[Online Quarterly Update]The Maleic Anhydride market witnessed a demand of 2.4 million tons in 2020 and is anticipated to grow at a healthy CAGR of 4.5% through the forecast period 2030. Maleic Anhydride is a solid, colorless or white colored, highly reactive organic compound, having a very solid strong and bitter smell. Commercially, Maleic Anhydride is produced by the vapor phase oxidation of n-butane or benzene at a very high temperature (400-430oC). In this method, the methyl groups get converted into carboxylate and dehydrogenates. After dissolving in water, Maleic Anhydride forms maleic acid. It is easily soluble in ethanol, acetone, and dioxane while, partially soluble in benzene, chloroform, and toluene. Maleic Anhydride is used prominently for the production of Unsaturated Polyester Resin (UPR) which is further used in many industrial applications such as in the manufacturing of high-performance components used in transportation and marine industry, fiber reinforced plastics and filled plastic products like sanitary ware, pipes, tanks, gratings etc. The growing Building and Construction sector along with Automotive is going to drive the demand for Maleic anhydride in the forecast period.
Additionally, Maleic Anhydride is also used as a key ingredient in the production of 1:4 butanediol and tetrahydrophthalic anhydrides (curing agents), Paints and resins, Plasticizers and other copolymers. Maleic Anhydride also finds application as a precursor or additive in lubricants, food additives (fumaric acid, succinic acid & malic acid), surfactants (water treatment detergents), agrochemicals (Insecticides and pesticides), pharmaceuticals, paper sizing, hairsprays, petroleum additives, and artificial sweeteners. Hence, Maleic Anhydride is a versatile chemical that is used in almost all the chemical industries and its wide range applications are expected to boost its market growth in the upcoming years.
The major end use industries are Automotive, Building and Construction, Food and Beverage, Agriculture, Electronics, Personal Care, Pharmaceutical and Others. The boom in Food & Beverages and Automobile industries is likely to fuel the demand for Maleic Anhydride in the forecast period. However, the key raw materials used for producing Maleic Anhydride are Benzene and n-Butane (Petrochemical derivatives), hence, the volatility in the prices of Crude oil will directly influence the prices of Maleic Anhydride and its derivatives, which may hamper its market growth in the forecast period.
In first half of 2020, due to the spread of COVID-19 across the globe, major economies had imposed nationwide lockdowns which impacted most of the industries due to slowdown in their operational activities coupled with the trade restrictions and disturbance in the supply and demand chain. There was a decline in the demand of Maleic Anhydride due to the drop in the production and sales of Automobiles and slowdown in the infrastructural activities. Though there was a surge in the Maleic Anhydride demand from the other end use industries like Food & Beverages, Agrochemicals, Surfactants and Pharmaceuticals amid pandemics. However, since the end of 2020, an improvement is witnessed in the demand of Maleic Anhydride as all the industries start operating their manufacturing units at maximum efficiencies coupled with the strong recovery in the automotive and construction sectors and is anticipated to grow at a significant rate in the forecast period.
Region wise, Asia Pacific holds the major demand share of the Maleic Anhydride market owing to expanding Food and Beverage, Automotive and construction sectors in the region coupled with the rapid industrialization, growing population and a huge consumer base in the region. Moreover, a strong demand for Maleic Anhydride from emerging economies like China, India and Japan is likely to propel the market growth of Maleic Anhydride. Additionally, China is the largest producer of Electronics and among the leading producer of Automobiles which is also likely to drive the market for Maleic Anhydride over the forecast period.
The leading players of Maleic Anhydride market are Huntsman Corporation LLC., Polynt, LANXESS AG, HELM AG, Mitsubishi Chemical Corporation, Thirumalai Chemicals Ltd., Nippon Shokubai Co. Ltd., MOL Hungarian Oil & Gas Plc., Royal DSM N.V., and Others.
Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• The primary objective of the study was to evaluate and forecast the Maleic Anhydride capacity, production, demand, inventory, and demand–supply gap globally.
• To categorize Maleic Anhydride demand based on End Use, Product Type, Region, and Distribution channel
• To identify major customers of Maleic Anhydride globally.
• To evaluate and forecast Maleic Anhydride pricing globally.
• To identify and profile major companies operating globally Maleic Anhydride market.
• To identify major news, deals and expansion plans globally Maleic Anhydride market.

To extract data for Global Maleic Anhydride market, primary research surveys were conducted with Maleic Anhydride manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, Chemanol’s was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, chemicals analyzed various end user segments and projected a positive outlook for Global Maleic Anhydride market over the coming years.
ChemAnalyst calculated Maleic Anhydride demand globally by analyzing the historical data and demand forecast which was carried out considering the Application industries growth. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience
• Maleic Anhydride manufacturers and other stakeholders
• Organizations, forums and alliances related to Maleic Anhydride distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Maleic Anhydride manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, the Global Maleic Anhydride market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
|
Details
|
Market size volume in 2020
|
2.4 million tons
|
Growth Rate
|
CAGR of 4.5% from 2021 to 2030
|
Base year for estimation
|
2020
|
Historic Data
|
2015 – 2019
|
Forecast period
|
2021 – 2030
|
Quantitative units
|
Revenue in USD million/billion and CAGR from 2021 to 2030
|
Report coverage
|
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
|
Segments covered
|
1. End Use: (Automotive, Building and Construction, Food and Beverage, Agriculture, Electronics, Personal Care, Pharmaceutical and Others)
2. Product Type: (Unsaturated Polyester Resin (URP),1,4-Butanediol, tetrahydrophthalic anhydrides, Plasticizers, Resins, Surfactants, Lubricant Additives, MA copolymers, Food Additives and Others)
3. Distribution Channel (Direct/Institutional Sales, Other Channel Sales)
|
Regional scope
|
North America; Europe; Asia Pacific; South America; Middle East & Africa
|
Country scope
|
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
|
Key companies profiled
|
Huntsman Corporation LLC., LANXESS AG, Polynt, HELM AG, Mitsubishi Chemical Corporation, Thirumalai Chemicals Ltd., Nippon Shokubai Co. Ltd., MOL Hungarian Oil & Gas Plc., Royal DSM N.V. |
Customization scope
|
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
|
Pricing and purchase options
|
|
Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you can’t find what, you are looking for then please get in touch with our custom research team at sales@chemanalyst.com