U.S.: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in the U.S.

In 2022, the U.S. reaction initiators and accelerators market decreased by -4% to $X, falling for the second year in a row after nine years of growth. Overall, consumption, however, continues to indicate a prominent increase. Reaction initiators and accelerators consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in the U.S.

In value terms, reaction initiators and accelerators production stood at $X in 2022. Overall, production enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 30%. Reaction initiators and accelerators production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from the U.S.

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations was finally on the rise to reach X tons after three years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, reaction initiators and accelerators exports rose sharply to $X in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

South Korea (X tons), Canada (X tons) and China (X tons) were the main destinations of reaction initiators and accelerators exports from the United States, with a combined 40% share of total exports. The Netherlands, India, Mexico, Japan, Taiwan (Chinese), Vietnam, the United Arab Emirates, Germany, Thailand and Belgium lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +22.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from the United States, comprising 28% of total exports. The second position in the ranking was taken by China ($X), with a 12% share of total exports. It was followed by Canada, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Mexico amounted to +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+5.7% per year) and Canada (+3.0% per year).

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, shrinking by -3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2021 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into the U.S.

In 2022, supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations was finally on the rise to reach X tons after three years of decline. In general, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of 13% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators imports fell to $X in 2022. Over the period under review, imports continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2021 when imports increased by 77% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Germany (X tons), Canada (X tons) and China (X tons) were the main suppliers of reaction initiators and accelerators imports to the United States, with a combined 51% share of total imports. The Netherlands, Denmark, India, the UK, Brazil, Japan, France, Mexico and Belgium lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +33.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to the United States, comprising 41% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Canada amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.8% per year) and Germany (+2.5% per year).

Import Prices by Country

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, falling by -14.4% against the previous year. Over the period under review, the import price, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 81% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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