New York, USA, July 26, 2024 (GLOBE NEWSWIRE) — Market Overview:
The global polyethyleneimine market size is predicted to grow from USD 426.92 million in 2023 to USD 543.55 million by 2032. It is anticipated to grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2032, according to the latest research report by Polaris Market Research.
Market Introduction:
What is Polyethyleneimine?
Polyethyleneimine is a polymer with elevated cationic charge solidity, rendering it treasured in several chemical procedures and end-use applications. Its principal applications involve water treatment, binders, detergents, and paper-making. In water treatment, PEI is utilized as a flocculant and coagulant because of its capacity to secure with negatively charged pollutants, improving cleansing efficacy. Further, in adhesive sectors, PEI’s sturdy bonding potential enhances adhesive presentation in both industrial and consumer commodities.
The polyethyleneimine market is witnessing substantial demand owing to the growing demand for unblemished and secure water has reinforced the usage of PEI in water treatment procedures, especially in regions encountering water dearth and contamination provocations. As environmental directives become stringent globally, the requirement for productive water treatment chemicals is anticipated to surge further, pushing the PEI market.
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Polyethyleneimine Market Report Attributes
| Report Attributes | Details |
| Market value in 2023 | USD 426.92 million |
| Market value in 2032 | USD 543.55 million |
| CAGR | 2.7% from 2024-2032 |
| Base year | 2023 |
| Historical data | 2019-2022 |
| Forecast period | 2024-2032 |
Key Highlights of the Report:
- Various elements, such as the development of the adhesives industry propelled by growing demand for weightless and long-lasting substances in automotive and construction sectors, improve PEI’s market likelihood.
- The market is primarily segmented based on type, application, and region.
- North America dominated the market with the largest polyethyleneimine market share.
Polyethyleneimine Market Key Players:
- Arkema S.A. (France)
- Avient Corp. (US)
- BASF SE (Germany)
- Borealis AG (Austria)
- Exxon Mobil Corp. (US)
- FUJIFILM Holdings Corp. (Japan)
- LEAP CHEM Co. Ltd. (China)
- Nippon Shokubai Co. Ltd. (Japan)
- Polysciences Inc. (US)
- RTP Co (US)
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Top Market Developments:
Growth Drivers and Trends:
- Innovation in Application Procedures: Progression in manufacturing of PEI causing economical production procedures and enhanced commodity standards are disposed to drive market growth. Furthermore, inventions in application procedures and creations are also augmenting PEI’s advantage covering contemporary industrial realm.
- Growing Demand for Personal Care: Growing demand for self-aid commodities in which polyethyleneimine is estimated in the personal care industry for its multiuse attributes involving its capacity to enhance the working of skincare and haircare compositions supports the polyethyleneimine market growth.
- Escalating Population: The surging population is pushing the demand for numerous commodities, particularly food and water, which will generate demand for polyethyleneimine. According to the United Nations Children’s Funds (UNCF), approximately 700 million people globally will develop water deficiencies by 2023, while 50% of the worldwide population is designed to list water deficiency by 2030.
Challenges:
- Limited Reprocessing Efficacy: The restricted reprocessing efficacy of polyethyleneimine is disposed to restrict its usage in the time to come. This is propelled by escalating government inventiveness and approach to lessen environmental contamination and decrease thermoplastics involving polyethyleneimine.
- Which Region Leads the Polyethyleneimine Sector?
- North America: The North America region dominated the polyethyleneimine industry with the largest revenue share. The region’s dominance in the market can be attributed to escalated packaged foods among the countries, essentially the U.S. and Canada. As per the statistics produced by the Government of Canada, retail sales of packaged food commodities extended to 77.6 billion in 2023.
- Asia Pacific: Asia Pacific is anticipated to witness the fastest growth in the polyethyleneimine market over the estimated period. This is due to escalating disposable income, which is pushing demand for personal care commodities and packaging instruments.
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Segmental Overview:
By Type Outlook:
- Linear
- Branched
By Application Outlook:
- Detergents
- Adhesives and Sealants
- Water Treatment Chemicals
- Cosmetics
- Coatings
- Paper
- Textiles
- Films
- Inks and Dyes
- Other Applications
By Region Outlook:
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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About Polaris Market Research:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.
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