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:
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Huntsman Corporation
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Laxness AG
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MOL Hungarian Oil & Gas Plc
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Nippon Shokubai Co., Ltd.
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Thirumalai Chemicals Ltd.
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Compania Espanola de Petroleos
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S.A.
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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
Report Attributes | Report Details |
Report Title | Maleic Anhydride Market Research Report |
By Application | UPR, Additives, Copolymers, 1,4-BDO |
By Companies | Compania Espanola de Petroleos, Laxness AG, Huntsman Corporation, Thirumalai Chemicals Ltd, DSM NV, MOL Hungarian Oil & Gas Plc, SA, Nippon Shokubai Co Ltd |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 215 |
Number of Tables & Figures | 151 |
Customization Available | Yes, the report can be customized as per your need. |
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:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Maleic Anhydride Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. UPR
2. Additives
3. Copolymers
4. 1,4-BDO
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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.
How you may use our products:
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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.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Maleic Anhydride Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Maleic Anhydride Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Maleic Anhydride Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Maleic Anhydride Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Maleic Anhydride Market Size & Forecast, 2018-2028
4.5.1 Maleic Anhydride Market Size and Y-o-Y Growth
4.5.2 Maleic Anhydride Market Absolute $ Opportunity
Chapter 5 Global Maleic Anhydride Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Maleic Anhydride Market Size Forecast by Application
5.2.1 UPR
5.2.2 Additives
5.2.3 Copolymers
5.2.4 1
5.2.5 4-BDO
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Maleic Anhydride Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Maleic Anhydride Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Maleic Anhydride Analysis and Forecast
8.1 Introduction
8.2 North America Maleic Anhydride Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Maleic Anhydride Market Size Forecast by Application
8.6.1 UPR
8.6.2 Additives
8.6.3 Copolymers
8.6.4 1
8.6.5 4-BDO
8.7 Basis Point Share (BPS) Analysis by Application
8.8 Absolute $ Opportunity Assessment by Application
8.9 Market Attractiveness Analysis by Application
Chapter 9 Europe Maleic Anhydride Analysis and Forecast
9.1 Introduction
9.2 Europe Maleic Anhydride Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Maleic Anhydride Market Size Forecast by Application
9.6.1 UPR
9.6.2 Additives
9.6.3 Copolymers
9.6.4 1
9.6.5 4-BDO
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
Chapter 10 Asia Pacific Maleic Anhydride Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Maleic Anhydride Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Maleic Anhydride Market Size Forecast by Application
10.6.1 UPR
10.6.2 Additives
10.6.3 Copolymers
10.6.4 1
10.6.5 4-BDO
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
Chapter 11 Latin America Maleic Anhydride Analysis and Forecast
11.1 Introduction
11.2 Latin America Maleic Anhydride Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Maleic Anhydride Market Size Forecast by Application
11.6.1 UPR
11.6.2 Additives
11.6.3 Copolymers
11.6.4 1
11.6.5 4-BDO
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
Chapter 12 Middle East & Africa (MEA) Maleic Anhydride Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Maleic Anhydride Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Maleic Anhydride Market Size Forecast by Application
12.6.1 UPR
12.6.2 Additives
12.6.3 Copolymers
12.6.4 1
12.6.5 4-BDO
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
Chapter 13 Competition Landscape
13.1 Maleic Anhydride Market: Competitive Dashboard
13.2 Global Maleic Anhydride Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Compania Espanola de Petroleos
13.3.2 Laxness AG
13.3.3 Huntsman Corporation
13.3.4 Thirumalai Chemicals Ltd
13.3.5 DSM NV
13.3.6 MOL Hungarian Oil & Gas Plc
13.3.7 SA
13.3.8 Nippon Shokubai Co Ltd