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Maleic Anhydride Market Size, Share & Trends Analysis Report By Application (Unsaturated Polyester Resins, 1,4-Butanediol, Copolymers, Additives), By Region (Asia Pacific, North America, Europe), And Segment Forecasts, 2023 - 2030

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    Report

  • 91 Pages
  • May 2023
  • Region: Global
  • Grand View Research
  • ID: 4778236
The global maleic anhydride market size is expected to reach USD 5.86 billion by 2030,registering a CAGR of 4.2% over the forecast period,. The industry growth is majorly driven by the rising demand for unsaturated polyester resins (UPR) in the global construction industry coupled with the flourishing automotive industry which is a major end use industry for the product market.

UPR possesses excellent resistance to chemicals, corrosion, abrasion, and heat, superior structural strength, excellent compressive strength, and high impact strength. Thus, it is widely used in the construction industry as concrete and sealant. In addition to the aforementioned properties, UPR is extensively used as a coating owing to its excellent aesthetic appeal. Moreover, as these composites can be pigmented without losing their structural properties, the demand for these composites is on the rise, and the trend is expected to continue over the forecast period.

According to Global Construction Perspectives and Oxford Economics, the global construction market is expected to reach USD 8 trillion by 2030, driven by the U. S., China, and India. Thus, the growth of the global construction industry, coupled with an increasing demand for UPR composites, coatings, and mortars, is expected to drive the growth of the UPR market over the predicted timeframe which in turn will drive the demand for maleic anhydride.

N-butane and benzene are the primary feedstock used to manufacture maleic anhydride. Globally, the prices of benzene and n-butane depend on the price trend of crude oil and naphtha. Volatility in crude oil prices has been the major reason for the high fluctuation in benzene prices. Crude oil pricing and downstream demand highly influence the global petroleum derivatives industry.

Maleic Anhydride Market Report Highlights

  • The global market is estimated to advance with a compounded annual growth rate (CAGR) of 4.2% from 2023 to 2030. This is attributed to the advancing application industries such as construction, automobiles, and pharmaceutical globally
  • Unsaturated polyester resins in the application segment dominated the market with a revenue share of 50.1% in 2022. This growth is attributed to the growing marine and automotive activities, coupled with the increasing application scope of fiber-reinforced plastics in the construction sector
  • Asia Pacific region dominated the global market with a revenue share of 51.7% in 2022. This growth is due to increasing construction activities in countries such as China, India, Japan, and South Korea. Rising demand for the product for application in new construction and remodeling of old structures is expected to fuel the growth of the regional market in the coming years
  • The growing pharmaceuticals industry in the Asia Pacific region is also aiding the demand for maleic anhydride. According to the India Brand Equity Foundation, the Indian pharmaceuticals industry supplies over 50% of the global demand for different vaccines, making it the third-largest industry in terms of pharmaceutical production worldwide
  • Moreover, the advancing construction industry in countries such as China, Japan, and India is further driving the demand for maleic anhydride in the region. According to the International Trade Administration, China is the world’s largest construction market and is further anticipated to witness a growth of around 8.6% from 2022 to 2030


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Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.4 Information Analysis
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing
1.6.1 Research Scope And Assumptions
1.6.2 List To Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segmental Outlook
2.3 Competitive Insights
Chapter 3 Maleic Anhydride: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Petrochemicals Market Outlook
3.2 Industry Value Chain Analysis
3.2.1 Raw Material Trends
3.2.1.1 N-Butane
3.2.1.2 Benzene
3.2.2 Manufacturing Trends
3.2.2.1 Technology Trends
3.2.2.1.1 Fixed Bed Technology
3.2.2.1.2 Fluidized Bed Technology
3.2.2.1.3 Transport Bed Technology
3.2.2.1.4 Recovery From Phthalic Anhydride
3.2.3 Sales Channel Analysis
3.2.4 Vendor Selection Criteria Analysis
3.3 Price Trend Analysis, 2018-2030
3.4 Regulatory Framework
3.5 Trade Analysis
3.5.1 Import & Export Statistics, 2018 - 2022
3.6 Market Dynamics
3.6.1 Market Driver Analysis
3.6.1.1 Growing Demand For UPR In The Global Construction Industry
3.6.1.2 Flourishing Global Automotive Industry
3.6.2 Market Restraint Analysis
3.6.2.1 Volatile Raw Material Prices
3.6.3 Industry Challenges
3.7 Business Environment Analysis
3.7.1 Industry Analysis - Porter
3.7.2 Macroeconomic Analysis: PESTEL Analysis
Chapter 4 Maleic Anhydride Market: Application Estimates & Trend Analysis
4.1 Application Movement Analysis & Market Share, 2022 & 2030
4.1.1 Unsaturated Polymer Resin (UPR)
4.1.2 1-4, Butanediol (BDO)
4.1.3 Additives
4.1.4 Copolymers
4.1.5 Other Applications
Chapter 5 Maleic Anhydride Market: Regional Estimates & Trend Analysis
5.1 Maleic Anhydride Market: Regional Outlook
5.2 North America
5.2.1 North America Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.2.2 U.S.
5.2.2.1 Key Country Dynamics
5.2.2.2 U.S. Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.2.3 Canada
5.2.3.1 Key Country Dynamics
5.2.3.2 Canada Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3 Europe
5.3.1 Europe Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3.2 Germany
5.3.2.1 Key Country Dynamics
5.3.2.2 Germany Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3.3 UK
5.3.3.1 Key Country Dynamics
5.3.3.2 UK Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3.4 France
5.3.4.1 Key Country Dynamics
5.3.4.2 France Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3.5 Italy
5.3.5.1 Key Country Dynamics
5.3.5.2 Italy Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4 Asia Pacific
5.4.1 Asia Pacific Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.2 China
5.4.2.1 Key Country Dynamics
5.4.2.2 China Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.3 India
5.4.3.1 Key Country Dynamics
5.4.3.2 India Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.4 Japan
5.4.4.1 Key Country Dynamics
5.4.4.2 Japan Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.5 South Korea
5.4.5.1 Key Country Dynamics
5.4.5.2 South Korea Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5 Central & South America
5.5.1 Central & South America Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5.2 Brazil
5.5.2.1 Key Country Dynamics
5.5.2.2 Brazil Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.6 Middle East & Africa
5.6.1 Middle East & Africa Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6 Competitive Landscape
6.1 Participant’s Overview
6.2 Financial Performance
6.3 Product Benchmarking
6.4 Company Categorization
6.5 Company Heat Map Analysis
6.6 Key Company Positioning Analysis, 2022
6.7 Vendor Landscape
6.7.1 List Of Key Distributors & Channel Partners
6.7.2 List Of Key Customers
6.8 Key Company Market Share, 2022
6.9 Strategy Mapping
6.9.1 Expansion
6.9.2 Mergers & Acquisition
6.9.3 Price Hike
6.9.4 Other Strategies
6.10 Company Listing (Business Overview, Financial Performance, Application Benchmarking)
6.10.1 Cepsa
6.10.2 INEOS
6.10.3 Huntsman International LLC
6.10.4 Lanxess A.G.
6.10.5 Mitsubishi Chemical Corp.
6.10.6 MOL Hungarian Oil & Gas Plc
6.10.7 Nippon Shokubai Co., Ltd.
6.10.8 Polynt Group
6.10.9 Thirumalai Chemicals Ltd.
6.10.10 Jiangyin Shunfei
6.10.11 Tianjin Bohai Chemicals
List of Tables
Table 1 Maleic Anhydride Import, By Key Countries, 2018 - 2022 (Volume; Tons)
Table 2 Maleic Anhydride Import, By Key Countries, 2018 - 2022 (Value; USD Thousand)
Table 3 Maleic Anhydride Export, By Key Countries, 2018 - 2022 (Volume; Tons)
Table 4 Maleic Anhydride Export, By Key Countries, 2018 - 2022 (Value; USD Thousand)
Table 5 Applications of UPR in the Construction Industry
Table 6 U.S. macro-economic outlay
Table 7 Canada macro-economic outlay
Table 8 Germany macro-economic outlay
Table 9 UK macro-economic outlay
Table 10 France macro-economic outlay
Table 11 Italy macro-economic outlay
Table 12 China macro-economic outlay
Table 13 India macro-economic outlay
Table 14 Japan macro-economic outlay
Table 15 South Korea macro-economic outlay
Table 16 Brazil macro-economic outlay
Table 17 Company Heat Map Analysis
Table 18 List of Key Distributors & Channel Partners
Table 19 List of Key Customers
Table 20 Key Companies undergoing expansions
Table 21 Key Companies involved in M&A
Table 22 Key Companies undergoing Price Hike
Table 23 Key Companies undertaking other strategies
List of Figures
Fig. 1 Maleic Anhydride Market Segmentation & Scope
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Maleic Anhydride Market Snapshot
Fig. 7 Maleic Anhydride Market Segmental Outlook
Fig. 8 Maleic Anhydride Market Competitive Insights
Fig. 9 Maleic Anhydride Market Value, 2022 (USD Billion)
Fig. 10 Maleic Anhydride Market - Value Chain Analysis
Fig. 12 Maleic Anhydride Market - Market Dynamics
Fig. 13 Global Automotive Sales, 2019 - 2021
Fig. 14 Average Crude Oil Prices, 2015 - 2022 (USD/Barrel)
Fig. 15 PORTER’S Analysis
Fig. 16 PESTEL Analysis
Fig. 17 Maleic Anhydride Market Estimates & Forecasts, by Application: Key Takeaways
Fig. 18 Maleic Anhydride Market Share, By Application, 2022 & 2030
Fig. 19 Maleic Anhydride Market Estimates & Forecasts, in Unsaturated Polymer Resin (UPR), 2018 - 2030 (Kilotons) (USD Million)
Fig. 20 Maleic Anhydride Market Estimates & Forecasts, in 1-4, Butanediol (BDO), 2018 - 2030 (Kilotons) (USD Million)
Fig. 21 Maleic Anhydride Market Estimates & Forecasts, in Additives, 2018 - 2030 (Kilotons) (USD Million)
Fig. 22 Maleic Anhydride Market Estimates & Forecasts, in Copolymers, 2018 - 2030 (Kilotons) (USD Million)
Fig. 23 Maleic Anhydride Market Estimates & Forecasts, in Other Applications, 2018 - 2030 (Kilotons) (USD Million)
Fig. 24 Maleic Anhydride Market Revenue, by Region, 2022 & 2030, (USD Million)
Fig. 25 North America Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 26 U.S. Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 27 Canada Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 28 Europe Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 29 Germany Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 30 UK Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 31 France Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 32 Italy Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 33 Asia Pacific Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 34 China Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 35 India Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 36 Japan Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 37 South Korea Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 38 Central & South America Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 39 Brazil Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 40 Middle East & Africa Maleic Anhydride Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)

Companies Mentioned

  • Cepsa
  • INEOS
  • Huntsman International LLC
  • Lanxess A.G.
  • Mitsubishi Chemical Corp.
  • MOL Hungarian Oil & Gas Plc
  • Nippon Shokubai Co., Ltd.
  • Polynt Group
  • Thirumalai Chemicals Ltd.
  • Jiangyin Shunfei
  • Tianjin Bohai Chemicals

Methodology

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