Maleic Anhydride Market
Maleic Anhydride Market Analysis By Raw Material (n-butane, and Benzene), By Application (UPR, 1,4 – BDO, Lubricating Oil Additives, Copolymers) and Region - Global Market Insights 2022 to 2032
Analysis of Maleic Anhydride market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Maleic Anhydride Market Overview
The global maleic anhydride market size was valued at US$ 2.8 Billion in 2021 and is projected to be valued at US$ 2.9 Billion in 2022. During the 2022-2032 period of assessment, demand is expected to rise at a 3.4% value CAGR, likely to reach US$ 4.1 Billion by the end of the said forecast period.
Overall, the Maleic Anhydride landscape is poised to yield an absolute dollar opportunity worth US$ 1.2 Billion until 2032. Sales of Maleic Anhydride will continue to flourish, with a documented CAGR of 4.0% from 2015-2021.
Moreover, n-butane and lubricating oil additives will continue to remain the primary beneficiaries of the market, likely to register a CAGR worth 3.4% and 3.3% respectively, from 2022 to 2032. The US represents the highest maleic anhydride market share.
Report Attributes |
Details |
|---|---|
|
Anticipated Base Year Value (2021) |
US$ 2.8 Billion |
|
Expected Market Value (2022) |
US$ 2.9 Million |
|
Projected Forecast Value (2032) |
US$ 4.1 Billion |
|
Global Growth Rate (2022-2032) |
3.4% CAGR |
|
Growth Rate of the U.S (2022-2032) |
3.2% CAGR |
|
Expected Market Value of China (2032) |
US$ 293.5 Million |
|
Dollar Opportunity in Japan (2022-2032) |
US$ 39.9 Million |
|
Key Maleic Anhydride Service Providers |
|
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Maleic Anhydride Market Revenue Analysis 2015-2021 vs. Future Outlook 2022-2032
Unsaturated polyester resins (UPR) are used in the production of lighter, stronger fiberglass composites for boats, cars, construction, wind turbine blades, and a diverse range of consumer products. It is a key ingredient in the manufacture of copolymers that enable the use of more sustainable raw materials, for example, to bind wood fibers into plastic, inhibit corrosion, create protective coatings for wire, and repel water in sunscreens.
Unsaturated polyester resins are used for a wide range of applications, making them a thermosetting system of major importance. These resins are compounded with varied fillers and reinforcements and cured using free-radical initiators to yield thermoset articles having a wide range of chemical and mechanical properties depending on the choice of diacids, diols, cross-linking agents, initiators, and other additives.
The demand for UPR is growing rapidly, and buildings and sanitary ware form the largest market for reinforced polyester resin (composite materials).
Demand for lightweight and fuel-saving materials may also drive the need for lighter and stronger fiberglass composites in the automotive and marine industries. Unsaturated polyester resin (UPR) is a major raw material for fiberglass composites, and hence, the demand for maleic anhydride is expected to be positive.
Construction is one of the largest end-use industries in North America. The US implemented a National Infrastructure Plan to attract USD 590 billion in infrastructure investment from 2014 to 2018.
Such developmental initiatives led to an increase in spending in the construction sector, thereby fueling the demand for UPR. The growth of the marine and automotive sectors also propelled the demand for UPR in the region in the last few years. All these factors in turn led to massive maleic anhydride market growth.
Germany has the largest construction industry in Europe. The construction industry in the country has been growing at a slow pace, which is majorly driven by the increasing number of new residential construction activities.
According to industry experts, the completion of construction of new houses was estimated to be around 315,000 units in 2019, which was higher, when compared to total completions in 2018, which were 300,000 units. The increasing migration to the country has been stimulating the current demand for new residential construction.
About 3.6 million migrants were expected to arrive in Germany by the end of 2020-2021, which will require at least 350,000 new dwellings per year.
Maleic anhydride serves as the raw material used to produce unsaturated polyester resins. These resins are synthesized using maleic anhydride, along with phthalic anhydride, propylene glycol, and adipic acid.
All the aforementioned factors are expected to boost the demand for maleic anhydride over the forecast period.
Commercialization of bio-based maleic anhydride
Maleic anhydride is traditionally produced through the oxidation of aromatic compounds. The key players in the market are continually innovating to develop alternative feedstock for maleic anhydride due to the growing awareness regarding the toxicity of benzene and other aromatic compounds.
Although there is an alternative for petroleum-based maleic anhydride available in the market, there are few applications, such as UPR, copolymers, and 1,4-BDO, wherein maleic anhydride cannot be replaced by other substitutes.
Hence, to solve this problem, an alternative to the petroleum-based maleic anhydride is available—bio-based maleic anhydride—that can be produced using a renewable source as feedstock. The bio-based raw material is fermented to produce a mixture comprising butanol, which is further purified and then oxidized to get the desired maleic anhydride.
The use of bio-based feedstock has its own advantages over conventional ones. The oil resources are limited, and the extraction of benzene and its further oxidation are expensive procedures.
In addition, the manufacturers have to rely on tougher technologies and sophisticated equipment, which directly affects the manufacturing cost of maleic anhydride. In order to overcome these constraints, the commercialization of bio-based maleic anhydride on a large scale is essential.
The increasing sales of passenger cars and commercial vehicles drive the maleic anhydride market in the automotive industry. Maleic anhydride is used as an ingredient in UPR, which is further used to manufacture automotive composites, such as closure panels, body panels, fenders, Grille Opening Reinforcement (GOR), heat shields, headlamp reflectors, and pick-up boxes.
Increasing demand for UPR & 1,4-BDO from the automotive industry
Maleic anhydride copolymers are also used to manufacture lubricant additives, such as viscosity index improvers, pour point depressants, and dispersants. The increasing sales of passenger and commercial vehicles, globally, are driving the overall market.
The motorization rate has increased over the past five years in developed and developing countries, owing to the increasing disposable income of people and industrial growth. The consistent rise in the number of vehicles is increasing the demand for engine oil, functional fluids, and automotive components in emerging economies; thus, positively influencing the maleic anhydride market.
Key Challenges Prevalent in the Global Market
Frequent Fluctuations in the crude oil prices
Crude oil costs play a major role in the maleic anhydride market. Any structural change in the oil market impacts the raw material expenses for maleic anhydride. The fluctuations of crude oil prices tend to place the maleic anhydride producers in detrimental situations, which affect profitability.
In the last few years, the fluctuating prices of the crude oil have affected the value chain of the maleic anhydride as crude oil is the raw material for benzene, that is used in the production and manufacturing of maleic anhydride.
Since 2011, the countries that eat big quantities of strength have been dealing with oil costs above USD 100 per barrel, which had fallen to about USD 50 per barrel in March 2020. Therefore, fluctuating crude oil prices have created uncertainties for maleic anhydride producers.
Attributing to fluctuating base oil prices, the decision to purchase crude oil has turned out to be difficult, as manufacturers are unsure of the prices at which they should purchase crude oil.
Growth in demand for hybrid vehicles and increasing battery price parity
Hybrid vehicles contain both a small Internal Combustion Engine (ICE) and an electric motor for optimum power utilization and reducing emissions from vehicles.
The growing number of hybrid vehicles is expected to reduce the demand for engine oil, functional fluid, and transmission fluid per vehicle, almost by half, according to industry experts. This factor, coupled with the increasing battery parity, is expected to impact the volume of the maleic anhydride market.
Batteries for electric vehicles are very expensive; however, with improved technology, their cost is reducing, and the driving range per charge is increasing. These factors have a huge impact on engine oil consumption, especially with decreasing battery costs.
The demand for electric vehicles is expected to increase, thereby decreasing the overall engine oil consumption; which is expected to decrease the demand for maleic anhydride in lubricating oil additives.
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Comparative View of Adjacent Maleic Anhydride Market
Maleic Anhydride Market:
|
Attributes |
Maleic Anhydride Market |
|
CAGR (2022-2032) |
3.4% |
|
Market Value (2032) |
US$ 4.1 Bn |
|
Growth Factor |
Increasing demand for UPR in the automotive industry is expected to fuel the market’s growth. |
|
Opportunity |
Commercialization of bio-based maleic anhydride is the major growth opportunity for the market. |
|
Key Trends |
High growth in the construction and wind energy industries and growing demand of 1,4-BDO in various end-use industries are major driving factors. |
Benzene Market:
|
Attributes |
Benzene Market |
|
CAGR (2022-2032) |
3.0% |
|
Market Value (2032) |
US$ 55.0 Mn |
|
Growth Factor |
The increasing demand for styrene polymers from various end-user industries such as textile, packaging, and building and construction, is expected to drive the market’s growth. |
|
Opportunity |
Downstream expansion or upcoming plants in the petrochemical business may create opportunities for the market in the coming years. |
|
Key Trends |
An increase in food and e-commerce applications, boosts the market demand for benzene. |
Ethylene Copolymers Market:
|
Attributes |
Ethylene Copolymers Market |
|
CAGR (2022-2032) |
4.2% |
|
Market Value (2032) |
US$ 86.6 Bn |
|
Growth Factor |
The packaging and automobile industries are expected to boost the adoption of ethylene copolymers during the forecast period. |
|
Opportunity |
Owing to its qualities, such as heat resistance, chemical reactivity, formulation flexibility, and cohesion and adhesion, demand for ethylene copolymers is gradually increasing. |
|
Key Trends |
Increased R&D initiatives for technological and equipment development, as well as creative product offerings by companies, are all contributing to the demand for ethylene copolymers. |
Country-wise Analysis
What is the Growth Outlook for Maleic Anhydride in the U.S?
United States to Hold the Largest Market Share
The demand for Maleic Anhydride market in the US is likely to expand at a 3.2% value CAGR until 2032, forecast to yield an opportunity worth US$ 1.5 Billion.
The United States has one of the world’s largest construction industries, and it recorded an annual revenue of USD 1,306 billion in 2019. The United States is a major industrialized nation that houses multiple industries in heavy-scale, medium-scale, and small-scale categories. The country is known for its booming commercial activities.
According to the US Census Bureau, the total residential housing units authorized by building permits in March 2020 were at a seasonally adjusted annual rate of 1,353,000, representing 5% growth over the March 2019 rate of 1,288,000. The total number of privately?owned housing starts in March 2020 were at a seasonally adjusted annual rate of 1,216,000, representing 1.4% growth over the March 2019 rate of 1,199,000.
How do Growth Prospects Appear in the Chinese Market?
China is Expected to Dominate the Market in Asia-Pacific
Maleic anhydride is used in industries such as food and beverage, pharmaceutical, automotive, construction, electronics, personal care, etc., in China. China is a major market for maleic anhydride in the world.
The growing construction industry is one of the major reasons boosting the applications of maleic anhydride in the region. China is globally recognized for its architectural boom. The demand for low-cost housing and commercial housing is the reason for its growth in recent years.
Demographics in the country are expected to continue to spur the growth in residential construction. Rising household income levels combined with population migrating from rural to urban areas are expected to continue to drive the demand for residential construction in the country. Increased focus on affordable housing by the public and private sectors will drive the residential construction sector’s growth.
According to the National Bureau of Statistics of China, the revenue generated by the Chinese construction industry increased from CNY 17.67 trillion in 2014 to CNY 24.84 trillion in 2019.?
The country plans to invest USD 1.43 trillion in the next five years till 2025 in major construction projects. According to the National Development and Reform Commission (NDRC), the Shanghai plan includes an investment of USD 38.7 billion in the next three years, whereas Guangzhou has signed 16 new infrastructure projects with an investment of USD 8.09 billion. China is expected to reach US$ 293.5 Million by 2032, growing at a 2.8% CAGR.
Is Japan likely to emerge as an Opportunistic Maleic Anhydride Industry?
Increasing demand from end-use industries
Japan is projected to be a significant maleic anhydride market, in terms of value, owing to the rise in the automotive production.
This dominance is attributed to the growing domestic industries, increasing demand from end-use industries, and growing use of maleic anhydride in different applications, such as agricultural chemicals and pharmaceuticals.
Japan is expected to grow at a CAGR of 1.9% and is expected to represent a market share of US$ 236.7 Million by 2032.
Country-wise Forecast CAGRs in the Maleic Anhydride Market
| Country | CAGR |
|---|---|
|
US |
3.2% |
|
China |
2.8% |
|
Japan |
1.9% |
|
UK |
2.2% |
|
South Korea |
1.4% |
Category-wise Insights
Why is the Market Demand Rising Rapidly?
n-butane to be Top Raw Material in the Coming Years
By Raw Material, the n-butane is likely to remain the top category, growing at a value CAGR of 3.4% from 2022-2032.
The n-butane-based maleic anhydride is expected to account for the larger share, in terms of both volume and value during the forecast period. This dominance is expected to continue during the forecast period, owing to its high demand from the growing building & construction and automotive industries.
In addition, the n-butane segment is projected to witness higher growth in the forthcoming years, owing to stringent policies and regulations on the use of benzene for maleic anhydride production.
Which Application is Expected to Leverage Maleic Anhydride the Most?
Lubricating Oil Additives to leverage the Market Growth
The Lubricating Oil Additives of the Maleic Anhydride Market is expected to grow at a value CAGR of 3.3% from 2022-2032.
Lubricating oil additives is considered to be the third-largest application of maleic anhydride. Maleic anhydride is used in the production of hydraulic fluids and lubricating oil, in order to boost the performance of lubricants by providing them static and dust control, alkalinity, corrosion inhibition, emulsification, dispersion, low-temperature fluidity and shear stability.
Lubricating oils are used in diesel engine crankcase and gasoline to prevent corrosion as well as dispersion. The growing automotive industry in the Middle East & Africa and Asia Pacific regions is expected to augment the demand for lubricating oil additives, which, in turn, is expected to accelerate the demand for maleic anhydride in the region.
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Competitive Landscape
The global market for Maleic Anhydride is characterized by the presence of multiple vendors, aiming to offer extensive products to consumers. Additionally, key makers are focusing on developing the technologies supported by the implementation of stringent government regulations, and are offering solutions tailor-made to suit their business objectives. In addition, the vendors are likely to leverage upgradation and product differentiation to gain an edge over other competitors in the market.
- In July 2020, Polynt-Reichhold Group announced to build a 50,000 tons capacity greenfield maleic anhydride plant, to be located at its Morris, Illinois site.
- In September 2019, Huntsman Corporation acquired its remaining 50% interest in the Sasol-Huntsman maleic anhydride joint venture. The acquisition helped Huntsman fully integrate its European business and cater to the specific needs of its key customers, including construction and coatings.
- In December 2019, Nippon Shokubai and Sanyo Chemical merged their respective businesses via a share transfer to form an integrated holding company named Synfomix Co. Ltd. (Kyoto, Japan). The materials division of Synfomix will manufacture products, including ethylene oxide, ethylene glycols, ethanolamines, acrylates, acrylic hydroxy monomers, superabsorbent polymers, maleic anhydride, and maleic anhydride derivatives.
Key Segments Covered in the Maleic Anhydride Industry Report
-
By Raw Material :
- n-butane
- Benzene
-
By Application :
- UPR
- 1,4 – BDO
- Lubricating Oil Additives
- Copolymers
- Others
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Key Market Characteristics & Attributes 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Maleic Anhydride Demand 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.3. Impact on Market Value (US$ Mn) 3.1.4. Assessment by Key Countries 3.1.5. Assessment by Key Market Segments 3.1.6. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Formulation and Product Development Trends 4. Market Background and Foundation Data Points 4.1. Global Protective Coatings Market (US$ Mn) 4.2. Maleic Anhydride Market Opportunity Assessment (US$ Mn) 4.2.1. Total Available Market 4.2.2. Serviceable Addressable Market 4.2.3. Serviceable Obtainable Market 4.3. Market Scenario Forecast 4.3.1. Demand in optimistic Scenario 4.3.2. Demand in Likely Scenario 4.3.3. Demand in Conservative Scenario 4.4. Investment Feasibility Analysis 4.4.1. Investment in Established Markets 4.4.1.1. In Short Term 4.4.1.2. In Long Term 4.4.2. Investment in Emerging Markets 4.4.2.1. In Short Term 4.4.2.2. In Long Term 4.5. Forecast Factors - Relevance & Impact 4.5.1. Top Companies Historical Growth 4.5.2. Global Protective Coatings Market Growth 4.5.3. Maleic Anhydride Adoption Rate, By Country 4.6. Market Dynamics 4.6.1. Market Driving Factors and Impact Assessment 4.6.2. Prominent Market Challenges and Impact Assessment 4.6.3. Maleic Anhydride Market Opportunities 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment 5. Key Success Factors 5.1. Manufacturers’ Focus on Low Penetration High Growth Markets 5.2. Banking on with Segments High Incremental Opportunity 5.3. Peer Benchmarking 6. Global Maleic Anhydride Market Demand Analysis 2015-2021 and Forecast, 2022-2032 6.1. Historical Market Analysis, 2015-2021 6.2. Current and Future Market Projections, 2022-2032 6.3. Y-o-Y Growth Trend Analysis 7. Global Maleic Anhydride Market Value Analysis 2015-2021 and Forecast, 2022-2032 7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021 7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Maleic Anhydride Market Analysis 2015-2021 and Forecast 2022-2032, By Raw Material 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Mn) Analysis By Raw Material, 2015-2021 8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Raw Material, 2022-2032 8.3.1. n-butane 8.3.2. Benzene 8.4. Market Attractiveness Analysis By Raw Material 9. Global Maleic Anhydride Market Analysis 2015-2021 and Forecast 2022-2032, By Application 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Mn) Analysis By Application, 2015-2021 9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2022-2032 9.3.1. UPR 9.3.2. 1,4-BDO 9.3.3. Lubricating Oil Additives 9.3.4. Copolymers 9.3.5. Others 9.4. Market Attractiveness Analysis By Application 10. Global Maleic Anhydride Market Analysis 2015-2021 and Forecast 2022-2032, By Region 10.1. Introduction 10.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021 10.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. Asia Pacific 10.3.5. Middle East and Africa (MEA) 10.4. Market Attractiveness Analysis By Region 11. North America Maleic Anhydride Market Analysis 2015-2021 and Forecast 2022-2032 11.1. Introduction 11.2. Pricing Analysis 11.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 11.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 11.4.1. By Country 11.4.1.1. U.S. 11.4.1.2. Canada 11.4.1.3. Rest of North America 11.4.2. By Raw Material 11.4.3. By Application 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Raw Material 11.5.3. By Application 12. Latin America Maleic Anhydride Market Analysis 2015-2021 and Forecast 2022-2032 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 12.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 12.4.1. By Country 12.4.1.1. Brazil 12.4.1.2. Mexico 12.4.1.3. Rest of Latin America 12.4.2. By Raw Material 12.4.3. By Application 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Raw Material 12.5.3. By Application 13. Europe Maleic Anhydride Market Analysis 2015-2021 and Forecast 2022-2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 13.4.1. By Country 13.4.1.1. Germany 13.4.1.2. France 13.4.1.3. U.K. 13.4.1.4. Italy 13.4.1.5. Benelux 13.4.1.6. Nordic Countries 13.4.1.7. Rest of Europe 13.4.2. By Raw Material 13.4.3. By Application 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Raw Material 13.5.3. By Application 14. Asia Pacific Maleic Anhydride Market Analysis 2015-2021 and Forecast 2022-2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 14.4.1. By Country 14.4.1.1. China 14.4.1.2. Japan 14.4.1.3. South Korea 14.4.1.4. Rest of Asia Pacific 14.4.2. By Raw Material 14.4.3. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Raw Material 14.5.3. By Application 15. Middle East and Africa Maleic Anhydride Market Analysis 2015-2021 and Forecast 2022-2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 15.4.1. By Country 15.4.1.1. GCC Countries 15.4.1.2. South Africa 15.4.1.3. Turkey 15.4.1.4. Rest of Middle East and Africa 15.4.2. By Raw Material 15.4.3. By Application 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Raw Material 15.5.3. By Application 16. Key Countries Maleic Anhydride Market Analysis 2015-2021 and Forecast 2022-2032 16.1. Introduction 16.1.1. Market Value Proportion Analysis, By Key Countries 16.1.2. Global Vs. Country Growth Comparison 16.2. US Maleic Anhydride Market Analysis 16.2.1. Value Proportion Analysis by Market Taxonomy 16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.2.2.1. By Raw Material 16.2.2.2. By Application 16.3. Canada Maleic Anhydride Market Analysis 16.3.1. Value Proportion Analysis by Market Taxonomy 16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.3.2.1. By Raw Material 16.3.2.2. By Application 16.4. Mexico Maleic Anhydride Market Analysis 16.4.1. Value Proportion Analysis by Market Taxonomy 16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.4.2.1. By Raw Material 16.4.2.2. By Application 16.5. Brazil Maleic Anhydride Market Analysis 16.5.1. Value Proportion Analysis by Market Taxonomy 16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.5.2.1. By Raw Material 16.5.2.2. By Application 16.6. Germany Maleic Anhydride Market Analysis 16.6.1. Value Proportion Analysis by Market Taxonomy 16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.6.2.1. By Raw Material 16.6.2.2. By Application 16.7. France Maleic Anhydride Market Analysis 16.7.1. Value Proportion Analysis by Market Taxonomy 16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.7.2.1. By Raw Material 16.7.2.2. By Application 16.8. Italy Maleic Anhydride Market Analysis 16.8.1. Value Proportion Analysis by Market Taxonomy 16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.8.2.1. By Raw Material 16.8.2.2. By Application 16.9. BENELUX Maleic Anhydride Market Analysis 16.9.1. Value Proportion Analysis by Market Taxonomy 16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.9.2.1. By Raw Material 16.9.2.2. By Application 16.10. UK Maleic Anhydride Market Analysis 16.10.1. Value Proportion Analysis by Market Taxonomy 16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.10.2.1. By Raw Material 16.10.2.2. By Application 16.11. Nordic Countries Maleic Anhydride Market Analysis 16.11.1. Value Proportion Analysis by Market Taxonomy 16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.11.2.1. By Raw Material 16.11.2.2. By Application 16.12. China Maleic Anhydride Market Analysis 16.12.1. Value Proportion Analysis by Market Taxonomy 16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.12.2.1. By Raw Material 16.12.2.2. By Application 16.13. Japan Maleic Anhydride Market Analysis 16.13.1. Value Proportion Analysis by Market Taxonomy 16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.13.2.1. By Raw Material 16.13.2.2. By Application 16.14. South Korea Maleic Anhydride Market Analysis 16.14.1. Value Proportion Analysis by Market Taxonomy 16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.14.2.1. By Raw Material 16.14.2.2. By Application 16.15. GCC Countries Maleic Anhydride Market Analysis 16.15.1. Value Proportion Analysis by Market Taxonomy 16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.15.2.1. By Raw Material 16.15.2.2. By Application 16.16. South Africa Maleic Anhydride Market Analysis 16.16.1. Value Proportion Analysis by Market Taxonomy 16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.16.2.1. By Raw Material 16.16.2.2. By Application 16.17. Turkey Maleic Anhydride Market Analysis 16.17.1. Value Proportion Analysis by Market Taxonomy 16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.17.2.1. By Raw Material 16.17.2.2. By Application 16.17.3. Competition Landscape and Player Concentration in the Country 17. Market Structure Analysis 17.1. Market Analysis by Tier of Companies 17.2. Market Concentration 17.3. Market Share Analysis of Top Players 17.4. Market Presence Analysis 17.4.1. By Regional footprint of Players 17.4.2. Product footprint by Players 18. Competition Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Competition Deep Dive 18.3.1. HUNTSMAN CORPORATION 18.3.1.1. Overview 18.3.1.2. Product Portfolio 18.3.1.3. Sales Footprint 18.3.1.4. Strategy Overview 18.3.2. LANXESS AG 18.3.2.1. Overview 18.3.2.2. Product Portfolio 18.3.2.3. Sales Footprint 18.3.2.4. Strategy Overview 18.3.3. NIPPON SHOKUBAI CO., LTD. 18.3.3.1. Overview 18.3.3.2. Product Portfolio 18.3.3.3. Sales Footprint 18.3.3.4. Strategy Overview 18.3.4. MITSUBISHI CHEMICAL CORPORATION 18.3.4.1. Overview 18.3.4.2. Product Portfolio 18.3.4.3. Sales Footprint 18.3.4.4. Strategy Overview 18.3.5. Ashland Inc. 18.3.5.1. Overview 18.3.5.2. Product Portfolio 18.3.5.3. Sales Footprint 18.3.5.4. Strategy Overview 18.3.6. CEPSA 18.3.6.1. Overview 18.3.6.2. Product Portfolio 18.3.6.3. Sales Footprint 18.3.6.4. Strategy Overview 18.3.7. RUSE CHEMICALS 18.3.7.1. Overview 18.3.7.2. Product Portfolio 18.3.7.3. Sales Footprint 18.3.7.4. Strategy Overview 18.3.8. Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL) 18.3.8.1. Overview 18.3.8.2. Product Portfolio 18.3.8.3. Sales Footprint 18.3.8.4. Strategy Overview 18.3.9. Thirumalai Chemicals Ltd. 18.3.9.1. Overview 18.3.9.2. Product Portfolio 18.3.9.3. Sales Footprint 18.3.9.4. Strategy Overview 18.3.10. DSM N.V. 18.3.10.1. Overview 18.3.10.2. Product Portfolio 18.3.10.3. Sales Footprint 18.3.10.4. Strategy Overview 19. Assumptions and Acronyms Used 20. Research Methodology
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List Of Table
Table 01: Global Maleic Anhydride Market Value (US$ Mn), By Raw Material, 2015 – 2021
Table 02: Global Maleic Anhydride Market Value (US$ Mn), By Raw Material, 2022 – 2032
Table 03: Global Maleic Anhydride Market Value (US$ Mn), By Application, 2015 – 2021
Table 04: Global Maleic Anhydride Market Value (US$ Mn), By Application, 2022 – 2032
Table 05: Global Maleic Anhydride Market, By Region, 2015 – 2021
Table 06: Global Maleic Anhydride Market, By Region, 2022 – 2032
Table 07: North America Maleic Anhydride Market Value (US$ Mn), By Raw Material, 2015 – 2021
Table 08: North America Maleic Anhydride Market Value (US$ Mn), By Raw Material, 2022 – 2032
Table 09: North America Maleic Anhydride Market Value (US$ Mn), By Application, 2015 – 2021
Table 10: North America Maleic Anhydride Market Value (US$ Mn), By Application, 2022 – 2032
Table 11: North America Maleic Anhydride Market, By Country, 2015 – 2021
Table 12: North America Maleic Anhydride Market, By Country, 2022 – 2032
Table 13: Latin America Maleic Anhydride Market Value (US$ Mn), By Raw Material, 2015 – 2021
Table 14: Latin America Maleic Anhydride Market Value (US$ Mn), By Raw Material, 2022 – 2032
Table 15: Latin America Maleic Anhydride Market Value (US$ Mn), By Application, 2015 – 2021
Table 16: Latin America Maleic Anhydride Market Value (US$ Mn), By Application, 2022 – 2032
Table 17: Latin America Maleic Anhydride Market, By Country, 2015 – 2021
Table 18: Latin America Maleic Anhydride Market, By Country, 2022 – 2032
Table 19: Europe Maleic Anhydride Market Value (US$ Mn), By Raw Material, 2015 – 2021
Table 20: Europe Maleic Anhydride Market Value (US$ Mn), By Raw Material, 2022 – 2032
Table 21: Europe Maleic Anhydride Market Value (US$ Mn), By Application, 2015 – 2021
Table 22: Europe Maleic Anhydride Market Value (US$ Mn), By Application, 2022 – 2032
Table 23: Europe Maleic Anhydride Market, By Country, 2015 – 2021
Table 24: Europe Maleic Anhydride Market, By Country, 2022 – 2032
Table 25: Asia Pacific Maleic Anhydride Market Value (US$ Mn), By Raw Material, 2015 – 2021
Table 26: Asia Pacific Maleic Anhydride Market Value (US$ Mn), By Raw Material, 2022 – 2032
Table 27: Asia Pacific Maleic Anhydride Market Value (US$ Mn), By Application, 2015 – 2021
Table 28: Asia Pacific Maleic Anhydride Market Value (US$ Mn), By Application, 2022 – 2032
Table 29: Asia Pacific Maleic Anhydride Market, By Country, 2015 – 2021
Table 30: Asia Pacific Maleic Anhydride Market, By Country, 2022 – 2032
Table 31: MEA Maleic Anhydride Market Value (US$ Mn), By Raw Material, 2015 – 2021
Table 32: MEA Maleic Anhydride Market Value (US$ Mn), By Raw Material, 2022 – 2032
Table 33: MEA Maleic Anhydride Market Value (US$ Mn), By Application, 2015 – 2021
Table 34: MEA Maleic Anhydride Market Value (US$ Mn), By Application, 2022 – 2032
Table 35: MEA Maleic Anhydride Market, By Country, 2015 – 2021
Table 36: MEA Maleic Anhydride Market, By Country, 2022 – 2032
Table 37: Global Maleic Anhydride Market Incremental $ Opportunity, By Raw Material, 2015 - 2021
Table 38: Global Maleic Anhydride Market Incremental $ Opportunity, By Application, 2022 – 2032
Table 39: Global Maleic Anhydride Market Incremental $ Opportunity, By Region, 2022 – 2032
Table 40: North America Maleic Anhydride Market Incremental $ Opportunity, By Raw Material, 2015 - 2021
Table 41: North America Maleic Anhydride Market Incremental $ Opportunity, By Application, 2022 – 2032
Table 42: North America Maleic Anhydride Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 43: Latin America Maleic Anhydride Market Incremental $ Opportunity, By Raw Material, 2015 - 2021
Table 44: Latin America Maleic Anhydride Market Incremental $ Opportunity, By Application, 2022 – 2032
Table 45: Latin America Maleic Anhydride Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 46: Europe Maleic Anhydride Market Incremental $ Opportunity, By Raw Material, 2015 - 2021
Table 47: Europe Maleic Anhydride Market Incremental $ Opportunity, By Application, 2022 – 2032
Table 48: Europe Maleic Anhydride Market Incremental $ Opportunity, By Country, 2022 - 2032
Table 49: Asia Pacific Maleic Anhydride Market Incremental $ Opportunity, By Raw Material, 2015 - 2021
Table 50: Asia Pacific Maleic Anhydride Market Incremental $ Opportunity, By Application, 2022 – 2032
Table 51: Asia Pacific Maleic Anhydride Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 52: MEA Maleic Anhydride Market Incremental $ Opportunity, By Raw Material, 2015 - 2021
Table 53: MEA Maleic Anhydride Market Incremental $ Opportunity, By Application, 2022 – 2032
Table 54: MEA Maleic Anhydride Market Incremental $ Opportunity, By Country, 2022 - 2032
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List Of Figures
Figure 01: Global Maleic Anhydride Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 02: Global Maleic Anhydride Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn
Figure 03: Global Maleic Anhydride Market Share, By Raw Material, 2022 & 2032
Figure 04: Global Maleic Anhydride Market Y-o-Y Growth Projections, By Raw Material – 2022-2032
Figure 05: Global Maleic Anhydride Market Attractiveness Index, By Raw Material – 2022-2032
Figure 06: Global Maleic Anhydride Market Share, By Application, 2022 & 2032
Figure 07: Global Maleic Anhydride Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 08: Global Maleic Anhydride Market Attractiveness Index, By Application – 2022-2032
Figure 09: Global Maleic Anhydride Market Share, By Region, 2022 & 2032
Figure 10: Global Maleic Anhydride Market Y-o-Y Growth Projections, By Region – 2022-2032
Figure 11: Global Maleic Anhydride Market Attractiveness Index, By Region – 2022-2032
Figure 12: North America Maleic Anhydride Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 13: North America Maleic Anhydride Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 14: North America Maleic Anhydride Market Share, By Raw Material, 2022 & 2032
Figure 15: North America Maleic Anhydride Market Y-o-Y Growth Projections, By Raw Material – 2022-2032
Figure 16: North America Maleic Anhydride Market Attractiveness Index, By Raw Material – 2022-2032
Figure 17: North America Maleic Anhydride Market Share, By Application, 2022 & 2032
Figure 18: North America Maleic Anhydride Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 19: North America Maleic Anhydride Market Attractiveness Index, By Application – 2022-2032
Figure 20: North America Maleic Anhydride Market Share, By Country, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 22: North America Market Attractiveness Index, By Country – 2022-2032
Figure 23: Latin America Maleic Anhydride Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 24: Latin America Maleic Anhydride Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 25: Latin America Maleic Anhydride Market Share, By Raw Material, 2022 & 2032
Figure 26: Latin America Maleic Anhydride Market Y-o-Y Growth Projections, By Raw Material – 2022-2032
Figure 27: Latin America Maleic Anhydride Market Attractiveness Index, By Raw Material – 2022-2032
Figure 28: Latin America Maleic Anhydride Market Share, By Application, 2022 & 2032
Figure 29: Latin America Maleic Anhydride Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 30: Latin America Maleic Anhydride Market Attractiveness Index, By Application – 2022-2032
Figure 31: Latin America Maleic Anhydride Market Share, By Country, 2022 & 2032
Figure 32: Latin America Maleic Anhydride Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 33: Latin America Maleic Anhydride Market Attractiveness Index, By Country – 2022-2032
Figure 34: Europe Maleic Anhydride Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 35: Europe Maleic Anhydride Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 36: Europe Maleic Anhydride Market Share, By Raw Material, 2022 & 2032
Figure 37: Europe Maleic Anhydride Market Y-o-Y Growth Projections, By Raw Material – 2022-2032
Figure 38: Europe Maleic Anhydride Market Attractiveness Index, By Raw Material – 2022-2032
Figure 39: Europe Maleic Anhydride Market Share, By Application, 2022 & 2032
Figure 40: Europe Maleic Anhydride Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 41: Europe Maleic Anhydride Market Attractiveness Index, By Application – 2022-2032
Figure 42: Europe Maleic Anhydride Market Share, By Country, 2022 & 2032
Figure 43: Europe Maleic Anhydride Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 44: Europe Maleic Anhydride Market Attractiveness Index, By Country – 2022-2032
Figure 45: MEA Maleic Anhydride Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 46: MEA Maleic Anhydride Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 47: MEA Maleic Anhydride Market Share, By Raw Material, 2022 & 2032
Figure 48: MEA Maleic Anhydride Market Y-o-Y Growth Projections, By Raw Material – 2022-2032
Figure 49: MEA Maleic Anhydride Market Attractiveness Index, By Raw Material – 2022-2032
Figure 50: MEA Maleic Anhydride Market Share, By Application, 2022 & 2032
Figure 51: MEA Maleic Anhydride Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 52: MEA Maleic Anhydride Market Attractiveness Index, By Application – 2022-2032
Figure 53: MEA Maleic Anhydride Market Share, By Country, 2022 & 2032
Figure 54: MEA Maleic Anhydride Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 55: MEA Maleic Anhydride Market Attractiveness Index, By Country – 2022-2032
Figure 56: Asia Pacific Maleic Anhydride Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 57: Asia Pacific Maleic Anhydride Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 58: Asia Pacific Maleic Anhydride Market Share, By Raw Material, 2022 & 2032
Figure 59: Asia Pacific Maleic Anhydride Market Y-o-Y Growth Projections, By Raw Material – 2022-2032
Figure 60: Asia Pacific Maleic Anhydride Market Attractiveness Index, By Raw Material – 2022-2032
Figure 61: Asia Pacific Maleic Anhydride Market Share, By Application, 2022 & 2032
Figure 62: Asia Pacific Maleic Anhydride Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 63: Asia Pacific Maleic Anhydride Market Attractiveness Index, By Application – 2022-2032
Figure 64: Asia Pacific Maleic Anhydride Market Share, By Country, 2022 & 2032
Figure 65: Asia Pacific Maleic Anhydride Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 66: Asia Pacific Maleic Anhydride Market Attractiveness Index, By Country – 2022-2032
Figure 67: US Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 68: US Maleic Anhydride Market Share, By Raw Material, 2021
Figure 69: US Maleic Anhydride Market Share, By Application, 2021
Figure 70: Canada Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 71: Canada Maleic Anhydride Market Share, By Raw Material, 2021
Figure 72: Canada Maleic Anhydride Market Share, By Application, 2021
Figure 73: Brazil Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 74: Brazil Maleic Anhydride Market Share, By Raw Material, 2021
Figure 75: Brazil Maleic Anhydride Market Share, By Application, 2021
Figure 76: Mexico Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 77: Mexico Maleic Anhydride Market Share, By Raw Material, 2021
Figure 78: Mexico Maleic Anhydride Market Share, By Application, 2021
Figure 79: Germany Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 80: Germany Maleic Anhydride Market Share, By Raw Material, 2021
Figure 81: Germany Maleic Anhydride Market Share, By Application, 2021
Figure 82: U.K. Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 83: U.K. Maleic Anhydride Market Share, By Raw Material, 2021
Figure 84: U.K. Maleic Anhydride Market Share, By Application, 2021
Figure 85: France Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 86: France Maleic Anhydride Market Share, By Raw Material, 2021
Figure 87: France Maleic Anhydride Market Share, By Application, 2021
Figure 88: Italy Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 89: Italy Maleic Anhydride Market Share, By Raw Material, 2021
Figure 90: Italy Maleic Anhydride Market Share, By Application, 2021
Figure 91: BENELUX Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 92: BENELUX Maleic Anhydride Market Share, By Raw Material, 2021
Figure 93: BENELUX Maleic Anhydride Market Share, By Application, 2021
Figure 94: Nordic Countries Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 95: Nordic Countries Maleic Anhydride Market Share, By Raw Material, 2021
Figure 96: Nordic Countries Maleic Anhydride Market Share, By Application, 2021
Figure 97: China Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 98: China Maleic Anhydride Market Share, By Raw Material, 2021
Figure 99: China Maleic Anhydride Market Share, By Application, 2021
Figure 100: Japan Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 101: Japan Maleic Anhydride Market Share, By Raw Material, 2021
Figure 102: Japan Maleic Anhydride Market Share, By Application, 2021
Figure 103: South Korea Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 104: South Korea Maleic Anhydride Market Share, By Raw Material, 2021
Figure 105: South Korea Maleic Anhydride Market Share, By Application, 2021
Figure 106: GCC Countries Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 107: GCC Countries Maleic Anhydride Market Share, By Raw Material, 2021
Figure 108: GCC Countries Maleic Anhydride Market Share, By Application, 2021
Figure 109: South Africa Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 110: South Africa Maleic Anhydride Market Share, By Raw Material, 2021
Figure 111: South Africa Maleic Anhydride Market Share, By Application, 2021
Figure 112: Turkey Maleic Anhydride Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 113: Turkey Maleic Anhydride Market Share, By Raw Material, 2021
Figure 114: Turkey Maleic Anhydride Market Share, By Application, 2021
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- FAQs -
What was the market worth for Maleic Anhydride in 2021?
As of 2021, the Maleic Anhydride Market was estimated to have reached US$ 2.8 Billion.
What is the expected worth of the Maleic Anhydride Industry in 2022?
By 2022, the expected demand for Maleic Anhydride to reach US$ 2.9 Billion.
At what CAGR did the Maleic Anhydride Market flourish from 2015-2021?
From 2015-2021, the Maleic Anhydride Market grew at a 4.0% value CAGR.
What is the expected forecast CAGR for Maleic Anhydride from 2022-2032?
From 2022-2032, Maleic Anhydride demand is likely to surge at a 3.4% CAGR.
At what value will the market for Maleic Anhydride close in 2032?
By 2032, the market for Maleic Anhydride is likely to be valued at US$ 4.1 Billion.
What is the expected market value for the U.S Maleic Anhydride Market?
By 2032, Fact.MR expects the U.S market for Maleic Anhydride to reach US$ 1.5 Billion.
How opportunistic is the Chinese market for Maleic Anhydride?
China is expected to register a 2.8% CAGR with regard to the Maleic Anhydride Industry.
What is the expected growth rate for the Japanese market?
Japan is expected to document a CAGR worth 1.9% in the Maleic Anhydride Market.
Which Raw Material will account for the maximum Maleic Anhydride revenue?
By Raw Material, n-butane will expand the fastest, expanding at a 3.4% CAGR.
By Application, which category is likely to remain prominent until 2032?
By Application, Lubricating Oil Additives will remain most prominent category, expanding at CAGR of 3.3% until 2032.
Maleic Anhydride Market