The global polyetheramine market to grow at a CAGR of 9.42% during the period 2018-2022.
Global Polyetheramine Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the 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.
One trend in the market is growing wind power industry. Diamine (a type polyetheramine) is projected to be the fastest-growing segment for the global polyetheramine market during the forecast period. 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.
Further, the 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.