The global polyethyleneimine market has been witnessing significant growth over the past few years owing to the increasing demand from various end-use industries such as water treatment, mining, paper manufacturing, and others. Polyethyleneimine is a polymer with numerous amine functional groups and is commonly used as a coagulant in water and wastewater treatment processes. It helps in removing suspended solids, bacteria, and other contaminants from water. The rising concerns towards clean drinking water and stringent wastewater disposal regulations across countries are propelling the consumption of polyethyleneimine.
The Global polyethyleneimine market is estimated to be valued at US$ 240 million in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024.
Key Takeaways
Key players operating in the polyethyleneimine market are BASF SE, Nippon Shokubai Co., Ltd., Wuhan Qianglong Chemical Co., Ltd., Advansix Inc., and Prime Chemicals & Materials, Inc.
The rising population and rapid urbanization have increased the demand for clean water, which is creating lucrative growth opportunities for players in the global market.
Stringent environmental regulations regarding wastewater disposal in countries such as China, India, Japan, and Brazil are further fueling the expansion of the polyethyleneimine market.
Market drivers
The increasing applications of Polyethyleneimine Market Growth as a coagulant aid and strength agent in the paper industry is one of the major drivers of the market. It allows improved retention and drainage during the papermaking process.
The growing construction activities across the globe have increased the cement production which is boosting the consumption of polyethyleneimine as a grinding aid and plasticizer in cement.
PEST Analysis
Political: PEI applications are facing challenges due to stringent environmental regulations in various regions regarding disposal of industrial waste containing PEI.
Economic: The global GDP growth and rise in construction spending is positively impacting the consumption of PEI in water treatment chemicals applications.
Social: Growing awareness about water treatment and sanitation across developing nations is driving the demand for PEI from municipal and industrial water treatment end-users.
Technological: Research on developing bio-based and biodegradable PEI variants can help reduce environmental footprint of the chemical. Companies are also working on enhancing the functionality of PEI through advanced production techniques.
The Asia Pacific region currently dominates the global PEI market in terms of value share. Factors such as rapid industrialization, growth of water intensive industries and rising focus on wastewater treatment infra development in China, India and other Asian countries are propelling the APAC PEI demand.
North America is identified as the fastest growing regional market for PEI globally. This can be attributed to increasing shale gas exploration activities requiring large volumes of PEI-based drilling fluids in the region. Additionally, strict environmental mandates regarding wastewater management of municipal as well as industrial facilities are supporting the product adoption across the United States and copyright.
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