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    Maleic Anhydride Market | Covid-19 Impact Analysis

    Maleic Anhydride Market | Covid-19 Impact Analysis

    Maleic Anhydride Market | Covid-19 Impact Analysis
    Report code - SRAM493 Delivery - 2 Weeks
    Maleic Anhydride Market Size, Share, Trend, Forecast, & Industry Analysis – 2020 See more...
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    Impact of COVID-19 on Maleic Anhydride Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Maleic Anhydride Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Maleic Anhydride Market Insights

    Maleic anhydride market is likely to witness an impressive CAGR of 5.2% during the forecast period. Increasing penetration of composite materials in the automotive, aerospace, and construction industries is the prime factor that has boosted the demand for unsaturated polyester resins, which are used to manufacture composite materials. Rising disposable income along with increasing use of spandex in compression stockings, sportswear and medical textiles has boosted the demand for 1,4-butanediol. The escalating growth in the construction industries in BRIC countries and other developing economies is expected to further drive the growth of the maleic anhydride market. In addition, lenient government regulations, easy availability of land and raw materials, low labor and transportation costs are the major factors encouraging the key players to shift their manufacturing activities to developing economies such as China, India, Indonesia, and Brazil.

    Maleic Anhydride Market – Snapshot

    Growth

    5.2% for the next five years

    Major Raw Materials Type

    N-butane

    Dominant Application Type

    Unsaturated Polyester Resins (UPR)

    Region with the highest demand

    Asia-Pacific  

    Key Players

    Huntsman International LLC, LANXESS AG, Ashland Inc., Zibo Qixiang Tengda Chemical, Ningbo Jiangning Chemical Co., Ltd., Polynt—Reichhold Group, Nippon Shokubai Co., Ltd., Mitsubishi Chemical Corporation, Gulf Advanced Chemical Industries Co., Ltd. (GACIC), and Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL)

     

    Market Share Analysis

    Maleic-Anhydride-Market-Dominant-Segments

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    Maleic Anhydride Market Share: By Raw Material Type

    Based on the raw material type, the market is segmented as n-butane and benzene. The n-butane segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. N-butane-based maleic anhydrides are majorly preferred over benzene-based maleic anhydrides owing to their lower production cost and lesser harmful nature.

    Maleic Anhydride Market Share: By Application Type

    Based on the application type, the maleic anhydride market is segmented as unsaturated polyester resins (UPR), 1,4-butanediol (1,4-bdo), lubricating oil additives, copolymers, and others. The growth of the segment is mainly due to an increased demand for UPR from emerging economies, such as China and India, and its low price compared to the other epoxy resins. Increasing penetration of UPR in the marine, aerospace, automotive, construction, and chemical industries is expected to further drive the growth of the segment.

    Maleic Anhydride Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, and India being the countries with lucrative growth opportunities. The growth of the market is mainly driven by the expanding automotive and rising construction sectors in the major economies of the region. Increasing adoption of maleic anhydride to manufacture bulk molding compounds and fiberglass reinforced plastics is expected to further drive the demand for maleic anhydride in the region. Increasing disposable income, rapid industrialization, urbanization, and increasing spending in the construction sector in the region are expected to further drive the region’s market.

    Maleic-Anhydride-Market-By-Region

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    Some of the major maleic anhydride manufacturers are-

    • Huntsman International LLC
    • LANXESS AG
    • Ashland Inc.
    • Zibo Qixiang Tengda Chemical
    • Ningbo Jiangning Chemical Co., Ltd.
    • Polynt—Reichhold Group
    • Nippon Shokubai Co., Ltd.
    • Mitsubishi Chemical Corporation
    • Gulf Advanced Chemical Industries Co., Ltd. (GACIC)
    • Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL)

     

    Market Scope & Segmentation

    Maleic anhydride is a highly reactive chemical intermediate that is flammable, colorless, and has an acrid odor. It is manufactured from the oxidation of n-butane and benzene through fixed bed, fluidized bed, and moving bed or catalyst bed at high temperatures. It is majorly used in the production of unsaturated polyester resin as well as in the production of coatings, surfactants, pharmaceuticals, agricultural products such as pesticides and as an additive for plastics.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Maleic Anhydride Market Research Report – Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The maleic anhydride market is segmented into the following categories. 

    Maleic Anhydride Market Size, Share, & Forecast, by Raw Material Type:

    • N-butane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Benzene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Maleic Anhydride Market Size, Share, & Forecast, by Application Type:

    • Unsaturated Polyester Resins (UPR) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 1,4-butanediol (1,4-BDO) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lubricating Oil Additives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Copolymers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Maleic Anhydride Market Size, Share, & Forecast, by End-Use Industry Type:

    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automobile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Food & Beverage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil Products (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Personal Care (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Maleic Anhydride Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Maleic-Anhydride-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the raw material types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Maleic Anhydride Market in the foreseeable future?

    The maleic anhydride market is expected to witness an impressive growth of 5.2% CAGR in the foreseeable future.

    Who are the key players in the Maleic Anhydride Market?

    Huntsman International LLC, LANXESS AG, Ashland Inc., Zibo Qixiang Tengda Chemical, Ningbo Jiangning Chemical Co., Ltd., PolyntReichhold Group, Nippon Shokubai Co., Ltd., Mitsubishi Chemical Corporation, Gulf Advanced Chemical Industries Co., Ltd. (GACIC), and Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL) are among the key players in the maleic anhydride market.

    Which country/region is expected to be the largest Maleic Anhydride Market?

    Asia-pacific is expected to be the largest maleic anhydride market during the next five years.

    Which raw material type is expected to remain dominant in the Maleic Anhydride Market?

    The n-butane segment is expected to remain dominant in the maleic anhydride market in the coming years.

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