When reading about construction or industrial-grade adhesives, one is likely to come across the word ‘epoxy’. This is because epoxy resins are used to manufacture a wide range of practical and aesthetic products, such as surface coatings (including paints and floor coatings), structural adhesives and sealants (for metallic, wooden, and glass surfaces), and even industrial castings, tools, and molds. Other fascinating applications of epoxy resins are electrical insulation, wind turbines, oil & gas exploration, marine repairs, and aerospace and automotive manufacturing.
According to P&S Intelligence, the wide application base of epoxy resins, where the demand for such materials is only rising, will be a key factor driving the market for polyetheramine in the years to come. This is because polyetheramine is widely used as a curing agent to modify and improve the functional characteristics of epoxy-resin-containing coatings and adhesives. One of the most significant sectors that use epoxy materials is construction. Here, epoxy coatings are widely applied to concrete floors and slabs and mixed in outdoor coatings for a glossy, smooth, and high-performance finish and scratch resistance.
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Another application of polyetheramine that has now become quite important is wind turbines, where the compound is used as an additive in the adhesives required to bond the turbine blades and composites. As per the International Energy Agency (IEA), 52 Gigawatts (GW) of wind power capacity was added around the world in 2018, which had been expected to further increase to 65 GW in 2020, despite the COVID-19-related restrictions. Additionally, “For 2021, the forecast assumes a further acceleration of wind additions to 68 GW (7.3 GW offshore).”, says the IEA.
Due to the expansion in the industries that require this material on its own or in other products, Asia-Pacific (APAC) is likely to be the largest polyetheramine market in the years to come. APAC is already home to the largest construction sector in the world owing to its massive population, which continues to grow. As a result, the demand for paints and coatings and adhesives and sealants, especially those containing epoxy resins, is perpetually high here. Another key polyetheramine end-use industry that is witnessing non-stop growth in the region is automotive, China, Japan, and India being some of the largest vehicle producers on earth.
Hence, as the construction and automotive sectors expand across the world, so will the demand for polyetheramine.
Read More: https://www.psmarketresearch.com/market-analysis/polyetheramine-market
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