Ether Amine Market Size, Share, Growth, and Industry Analysis by Type (Poly Ether Amine MW 230, Poly Ether Amine MW 2000, Poly Ether Amine MW 400, and Other) By Application (Epoxy Coating, Polyurea, Shale Gas Fracturing Fluid, and Fuel Additives), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Ether Amine Market REPORT OVERVIEW

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The global ether amine market size was USD 1182 million in 2021 and market is projected to touch USD 2690.23 million by 2031, at a Compound Annual Growth Rate (CAGR) of 8.5% from 2021 to 2031.

A unique class of industrial compounds called ether amines is employed mostly in epoxy systems. Ether Amines, which are used as curing agents, are made when ether and amine react. Ether Amine is created when an amino group interacts with the ether-containing polyether bond. It is primarily employed as an epoxy resin curing agent to create epoxy composites and coatings. It displays exceptional physical qualities such as great toughness, flexibility, hydrophilicity, or hydrophobicity (depending on the product utilized), as well as a range of reactivities, good temperature stabilities, and a low viscosity. It also offers varied reactivities. Between 25 and 100 °C, it has a moderate glass transition temperature range.

They are mostly employed to promote flexibility, toughness, hydrophilicity, or hydrophobicity (depending on the product utilized), and they additionally offer a variety of reactivities, good temperature stabilities, are virtually colorless, and have a low viscosity. These materials have been put to use in a wide range of applications due to their distinctive structures and diverse chemical reactions. These compounds can be used for a wide range of purposes due to their distinctive structures and diverse chemical interactions.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth                        

The COVID-19 outbreak has destroyed the world economy and caused havoc in all industries, especially in the Ether Amines industry. The move has resulted in job losses in this industry, but it is anticipated that this industry will expand once things return to normal and everyone starts working again. Once the industries get back on track and recoup from the pandemic's losses, processes that had previously been halted owing to lockdown measures will be reopened.

LATEST TRENDS

"Fuel Efficient Cars in Automotive Industry to Boost Market Growth"

The automotive industry is putting a lot of effort into creating incredibly fuel-efficient cars while also producing less pollution. To accomplish these goals, gasoline additives are added to the vehicle. Additionally, these substances are added to the fuel to raise its octane. As a result of the increased need for fuel additives, the ether amine market is anticipated to grow. Industries are looking for polyurea coatings to shield metals against corrosion. Growing demand for polyurea coatings, which can endure extremely high temperatures, is anticipated to fuel ether amine market growth over the anticipated period.

Ether Amine Market Segmentation

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• By Type Analysis

As per the type, the market is classified as follows: Poly Ether Amine MW 230, Poly Ether Amine MW 2000, Poly Ether Amine MW 400, and Other. The most popular Ether Amine derivative used in the ether amine market share is polyetheramine. To enhance the qualities of epoxy adhesives and epoxy resin additives, this substance is sometimes referred to as an amino terminated polyether.

• By Application Analysis

Based on application, the market is segmented as follows: Epoxy Coating, Polyurea, Shale Gas Fracturing Fluid, and Fuel Additives. The Polyurea market category has a sizeable ether amino market share and is anticipated to expand more quickly over the forecasted period.

DRIVING FACTORS

"Demand for Ether Amines to Facilitate Market Development"

The growing demand for ether amines in the manufacture of lightweight composites like wind turbine blades is the main reason propelling the growth of the global ether amine market, along with rising concerns about renewable energy sources like wind energy. Furthermore, Ether Amine, which offers the crucial balance between flexibility and strength, is a key component of composites used extensively in the aerospace, automotive, construction, and household sectors. The makers of ether amine face a significant difficulty because bio-based materials for epoxy coatings and organic composites are readily available. This accelerates the expansion of the global ether amine market.

"Application in Various Sectors to Promote Industry Progress"

The main factors driving the growth of the global market are rising worries about renewable energy sources like wind energy and rising ether amine consumption in the manufacture of lightweight composites like wind turbine blades. Furthermore, Ether Amine, which offers the crucial balance between flexibility and strength, is a key component of composites used extensively in the aerospace, automotive, construction, and household sectors.

RESTRAINING FACTORS

"Renewable Energy Sources to Hinder Market Growth"

The manufacturers of ether amine face a formidable threat in the form of readily available bio-based materials for organic composites and epoxy coatings. This accelerates the growth of the global ether amine market even more. However, growing environmental worries about how to dispose of ether acetate and government laws surrounding the health dangers of epoxy coatings, such as skin sensitization, are the main things holding back the expansion of the global ether amine market.

Ether Amine Market REGIONAL INSIGHTS

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"Increase in Demand to Propel Market Progress in Asia"

During the projection period, the Asia region is anticipated to experience the fastest growth rates in terms of both volume and value. The building and construction and wind energy industries are driving up demand for ether amine in this region. India is anticipated to have the quickest rate of ether amine market growth in Asia over the anticipated time frame. Due to the demand for ether amine in composites and adhesives applications, the wind energy industry is responsible for the majority of the growth. The ether amine market is also being driven by the demand for paints, adhesives, and sealants in the construction sector.

KEY MARKET PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Huntsman (U.S.)
• BASF (Germany)
• Zibo Zhengda (China)
• Wuxi Acryl (China)
• Yangzhou Chenhua (China)
• Yantai Minsheng (China)
• Zibo Dexin Lianbang (China)

REPORT COVERAGE

The report covers overall market aspects, including market segmentation based on its type and application. The report depicts a diverse group of participants, including the market and potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.