According to a new report, published by KBV research, 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 trend towards multifunctional and innovative personal care products further fuels the demand for PEI. Consumers seek products that offer multiple benefits, such as conditioning, moisturising, and protective properties, in a single formulation. PEI’s versatility makes it an attractive ingredient for developing such multifunctional products.
The Branched segment led the Global Polyethyleneimine Market by Type in 2023; thereby, achieving a market value of $378.2 Million by 2031. The versatile nature of branched PEI, including its increased branching and higher molecular weight, renders it appropriate for an extensive array of applications, such as coatings, adhesives, and biomedical materials.
The Adhesives & Sealants segment is growing at a CAGR of 1.2 % during the forecast period. Major consumers of sealants and adhesives utilized in bonding and sealing applications are the construction and automotive sectors. As a result of the expansion of these sectors, especially in developing economies, the need for adhesives and sealants has increased, as has the demand for polyethyleneimine, which is a crucial component in their formulations.
Full Report: https://www.kbvresearch.com/polyethyleneimine-market/
The Asia Pacific region dominated the Global Polyethyleneimine Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $266.7 Million by 2031. The North America region is anticipated to grow at a CAGR of 1.7% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 2.3% during (2024 - 2031).
By Type (Volume, Tonnes, USD Million, 2020-2031)
By Application (Volume, Tonnes, USD Million, 2020-2031)
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