Maleic Anhydride Market Size, Share, Industry Analysis Report and Forecast 2030 | ChemAnalyst

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Maleic Anhydride Market is Expected to Grow at a
CAGR of 4.5 by 2030
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. 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
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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. Read Full
Report Here https//www.chemanalyst.com/industry-
report/maleic- anhydride-market-654 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
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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. Request Sample
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m 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
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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 Pharmaceuticals 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.
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• 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, Major players for Maleic Anhydride
  globally 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.
• 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.
• 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
• 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

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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 End Use (Automotive, Building and Construction, Food and Beverage, Agriculture, Electronics, Personal Care, Pharmaceutical and Others) Product Type (Unsaturated Polyester Resin (URP),1,4-Butanediol, tetrahydrophthalic anhydrides, Plasticizers, Resins, Surfactants, Lubricant Additives, MA copolymers, Food Additives and Others) 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
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