As of August 2024, Amino Trimethylene Phosphoric Acid (ATMP) prices are fluctuating around $ 970 per metric ton, reflecting a 4% increase from the previous month. In Q1 and Q2 2024, global supply was impacted by production constraints in key manufacturing regions, particularly in China and Europe, due to both planned maintenance and unplanned shutdowns. These disruptions reduced output by approximately 2.5 million metric tons. Additionally, raw material shortages, such as phosphoric acid and amines, have further strained production, tightening the ATMP market.
In Q3 2024, ATMP prices continue to see upward pressure due to sustained demand in key sectors, including water treatment, oil and gas, and industrial cleaning. The water treatment sector has experienced a 5% increase in demand year-on-year, driven by expanding infrastructure projects and stricter environmental regulations globally. The oil and gas industry has also seen a boost in demand for ATMP, particularly for use in enhanced oil recovery (EOR) processes. However, demand from the textile and leather sectors has softened slightly, with a 3% decline due to shifting market conditions and a reduction in global textile production.
Looking ahead to Q4 2024 and beyond, new production capacity is expected to come online in Southeast Asia, potentially adding 1 million metric tons of ATMP production annually, which may help alleviate some of the current supply constraints. Despite this, the ATMP market is expected to remain volatile through 2030, influenced by factors such as fluctuating raw material costs, regulatory changes, technological advancements in water treatment, and geopolitical risks affecting key supply regions.