Global Maleic Anhydride Market by Applications (Unsaturated Polyester Resins, 1, 4-Butanediol, Additives (Lubricants & Oil), Copolymers) by Geography (North America, Asia-Pacific, Europe, Row) - Analysis and Forecast To 2019

The Global Maleic Anhydride Market, along with its end products, has witnessed a linear growth in the past few years, and this growth is estimated to increase in the coming years. Maleic anhydride is one of the basic organic chemical raw materials widely used in unsaturated polyester resins, 1,4-butanediol, additives (lubricants & oil), copolymers, and others. The quality, high efficiency, and environmental acceptability are some of the major features that create an upsurge in the demand for maleic anhydride. The upcoming safety regulations and innovative techniques for its use will be the key factors influencing the global maleic anhydride market with an increased emphasis on its different applications.

The global maleic anhydride market is experiencing enormous growth, which is expected to continue in the near future, mainly driven by the highly-growing North American, Asia-Pacific, European, and Rest of the World regions, and the intense efforts at each country’s level to promote environmental friendly and recyclable products. A considerable amount of investments are made by various market players to serve the end-user application industry in the future.

Almost 54% of the total maleic anhydride demand was for the unsaturated polyester resins applications in 2014, with the 1,4-butanediol and additives (lubricants & oil) industry also being the fastest-growing end-use segments, primarily due to its high penetration in all the countries.

The growth in the lubricant and automotive industries is the main driver of this market. Additionally, the environmental sustainability of maleic anhydride also acts like a driver for this market.

This study aims to estimate the global market of maleic anhydride for 2014 and to project its demand by 2019. This market research study provides a detailed qualitative and quantitative analysis of this market. Different secondary sources, such as encyclopedia, directories, industry journals, and databases have been used to identify and collect information useful for this extensive and commercial study of the global maleic anhydride market. The primary sources are experts from relevant industries and suppliers, and they have been interviewed to obtain and verify critical information as well as to assess the future prospects of maleic anhydride.

Competitive scenarios of the top players in the maleic anhydride market have been discussed in detail. The leading players of this industry have been profiled with their recent developments and other strategic industry activities. These include key maleic anhydride manufacturers, such as Huntsman Corporation (U.S.), Lanxess AG (Germany), Polynt S.p.A. (Italy), Flint Hills Resources (Italy), Ashland Inc. (U.S.), DSM N.V. (Netherlands), Nippon Shokubai Co. Ltd. (Japan), BASF SE (Germany), Mitsubishi Chemical Holdings Corporation (Japan), and Thirumalai Chemicals Ltd. (India).

Scope of the report:

This research report categorizes the global maleic anhydride market on the basis of applications, end-user industries, and geography along with forecasting volume, value, and analyzing trends in each of the submarkets.

On the basis of applications:

• Unsaturated Polyester Resins
• 1, 4-butanediol
• Additives (Lubricants & Oil)
• Copolymers
• Others {Tris[3-(2-hydroxybenzophenone) propyl] Amine, alkyd resins, and so on}

Each application is described in detail in the report with volume and revenue forecasts for each application.

On the basis of regions:

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

Table of Contents

1 Introduction (Page No. - 11)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 13)
    2.1 Integrated Ecosystem of Maleic Anhydride Market
    2.2 Arriving at the Maleic Anhydride Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
    2.3 Assumptions

3 Executive Summary (Page No. - 20)

4 Market Overview (Page No. - 22)
    4.1 Introduction
    4.2 Market Drivers & Inhibitors
    4.3 Key Market Dynamics
    4.4 Demand Side Analysis

5 Maleic Anhydride Market, By Application (Page No. - 27)
    5.1 Introduction
    5.2 Maleic Anhydride in Unsaturated Polyester Resins, By Geography
    5.3 Maleic Anhydride in 1,4- Butanediol, By Geography
    5.4 Maleic Anhydride in Additives (Lubricants & Oil), By Geography
    5.5 Maleic Anhydride in Copolymers, By Geography

6 Maleic Anhydride Market, By Geography (Page No. - 38)
    6.1 Introduction
    6.2 North America: Maleic Anhydride Market, By Application
    6.3 Europe: Maleic Anhydride Market, By Application
    6.4 Asia-Pacific: Maleic Anhydride Market, By Application
    6.5 Rest of the World: Maleic Anhydride Market, By Application

7 Maleic Anhydride Market: Competitive Landscape (Page No. - 49)
    7.1 Maleic Anhydride Market: Company Share Analysis
    7.2 Company Presence in Maleic Anhydride Market, By Application
    7.3 Expansions
    7.4 Joint Ventures
    7.5 Investments
    7.6 Mergers & Acquisitions
    7.7 Agreements
    7.8 Restructuring
    7.9 New Product Launch
    7.10 New Technology
    7.11 Partnership

8 Maleic Anhydride Market, By Company (Page No. - 55)
(Overview, Financials, Products & Services, Strategy, and Developments)*
    8.1 Huntsman Corporation
    8.2 Lanxess AG
    8.3 Polynt S.P.A.
    8.4 Flint Hills Resources
    8.5 Ashland Inc.
    8.6 DSM N.V.
    8.7 Nippon Shokubai Co. Ltd.
    8.8 BASF SE
    8.9 Mitsubishi Chemical Holdings Corporation
    8.10 Thirumalai Chemicals Ltd.
    8.11 Bartek Ingredients Inc.
*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Company

9 Appendix (Page No. - 78)
    9.1 Customizatiuon Options
           9.1.1 Technical Analysis
           9.1.2 Low-Cost Sourcing Locations
           9.1.3 Regulatory Framework
           9.1.4 Maleic Anhydride Usage Data
           9.1.5 Impact Analysis
           9.1.6 Trade Analysis
           9.1.7 Historical Data and Trends
    9.2 Related Reports
    9.3 Introducing RT: Real Time Market Intelligence
           9.3.1 RT Snapshots

List of Tables (45 Tables)

Table 1 Global Maleic Anhydride Application Market, 2014 (USD MN)
Table 2 Global Maleic Anhydride Market: Drivers & Inhibitors
Table 3 Global Maleic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 4 Global Maleic Anhydride Market, By Application, 2013-2019 (KT)
Table 5 Global Maleic Anhydride Market, By Geography, 2013-2019 (USD MN)
Table 6 Global Maleic Anhydride Market, By Geography, 2013-2019 (KT)
Table 7 Global Maleic Anhydride Market: 2013-2019 (USD MN)
Table 8 Global Maleic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 9 Global Maleic Anhydride Market, By Application, 2013-2019 (KT)
Table 10 Global Maleic Anhydride in Unsaturated Polyester Resins, By Geography, 2013-2019 (USD MN)
Table 11 Global Maleic Anhydride in Unsaturated Polyester Resins, By Geography, 2013-2019 (KT)
Table 12 Global Maleic Anhydride in 1, 4- Butanediol, By Geography, 2013-2019 (USD MN)
Table 13 Global Maleic Anhydride in 1, 4- Butanediol, By Geography, 2013-2019 (KT)
Table 14 Global Maleic Anhydride in Additives (Lubricants & Oil), By Geography, 2013-2019 (USD MN)
Table 15 Global Maleic Anhydride in Additives (Lubricants & Oil), By Geography, 2013-2019 (KT)
Table 16 Global Maleic Anhydride in Copolymers, By Geography, 2013-2019 (USD MN)
Table 17 Global Maleic Anhydride in Copolymers, By Geography, 2013-2019 (KT)
Table 18 Global Maleic Anhydride Market, By Geography, 2013-2019 (USD MN)
Table 19 Global Maleic Anhydride Market, By Geography, 2013-2019 (KT)
Table 20 North America: Maleic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 21 North America: Maleic Anhydride Market, By Application, 2013-2019 (KT)
Table 22 Europe: Maleic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 23 Europe: Maleic Anhydride Market, By Application, 2013-2019 (KT)
Table 24 Asia-Pacific: Maleic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 25 Asia-Pacific: Maleic Anhydride Market, By Application, 2013-2019 (KT)
Table 26 Rest of the World: Maleic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 27 Rest of the World: Maleic Anhydride Market, By Application, 2013-2019 (KT)
Table 28 Maleic Anhydride Market: Company Share Analysis, 2014 (%)
Table 29 Global Maleic Anhydride Market: Expansions
Table 30 Global Maleic Anhydride Market: Joint Ventures
Table 31 Global Maleic Anhydride Market: Investments
Table 32 Global Maleic Anhydride Market: Mergers & Acquisitions
Table 33 Global Maleic Anhydride Market: Agreements
Table 34 Global Maleic Anhydride Market: Restructuring
Table 35 Global Maleic Anhydride Market: New Product Launch
Table 36 Global Maleic Anhydride Market: New Technology
Table 37 Global Maleic Anhydride Market: Partnership
Table 38 Huntsman Corporation: Business Segment, 2010-2014 (USD MN)
Table 39 Lanxess Ag: Business Segment, 2010 - 2014 (USD MN)
Table 40 Ashland Inc.: Business Segment, 2010 - 2014 (USD MN)
Table 41 DSM N.V.: Business Segment, 2010 - 2014 (USD MN)
Table 42 Nippon Shokubai Co. Ltd.: Business Segment, 2010 - 2014 (USD MN)
Table 43 BASF SE: Business Segment, 2010 - 2014 (USD MN)
Table 44 Mitsubishi Chemical Holdings Corporation: Business Segment, 2010 - 2014 (USD MN)
Table 45 Thirumalai Chemicals Ltd.: Business Segment, 2010 - 2014 (USD MN)

List of Figures (36 Figures)

Figure 1 Global Maleic Anhydride Market: Segmentation & Coverage
Figure 2 Maleic Anhydride Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Global Maleic Anhydride Market Snapshot, 2014
Figure 8 Maleic Anhydride Market: Growth Aspects
Figure 9 Global Maleic Anhydride Market, By Application, 2014 & 2019
Figure 10 Maleic Anhydride: Application Market Scenario
Figure 11 Global Maleic Anhydride Market, By Application, 2014-2019 (USD MN)
Figure 12 Global Maleic Anhydride Market, By Application, 2013-2019 (KT)
Figure 13 Global Maleic Anhydride Market in Unsaturated Polyester Resins,By Geography, 2013-2019 (USD MN)
Figure 14 Global Maleic Anhydride Market in 1, 4- Butanediol, By Geography,2013-2019 (USD MN)
Figure 15 Global Maleic Anhydride Market in Additives (Lubricants & Oil),By Geography, 2013-2019 (USD MN)
Figure 16 Global Maleic Anhydride Market in Copolymers, By Geography, 2013-2019 (USD MN)
Figure 17 Global Maleic Anhydride Market: Growth Analysis, By Geography,2014-2019 (USD MN)
Figure 18 Global Maleic Anhydride Market: Growth Analysis, By Geography,2014-2019 (KT)
Figure 19 North America: Maleic Anhydride Market, By Application, 2013-2019 (USD MN)
Figure 20 North America Maleic Anhydride Market: Application Snapshot
Figure 21 Europe: Maleic Anhydride Market, By Application, 2013-2019 (USD MN)
Figure 22 Europe: Maleic Anhydride Market: Application Snapshot
Figure 23 Asia-Pacific: Maleic Anhydride Market, By Application, 2013-2019 (USD MN)
Figure 24 Asia-Pacific: Maleic Anhydride Market: Application Snapshot
Figure 25 Rest of the World: Maleic Anhydride Market, By Application, 2013-2019 (USD MN)
Figure 26 Rest of the World: Maleic Anhydride Market: Application Snapshot
Figure 27 Maleic Anhydride Market: Company Share Analysis, 2014 (%)
Figure 28 Maleic Anhydride: Company Coverage, By Application, 2014
Figure 29 Huntsman Corporation: Revenue Mix, 2014 (%)
Figure 30 Lanxess Ag: Revenue Mix, 2014 (%)
Figure 31 Ashland Inc.: Revenue Mix, 2014 (%)
Figure 32 DSM N.V.: Revenue Mix, 2014 (%)
Figure 33 Nippon Shokubai Co. Ltd.: Revenue Mix, 2014 (%)
Figure 34 BASF SE: Revenue Mix, 2014 (%)
Figure 35 Mitsubishi Chemical Holdings Corporation: Revenue Mix, 2014 (%)
Figure 36 Thirumalai Chemicals Ltd.: Revenue Mix, 2014 (%)

Maleic Anhydride is a colorless, organic, and crystalline compound that has an acrid odor. It is an acid anhydride manufactured from oxidation of benzene and other aromatic compounds. However, some manufacturing plants prefer to produce maleic anhydride through vapor oxidation of n-butane. Maleic anhydride’s manufacturing process is achieved by integration of four unit processes, namely catalyst packed bed packer, absorption tower, maleic acid reactor and distillation column.

Key application areas of maleic anhydride include production of unsaturated polyester resin, 1, 4 Butanediol, additives such as oil, lubricants, copolymers, and others which include personal care products and artificial sweeteners. An increasing demand of unsaturated resins, strong demand of BDO, growth in lubricant market is expected to remain as a key driver for this market in a few years. Unsaturated resins display properties like favorable service temperatures, low manufacturing cost, and weight which lead to an increased demand in the end-user applications, such as corrosion resistant tanks, paints and coatings, fiberglass reinforced plastics, electrical and electronics, radar domes, furniture, and general construction.

The maleic anhydride industry is witnessing a high growth on an account of increasing applications, technological advancements, and an increasing demand, globally. The current market for maleic anhydride has a low degree of consolidation due to the presence of a number of companies in the market.

The global maleic anhydride market, by application, was valued at $3032.5 million in 2014 and is projected to reach $4,286.1 million by 2019 at a CAGR of 7.2% during the forecast period. It is projected to reach a volume of 2,062.0 KT at a CAGR of 5.3% during the same period. The global maleic anhydride market is estimated to witness a CAGR of 7.2% through 2019. North America is a key market for maleic anhydride.

Maleic anhydride is a crucial raw material for manufacturing unsaturated polyester resins. Building & construction, automotive/transportation, pipes and tanks, marine, wind, energy, and electrical & electronics are the key end-users. Manufacturing of corrosion resistant tanks, paints and coatings, bathroom fixtures, and fiberglass-reinforced plastics are the other applications. A robust growth in the end-user markets has resulted in an increased demand for unsaturated polyester resins. Unsaturated polyester resins are widely used in structural and decorative applications as their low cost of manufacturing, excellent service temperatures and weight advantage make them a better substitute to metals.

The major participants operating in the global maleic anhydride market are Huntsman Corporation (U.S.), Lanxess AG (Germany), Polynt S.p.A. (Italy), Flint Hills Resources (Italy), Ashland Inc. (U.S.), DSM N.V. (Netherlands), Nippon Shokubai Co. Ltd. (Japan), BASF SE (Germany), Mitsubishi Chemical Holdings Corporation (Japan), and Thirumalai Chemicals Ltd. (India).