine market.
Many countries in Europe and the Americas have come up with strict fuel emission and environmental regulations. These regulations and standards have increased the demand for efficient and cleaner fuel.
This has also increased the adoption of natural gas and liquid natural gas, which check the level of carbon emission. In addition, the environmental regulations are fostering new innovative techniques dedicated to providing energy efficiency.
These products are the new, better substitutes for polyetheramine.
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Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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