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Global Maleic Anhydride Market: By Product Type: Unsaturated Polyester Resin, BDO (Butanediol), Lubricant Additives, Maleic Anhydride Copolymers, Malic Acid, Furmaric Acid, Others; By End Use Industry; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Maleic Anhydride Market Outlook

The global maleic anhydride market attained a value of about USD 2.93 billion in 2020. The market is further expected to grow at a CAGR of 5% during the forecast period of 2023-2028 to reach approximately USD 3.91 billion by 2026.

 

Global Maleic Anhydride Market

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Robust Demand for Unsaturated Polyester Resins (UPR) from Construction and Automobile Sector to Augment Market Growth

The global market for maleic anhydride is being driven by the robust production of unsaturated polyester resins (UPR) due to rising demand from the construction and automotive sectors. Owing to cost-effectiveness, high-performance, and eco-friendly characteristics associated with UPR, the market is witnessing growth from its applications in various end-use sectors. With a rise in disposable incomes owing to growth in the working population, the demand for automobiles is increasing.

The UPR is used as a lubricant in automobiles; therefore, the rising demand for automobiles is augmenting the market growth for UPR. Additionally, favourable physical properties like lightweight, high-tensile strength, anti-corrosive properties are leveraging the application of UPRs in lightweight automobile manufacturing. In addition, the application of UPR gives a smooth surface to the vehicles, provides excellent fixing characteristics for the paint, thereby increasing the durability of the applied coat. Furthermore, UPRs are also applied in the production of bumpers, doors, roofs, and interiors of the vehicles, thereby providing impetus to market growth.

Moreover, rapid development in construction projects owing to industrialisation in emerging economies like India and China is boosting the demand for UPR from the Asia Pacific region, further contributing to the overall market for maleic anhydride. Significant deployment of UPR in manufacturing high-quality bathroom fittings for the anti-corrosive properties of UPR is bolstering the market growth. In addition, due to their stable structures, UPRs display good mechanical properties, and excellent thermal stability making them ideal for composite building material, consequently augmenting the market growth of maleic anhydride.

 

Maleic Anhydride: Market Segmentation

Maleic anhydride is an organic chemical intermediate that appears as colourless, crystalline needles, flakes, pellets, rods, or lumps and used to manufacture various agricultural chemicals, and unsaturated polyester resins (UPR) in automobiles, electrical appliances, and boats, among others.

 

Global Maleic Anhydride Market by Segment

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The market, on the basis of product type, can be divided into:

  • Unsaturated Polyester Resin
  • BDO (Butanediol)
  • Lubricant Additives
  • Maleic Anhydride Copolymers
  • Malic Acid
  • Furmaric Acid
  • Alkyl Succinic Anhydrides
  • Surfactants and Plasticisers
  • Others

Based on end use industry, the market can be segmented into:

  • Construction
  • Automobile
  • Food and Beverage
  • Oil Products
  • Electronics
  • Personal Care
  • Pharmaceuticals
  • Agriculture

The EMR report looks into the regional markets of maleic anhydride like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

Global Maleic Anhydride Market by Region

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Rising Applications of Maleic Anhydride in Personal Care Products to Augment the Market Growth

Due to factors, such as innovations in personal care products and inflating consumer incomes, the market players are deploying maleic anhydride and its derivatives as significant ingredients in the cosmetic products, which is driving the overall market growth of maleic anhydride globally. Maleic anhydride is used in a variety of personal care products. In hair-care applications, copolymers containing maleic anhydride are widely found in hair sprays and gel for hair fixing and styling, making the hair resistant to high humidity. In addition, maleic anhydride components act as rheology modifiers to sustain the texture of skin care products, providing better texture and ease in application. Furthermore, owing to the rising market demand for sustainable personal care products, the growth of the industry can be attributed to its excellent environment-friendly properties, as the chemical is derived from biomass. Hence, due to the favourable properties of maleic anhydride, it is widely deployed in personal care products, which is significantly contributing to the industry growth.

 

Key Industry Players in the Global Maleic Anhydride Market

The report presents a detailed analysis of the following key players in the global maleic anhydride market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

  • Huntsman International LLC
  • Shandong Hongxin Chemical Co. Ltd
  • Helm AG
  • Mitsubishi Chemical Corporation
  • Ningbo Jiangning Chemical Co. Ltd
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, End Use Industry, Region
Breakup by Product Type Unsaturated Polyester Resin, BDO (Butanediol), Lubricant Additives, Maleic Anhydride Copolymers, Malic Acid, Furmaric Acid, Alkyl Succinic Anhydrides, Surfactants and Plasticisers, Others
Breakup by End Use Industry Construction, Automobile, Food and Beverage, Oil Products, Electronics, Personal Care, Pharmaceuticals, Agriculture
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Huntsman International LLC, Shandong Hongxin Chemical Co. Ltd, Helm AG, Mitsubishi Chemical Corporation, Ningbo Jiangning Chemical Co. Ltd, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Maleic Anhydride Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Maleic Anhydride Historical Market (2018-2022) 
    8.3    Global Maleic Anhydride Market Forecast (2023-2028)
    8.4    Global Maleic Anhydride Market by Product Type
        8.4.1    Unsaturated Polyester Resin
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    BDO (Butanediol)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Lubricant Additives
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Maleic Anhydride Copolymers
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Malic Acid
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Furmaric Acid
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2018-2022)
            8.4.6.3    Forecast Trend (2023-2028)
        8.4.7    Alkyl Succinic Anhydrides
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2018-2022)
            8.4.7.3    Forecast Trend (2023-2028)
        8.4.8    Surfactants and Plasticisers
            8.4.8.1    Market Share
            8.4.8.2    Historical Trend (2018-2022)
            8.4.8.3    Forecast Trend (2023-2028)
        8.4.9    Others
    8.5    Global Maleic Anhydride Market by End Use Industry 
        8.5.1    Construction
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Automobile
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Food and Beverage
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Oil Products
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Electronics
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Personal Care
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2018-2022)
            8.5.6.3    Forecast Trend (2023-2028)
        8.5.7    Pharmaceuticals
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2018-2022)
            8.5.7.3    Forecast Trend (2023-2028)
        8.5.8    Agriculture
            8.5.8.1    Market Share
            8.5.8.2    Historical Trend (2018-2022)
            8.5.8.3    Forecast Trend (2023-2028)
    8.6    Global Maleic Anhydride Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Huntsman International LLC
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2     Shandong Hongxin Chemical Co. Ltd
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3      Helm AG
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Mitsubishi Chemical Corporation
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Ningbo Jiangning Chemical Co. Ltd
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Others
14    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Maleic Anhydride Market: Key Industry Highlights, 2018 and 2028
2.    Global Maleic Anhydride Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3.    Global Maleic Anhydride Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4.    Global Maleic Anhydride Historical Market: Breakup by End Use Industry (USD Billion), 2018-2022
5.    Global Maleic Anhydride Market Forecast: Breakup by End Use Industry (USD Billion), 2023-2028
6.    Global Maleic Anhydride Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Maleic Anhydride Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Maleic Anhydride Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Maleic Anhydride Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Maleic Anhydride Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Maleic Anhydride Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Maleic Anhydride Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Maleic Anhydride Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Maleic Anhydride Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Maleic Anhydride Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Maleic Anhydride Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Maleic Anhydride Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    North America Historical Price Trends and Forecast 2018-2028
19.    Europe Historical Price Trends and Forecast 2018-2028
20.    Asia Pacific Historical Price Trends and Forecast 2018-2028
21.    Latin America Historical Price Trends and Forecast 2018-2028
22.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
23.    Global Maleic Anhydride Market Structure

Key Questions Answered in the Report

The global maleic anhydride market attained a value of nearly USD 2.93 billion in 2020.

The market is projected to grow at a CAGR of 5% in the forecast period of 2023-2028.

The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach about USD 3.91 billion by 2026.

The market is being driven by the robust demand for unsaturated polyester resin (UPR) owing to its heightened demand from construction and automobile sector.

The market is being augmented by the deployment of maleic anhydride and its derivatives in personal care products owing to its sustainable properties.

The major regional markets for maleic anhydride are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

The different product types of maleic anhydride are unsaturated polyester resin, BDO (butanediol), lubricant additives, maleic anhydride copolymers, malic acid, furmaric acid, alkyl succinic anhydrides, and surfactants and plasticisers, among others.

The significant end use industries of maleic anhydride are construction, automobile, food and beverage, oil products, electronics, personal care, pharmaceuticals, and agriculture.

The major players in the industry are Huntsman International LLC, Shandong Hongxin Chemical Co. Ltd, Helm AG, Mitsubishi Chemical Corporation, and Ningbo Jiangning Chemical Co. Ltd, among others.

Analyst Review

The global maleic anhydride market attained a value of about USD 2.93 billion in 2020, driven by the rising demand for unsaturated polyester resins. Aided by the growing applications in personal care products, the market is expected to grow at a CAGR of 5% in the forecast period of 2023-2028 to reach nearly USD 3.91 billion by 2026.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. The market, on the basis of product, can be segmented into unsaturated polyester resin, BDO (butanediol), lubricant additives, maleic anhydride copolymers, malic acid, furmaric acid, alkyl succinic anhydrides, and surfactants and plasticisers, among others.  Based on end use industry, the market can be categorised into construction, automobile, food and beverage, oil products, electronics, personal care, pharmaceuticals, and agriculture. The major regional markets for maleic anhydride are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. They key players in the industry are Huntsman International LLC, Shandong Hongxin Chemical Co. Ltd, Helm AG, Mitsubishi Chemical Corporation, and Ningbo Jiangning Chemical Co. Ltd, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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