Global Maleic Anhydride Market, By Type (Solid, Molten), Raw Material (Benzene, n-butane), Application (UPR, 1,4-BDO, Additives, Copolymers, Acids, Alkyl Succinic Anhydrides, Surfactants and Plasticizers, Others), End-User Industry (Construction, Automobile, Food and Beverages, Oil Products, Electronics, Personal Care, Pharmaceutical, Agriculture, Textile, Others Manufacturing), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Maleic Anhydride Market
The maleic anhydride market is expected to be growing at a growth rate of 8.90% in the forecast period of 2021 to 2028. The maleic anhydride market report analyses the growth, which is currently being growing due to the rising around the world demand for unsaturated polyester resin.
Maleic anhydride plays an essential role in the manufacturing of coatings and polymers such as 1, 4-butanediol (BDO) and unsaturated polyester resins (UPR). Maleic anhydride are utilized as the raw material utilized to produce unsaturated polyester resins
Major factors that are expected to boost the growth of the maleic anhydride market in the forecast period are the increase in the automotive industry in the developing and advanced countries, the rise in the growth in construction and wind energy industries. Furthermore, the increasing need from UPR and 1, 4-bdo and the growth of end-use industries in the advancing countries are further anticipated to propel the growth of the maleic anhydride market. On the other hand, the upsurge in the demand for hybrid vehicles and the growing battery price parity and the escalating governmental guidelines are further estimated to further impede the growth of the maleic anhydride market in the timeline period. In addition, the increasing of the domestic income and the growing of the population in developing countries, the commercialization of bio-based maleic anhydride and the change in the revenue streams because of the megatrends in end-use industries will further provide potential opportunities for the growth of the maleic anhydride market in the near future.
The rise in the battery price parity and rise in demand for hybrid vehicles are expected to obstruct the market growth. The presence of governmental regulations is projected to challenge the maleic anhydride market in the forecast period of 2021 to 2028.
This maleic anhydride market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on maleic anhydride market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Maleic Anhydride Market Scope and Market Size
The maleic anhydride market is segmented on the basis of type, raw material, application and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the maleic anhydride market is segmented into solid, molten.
- On the basis of raw material, the maleic anhydride market is segmented into benzene, n-butane.
- On the basis of application, the maleic anhydride market is segmented into UPR, 1,4-bdo, additives, copolymers, acids, alkyl succinic anhydrides, surfactants and plasticizers, others.
- On the basis of end user industry, the maleic anhydride market is segmented into construction, automobile, food and beverages, oil products, electronics, personal care, pharmaceutical, agriculture, textile, others manufacturing.
Maleic Anhydride Market Country Level Analysis
The maleic anhydride market is analysed and market size, volume information is provided by country, type, raw material, application and end user industry as referenced above.
The countries covered in the maleic anhydride market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the maleic anhydride market due to the environmental issues relating to the greenhouse gases emission which has resulted into the slowdown of the production of alkyd resins and 1, 4-butandiol amongst others. Furthermore, the increasing growth in the construction industry in advancing nations which will further boost the growth of the maleic anhydride market in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth in the maleic anhydride market due to the suitable administration initiatives taken by the Indian and Chinese governments. Moreover, the growing construction expenditure in the advancing countries is further anticipated to propel the growth of the maleic anhydride market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Maleic Anhydride Market Share Analysis
The maleic anhydride market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to maleic anhydride market.
The major players covered in the maleic anhydride market report are Ashland, Sasol-Huntsman GmbH & Co. KG, LANXESS, Mitsubishi Chemical Holdings Corporation, Polynt, Zibo Qixiangtengda chemical Co., Ltd., Bartek Ingredients Inc., China National Bluestar (Group) Co,Ltd., Changzhou Yabang Chemical Co., Ltd., INEOS, MFG Chemical, LLC, FUSO CHEMICAl CO., LTD., HELM AG, NAN YA PLASTICS CORPORATION, Merck KGaA, NIPPON SHOKUBAI CO., LTD., Thirumalai Chemicals Ltd., MOL GROUP, Ningbo Jiangning CHEMICAL Co. Ltd., GIKIL, and Huntsman International LLC., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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