Updated Nov 2, 2022 05:28

Oxygen-Function Amino-Compound Market in the United States

Market Overview
For the fifth consecutive year, the U.S. oxygen-function amino-compound market recorded growth in sales value, which increased by % to $ in . Over the period under review, consumption recorded strong growth. Oxygen-function amino-compound consumption peaked in and is likely to see steady growth in years to come.

In value terms, oxygen-function amino-compound production amounted to $ in . Over the period under review, the total production indicated pronounced growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2019 indices. The most prominent rate of growth was recorded in 2010 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2019; afterwards, it flattened through to .


Consumption
In , the amount of oxygen-function amino-compounds consumed in the United States amounted to tons, growing by % compared with . In general, consumption enjoyed strong growth. Over the period under review, consumption attained the peak volume in and is likely to see gradual growth in the immediate term.

The revenue of the oxygen-function amino-compound market in the United States reached $ in , with an increase of % 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 posted a strong increase. Oxygen-function amino-compound consumption peaked in and is likely to see gradual growth in the immediate term.


Market Forecast
Driven by increasing demand for oxygen-function amino-compounds in the United States, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase 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
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 oxygen-function amino-compound; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.