“Global Polyethyleneimine Market to reach a market value of USD 515.8 Million by 2031 growing at a CAGR of 2.0%”
The Global Polyethyleneimine Market size is expected to reach $515.8 million by 2031, rising at a market growth of 2.0% CAGR during the forecast period. In the year 2023, the market attained a volume of 4,742.2 tonnes experiencing a growth of 16.33% (2020-2023).
The North American region is likely to adopt new technologies and materials, including this chemical, which could explain the remarkable growth rate in the market. Stringent environmental regulations in North America drive the demand for eco-friendly products, including adhesives, sealants, and detergents, where this chemical can be used as a sustainable alternative. Consequently, the North American region would acquire nearly 21% of the total market share by 2031. Also, the US market would utilize 140.3 tonnes of this chemical for Water Treatment applications by 2031.
The increasing demand for PEI in water treatment is driven by its effectiveness as a flocculant and chelating agent. In industrial settings, PEI treats wastewater before it is discharged into the environment. For example, the textile industry produces large volumes of water contaminated with dyes and chemicals. Using PEI as a flocculant helps aggregate the suspended particles, making removing them from the water easier through sedimentation or filtration processes. Hence, the versatility and effectiveness of PEI in addressing diverse water treatment challenges underscore its growing demand.
Additionally, PEI is in high demand in the manufacturing of adhesives and sealants due to its exceptional adhesive properties. Adhesives and sealants are integral components in the automotive industry, serving critical functions in vehicle assembly and maintenance. Thus, PEI's robust adhesive properties, combined with the rising demand for advanced adhesives and sealants across multiple industries, are driving significant market growth.
However, the manufacturing of PEI involves complex chemical processes, including polymerisation and cross-linking reactions, which require specialized equipment and stringent control over reaction conditions. One of the primary challenges in producing PEI is the need for high-purity raw materials. To guarantee the quality and efficacy of the end product, the monomers and catalysts utilized in the polymerisation procedure must adhere to rigorous purity criteria. Hence, the high costs associated with PEI may obstruct the market's growth.
On the basis of application, the market is classified into detergents, adhesives & sealants, water treatment chemicals, cosmetics, paper, coatings, inks & dyes, and others. The detergents segment recorded 22% revenue share in the market in 2023. In terms of volume, the segment registered 1,051.8 tonnes in 2023. In detergent formulations, the use oareenvironmentally friendly components is becoming increasingly prevalent. Attractive for use in eco-friendly detergents, this chemical functions as a binder, dispersant, and anti-redeposition agent in detergent formulations.
Based on type, the market is bifurcated into linear and branched. The linear segment procured 26% revenue share in the market in 2023. In terms of volume, the segment registered 977.4 tonnes in 2023. Pure and consistent, linear PEI is well-suited for applications that demand meticulous property regulation due to its distinctive straight-chain structure.
Free Valuable Insights: Global Polyethyleneimine Market size to reach USD 515.8 Million by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered 52% revenue share in the market in 2023. Several factors have contributed to the expansion of the market in this region. The region's substantial population, swift industrial development, and rising demand for consumer and industrial goods containing this chemical.
Report Attribute | Details |
---|---|
Market size value in 2023 | USD 443.7 Million |
Market size forecast in 2031 | USD 515.8 Million |
Base Year | 2023 |
Historical Period | 2020 to 2022 |
Forecast Period | 2024 to 2031 |
Revenue Growth Rate | CAGR of 2.0% from 2024 to 2031 |
Quantitative Data | Volume in Tonnes, Revenue in USD Billion, CAGR from 2020 to 2031 |
Number of Pages | 287 |
Number of Tables | 570 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
Segments covered | Type, Application, Region |
Country scope |
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Companies Included | BASF SE, Nippon Sheet Glass Co. Ltd., The Dow Chemical Company, Fujifilm Holdings Corporation, Polysciences, Inc., Thermo Fisher Scientific, Tokyo Chemical Industry Co., Ltd., Spectrum Chemical Mfg. Corp., Nanjing Suru Chemical Co., Ltd. and Wuhan Bright Chemical Co. Ltd. |
By Type (Volume, Tonnes, USD Million, 2020-2031)
By Application (Volume, Tonnes, USD Million, 2020-2031)
By Geography (Volume, Tonnes, USD Million, 2020-2031)
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