Increasing investment in the epoxy coating by construction industry is stimulating the growth of the polyetheramine market

The Asia Pacific is expected to lead the global polyetheramine market and this is attributed to the rapid growth in the construction industry in the region. According to the PwC, the Asia Pacific infrastructure market is expected to grow 7 - 8% percent a year over the next decade, reaching US$5.36 trillion a year by 2025 representing 60% of the world total. Moreover, rapid urbanization coupled with the improving standard of living is another key factor propelling the regional growth of the market.

In September 2017, BASF announced its plan to build a new specialty amines plant at its existing wholly-owned site in Nanjing Chemical Industry Park in China. The new multi-product plant can manufacture 21,000 metric tons per year and further extends BASF’s amines portfolio at the specialty amines complex in Nanjing

In March 2019, Huntsman announced that it will demonstrate how it adds value for coatings formulators at the European Coatings Show (ECS) 2019 in Nuremberg, Germany.

Polyetheramine is an abbreviation for polyethylene glycolate. It was introduced in the market in 1960. Polyetheramine was first used in textile industries, but it was not developed as a finished product and so the demand for it was minimal until recently. Today, however, polyetheramine has many uses in different fields. It is used in the oil and gas sector for the development of lubricants in hydraulic fluid, polyurethane lubricants in petroleum, synthetic rubbers in tires and other components, polyester fibers for textile products, polyacrylate parts for airplane cushions and foam inserts, polyacrylate parts for medical devices, polyacrylamide parts for plastic fabrication and even artificial skin in a number of medical applications.

Growing demand for epoxy coating is one of the prime factors driving the growth of the global polyetheramine market. Rapid urbanization due to growing construction activities around the globe is another key factor fostering the growth of the market. Moreover, the rise in the investment in epoxy coatings by the construction industry is again accelerating the growth of the market. For instance, in April 2021, in Qatar, Sika has expanded its production capacity for concrete admixtures and has started manufacturing epoxy resins. This latest investment in expansion in Qatar’s capital, Doha, is supposed to support Sika to continue building its business in this fast-growing region so that it can benefit from the dynamic development in the construction market.