The Maleic Anhydride Market Size was valued at expected to reach USD 4.30 billion by 2030, and USD 3.03 billion in 2022 and grow at a CAGR of 4.5% over the forecast period 2023-2030.
The market is growing because there is more demand for unsaturated polyester resin, building and construction additives, and technological advances in manufacturing industries. Market growth is also helped by the fact that infrastructure in developed economies is being fixed up. As the number of car accidents around the world goes up, so does the need for unsaturated polyester resin, which is used to fix dents. The market for this product is getting better because the global automotive industry is growing.
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Drivers:
The automotive industry is asking for more UPR and 1,4-BDO.
Restraints:
A rise in the number of people buying hybrid cars and a rise in the price of batteries
Opportunity:
Putting bio-based maleic anhydride on the market
Challenge:
Fluctuations in prices of crude oil
Almost every part of the world has been affected by the pandemic. Maleic anhydride sales have gone down because of problems in the global supply chain and a drop in oil prices, which hurt the market. This is happening because demand in the automotive industry has dropped. The automotive and industrial sectors are very important to the market. In terms of value, the maleic anhydride market is worth the most in Asia Pacific.
In the Asia-Pacific region, South Asian countries like India, Bangladesh, Sri Lanka, and Central Asian countries saw a drop in the number of cars on the road. This made less maleic anhydride needed in the area. China has a big share of the maleic anhydride market in the Asia-Pacific region, but the pandemic made things very hard for them at first. Millions of people were put in quarantine, which stopped all supply chains that came from China. The travel bans and lockdowns that were put in place in most of China's big cities cut down on the amount of oil the country could make. It has also hurt the people who work there, without whom many ports like Shenzhen and Shanghai would not be able to operate. But after three months of being shut down, the country has shown signs of getting better. Most of the businesses have reopened, which is likely to increase the need for maleic anhydride. After the mass vaccination drive started, other developing countries also sped up the number of cars they made in 2021.
By Raw Material
N-Butane
By Application
Unsaturated Polyester Resin (UPR)
Copolymers
Lubricant Additives
Alkenyl Succinic Anhydrides
Malic Acid
Fumaric Acid
Others
By End-users
Construction
Automotive
Food & Beverages
Textile
Pharmaceuticals
Personal Care
Agriculture
Others
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According to a 2022 report, Asia Pacific (APAC) has the largest market share. The regional market is heavily reliant on the fast-growing automotive and construction industries, which are rapidly consolidating their market positions. India, China, and Indonesia stand to benefit the most from such an industry handshake. The warmth of this partnership shared among industries can be felt quite easily with the prediction of the regional market's scope to achieve the maximum CAGR. Furthermore, the lubricant market is showing signs of expansion in emerging economies such as Thailand. Europe's market boom can also be attributed to its contributions in the automotive and construction industries. However, the construction sector is experiencing some setbacks, which are bound to slow the growth of the maleic anhydride market. When it comes to bio-sustainability, government regulations are quite stringent. As a result, the maleic anhydride market may move at a slow pace. Many North American companies are relocating to Brazil and Argentina, which can help the Latin American market. However, the North American market is only expected to grow at a moderate rate due to the slow growth of downstream industries.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Ningbo Jiangning Chemical (China), Changzhou Yabang Chemical Co. Ltd (China), Ashland Inc. (US), Bartek Ingredients Inc. (Canada), Huntsman Corporation (US), Lanxess (Germany), Helm AG (Germany), Marathon Petroleum Corp. (US), Fuso Chemical Co. (Japan), Mitsubishi Chemical Corporation (Japan), Thirumalai Chemicals Ltd (India), Bluestar Harbin Petrochemical Corp. (China), Polynt Group (Italy), Nan Ya Plastics Co.(China), Nippon Shokubai Co. Ltd (Japan)
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 3.03 Billion |
| Market Size by 2030 | US$ 4.30 Billion |
| CAGR | CAGR of 4.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Raw Material (N-Butane, Benzene) • By Application (Unsaturated Polyester Resin (UPR), Copolymers, Lubricant Additives, Alkenyl Succinic Anhydrides, Malic Acid, Fumaric Acid, Others) • By End-users (Construction, Automotive, Food & Beverages, Textile, Pharmaceuticals, Personal Care, Agriculture, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Ningbo Jiangning Chemical (China), Changzhou Yabang Chemical Co. Ltd (China), Ashland Inc. (US), Bartek Ingredients Inc. (Canada), Huntsman Corporation (US), Lanxess (Germany), Helm AG (Germany), Marathon Petroleum Corp. (US), Fuso Chemical Co. (Japan), Mitsubishi Chemical Corporation (Japan), Thirumalai Chemicals Ltd (India), Bluestar Harbin Petrochemical Corp. (China), Polynt Group (Italy), Nan Ya Plastics Co.(China), Nippon Shokubai Co. Ltd (Japan) |
| DRIVERS | • The automotive industry is asking for more UPR and 1,4-BDO. |
| Restraints | • A rise in the number of people buying hybrid cars and a rise in the price of batteries |
Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Unsaturated Polyester Resin (UPR), Copolymers, Lubricant Additives, Alkenyl Succinic Anhydrides, Malic Acid, Fumaric Acid and Others are the sub-segments of by Raw Material Segment.
Ans: The automotive industry is asking for more UPR and 1,4-BDO are the drivers for Maleic Anhydride Market.
Ans: Global Maleic Anhydride Market Size was valued at expected to reach USD 3.98 billion by 2028, and USD 2.9 billion in 2021 and grow at a CAGR of 4.5 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Maleic Anhydride Market Segment, By Raw Material
8.1 N-Butane
8.2 Benzene
9. Maleic Anhydride Market Segment, By Application
9.1 Unsaturated Polyester Resin (UPR)
9.2 Copolymers
9.3 Lubricant Additives
9.4 Alkenyl Succinic Anhydrides
9.5 Malic Acid
9.6 Fumaric Acid
9.7 Others
10. Maleic Anhydride Market Segment, By End-users:
10.1 Construction
10.2 Automotive
10.3 Food & Beverages
10.4 Textile
10.5 Pharmaceuticals
10.6 Personal Care
10.7 Agriculture
10.8 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4Rest
11.6 Latin America
11.6.1Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profile
12.1 Ningbo Jiangning Chemical (China)
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Changzhou Yabang Chemical Co. Ltd (China)
12.3 Ashland Inc. (US)
12.4 Bartek Ingredients Inc. (Canada)
12.5 Huntsman Corporation (US)
12.6 Lanxess (Germany)
12.7 Helm AG (Germany)
12.8 Marathon Petroleum Corp. (US)
12.9 Fuso Chemical Co. (Japan)
12.10 Mitsubishi Chemical Corporation (Japan)
12.11 Thirumalai Chemicals Ltd (India)
12.12 Bluestar Harbin Petrochemical Corp. (China)
12.13 Polynt Group (Italy)
12.14 Nan Ya Plastics Co.(China)
12.15 Nippon Shokubai Co. Ltd (Japan)
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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