Maleic Anhydride Market is Estimated to Grow at a CAGR of 4.5% by 2030 - ChemAnalyst

0
0

According to ChemAnalyst report, “Maleic Anhydride Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Maleic Anhydride market witnessed a demand of around 2.4 million tons globally in 2020 and is anticipated to grow at a significant rate with a healthy CAGR of 4.5% until 2030 owing to its surging demand for the production of UPRs and other derivatives.

Read Full Report Here: https://www.chemanalyst.com/industry-report/maleic-anhydride-market-654

Maleic Anhydride is a clear, colorless or white colored solid organic compound with a very solid strong and bitter smell. It is highly reactive in nature, easily miscible with water, ethanol, acetone and dioxane but partially soluble in benzene, chloroform, and toluene. Malic Acid is formed when MAN is dissolved in water. Maleic Anhydride is produced commercially by the oxidation of butane or benzene at a very high temperature (400-430oC). By Butane production method, it can be produced in either fixed bed or fluidized bed reactor. Fluidized bed process is preferred over fixed bed owing to its several advantages like no requirement of premixing coupled with the limited air hydrocarbon concentration in the feedstock. However, there are certain disadvantages also such as low by product formation, low conversion rates and catalyst abrasions. For large scale productions of Maleic Anhydride, Butane route is considered economically viable while Benzene route is preferred for medium scale productions.

Maleic Anhydride (MAN) is prominently used for the production of Unsaturated Polyester Resin (UPR) that is further employed in several industrial applications. UPRs are used in the manufacturing of high-performance components that are utilized in transportation and marine industries such as closure and body panels, fenders, boat hulls/ decks and other large components. Unsaturated Polyester Resins also employed in manufacturing 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.

Maleic Anhydride also acts as a vital ingredient in the production of 1,4-butanediol and tetrahydrophthalic anhydrides (curing agents), MAN copolymers and Plasticizers. Moreover, Maleic Anhydride also finds application as a precursor, intermediate, or an additive in lubricants, Paints and resins, surfactants (water treatment detergents), food additives (fumaric acid, succinic acid & malic acid) and taste enhancers, pharmaceuticals, paper sizing, agrochemicals (Insecticides and pesticides), hairsprays, fuel additives, chemicals, and artificial sweeteners. The surging demand for Maleic Anhydride from Food and Beverages is expected to boost its market in the upcoming years.

Read Free Request Sample: https://www.chemanalyst.com/ChemAnalyst/RequestForm

Based on its major derivatives, its market is segmented into product types such as Unsaturated Polyester Resin (URP),1,4-Butanediol, tetrahydrophthalic anhydrides, Plasticizers, Resins, Surfactants, Lubricant Additives, MA copolymers, Food Additives and Others. On the basis of the applications of MAN, the major end use industries are Automotive, Building and Construction, Food and Beverage, Agriculture, Electronics, Personal Care, Pharmaceutical, and Others. The growth in Automotive and Construction sector is likely to fuel the demand for Maleic Anhydride in the forecast period. However, the key raw materials, Butane and Benzene used for the production of MAN are derived from petrochemicals thus fluctuations in the prices of the crude oil directly influence the prices of Maleic Anhydride and its derivatives, which may hamper the growth of its market in the predicted years.

 

The sudden outbreak of the COVID-19 virus in the first half of 2020, across the globe led to the imposition of nationwide lockdown by the major economies. It resulted in trade restrictions. disruption in the functioning of several manufacturing plants, and disturbance in value and demand chain. The Maleic Anhydride market was also affected in the first wave of COVID-19 because its major end use industries such as Automobile, Construction and Electronics were drastically affected in the first wave of COVID -19. However, overall Maleic Anhydride industry was not much affected despite the pandemics due to the steady demand for MAN from food & beverages, pharmaceuticals, agriculture, and personal care sectors amid-Covid 19. Moreover, after the exemption of lockdown restrictions and resumption in the operations of all the industries in the second half of 2020, an improvement was witnessed in the Maleic Anhydride market as end use industries such as construction, Automotive and Electronics recovered rapidly and is expected to drive the demand for Maleic Anhydride in the forthcoming years.

Region wise, Asia Pacific holds the maximum demand share of the Maleic Anhydride market and is expected that its Maleic Anhydride market would grow at a promising pace through 2030 owing to rapid industrialization, urbanization, and a huge manufacturing as well as consumer base in the region coupled with the ongoing construction projects and growing automobile and pharmaceutical’s sector in the region. Additionally, China is the leading producer of electronics and agrochemicals which is likely to fuel the market for Maleic Anhydride in the forecast period.

Key Players:

  • 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.

“Maleic Anhydride is identified as a highly used chemical, that is employed in almost all the chemical industries. Hence, its wide range industrial applications are anticipated to propel the Maleic Anhydride market growth in the forecast period. UPRs, Butanediols and tetrahydrophthalic anhydrides, Malic Acid are the major derivatives of Maleic Anhydride and finds applications in various end use industries. 1, 4 Butanediol is used in the production of fine chemicals, high performance polymers and solvents which are further utilized in numerous end use industries. Owing to all these applications of Maleic Anhydride and its derivatives, a surge in its demand is anticipated to drive its market growth through the forecast period and offer several opportunities for manufacturers to expand their capacities to fill demand and supply gap in future.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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

Avail customized purchase options to meet your exact research needs. Explore purchase options

Table of Contents:         

  1. Global Maleic Anhydride Market Outlook, 2015-2030
    • Capacity, By Volume
      • By Company
    • Production, By Volume
      • By Company
    • Operating Efficiency
      • By Company
  1. Global Maleic Anhydride Demand Outlook, 2015-2030, By Volume
    • By End Use
    • By Product Type
    • By Region
    • By Company
    • By Sales channel
  2. North America Maleic Anhydride Market Outlook, 2015-2030
    • Capacity, By Volume
      • By Country
    • Production
      • By Country
    • Operating Efficiency
      • By Country
  1. North America Maleic Anhydride Demand Outlook, 2015-2030, By Volume
    • By End Use
    • By Product Type
    • By Country

View Full TOC @ https://www.chemanalyst.com/industry-report/maleic-anhydride-market-654

Browse Related Reports

Tetrahydrofuran Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

https://www.chemanalyst.com/industry-report/tetrahydrofuran-market-586

India Butanediol Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

https://www.chemanalyst.com/industry-report/india-butanediol-market-6

About Us

ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries from last 4 Years. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country.

ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.

ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform.

Contact Us:

Nilesh Vishwakarma

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523948

Mob: +91-8882336899

Email: sales@chemanalyst.com

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.