Maleic Anhydride Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Product Type (Unsaturated Polyester Resin, BDO, Lubricant Additives, Maleic Anhydride Co-polymers, Malic Acid, Alkyl Succinic Anhydrides, and Other Product Types) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

5 %

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Market Overview

The market for maleic anhydride is expected to grow at a CAGR of more than 5% during the forecast period. The major factor driving the growth of the market studied is the rising global demand for unsaturated polyester resin. On the flip side, increasing government regulations is expected to hinder the growth of the market studied.

  • Unsaturated polyester resin dominated the market with a significant share and is expected to witness a healthy growth rate during the forecast period.
  • Asia-Pacific dominated the market and is expected to continue its dominance during the forecast period.

Scope of the report

The maleic anhydride market report includes:

Product Type
Unsaturated Polyester Resin
BDO (Butanediol)
Lubricant Additives
Maleic Anhydride Co-polymers
Malic Acid
Alkyl Succinic Anhydrides
Other Product Types
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
United Kingdom
France
Germany
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Unsaturated Polyester Resin to Dominate the Market

  • Maleic anhydride serves as the raw material used to produce unsaturated polyester resins.
  • These resins are compounded with varied fillers, reinforcements and cured by using free radical initiators to yield thermoset articles, with a wide range of chemical and mechanical properties, depending upon the choice of material and other additives.
  • UPR occupies the largest share of the market and is expected to continue dominance because of its increasing applications.
  • Demand for UPR is growing rapidly to enable the production of lighter, stronger, fiberglass composites for boats, automotive, construction, bridges, wind turbine blades, pipes, decorative architectural features and a highly varied range of consumer products. Building and sanitary ware forms the largest market for reinforced polyester resin (composite materials).
  • UPR form highly-durable structures and coatings, when they are cross-linked with a vinyl reactive monomer, most commonly styrene.
    Advent of bio unsaturated polyester resins are expected to increase the applicability and product penetration in the already mature and developed market of UPR.

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Asia-Pacific to dominate the Market

  • Asia-Pacific dominated the market with a share of more than 50% and is likely to continue its dominance during the forecast period.
  • China and Japan combined accounted for more than half of the market in the past. However, the demand from India is likely to witness a healthy growth during the forecast period.
  • Maleic anhydride is used in industries such as food and beverage, pharmaceutical, automotive, construction, electronics, personal care etc. in China. China is major market for maleic anhydride in the world.
  • Increasing construction industry is one of the major reason boosting the applications of maleic anhydride in the region.
  • However, decline in automotive industry is likely to have a negative impact on the market studied.

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Competitive Landscape

The market studied is fragmented among the top players. The key players include Huntsman Corporation LLC, Polynt Group, LANXESS, Ningbo Jiangning Chemical, and SHANDONG HONGXIN CHEMICAL CO. LTD., among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Global Demand for Unsaturated Polyester Resin

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Increasing Government Regulations

      2. 4.2.2 Impact of COVID-19 Pandemic

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Trade Analysis

    6. 4.6 Price Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Unsaturated Polyester Resin

      2. 5.1.2 BDO (Butanediol)

      3. 5.1.3 Lubricant Additives

      4. 5.1.4 Maleic Anhydride Co-polymers

      5. 5.1.5 Malic Acid

      6. 5.1.6 Alkyl Succinic Anhydrides

      7. 5.1.7 Other Product Types

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 United Kingdom

        2. 5.2.3.2 France

        3. 5.2.3.3 Germany

        4. 5.2.3.4 Italy

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 South Africa

        2. 5.2.5.2 Saudi Arabia

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Ashland

      2. 6.4.2 Formosa Plastics Corporation

      3. 6.4.3 HELM AG

      4. 6.4.4 Huntsman International LLC

      5. 6.4.5 LANXESS

      6. 6.4.6 Mitsubishi Chemical Corporation

      7. 6.4.7 Ningbo Jiangning Chemical

      8. 6.4.8 NIPPON SHOKUBAI TRADING CO.,LTD

      9. 6.4.9 Polynt Group

      10. 6.4.10 SHANDONG HONGXIN CHEMICAL CO. LTD.

      11. 6.4.11 Zibo Qixiang Tengda Chemical Co.

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Commercialization of Bio-based Maleic Anhydride

** Subject to Availability

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