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World - Hydantoin And Its Derivatives - Market Analysis, Forecast, Size, Trends And Insights
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The global hydantoin market is projected to show positive growth in both volume and value terms over the next eight years. Consumption of hydantoin and its derivatives is expected to increase, with China being the largest consumer followed by India and the United States. The market performance is forecasted to accelerate with a CAGR of +3.7% in volume and +4.4% in value from 2022 to 2030. Production, imports, and exports of hydantoin are also analyzed, with China being the largest producer and exporter. Overall, the market shows promising growth potential with key players such as the United States, Brazil, and Japan playing significant roles in the global trade of hydantoin.
Market Forecast
Driven by increasing demand for hydantoin and its derivatives 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 +3.7% for the period from 2022 to 2030, which is projected to bring the market volume to 59K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market value to $370M (in nominal prices) by the end of 2030.
Consumption
World Consumption of Hydantoin And Its Derivatives
After two years of decline, consumption of hydantoin and its derivatives increased by 5% to 44K tons in 2022. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak volume of 49K tons. From 2020 to 2022, the growth of the global consumption failed to regain momentum.
The global hydantoin market size totaled $261M in 2022, rising by 8.4% 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). In general, consumption, however, showed a mild descent. The most prominent rate of growth was recorded in 2019 when the market value increased by 9.8% against the previous year. Over the period under review, the global market reached the peak level at $315M in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
China (13K tons) constituted the country with the largest volume of hydantoin consumption, accounting for 29% of total volume. Moreover, hydantoin consumption in China exceeded the figures recorded by the second-largest consumer, India (4.9K tons), threefold. The United States (4.8K tons) ranked third in terms of total consumption with an 11% share.
In China, hydantoin consumption increased at an average annual rate of +6.1% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+5.0% per year) and the United States (+0.0% per year).
In value terms, the largest hydantoin markets worldwide were the United States ($52M), China ($41M) and India ($32M), together accounting for 48% of the global market.
Among the main consuming countries, India, with a CAGR of +11.9%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of hydantoin per capita consumption in 2022 were Spain (83 kg per 1000 persons), the Netherlands (42 kg per 1000 persons) and Canada (23 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Spain (with a CAGR of +15.9%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Hydantoin And Its Derivatives
In 2022, after two years of decline, there was growth in production of hydantoin and its derivatives, when its volume increased by 2.3% to 40K tons. The total output volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 15% against the previous year. Over the period under review, global production attained the maximum volume at 43K tons in 2015; however, from 2016 to 2022, production remained at a lower figure.
In value terms, hydantoin production rose notably to $246M in 2022 estimated in export price. Overall, production, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 21% against the previous year. Over the period under review, global production reached the maximum level at $330M in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
Production By Country
China (22K tons) remains the largest hydantoin producing country worldwide, comprising approx. 55% of total volume. Moreover, hydantoin production in China exceeded the figures recorded by the second-largest producer, India (4.8K tons), fivefold. The United States (3K tons) ranked third in terms of total production with a 7.5% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +5.1%. In the other countries, the average annual rates were as follows: India (+3.3% per year) and the United States (-6.4% per year).
Imports
World Imports of Hydantoin And Its Derivatives
In 2022, supplies from abroad of hydantoin and its derivatives decreased by -4.2% to 21K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a slight reduction. The growth pace was the most rapid in 2017 when imports increased by 9.1% against the previous year. Global imports peaked at 25K tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, hydantoin imports amounted to $132M in 2022. In general, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. As a result, imports attained the peak of $202M. From 2015 to 2022, the growth of global imports failed to regain momentum.
Imports By Country
Spain (4.7K tons) and the United States (3.3K tons) were the largest importers of hydantoin and its derivatives in 2022, recording approx. 22% and 15% of total imports, respectively. Brazil (1.2K tons) held a 5.5% share (based on physical terms) of total imports, which put it in second place, followed by Germany (5.2%), Belgium (5.1%), Japan (5.1%) and India (4.6%). Canada (602 tons), the UK (602 tons), the Netherlands (590 tons), Turkey (486 tons), Italy (451 tons) and Finland (436 tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +19.0%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($34M) constitutes the largest market for imported hydantoin and its derivatives worldwide, comprising 26% of global imports. The second position in the ranking was taken by Brazil ($12M), with a 9.3% share of global imports. It was followed by Japan, with an 8.3% share.
In the United States, hydantoin imports expanded at an average annual rate of +2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (+13.4% per year) and Japan (+3.0% per year).
Import Prices By Country
The average hydantoin import price stood at $6,156 per ton in 2022, picking up by 6.8% against the previous year. In general, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, average import prices hit record highs at $8,488 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($10,420 per ton), while Spain ($2,102 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Hydantoin And Its Derivatives
After five years of growth, overseas shipments of hydantoin and its derivatives decreased by -10.9% to 18K tons in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 12%. The global exports peaked at 20K tons in 2021, and then contracted in the following year.
In value terms, hydantoin exports totaled $99M in 2022. Overall, exports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, the global exports hit record highs at $155M in 2014; however, from 2015 to 2022, the exports remained at a lower figure.
Exports By Country
China prevails in exports structure, amounting to 9.3K tons, which was near 53% of total exports in 2022. The United States (1.4K tons) held an 8.2% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (6.3%), India (5.4%) and Indonesia (5.2%). Spain (727 tons), Germany (663 tons), the Netherlands (424 tons), Israel (405 tons), Italy (286 tons) and Canada (279 tons) held a minor share of total exports.
Exports from China increased at an average annual rate of +4.0% from 2012 to 2022. At the same time, Indonesia (+59.7%), the Netherlands (+10.8%), Germany (+4.0%) and Italy (+3.8%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +59.7% from 2012-2022. Canada experienced a relatively flat trend pattern. By contrast, Spain (-2.4%), Belgium (-3.8%), India (-4.9%), the United States (-7.7%) and Israel (-8.8%) illustrated a downward trend over the same period. China (+18 p.p.), Indonesia (+5.2 p.p.) and the Netherlands (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while Belgium, Israel, India and the United States saw its share reduced by -2.9%, -3.4%, -3.5% and -9.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($44M) remains the largest hydantoin supplier worldwide, comprising 44% of global exports. The second position in the ranking was taken by the United States ($9.9M), with a 10% share of global exports. It was followed by Belgium, with a 5.5% share.
From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +6.5%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (-6.6% per year) and Belgium (-10.9% per year).
Export Prices By Country
In 2022, the average hydantoin export price amounted to $5,645 per ton, surging by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced reduction. Over the period under review, the average export prices attained the maximum at $8,658 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Italy ($14,648 per ton), while Indonesia ($2,510 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.9%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global hydantoin market. 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 21103140 - Hydantoin and its derivatives
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
This report provides an in-depth analysis of the global hydantoin market.
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