Overview of the Global Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations

The global reaction initiators and accelerators market rose to $X in 2022, growing by 4.3% against the previous year. Over the period under review, consumption recorded a resilient expansion. Over the period under review, the global market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

In value terms, reaction initiators and accelerators production expanded markedly to $X in 2022 estimated in export price. Overall, production recorded prominent growth. The growth pace was the most rapid in 2015 with an increase of 27% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 7.3% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 7.5% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, reaction initiators and accelerators exports totaled $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +75.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) and Germany (X tons) represented the major exporters of reaction initiators, reaction accelerators and catalytic preparations in 2022, finishing at near 25% and 23% of total exports, respectively. The Netherlands (X tons) took the next position in the ranking, followed by China (X tons). All these countries together held approx. 19% share of total exports. Japan (X tons), France (X tons), Canada (X tons), the UK (X tons), Singapore (X tons), Poland (X tons), South Korea (X tons), Italy (X tons) and Denmark (X tons) held a minor 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 Poland (with a CAGR of +22.7%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest reaction initiators and accelerators supplying countries worldwide were the United States ($X), Germany ($X) and Poland ($X), together comprising 44% of global exports.

In terms of the main exporting countries, Poland, with a CAGR of +60.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, with a decrease of -2.6% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators export price increased by +50.7% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 15%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

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 Poland ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+30.8%), while the other global leaders experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports

In 2022, global reaction initiators and accelerators imports dropped modestly to X tons, shrinking by -2.5% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, reaction initiators and accelerators imports fell slightly to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

The purchases of the twelve major importers of reaction initiators, reaction accelerators and catalytic preparations, namely South Korea, the United States, Mexico, Germany, China, India, Indonesia, Canada, Spain, the Netherlands, Belgium and Italy, represented more than half of total import. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +16.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2022, with a combined 33% share of global imports.

In terms of the main importing countries, Mexico, with a CAGR of +14.8%, saw 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

The average reaction initiators and accelerators import price stood at $X per ton in 2022, standing approx. at the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators import price increased by +58.8% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 15% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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