Polyetheramine Market to expand with the increasing demand for Wind Power
Posted by rohan on October 21st, 2019
The global polyetheramine market is predicted to value at US$ 1.2 billion by 2023, with a compound annual rate of 9.3% from 2018 to 2023.
In April 2016, BASF SE opened a new amines plant specialized in Nanjing Chemical Industry Park, China. This plant is the first specialized amines plant in the Asia-Pacific region. With this expansion, the company has responded to the growing demand for PEA in personal care, construction, wind energy and coatings.
In May 2016, BASF SE partnered with the Lumar Group (Spain) to particular market amines for the metal and liquid lubricant industries in Europe. This association has added additional marketing information to the BASF marketing team.
In May 2015, Huntsman Corporation announced that it had expanded its chemical plant in Conroe by investing between $ 25 million and $ 30 million. This development will increase production and capacity and create new jobs at Conroe and The Woodlands.
Market Drivers and Restraints:
Growth of the wind sector, growth of construction industry, versatility and unique physical properties are propelling the global market. The increasing importance of epoxy-type rubber compositions cured with polyetheramine improves the properties of coating solutions. Incorrect UV/VIS reaction is the major challenge of epoxy acid coatings. Product development on a biological basis will enhance demand for this business.
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Report segmented as
Depending on the region, the global polyetheramine market is divided into Asia-Pacific, North America, Europe, Latin America, and Middle East and Africa. The main countries to which this report refers are the United States, Canada, Germany, France, the United Kingdom, the Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, South Africa and Brazil. In 2017, the Asia-Pacific region has dominated the world market.
Important Market Players:
Amongst the main companies in the polyetheramine market are Huntsman International LLC, BASF SE, Clariant, Yangzhou Chenhua, New Materials Co., Ltd., Wuxi Acryl Technology Co., Ltd., Yantai Dasteck Chemicals Co., Ltd., Zibo Dexin Lianbang, Chemical Industry Co., Ltd., Aurora Chemical Co. Ltd., and many others.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the Authorrohan
Joined: September 20th, 2017
Articles Posted: 1,346
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