Ether-Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives Market

The article provides an in-depth analysis of the global market for ether-alcohols and their derivatives, excluding 2,2-oxydiethanol, projecting an increase in consumption and value from 2022 to 2030. Key findings include a forecasted CAGR of +2.3% in consumption and +4.5% in value, resulting in a market volume of 4.2M tons and a value of $9.1B by 2030. The report highlights consumption and production trends, as well as import and export data, with insights on top consuming, producing, importing, and exporting countries. Price trends and growth rates are also analyzed, showcasing the market dynamics and key players in the industry.

Market Forecast

Driven by increasing demand for ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market volume to 4.2M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market value to $9.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Ether-Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives (Excluding 2,2-Oxydiethanol)

In 2022, the amount of ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) consumed worldwide shrank modestly to 3.5M tons, dropping by -3.9% on the year before. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the consumption volume increased by 7.8% against the previous year. Global consumption peaked at 3.7M tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

The revenue of the market for ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) worldwide dropped modestly to $6.4B in 2022, stabilizing at 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, however, saw a relatively flat trend pattern. Global consumption peaked at $6.7B in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (701K tons), the United States (524K tons) and India (323K tons), together accounting for 44% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of 2,2-oxydiethanol), amongst the leading consuming countries, was attained by the United States (with a CAGR of +6.9%), while 2,2-oxydiethanol) for the other global leaders experienced more modest paces of growth.

In value terms, the largest ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives markets worldwide were China ($1.2B), the United States ($719M) and India ($703M), together accounting for 41% of the global market.

The United States, with a CAGR of +4.8%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while 2,2-oxydiethanol) for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives per capita consumption in 2022 were Belgium (6.3 kg per person), the United Arab Emirates (6.1 kg per person) and the United States (1.6 kg per person).

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +6.2%), while 2,2-oxydiethanol) for the other global leaders experienced more modest paces of growth.

Production

World Production of Ether-Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives (Excluding 2,2-Oxydiethanol)

In 2022, after two years of growth, there was decline in production of ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol), when its volume decreased by -3.7% to 3.6M tons. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 6.5%. As a result, production reached the peak volume of 3.7M tons. From 2017 to 2022, global production of growth failed to regain momentum.

In value terms, production of ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) reached $5.4B in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 7.9%. As a result, production reached the peak level of $5.8B. From 2019 to 2022, global production of growth failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were the United States (761K tons), China (586K tons) and India (273K tons), together accounting for 45% of global production. Saudi Arabia, Germany, Iran, the Netherlands, Russia, Brazil, Malaysia, South Korea, France and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of 2,2-oxydiethanol), amongst the leading producing countries, was attained by Saudi Arabia (with a CAGR of +13.7%), while 2,2-oxydiethanol) for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Ether-Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives (Excluding 2,2-Oxydiethanol)

In 2022, after two years of growth, there was significant decline in overseas purchases of ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol), when their volume decreased by -10.8% to 1.9M tons. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, imports attained the peak of 2.2M tons, and then contracted in the following year.

In value terms, imports of ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) dropped modestly to $4.4B in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +62.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. As a result, imports reached the peak of $4.5B, and then shrank slightly in the following year.

Imports By Country

In 2022, China (277K tons) and Belgium (215K tons) represented the main importers of ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol)around the world, together finishing at approx. 26% of total imports. Germany (106K tons) took a 5.5% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (4.9%), Japan (4.7%) and India (4.5%). Taiwan (Chinese) (83K tons), Italy (69K tons), South Korea (66K tons), the UK (65K tons), Singapore (54K tons), the United States (53K tons) and Turkey (43K tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +12.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Belgium ($498M), China ($491M) and Germany ($270M) constituted the countries with the highest levels of imports in 2022, with a combined 28% share of global imports. Japan, the United States, Italy, India, the UK, Taiwan (Chinese), South Korea, Singapore, the United Arab Emirates and Turkey lagged somewhat behind, together accounting for a further 36%.

In terms of the main importing countries, India, with a CAGR of +13.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) amounted to $2,318 per ton, picking up by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2021 an increase of 45%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($3,857 per ton), while the United Arab Emirates ($1,161 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Ether-Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives (Excluding 2,2-Oxydiethanol)

In 2022, after two years of growth, there was significant decline in shipments abroad of ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol), when their volume decreased by -10.2% to 2M tons. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 14%. As a result, the exports attained the peak of 2.2M tons, and then contracted in the following year.

In value terms, exports of ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) shrank to $4B in 2022. In general, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +59.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 73%. As a result, the exports reached the peak of $4.4B, and then dropped in the following year.

Exports By Country

The United States (289K tons), Germany (241K tons), Saudi Arabia (234K tons), Belgium (195K tons), Iran (166K tons), China (162K tons), the Netherlands (155K tons) and South Korea (110K tons) represented roughly 77% of total exports in 2022. France (70K tons), Malaysia (64K tons), Taiwan (Chinese) (61K tons), Singapore (48K tons) and Thailand (39K tons) held a relatively small 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 Thailand (with a CAGR of +35.1%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($694M), the United States ($644M) and Belgium ($458M) appeared to be the countries with the highest levels of exports in 2022, together comprising 44% of global exports. The Netherlands, China, Saudi Arabia, South Korea, France, Taiwan (Chinese), Iran, Malaysia, Singapore and Thailand lagged somewhat behind, together comprising a further 43%.

Thailand, with a CAGR of +37.3%, saw the highest rates of growth with regard to the value of exports, among 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

The average export price for ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) stood at $2,007 per ton in 2022, surging by 2.8% against the previous year. Over the period under review, the export price continues to indicate mild growth. The pace of growth was the most pronounced in 2021 an increase of 52% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($2,878 per ton), while Iran ($648 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform