Updated Oct 17, 2022 13:22

Amine-Function Compounds Market in the United States

Market Overview
The U.S. amine-function compounds market contracted modestly to $ in , which is down by -% 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 recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in , and then fell in the following year.

In value terms, amine-function compounds production reduced modestly to $ in . In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Amine-function compounds production peaked at $ in , and then contracted modestly in the following year.


Consumption
Amine-function compounds consumption in the United States fell modestly to tons in , remaining constant against figures. Overall, consumption continues to indicate a perceptible reduction. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption remained at a lower figure.

The value of the amine-function compounds market in the United States totaled $ in , approximately mirroring 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 saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in ; however, from to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for amine-function compounds in the United States, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

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


Market Structure
Over the period under review, imports of amine-function compounds in the United States were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for amine-function compounds. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
The United States remains a net exporter of amine-function compounds; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.