Acyclic Polyamines And Their Derivatives And Salts Thereof Market

Global demand for acyclic polyamines and their derivatives and salts is on the rise, with consumption expected to increase over the next eight years. Market performance is forecasted to grow slightly, with a projected volume of 605K tons and a value of $2.9B by 2030. China, the US, and India are the top consumers, while the Netherlands and Bangladesh show significant growth in imports and exports. Production remains relatively stable, with price fluctuations impacting global trade. Significant differences exist in price levels among major importing and exporting countries.

Market Forecast

Driven by rising demand for acyclic polyamines and their derivatives and salts thereof worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.0% for the period from 2022 to 2030, which is projected to bring the market volume to 605K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.2% for the period from 2022 to 2030, which is projected to bring the market value to $2.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Acyclic Polyamines And Their Derivatives And Salts Thereof (Excl. Hexamethylenediamine and Ethylenediamine)

In 2022, after two years of decline, there was growth in consumption of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine), when its volume increased by 1.3% to 561K tons. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak volume of 624K tons. From 2015 to 2022, the growth of the global consumption of (excl. hexamethylenediamine and ethylenediamine) remained at a somewhat lower figure.

The value of the market for acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) worldwide rose significantly to $2.2B in 2022, with an increase of 8.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at $2.3B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (118K tons), the United States (62K tons) and India (56K tons), together accounting for 42% of global consumption. Germany, Japan, Brazil, Italy, Russia, South Korea, Turkey, the Netherlands, South Africa and Spain lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +11.6%), while ethylenediamine) for the other global leaders experienced more modest paces of growth.

In value terms, China ($435M) led the market, alone. The second position in the ranking was taken by India ($208M). It was followed by the United States.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled -1.7%. In the other countries, the average annual rates were as follows: India (+2.3% per year) and the United States (-5.4% per year).

The countries with the highest levels of acyclic polyamines and their derivatives and salts thereof per capita consumption in 2022 were the Netherlands (761 kg per 1000 persons), Germany (385 kg per 1000 persons) and Italy (281 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +11.2%), while ethylenediamine) for the other global leaders experienced more modest paces of growth.

Production

World Production of Acyclic Polyamines And Their Derivatives And Salts Thereof (Excl. Hexamethylenediamine and Ethylenediamine)

In 2022, approx. 572K tons of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) were produced worldwide; remaining stable against the year before. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 1.3% against the previous year. Over the period under review, global production of (excl. hexamethylenediamine and ethylenediamine) attained the maximum volume at 611K tons in 2012; however, from 2013 to 2022, production failed to regain momentum.

In value terms, production of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) rose to $1.9B in 2022 estimated in export price. In general, production, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 6.2% against the previous year. Over the period under review, global production of (excl. hexamethylenediamine and ethylenediamine) hit record highs at $2.3B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (112K tons), the United States (84K tons) and Japan (60K tons), together comprising 45% of global production. Germany, India, Saudi Arabia, the Netherlands, Belgium, Canada, Russia, Hungary, Brazil and South Africa lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of ethylenediamine), amongst the main producing countries, was attained by South Africa (with a CAGR of +5.6%), while ethylenediamine) for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Acyclic Polyamines And Their Derivatives And Salts Thereof (Excl. Hexamethylenediamine and Ethylenediamine)

In 2022, global imports of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) totaled 315K tons, leveling off at 2021 figures. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 8.8%. Over the period under review, global imports of (excl. hexamethylenediamine and ethylenediamine) reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) surged to $1.6B in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports (excl. hexamethylenediamine and ethylenediamine) increased by +79.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, global imports of (excl. hexamethylenediamine and ethylenediamine) hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports By Country

China (37K tons), India (31K tons), the United States (26K tons), Germany (19K tons), Italy (17K tons), the Netherlands (16K tons), South Korea (14K tons), Belgium (12K tons), Spain (11K tons), Brazil (11K tons), Singapore (10K tons) and the United Arab Emirates (8.6K tons) represented roughly 68% of total imports in 2022. Bangladesh (8.4K tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +59.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($213M), the United States ($139M) and India ($118M) were the countries with the highest levels of imports in 2022, together accounting for 30% of global imports. Germany, Bangladesh, Italy, the Netherlands, South Korea, Belgium, Singapore, Brazil, Spain and the United Arab Emirates lagged somewhat behind, together accounting for a further 41%.

Bangladesh, with a CAGR of +79.0%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) amounted to $4,959 per ton, increasing by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($11,232 per ton), while the United Arab Emirates ($2,663 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+12.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Acyclic Polyamines And Their Derivatives And Salts Thereof (Excl. Hexamethylenediamine and Ethylenediamine)

In 2022, shipments abroad of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) decreased by -0.3% to 325K tons for the first time since 2016, thus ending a five-year rising trend. The total export volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. As a result, the exports reached the peak of 326K tons, leveling off in the following year.

In value terms, exports of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) surged to $1.5B in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports (excl. hexamethylenediamine and ethylenediamine) increased by +70.9% against 2018 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. Over the period under review, the global exports of (excl. hexamethylenediamine and ethylenediamine) attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports By Country

The biggest shipments were from the United States (48K tons), Japan (44K tons), Belgium (37K tons), the Netherlands (33K tons), Saudi Arabia (30K tons), China (30K tons), Germany (23K tons) and Canada (19K tons), together finishing at 81% of total export.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +6.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest acyclic polyamines and their derivatives and salts thereof supplying countries worldwide were Japan ($220M), the United States ($206M) and the Netherlands ($191M), together comprising 41% of global exports. China, Saudi Arabia, Belgium, Germany and Canada lagged somewhat behind, together accounting for a further 40%.

Saudi Arabia, with a CAGR of +12.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) stood at $4,603 per ton in 2022, surging by 27% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($5,716 per ton), while Canada ($2,771 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform