World - Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids Market
The global market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters is projected to experience steady growth in both volume and value terms over the next eight years. Consumption patterns have shown an increasing trend, with certain countries like China, the United States, and India leading the market. Production volumes have also seen growth, with China, the United States, and India being the top producers. Export and import values have surged, with the United States, Germany, and China leading in export values, and the United States, India, and the Netherlands leading in import values. Overall, the market is expected to continue its upward trajectory, driven by increasing demand worldwide.
Market Forecast
Driven by increasing demand for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters 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 +1.7% for the period from 2022 to 2030, which is projected to bring the market volume to 3M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.0% for the period from 2022 to 2030, which is projected to bring the market value to $8.1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters
In 2022, consumption of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters increased by 5.5% to 2.6M tons for the first time since 2019, thus ending a two-year declining trend. The total consumption volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 5.8% against the previous year. Global consumption peaked at 2.7M tons in 2019; however, from 2020 to 2022, consumption failed to regain momentum.
The revenue of the market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters worldwide expanded modestly to $5.9B in 2022, increasing by 4.4% 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 +2.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is expected to retain growth in the near future.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (631K tons), the United States (407K tons) and India (265K tons), together accounting for 50% of global consumption. Japan, Turkey, the Netherlands, Mexico, South Korea, Canada, Germany, Saudi Arabia and Poland lagged somewhat behind, together accounting for a further 24%.
From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +6.4%), while esters for the other global leaders experienced more modest paces of growth.
In value terms, India ($1.4B), China ($1.1B) and the United States ($536M) appeared to be the countries with the highest levels of market value in 2022, with a combined 51% share of the global market.
Among the main consuming countries, India, with a CAGR of +10.4%, saw the highest growth rate of market size over the period under review, while esters for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of per capita consumption of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters was registered in the Netherlands (4.3 kg per person), followed by Canada (1.3 kg per person), the United States (1.2 kg per person) and Saudi Arabia (1.2 kg per person), while the world average per capita consumption of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids was estimated at 0.3 kg per person.
From 2012 to 2022, the average annual rate of growth in terms of the per capita consumption of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters in the Netherlands totaled -5.1%. In the other countries, the average annual rates were as follows: Canada (+5.2% per year) and the United States (+2.8% per year).
Production
World Production of Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters
In 2022, production of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters was finally on the rise to reach 2.5M tons after two years of decline. The total output volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 4.9%. Over the period under review, global production of reached the peak volume at 2.7M tons in 2019; however, from 2020 to 2022, production remained at a lower figure.
In value terms, production of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters expanded slightly to $5.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 11% against the previous year. Over the period under review, global production of reached the maximum level at $5.8B in 2019; afterwards, it flattened through to 2022.
Production By Country
The countries with the highest volumes of production in 2022 were China (758K tons), the United States (545K tons) and India (215K tons), with a combined 60% share of global production. Germany, Japan, the Netherlands, Sweden, Mexico, South Korea, Saudi Arabia, Poland and Turkey lagged somewhat behind, together accounting for a further 28%.
From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +7.9%), while esters for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters
In 2022, supplies from abroad of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters increased by 0.2% to 978K tons, rising for the seventh consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 12%. Over the period under review, global imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters surged to $1.9B in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 27%. Global imports peaked in 2022 and are likely to continue growth in the near future.
Imports By Country
In 2022, the United States (101K tons), the Netherlands (91K tons), Belgium (84K tons), India (72K tons), Turkey (57K tons), Germany (44K tons), Singapore (44K tons), the UK (35K tons), Brazil (35K tons), Italy (33K tons), China (31K tons) and Spain (29K tons) represented the main importer of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters in the world, comprising 67% of total import. France (28K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Singapore (with a CAGR of +19.3%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($229M), India ($142M) and the Netherlands ($141M) appeared to be the countries with the highest levels of imports in 2022, together comprising 27% of global imports. Belgium, Singapore, Germany, the UK, Brazil, France, Italy, Spain, Turkey and China lagged somewhat behind, together accounting for a further 39%.
Singapore, with a CAGR of +16.5%, 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
The average import price for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters stood at $1,964 per ton in 2022, growing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, import price reached 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 France ($2,331 per ton), while Turkey ($1,068 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.5%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters
In 2022, shipments abroad of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters decreased by -5.9% to 928K tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +46.6% against 2012 indices. The growth pace was the most rapid in 2020 when exports increased by 19% against the previous year. The global exports peaked at 986K tons in 2021, and then contracted in the following year.
In value terms, exports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters expanded sharply to $1.8B in 2022. Overall, total exports indicated moderate growth from 2012 to 2022: its value 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 +69.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. The global exports peaked in 2022 and are likely to continue growth in years to come.
Exports By Country
The biggest shipments were from the United States (238K tons), Germany (170K tons), China (158K tons) and the Netherlands (117K tons), together reaching 74% of total export. It was distantly followed by Belgium (75K tons), committing an 8.1% share of total exports. Sweden (39K tons) and Singapore (26K tons) held a little share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +13.1%), while the other global leaders experienced more modest paces of growth.
In value terms, the United States ($385M), Germany ($313M) and China ($284M) appeared to be the countries with the highest levels of exports in 2022, together comprising 54% of global exports.
China, with a CAGR of +12.0%, recorded the highest rates of growth with regard to 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
In 2022, the average export price for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters amounted to $1,964 per ton, growing by 13% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 17%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.
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 Singapore ($2,368 per ton), while the Netherlands ($1,466 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4.1%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143220 - Mono-, di- or tri-chloroacetic acids, propionic, butanoic and pentanoic acids, their salts and esters
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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