Product Code: h1472
“Maleic Anhydride Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global maleic anhydride market.
This report focuses on maleic anhydride market which is experiencing strong growth. The report gives a guide to the maleic anhydride market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Where is the largest and fastest growing market for the maleic anhydride? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Maleic Anhydride market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider maleic anhydride market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The maleic anhydride market section of the report gives context. It compares the maleic anhydride market with other segments of the maleic anhydride market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, maleic anhydride indicators comparison.
Scope
Markets Covered:
- 1) By Type: Solid Maleic Anhydride; Molten Maleic Anhydride
- 2) By Raw Material: Benzene; N-Butane
- 3) By Application: Unsaturated Polyester Resin; Copolymers; Lubricant Additives; Alkyl Succinic Anhydrides; Malic Acid; Furmaric Acid
- 4) By End User: Construction; Automobile; Food and Beverage; Oil Products; Electronics; Personal Care; Pharmaceuticals; Agriculture
- Companies Mentioned: Huntsman Corporation; Lanxess AG; Mitsubishi Chemical Corporation; Helm AG; Ningbo Jiangning Chemical Co. Ltd.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Executive Summary
Major players in the maleic anhydride market are: Huntsman Corporation, Lanxess AG, Mitsubishi Chemical Corporation, Helm AG, Ningbo Jiangning Chemical Co. Ltd, Nippon Shokubai Co. Ltd., Ashland Inc, Changzhou Shuguang Chemical, Bartek Ingredients, BASF, Cepsa, Polynt group, Sasol, Flint Hills Resources, Zibo Qixing Tengda Chemical, Yongsan Chemicals Inc., Tianjin Bohai Chemicals, Thirumalai Chemicals Limited, Gulf Advanced Chemical Industries Co. Ltd., MOL group, Yunnan Yunwei Company Limited, Jiangyin Shunfei Fine chemical, Jiangsu Zhongteng Chemical, Fuso Chemical Co., Mitsui Chemicals, Shandong Hongxin Chemical Co. Ltd, Baotie Hebei, Aekyung Petrochemical Co. Ltd., DSM NV, Merck & Co. Inc., and Bluestar Harbin Petrochemical corp.
The global maleic anhydride market is expected to grow from $3.07 billion in 2021 to $3.22 billion in 2022 at a compound annual growth rate (CAGR) of 5.10%. The growth is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.03 billion in 2026 at a CAGR of 5.73%.
The maleic anhydride market consists of sales of maleic anhydride (MAN) by entities (organizations, sole traders, and partnerships) that are used for the manufacturing of unsaturated polyester resins (UPR), as lubricating oil additives, as dispersants, and corrosion inhibitors. It is a chemical intermediate formed after the oxidation of benzene or butane in the presence of a vanadium oxide catalyst. Maleic anhydride is a colourless or white solid, cyclic dicarboxylic anhydride organic chemical. MAN is used as a food preservative, flavour enhancer, and artificial sweetener after converting to maleic or fumaric acid and has broad applications in pharmaceutics, agricultural products, and surfactants.
The main types of maleic anhydride are solid maleic anhydride and molten maleic anhydride. Solid maleic anhydride is primarily used in the formation of unsaturated polyester resins and is in solid form in nature. Maleic anhydride is made of different raw materials such as benzene and n-butane that are used by end users in various sectors such as construction, automobiles, food and beverages, oil products, electronics, personal care, pharmaceuticals, and agriculture. Maleic anyhydride is used in unsaturated polyster resin, copolymers, lubricant additives, alkyl succinic anhydrides, malic acid, fumaric acid.
Asia-Pacific was the largest region in the Maleic Anhydride market in 2021 and is also expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The rising demand for automobiles globally has contributed to the growth of the maleic anhydride market. The automobile industry is a business of producing and selling self-powered vehicles, including passenger cars, trucks, farm equipment, and other commercial vehicles. The automobile industry uses unsaturated polyester resin (UPR) derived from maleic anhydride for building parts due to its design versatility, lightweight, and mechanical properties. According to a report from January 2021, General Motors Co. (GM) reported a 4.8% increase in deals, while Toyota and Volkswagen saw their deals rise by 9.4% and 10.8%. This rise has, in turn, boosted the growth of maleic anhydride and its product market.
Increased investments in research and development are a key trend gaining popularity in the maleic anhydride markets. Major pharmaceutical companies operating in the maleic anhydride market are focused on exploring the potential of L-malic acid in dietary supplements. There has been a substantive demand for cardioprotective and immunity-boosting ingredients all over the world. For instance, the current and tenth editions of the global maleic anhydride market size outlook to 2028 estimate the market to register a moderate-to-high growth rate during the forecasted period. Major companies in the maleic anhydride market are working to launch new products and solutions by modestly reducing R&D budgets and looking for investments. Additionally, malic acid has shown promise in treating patients with fibromyalgia, and the therapeutic application has thereby attracted sizable R&D investments from several pharmaceutical companies.
In September 2019, Huntsman Corporation, a US-based company, acquired the remaining 50% of the Sasol-Huntsman maleic anhydride joint venture from Sasol for $100 million. Through this acquisition, Huntsman owned 100% of Sasol with its manufacturing assets located in Moers, Germany, and the capacity to produce 230 million pounds annually of maleic anhydride. Sasol Limited is a company located in South Africa that deals with integrated energy and chemicals.
The countries covered in the Maleic Anhydride market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Table of Contents
1. Executive Summary
2. Maleic Anhydride Market Characteristics
3. Maleic Anhydride Market Trends And Strategies
4. Impact Of COVID-19 On Maleic Anhydride
5. Maleic Anhydride Market Size And Growth
- 5.1. Global Maleic Anhydride Historic Market, 2016-2021, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Maleic Anhydride Forecast Market, 2021-2026F, 2031F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Maleic Anhydride Market Segmentation
- 6.1. Global Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Solid Maleic Anhydride
- Molten Maleic Anhydride
- 6.2. Global Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Benzene
- N-Butane
- 6.3. Global Maleic Anhydride Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Unsaturated Polyester Resin
- Copolymers
- Lubricant Additives
- Alkyl Succinic Anhydrides
- Malic Acid
- Furmaric Acid
- Others
- 6.4. Global Maleic Anhydride Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Construction
- Automobile
- Food and Beverage
- Oil Products
- Electronics
- Personal Care
- Pharmaceuticals
- Agriculture
7. Maleic Anhydride Market Regional And Country Analysis
- 7.1. Global Maleic Anhydride Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 7.2. Global Maleic Anhydride Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Maleic Anhydride Market
- 8.1. Asia-Pacific Maleic Anhydride Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 8.3. Asia-Pacific Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Maleic Anhydride Market
- 9.1. China Maleic Anhydride Market Overview
- 9.2. China Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
- 9.3. China Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Maleic Anhydride Market
- 10.1. India Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 10.2. India Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Maleic Anhydride Market
- 11.1. Japan Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 11.2. Japan Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Maleic Anhydride Market
- 12.1. Australia Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 12.2. Australia Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Maleic Anhydride Market
- 13.1. Indonesia Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 13.2. Indonesia Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Maleic Anhydride Market
- 14.1. South Korea Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 14.2. South Korea Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Maleic Anhydride Market
- 15.1. Western Europe Maleic Anhydride Market Overview
- 15.2. Western Europe Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 15.3. Western Europe Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Maleic Anhydride Market
- 16.1. UK Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 16.2. UK Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Maleic Anhydride Market
- 17.1. Germany Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 17.2. Germany Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Maleic Anhydride Market
- 18.1. France Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 18.2. France Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Maleic Anhydride Market
- 19.1. Eastern Europe Maleic Anhydride Market Overview
- 19.2. Eastern Europe Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 19.3. Eastern Europe Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Maleic Anhydride Market
- 20.1. Russia Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 20.2. Russia Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Maleic Anhydride Market
- 21.1. North America Maleic Anhydride Market Overview
- 21.2. North America Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 21.3. North America Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Maleic Anhydride Market
- 22.1. USA Maleic Anhydride Market Overview
- 22.2. USA Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 22.3. USA Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Maleic Anhydride Market
- 23.1. South America Maleic Anhydride Market Overview
- 23.2. South America Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 23.3. South America Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Maleic Anhydride Market
- 24.1. Brazil Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 24.2. Brazil Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Maleic Anhydride Market
- 25.1. Middle East Maleic Anhydride Market Overview
- 25.2. Middle East Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 25.3. Middle East Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Maleic Anhydride Market
- 26.1. Africa Maleic Anhydride Market Overview
- 26.2. Africa Maleic Anhydride Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 26.3. Africa Maleic Anhydride Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Maleic Anhydride Market Competitive Landscape And Company Profiles
- 27.1. Maleic Anhydride Market Competitive Landscape
- 27.2. Maleic Anhydride Market Company Profiles
- 27.2.1. Huntsman Corporation
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Lanxess AG
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Mitsubishi Chemical Corporation
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Helm AG
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Ningbo Jiangning Chemical Co. Ltd
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Maleic Anhydride Market
29. Maleic Anhydride Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Research Inquiries
- 30.4. The Business Research Company
- 30.5. Copyright And Disclaimer