Global Maleic Anhydride Market by Application (UPR, Additives, Copolymers, 1,4-BDO) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global maleic anhydride sales were valued at USD 2.77 Billion in 2018. They are expected to increase at a 6.7% compound annual growth rate (CAGR). This will be between 2019 and 2025. Market growth is expected to be boosted by increasing demand for Unsaturated Polymer Resins (UPR),, and 1,4-Butanediol. UPRs are used extensively as body filler to repair and reconstruct damaged parts of vehicles. Maleic Anhydride is an organic intermediate that can be used to produce several industrial chemicals such as malic or menic acid, UPRs and lubricating oils additives, alkenyl succinic acid , and .

The molecular structure and versatility of MAN make it a great crosslinking agent and conjunction agent. It is also an integral component of industrial copolymers. The U.S. is North America's largest market for UPR. The major driver has been high demand for UPR and other additives in construction & building, as well as technological advancements in manufacturing technologies. The refurbishment of existing infrastructure is the main driver of product demand in the U.S. The U.S. government's efforts in improving the energy efficiency of buildings further support the growth. Davy Process Technology (DPT) uses maleic anhydride to make 1,4butanediol HTML3_ HTML4_ HTML5_ HTML6_ HTML7_ HTML8_.

MAN is then converted to the ester. This is followed by fixed-bed hydrogenolysis, where a mixture of Tetrahydrofuran, BDO, and GBL is made. BDO is an intermediate chemical to THF, Polytetramethylene Ether Glycol(PTMEG), Gammabutyrolactone (GBL), Polybutylene Terephthalate [PBT], and Polyurethane. These chemicals are used extensively in the engineering plastics, fibres, medicines, cosmetics and pesticides. As they can repair dents caused by accidents, UPR is expected to be in high demand.

The United States Census Bureau estimates that more than 9 million vehicles were involved with fatal or non-fatal crashes in the region in 2017. The increased demand for cars and slow growth in infrastructure have led to an increase in road accidents in the region over the last few years. UPR is also used to manufacture high-performance components in the automotive industry. Maleic anhydride market growth is expected to be driven by increasing UPR demand in automotive industry.

N-butane is the primary feedstock used in manufacturing MAN. These feedstocks' prices are heavily dependent on the output of crude oil and naphtha. High fluctuations in benzene prices are due to fluctuating crude oil prices. Stable demand and supply have resulted in stable prices for maleic acidide over the past few years. However, they have remained relatively steady. The steady rise in crude oil prices and the softening prices for other raw materials is expected to keep current prices stable.

Application Insights

The largest segment of unsaturated polymer resins was the automotive industry, accounting for more than 50% of the global market share in 2018. They are expected to continue growing at a rapid pace during the forecast period. They are found in many industries, including construction, automotive, marine, and electrical. Their cost-effectiveness and high performance, as well as their eco-friendly properties, make them a popular choice.

The segment will be driven by the growth of the end-user industries such as construction and automotive in the emerging economies of Central & South America, Asia Pacific, and Latin America. The UPR provides a smooth finish to vehicles and good adhesion to paint. This helps increase the coat's shelf life. These resins are used to make bumpers, doors and roofs as well as interiors. They also help repair damage caused by accidents.

Fuel efficiency is improved by adding additives to gasoline, diesel, distillate fuels and other lubricants. They can also increase fuel efficiency by reducing combustion rates at high temperatures, prolonging oil change intervals and reducing harmful emissions.

This segment is expected to continue to grow because of the growing demand for specialty fuel additives in various markets. Environmental concerns about toxic emissions are increasing and regulatory agencies around the world have mandated norms.

Regional Insights

North America's largest industry is construction. The U.S. implemented a National Infrastructure Plan in order to attract USD 590 Billion in infrastructure investment between 2014 and 2018. These development initiatives are expected increase spending in the construction industry, which will boost the demand for UPR. Over the next few years, the region will see growth in both the automotive and marine sectors.

Asia Pacific was the region's largest consumer and manufacturer, and it is expected to maintain its lead in the future. The region's growth will be fueled by favorable government initiatives from the Indian and Chinese governments. Most of the demand will come from the region's construction and plasticizers industry. APAC's product demand will be driven by rising construction spending in emerging economies like China, India, Indonesia.

Market Share Insights & Key Companies

Global market structure is highly segmented with top five companies such as Polynt and Huntsman, Yabang Jiangsu and Tianjin Bohai accounting for more than 30% of the total volume. Together, these companies accounted for more than 30% of 2018's total volume. Huntsman was the largest manufacturer of MAN, accounting for more than 9.5% of the global market in 2018.

Huntsman owns two manufacturing plants in Louisiana and Florida that have a combined capacity of 155 kilogramons. A second manufacturing plant in Moers, Germany is a collaboration with Sasol and has a capacity for 105 kilogramons. The market leader in maleic anhydride is:

• Huntsman Corporation

• Laxness AG

• MOL Hungarian Oil & Gas Plc

• Nippon Shokubai Co., Ltd.

• Thirumalai Chemicals Ltd.

• Compania Espanola de Petroleos

• S.A.

• DSM N.V.

Up Market Research published a new report titled “Maleic Anhydride Market research report which is segmented by Application (UPR, Additives, Copolymers, 1,4-BDO), By Players/Companies Compania Espanola de Petroleos, Laxness AG, Huntsman Corporation, Thirumalai Chemicals Ltd, DSM NV, MOL Hungarian Oil & Gas Plc, SA, Nippon Shokubai Co Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Maleic Anhydride Market Report Segments:

The market is segmented by Application (UPR, Additives, Copolymers, 1,4-BDO).

Maleic Anhydride Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Maleic Anhydride Market

Overview of the regional outlook of the Maleic Anhydride Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Maleic Anhydride Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Maleic Anhydride Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. UPR

                2. Additives

                3. Copolymers

                4. 1,4-BDO

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Maleic Anhydride Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Maleic Anhydride Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.