Tag: Sealants

Advancing Industries with Polyetheramine: Exploring the Global Market

The polyetheramine industry has garnered $1,009.1 million revenue in 2021, and it is projected to rise at the rate of 9.0%, to contribute $2,183.6 billion revenue in 2030. It is led by surging infrastructure development, rising disposable income, increasing R&D expenditure, and growing automotive & transportation, wind energy, and building & renovation industries, led by burst resistance, high durability, fatigue tolerance, and wear & tear resistance.

Epoxy coating category captures the largest industry share, and it is projected to experience faster growth in the coming years. It is led by rising demand for waterborne epoxy coatings, the surging end-use industries, and growing demand for developing nations, such as India and China, including surging infrastructural developments with massive usage of the coatings boost the industry growth.

Moreover, adhesives and sealants hold the largest share of industry revenue. It is attributed to the surging consumption of polyamine-based sealants and adhesives, as they offer a strong, flexible elastomeric, and durable elastomeric bond that seals against elements.

Additionally, the fuel additives category captures the largest industry share in the coming years. The significant consumption of polyetheramine, owing to its application to clean injectors, carburettors, and valves in vehicles, as well as its ability to mitigate poisonous fumes.

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Furthermore, the polyurea category captures the largest industry share. It is ascribed to massive coating applications in various areas, including swimming pools, heavy machinery, vehicles, truck beds, wood structures, decorative elements, and polystyrene sculptures, led by their properties such as protection against corrosion and abrasion damage.

The ongoing developmental projects in the developing countries, led by a burgeoning population, surging individual buying power and increasing FDI, resulting in the growing demand for polyetheramines fuel industry growth.

Therefore rising expansion of the construction sector in emerging countries fuels industry growth.

Increasing Demand for Sustainable Building Materials Boosts the Construction Adhesives Market

The size of the construction adhesives market was USD 9,101.5 million in 2021, and the figure is set to rise at a CAGR of 5.3% in the duration of 2021–2030, and to reach USD 14,541.9 million by the end of this decade, as per P&S Intelligence.

This can be credited to the rising construction sector, and snowballing demand for low-VOC adhesives, including water-based adhesives and pressure-sensitive adhesives.In 2021, the acrylic category held the largest revenue share of approximately USD 3,862.3, and this number will surge at a CAGR of 5.7% by the end of this decade. This can be ascribed to the fast development of the construction sector in the MEA and APAC regions. Acrylic adhesives are favorite in the construction industry mainly because of their solid bonding with substrates, outstanding water resistance, and better impact strength.

For example, China presently has a large number of airport building projects in the stage of expansion, including, Chengdu Shuangliu International Airport, Guangzhou Baiyun International Airport, and Beijing Capital International Airport. Furthermore, the Chinese government has publicized key strategies for the relocation of 250 million public to new megacities in the coming ten years.

In 2021, the residential category held the largest revenue share, of approximately 60%, credited to the high-volume utilization of construction adhesives in residential constructions.This can be ascribed to the increasing expenditure in residential construction actions than for commercial and industrial construction. According to an Indian government organization, the ‘Housing for All” scheme is purpose to fetch investments of USD 1.3 trillion in the residential industry by 2025.

In 2021, the APAC construction adhesives market held the largest market share of approximately 45%. This growth can be credited to the growing per-capita income, solid economic development, and increasing construction activity.Furthermore, the growing government investment in infrastructure and growing demand for low-VOC adhesives boost the growth of the market. For example, China is tended to invest approximately USD 13 trillion in the construction industry by 2030.