POLYETHYLENEIMINE MARKET ANALYSIS

Polyethyleneimine MarketSize and Trends

The global polyethyleneimine market was valued at US$ 418.9 Mn in 2022 exhibiting a CAGR of 3.1% in terms of revenue over the forecast period (2023 to 2030) to reach US$ 536.8 Mn by 2030. The term polyethyleneimine is also known as polyaziridine. Polyethyleneimines consist of a repeating unit with a cyclic amine group and two aliphatic carbon CH₂CH₂  spacers. Linear polyethyleneimines have all secondary amine groups, while branched polyethyleneimines contain primary amino groups.

Figure 1: Global Polyethyleneimine Market, By Type, 2022

Global Polyethyleneimine Market - Trends

• Increasing demand from construction industry and rise in construction activities

Increasing demand from the construction industry and a rise in construction activities are expected to be trends in the market. As per the statistics provided by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, privately owned residential units authorized by building permits were at a seasonally adjusted annual rate of 1,873,000 in December 2021. Single-family permits were granted at a rate of 1,128,000 per year. Unit authorizations in structures with five or more units were at an annual rate of 675,000. Building permits approved an expected 1,724,700 housing units in 2021. This number was 17.2% higher than the 2021 forecast of 1,471,100.

• Penetration of electric vehicle

The penetration of electric vehicles is expected to boost market growth. According to International Energy Agency, in 2030, global electric vehicle sales are expected to reach 125 million as per the New Policies Scenario (excluding two- and three-wheelers). In the EV30@30 Scenario, in 2030, around 70% of the vehicle sales in China are expected to be EVs.

Figure 2: Global Polyethyleneimine Market, By Region, 2022