Hexamethylenediamine and Ethylenediamine Market

The article discusses the rising demand for hexamethylenediamine and ethylenediamine worldwide, leading to an anticipated growth in market volume and value by 2030. China emerges as a key player in both consumption and production of these chemicals. Global trends in consumption, production, imports, and exports are analyzed, highlighting the significant role of key countries such as the United States, France, and Belgium in the market.

Market Forecast

Driven by rising demand for hexamethylenediamine and ethylenediamine worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market volume to 22M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market value to $94B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Hexamethylenediamine And Its Salts, Ethylenediamine And Its Salts

In 2022, global consumption of hexamethylenediamine and its salts, ethylenediamine and its salts contracted to 19M tons, reducing by -2.9% on 2021. In general, consumption continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 0.6% against the previous year. Global consumption peaked at 24M tons in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

The global hexamethylenediamine and ethylenediamine market size shrank to $68.2B in 2022, dropping by -5.3% 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). Over the period under review, consumption continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of 7.5% against the previous year. Global consumption peaked at $93.6B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Consumption By Country

China (5.4M tons) remains the largest hexamethylenediamine and ethylenediamine consuming country worldwide, accounting for 28% of total volume. Moreover, hexamethylenediamine and ethylenediamine consumption in China exceeded the figures recorded by the second-largest consumer, India (2.2M tons), twofold. The United States (1.2M tons) ranked third in terms of total consumption with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+0.2% per year) and the United States (-4.6% per year).

In value terms, the largest hexamethylenediamine and ethylenediamine markets worldwide were China ($14.8B), India ($10.2B) and Russia ($5.3B), together accounting for 44% of the global market. Canada, Nigeria, the United States, Brazil, the UK, Egypt, Italy, Germany, South Korea and Japan lagged somewhat behind, together comprising a further 29%.

Nigeria, with a CAGR of +2.9%, saw the highest rates of growth with regard to market size among 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 hexamethylenediamine and ethylenediamine per capita consumption in 2022 were Canada (8.1 kg per person), South Korea (6.4 kg per person) and Italy (6.4 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by China (with a CAGR of +0.6%), while consumption for the other global leaders experienced mixed trends in the per capita consumption figures.

Production

World Production of Hexamethylenediamine And Its Salts, Ethylenediamine And Its Salts

In 2022, global production of hexamethylenediamine and its salts, ethylenediamine and its salts contracted modestly to 19M tons, with a decrease of -2.4% compared with 2021 figures. Overall, production saw a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 1.3%. Global production peaked at 24M tons in 2012; however, from 2013 to 2022, production failed to regain momentum.

In value terms, hexamethylenediamine and ethylenediamine production dropped to $66.2B in 2022 estimated in export price. In general, production saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11% against the previous year. Global production peaked at $91.7B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Production By Country

China (5.3M tons) constituted the country with the largest volume of hexamethylenediamine and ethylenediamine production, comprising approx. 28% of total volume. Moreover, hexamethylenediamine and ethylenediamine production in China exceeded the figures recorded by the second-largest producer, India (2.2M tons), twofold. The United States (1.4M tons) ranked third in terms of total production with a 7.5% share.

In China, hexamethylenediamine and ethylenediamine production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+0.2% per year) and the United States (-3.8% per year).

Imports

World Imports of Hexamethylenediamine And Its Salts, Ethylenediamine And Its Salts

Global hexamethylenediamine and ethylenediamine imports shrank modestly to 754K tons in 2022, reducing by -2.3% against 2021. In general, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. Over the period under review, global imports reached the maximum at 956K tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports skyrocketed to $2.6B in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, global imports reached the peak figure at $2.6B in 2012; afterwards, it flattened through to 2022.

Imports By Country

In 2022, Germany (208K tons) represented the key importer of hexamethylenediamine and its salts, ethylenediamine and its salts, mixing up 28% of total imports. Japan (70K tons) held a 9.2% share (based on physical terms) of total imports, which put it in second place, followed by China (7.9%), Canada (7.9%), the Netherlands (6.7%), Belgium (6.1%), South Korea (5.1%) and India (4.6%). Spain (31K tons), Singapore (26K tons), Switzerland (19K tons) and Turkey (18K tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hexamethylenediamine and ethylenediamine imports into Germany stood at -3.5%. At the same time, Switzerland (+5.8%), India (+5.7%), Spain (+3.3%), Turkey (+2.6%), Japan (+2.3%) and South Korea (+2.0%) displayed positive paces of growth. Moreover, Switzerland emerged as the fastest-growing importer imported in the world, with a CAGR of +5.8% from 2012-2022. Singapore and Canada experienced a relatively flat trend pattern. By contrast, China (-3.8%), Belgium (-4.9%) and the Netherlands (-9.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan, India, South Korea and Spain increased by +3.4, +2.5, +1.8 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($615M) constitutes the largest market for imported hexamethylenediamine and its salts, ethylenediamine and its salts worldwide, comprising 24% of global imports. The second position in the ranking was held by Japan ($246M), with a 9.6% share of global imports. It was followed by China, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled -2.3%. In the other countries, the average annual rates were as follows: Japan (+2.7% per year) and China (-0.4% per year).

Import Prices By Country

The average hexamethylenediamine and ethylenediamine import price stood at $3,401 per ton in 2022, growing by 41% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hexamethylenediamine and ethylenediamine import price increased by +73.3% against 2020 indices. 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 Turkey ($4,514 per ton), while Singapore ($2,268 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Hexamethylenediamine And Its Salts, Ethylenediamine And Its Salts

In 2022, shipments abroad of hexamethylenediamine and its salts, ethylenediamine and its salts increased by 12% to 817K tons, rising for the second consecutive year after two years of decline. In general, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. Over the period under review, the global exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, hexamethylenediamine and ethylenediamine exports surged to $2.6B in 2022. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 112%. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports By Country

In 2022, the United States (287K tons) and France (252K tons) represented the key exporters of hexamethylenediamine and its salts, ethylenediamine and its saltsaround the world, together reaching approx. 66% of total exports. Belgium (125K tons) took the next position in the ranking, distantly followed by Saudi Arabia (52K tons). All these countries together held near 22% share of total exports. Sweden (33K tons) and the Netherlands (27K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by France (with a CAGR of +94.3%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest hexamethylenediamine and ethylenediamine supplying countries worldwide were the United States ($983M), France ($726M) and Belgium ($409M), together accounting for 81% of global exports.

In terms of the main exporting countries, France, with a CAGR of +91.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average hexamethylenediamine and ethylenediamine export price amounted to $3,211 per ton, increasing by 16% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hexamethylenediamine and ethylenediamine export price increased by +50.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 29%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($3,883 per ton), while Saudi Arabia ($2,299 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform