Aromatic Polyamines Market

The article provides a comprehensive analysis of the global market for aromatic polyamines and their derivatives, salts thereof. It covers consumption trends, production figures, import and export statistics, as well as growth projections for the market. Key insights include the expected upward consumption trend over the next eight years, with market volume projected to reach 999K tons by 2030. The value of the market is forecasted to increase to $8.4B by the end of 2030. The article also highlights the top consuming countries, production trends, import and export data, and key players in the market.

Market Forecast

Driven by increasing demand for aromatic polyamines and their derivatives, salts thereof worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 999K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $8.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Aromatic Polyamines And Their Derivatives, Salts Thereof

In 2022, consumption of aromatic polyamines and their derivatives, salts thereof increased by 1.3% to 804K tons, rising for the second consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, global consumption hit record highs at 853K tons in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

The global aromatic polyamines market value rose rapidly to $5.6B in 2022, increasing by 5.9% 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). The market value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs at $5.6B in 2018; afterwards, it flattened through to 2022.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (126K tons), the United States (103K tons) and India (70K tons), together accounting for 37% of global consumption. Germany, Russia, Japan, Turkey, France, Mexico, Nigeria, Thailand, Brazil and Spain lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Turkey (with a CAGR of +7.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest aromatic polyamines markets worldwide were the United States ($560M), China ($488M) and India ($458M), together comprising 27% of the global market. France, Russia, Germany, Mexico, Japan, Turkey, Nigeria, Thailand, Spain and Brazil lagged somewhat behind, together comprising a further 33%.

Thailand, with a CAGR of +9.8%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of aromatic polyamines per capita consumption in 2022 were Germany (536 kg per 1000 persons), Turkey (338 kg per 1000 persons) and the United States (309 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the United States (with a CAGR of +6.3%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Aromatic Polyamines And Their Derivatives, Salts Thereof

In 2022, approx. 807K tons of aromatic polyamines and their derivatives, salts thereof were produced worldwide; remaining constant against the year before. The total output volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. Global production peaked at 862K tons in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In value terms, aromatic polyamines production dropped to $4.9B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 18% against the previous year. Global production peaked at $5.2B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (297K tons) remains the largest aromatic polyamines producing country worldwide, accounting for 37% of total volume. Moreover, aromatic polyamines production in China exceeded the figures recorded by the second-largest producer, India (72K tons), fourfold. The third position in this ranking was held by the United States (55K tons), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +1.9%. The remaining producing countries recorded the following average annual rates of production growth: India (+3.2% per year) and the United States (-4.1% per year).

Imports

World Imports of Aromatic Polyamines And Their Derivatives, Salts Thereof

Global aromatic polyamines imports fell slightly to 391K tons in 2022, reducing by -2.7% compared with the year before. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. Global imports peaked at 417K tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, aromatic polyamines imports skyrocketed to $2.1B in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 34%. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports By Country

In 2022, the United States (60K tons), followed by Germany (36K tons), South Korea (29K tons), Japan (28K tons), Thailand (21K tons), India (19K tons) and Turkey (18K tons) were the major importers of aromatic polyamines and their derivatives, salts thereof, together mixing up 54% of total imports. China (16K tons), Brazil (16K tons), Spain (13K tons), Belgium (11K tons), Russia (11K tons) and Indonesia (9.6K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Turkey (with a CAGR of +14.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest aromatic polyamines importing markets worldwide were the United States ($342M), South Korea ($182M) and Germany ($176M), together accounting for 33% of global imports. Japan, Thailand, India, Turkey, China, Spain, Brazil, Russia, Indonesia and Belgium lagged somewhat behind, together accounting for a further 40%.

Turkey, with a CAGR of +17.1%, recorded the highest rates of growth with regard to 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 aromatic polyamines import price amounted to $5,452 per ton, surging by 24% against the previous year. Over the last decade, 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($6,400 per ton), while Belgium ($3,484 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Aromatic Polyamines And Their Derivatives, Salts Thereof

In 2022, global aromatic polyamines exports declined to 394K tons, dropping by -6.9% compared with 2021 figures. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 26% against the previous year. The global exports peaked at 428K tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, aromatic polyamines exports rose notably to $2B in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 46%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports By Country

China was the main exporter of aromatic polyamines and their derivatives, salts thereof in the world, with the volume of exports amounting to 187K tons, which was approx. 47% of total exports in 2022. It was distantly followed by Belgium (61K tons), Germany (35K tons), India (21K tons) and South Korea (20K tons), together creating a 35% share of total exports. Japan (17K tons) and the United States (12K tons) took a little share of total exports.

China was also the fastest-growing in terms of the aromatic polyamines and their derivatives, salts thereof exports, with a CAGR of +2.2% from 2012 to 2022. At the same time, Belgium (+2.1%) displayed positive paces of growth. India, Japan and Germany experienced a relatively flat trend pattern. By contrast, South Korea (-5.0%) and the United States (-18.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Belgium increased by +12 and +3.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($979M) remains the largest aromatic polyamines supplier worldwide, comprising 49% of global exports. The second position in the ranking was taken by Belgium ($205M), with a 10% share of global exports. It was followed by India, with a 7.9% share.

In China, aromatic polyamines exports expanded at an average annual rate of +5.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (+2.6% per year) and India (+4.2% per year).

Export Prices By Country

In 2022, the average aromatic polyamines export price amounted to $5,061 per ton, growing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($7,528 per ton), while Belgium ($3,362 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform