무수말레인산 시장 규모, 점유율, 성장 분석 : 원료별, 용도별, 최종사용자 산업별, 지역별 - 산업 예측(2024-2031년)

Global Maleic Anhydride Market size was valued at USD 3.39 billion in 2022 and is poised to grow from USD 3.56 billion in 2023 to USD 5.21 billion by 2031, growing at a CAGR of 4.9% during the forecast period (2024-2031).

Unsaturated polymer resins (UPR) are essential in the automotive sector for swiftly repairing damaged parts and enhancing the painting process of vehicles. The increasing incidence of traffic accidents is poised to boost the demand for UPR, consequently driving growth in the maleic anhydride market, a key ingredient in manufacturing UPR. Beyond automotive uses, maleic anhydride is also integral to construction, pharmaceuticals, and personal care industries. The rising focus on fuel efficiency and emission reductions further propels the need for maleic anhydride. The prices of its primary feedstocks, n-butane and benzene, are heavily influenced by fluctuations in crude oil and naphtha prices, highlighting the volatility and complexities within the maleic anhydride supply chain.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Maleic Anhydride market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Maleic Anhydride Market Segmental Analysis

Global Maleic Anhydride Market is segmented by raw material, application, end user industry and region. Based on raw material, the market is segmented into N-butane and benzene. Based on application, the market is segmented into unsaturated polyester resins (UPR) (fiberglass reinforced plastics, artificial marble, gel coats), 1,4-butanediol (BDO) (tetrahydrofuran (THF), polybutylene terephthalate (PBT), gamma-butyrolactone (GBL)), additives (lubricating oil additives, plasticizers), copolymers (styrene-maleic anhydride (SMA), ethylene-maleic anhydride (EMA)) and others (fumaric acid, malic acid). Based on end user, the market is segmented into automotive, construction, electronics, food & beverage, healthcare and personal care. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Maleic Anhydride Market

A significant driver of the global maleic anhydride market is the rapid growth of the automotive industry, which relies heavily on unsaturated polyester resins that incorporate this chemical. As vehicle production and consumer demand surge worldwide, the need for maleic anhydride is correspondingly increasing. The automotive sector is shifting towards lighter and more fuel-efficient materials, further bolstering the demand for resins made from maleic anhydride. This trend underscores a robust growth trajectory for the market, as manufacturers seek to enhance performance and sustainability in their vehicles, thereby ensuring continued expansion in the maleic anhydride industry.

Restraints in the Global Maleic Anhydride Market

The global maleic anhydride market faces significant challenges due to the volatility of raw material prices, primarily butane and benzene, both of which are petroleum-based. These materials' costs are highly susceptible to market fluctuations driven by global economic instability, supply chain disruptions, and geopolitical factors. Such instability can lead to unpredictable commodity pricing, directly impacting the production expenses for maleic anhydride manufacturers. Consequently, companies in this sector grapple with the difficulties of managing production budgets and ensuring profitability amid this price volatility. As a result, they are compelled to continuously adapt their production levels and pricing strategies to mitigate the adverse effects of raw material price changes.

Market Trends of the Global Maleic Anhydride Market

The Global Maleic Anhydride market is witnessing a significant shift towards bio-based alternatives, driven by increasing environmental awareness and the need for sustainable production methods. As companies align with sustainable development goals, bio-based maleic anhydride derived from renewable resources is emerging as a viable solution to reduce dependence on fossil fuels and mitigate environmental impacts associated with traditional production processes. This trend not only addresses ecological concerns but also opens new avenues for innovation and expansion within the market, as stakeholders seek to capitalize on the growing demand for sustainable chemical solutions across various industries, thereby reshaping the competitive landscape.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Regulatory Landscape
• Patent Analysis
• Case Studies

Global Maleic Anhydride Market Size by Raw Material & CAGR (2024-2031)

• Market Overview
• N-Butane
• Benzene

Global Maleic Anhydride Market Size by Application & CAGR (2024-2031)

• Market Overview
• Unsaturated Polyester Resins (UPR)
  • Fiberglass Reinforced Plastics
  • Artificial Marble
  • Gel Coats
• 1,4-Butanediol (BDO)
  • Tetrahydrofuran (THF)
  • Polybutylene Terephthalate (PBT)
  • Gamma-Butyrolactone (GBL)
• Additives
  • Lubricating Oil Additives
  • Plasticizers
• Copolymers
  • Styrene-Maleic Anhydride (SMA)
  • Ethylene-Maleic Anhydride (EMA)
• Others
  • Fumaric Acid
  • Malic Acid

Global Maleic Anhydride Market Size by End User Industry & CAGR (2024-2031)

• Market Overview
• Automotive
• Construction
• Electronics
• Food & Beverage
• Healthcare
• Personal Care

Global Maleic Anhydride Market Size & CAGR (2024-2031)

• North America, (Raw Material, Application, End User Industry)
  • US
  • Canada
• Europe, (Raw Material, Application, End User Industry)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Raw Material, Application, End User Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Raw Material, Application, End User Industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Raw Material, Application, End User Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Huntsman Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LANXESS AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ashland Global Holdings Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Polynt-Reichhold Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Chemical Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nippon Shokubai Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zibo Qixiang Tengda Chemical Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Changzhou Yabang Chemical Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Yongsan Chemicals, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Thirumalai Chemicals Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bartek Ingredients Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Flint Hills Resources, LLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shanxi Qiaoyou Chemical Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shengyuan Group Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tianjin Bohai Chemical Industry Group Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation