Amine-Function Compounds Market

The article discusses the increasing demand for amine-function compounds worldwide, projecting a growth in market volume and value over the next eight years. With a forecasted CAGR of +0.3% in volume and +2.6% in value from 2022 to 2030, the market is set to reach 117M tons and $447.6B respectively by 2030. The United States leads in both consumption and production of these compounds, with China following at a distant second. Import and export trends, along with key product types and pricing information, are also detailed, highlighting variations among countries and products.

Market Forecast

Driven by increasing demand for amine-function compounds 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 +0.3% for the period from 2022 to 2030, which is projected to bring the market volume to 117M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market value to $447.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Amine-Function Compounds

In 2022, the amount of amine-function compounds consumed worldwide was estimated at 114M tons, stabilizing at the previous year's figure. Overall, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 4.2% against the previous year. Global consumption peaked at 116M tons in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

The global amine-function compounds market size totaled $365B in 2022, remaining constant 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 relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 4.9%. Global consumption peaked at $368.2B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Consumption By Country

The country with the largest volume of amine-function compounds consumption was the United States (101M tons), accounting for 89% of total volume. Moreover, amine-function compounds consumption in the United States exceeded the figures recorded by the second-largest consumer, China (4.4M tons), more than tenfold.

In the United States, amine-function compounds consumption remained relatively stable over the period from 2012-2022.

In value terms, the United States ($323.5B) led the market, alone. The second position in the ranking was held by China ($12.7B).

In the United States, the amine-function compounds market remained relatively stable over the period from 2012-2022.

From 2012 to 2022, the average annual rate of growth in terms of the amine-function compounds per capita consumption in the United States was relatively modest.

Production

World Production of Amine-Function Compounds

Global amine-function compounds production was estimated at 114M tons in 2022, remaining constant against the previous year. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 4.4%. Global production peaked at 116M tons in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In value terms, amine-function compounds production amounted to $365.3B in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 5%. Over the period under review, global production hit record highs at $369.1B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Production By Country

The United States (101M tons) constituted the country with the largest volume of amine-function compounds production, comprising approx. 89% of total volume. Moreover, amine-function compounds production in the United States exceeded the figures recorded by the second-largest producer, China (5.2M tons), more than tenfold.

In the United States, amine-function compounds production remained relatively stable over the period from 2012-2022.

Imports

World Imports of Amine-Function Compounds

In 2022, the amount of amine-function compounds imported worldwide reduced to 3.6M tons, falling by -3.5% on the year before. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. As a result, imports reached the peak of 3.7M tons, and then shrank in the following year.

In value terms, amine-function compounds imports skyrocketed to $13.1B in 2022. The total import value increased at an average annual rate of +2.0% 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 2021 when imports increased by 29% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports By Country

The countries with the highest levels of amine-function compounds imports in 2022 were Germany (497K tons), the Netherlands (395K tons), India (320K tons), Belgium (275K tons), the United States (264K tons), Spain (190K tons), China (150K tons), Japan (146K tons), South Korea (135K tons), Hungary (128K tons), Brazil (90K tons) and Canada (83K tons), together amounting to 74% of total import. Italy (70K tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +7.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($1.7B), the United States ($1.1B) and India ($1B) constituted the countries with the highest levels of imports in 2022, together accounting for 29% of global imports.

In terms of the main importing countries, India, with a CAGR of +7.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

In 2022, aniline and its salts (excluding derivatives) (1M tons), distantly followed by amine-function compounds; acyclic polyamines and their derivatives, hexamethylenediamine and its salts (562K tons), acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) (376K tons), acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) (315K tons), amine-function compounds; aromatic amines and their derivatives; o-, m-, p-phenylenediamine, diaminotoluenes and their derivatives; salts thereof (289K tons), methylamine, di- or trimethylamine and their salts (249K tons) and amine-function compounds; acyclic polyamines and their derivatives, ethylenediamine and its salts (192K tons) were the main types of amine-function compounds, together constituting 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main imported products, was attained by amine-function compounds; acyclic monoamines and their derivatives, and salts thereof, 2-(n,n-diethylamino)ethylchloride hydrochloride (with a CAGR of +62.5%), while imports for the other products experienced more modest paces of growth.

In value terms, the largest types of imported amine-function compounds were amine-function compounds; acyclic polyamines and their derivatives, hexamethylenediamine and its salts ($1.9B), aniline and its salts (excluding derivatives) ($1.8B) and acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) ($1.6B), together accounting for 40% of global imports. Acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine), amine-function compounds; aromatic amines and their derivatives; o-, m-, p-phenylenediamine, diaminotoluenes and their derivatives; salts thereof, amine-function compounds; aromatic monoamines and their derivatives; salts thereof; n.e.s. in item no. 2921.4, cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof, amine-function compounds; acyclic polyamines and their derivatives, ethylenediamine and its salts, amine-function compounds; aromatic polyamines and their derivatives, other than item no. 2921.51, aniline derivatives and their salts, methylamine, di- or trimethylamine and their salts, amine-function compounds; aromatic monoamines and their derivatives, toluidines and their derivatives; salts thereof, amine-function compounds; aromatic monoamines and their derivatives, diphenylamine and its derivatives; salts thereof, amine-function compounds; aromatic monoamines and their derivatives; 1-naphthylamine (alpha-naphthylamine), 2-naphthylamine (beta-naphthaylamine) and their derivatives; salts thereof, amine-function compounds; aromatic monoamines and derivatives; amphetamine (INN), benzphetamine (INN), dexamphetamine (INN), etilamphetamine (INN), fencamfamin (INN), lefetamine (INN), levamphetamine (INN), mefenorex (INN), phentermine (INN); salts of, amine-function compounds; acyclic monoamines and their derivatives; diethylamine and its salts, amine-function compounds; acyclic monoamines and their derivatives, and salts thereof, 2-(n,n-diethylamino)ethylchloride hydrochloride and amine-function compounds; acyclic monoamines and their derivatives, and salts thereof, 2-(n,n-diisopropylamino)ethylchloride hydrochloride lagged somewhat behind, together comprising a further 60%.

Amine-function compounds; acyclic monoamines and their derivatives, and salts thereof, 2-(n,n-diethylamino)ethylchloride hydrochloride, with a CAGR of +58.0%, recorded the highest rates of growth with regard to the value of imports, among the main imported products over the period under review, while purchases for the other products experienced more modest paces of growth.

Import Prices By Type

In 2022, the average amine-function compounds import price amounted to $3,623 per ton, growing by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. 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 imported products. In 2022, the product with the highest price was amine-function compounds; aromatic monoamines and derivatives; amphetamine (INN), benzphetamine (INN), dexamphetamine (INN), etilamphetamine (INN), fencamfamin (INN), lefetamine (INN), levamphetamine (INN), mefenorex (INN), phentermine (INN); salts of ($35,859 per ton), while the price for aniline and its salts (excluding derivatives) ($1,755 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by amine-function compounds; aromatic amines and their derivatives; o-, m-, p-phenylenediamine, diaminotoluenes and their derivatives; salts thereof (+3.5%), while the other products experienced more modest paces of growth.

Import Prices By Country

In 2022, the average amine-function compounds import price amounted to $3,623 per ton, jumping by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, import price reached 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 South Korea ($5,645 per ton), while the Netherlands ($1,967 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 (+5.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Amine-Function Compounds

In 2022, approx. 3.8M tons of amine-function compounds were exported worldwide; with a decrease of -1.9% against the year before. The total export volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 24% against the previous year. As a result, the exports reached the peak of 3.9M tons, and then declined in the following year.

In value terms, amine-function compounds exports soared to $13.3B in 2022. Overall, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +66.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports By Country

In 2022, China (930K tons), Belgium (682K tons) and the United States (469K tons) represented the key exporter of amine-function compounds in the world, achieving 55% of total export. France (264K tons) took a 6.9% share (based on physical terms) of total exports, which put it in second place, followed by the UK (6.3%) and Germany (6%). India (155K tons), Saudi Arabia (130K tons), the Czech Republic (126K tons), the Netherlands (113K tons), Japan (85K tons) and Portugal (69K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +54.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest amine-function compounds supplying countries worldwide were China ($3.4B), Belgium ($1.8B) and the United States ($1.7B), with a combined 52% share of global exports. Germany, France, India, Japan, the Netherlands, Saudi Arabia, the UK, the Czech Republic and Portugal lagged somewhat behind, together accounting for a further 37%.

Among the main exporting countries, France, with a CAGR of +39.2%, 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.

Exports By Type

In 2022, aniline and its salts (excluding derivatives) (1.1M tons), distantly followed by amine-function compounds; acyclic polyamines and their derivatives, hexamethylenediamine and its salts (631K tons), acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) (379K tons), acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) (325K tons), amine-function compounds; aromatic amines and their derivatives; o-, m-, p-phenylenediamine, diaminotoluenes and their derivatives; salts thereof (304K tons), amine-function compounds; acyclic polyamines and their derivatives, ethylenediamine and its salts (190K tons), methylamine, di- or trimethylamine and their salts (189K tons) and aniline derivatives and their salts (172K tons) were the key types of amine-function compounds, together creating 86% of total exports.

From 2012 to 2022, the biggest increases were recorded for amine-function compounds; acyclic monoamines and their derivatives, and salts thereof, 2-(n,n-diisopropylamino)ethylchloride hydrochloride (with a CAGR of +115.3%), while shipments for the other products experienced more modest paces of growth.

In value terms, amine-function compounds; acyclic polyamines and their derivatives, hexamethylenediamine and its salts ($2.1B), aniline and its salts (excluding derivatives) ($1.8B) and acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) ($1.5B) appeared to be the products with the highest levels of exports in 2022, with a combined 41% share of global exports. Acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine), amine-function compounds; aromatic amines and their derivatives; o-, m-, p-phenylenediamine, diaminotoluenes and their derivatives; salts thereof, amine-function compounds; aromatic monoamines and their derivatives; salts thereof; n.e.s. in item no. 2921.4, cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof, amine-function compounds; acyclic polyamines and their derivatives, ethylenediamine and its salts, aniline derivatives and their salts, amine-function compounds; aromatic polyamines and their derivatives, other than item no. 2921.51, methylamine, di- or trimethylamine and their salts, amine-function compounds; aromatic monoamines and their derivatives, toluidines and their derivatives; salts thereof, amine-function compounds; aromatic monoamines and their derivatives, diphenylamine and its derivatives; salts thereof, amine-function compounds; aromatic monoamines and their derivatives; 1-naphthylamine (alpha-naphthylamine), 2-naphthylamine (beta-naphthaylamine) and their derivatives; salts thereof, amine-function compounds; aromatic monoamines and derivatives; amphetamine (INN), benzphetamine (INN), dexamphetamine (INN), etilamphetamine (INN), fencamfamin (INN), lefetamine (INN), levamphetamine (INN), mefenorex (INN), phentermine (INN); salts of, amine-function compounds; acyclic monoamines and their derivatives, and salts thereof, 2-(n,n-diethylamino)ethylchloride hydrochloride, amine-function compounds; acyclic monoamines and their derivatives; diethylamine and its salts and amine-function compounds; acyclic monoamines and their derivatives, and salts thereof, 2-(n,n-diisopropylamino)ethylchloride hydrochloride lagged somewhat behind, together comprising a further 59%.

In terms of the main exported products, amine-function compounds; acyclic monoamines and their derivatives, and salts thereof, 2-(n,n-diisopropylamino)ethylchloride hydrochloride, with a CAGR of +130.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

Export Prices By Type

The average amine-function compounds export price stood at $3,510 per ton in 2022, jumping by 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export 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 exported products. In 2022, the product with the highest price was amine-function compounds; aromatic monoamines and derivatives; amphetamine (INN), benzphetamine (INN), dexamphetamine (INN), etilamphetamine (INN), fencamfamin (INN), lefetamine (INN), levamphetamine (INN), mefenorex (INN), phentermine (INN); salts of ($539,009 per ton), while the average price for exports of aniline and its salts (excluding derivatives) ($1,664 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by amine-function compounds; aromatic monoamines and their derivatives; 1-naphthylamine (alpha-naphthylamine), 2-naphthylamine (beta-naphthaylamine) and their derivatives; salts thereof (+17.4%), while the other products experienced more modest paces of growth.

Export Prices By Country

The average amine-function compounds export price stood at $3,510 per ton in 2022, picking up by 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($5,767 per ton), while the UK ($1,420 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform