Market Research Reports

Maleic Anhydride Market For Unsaturated Polyester Resins (UPR), 1, 4-Butanediol (BDO), Additives (Lubricants & Oil), Copolymers and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018

63pages
Published Date: 2013-09-30
 

Description


The global maleic anhydride market has witnessed high growth in capacity expansions over the last few years. Europe and Asia Pacific dominated the global maleic anhydride market with over in terms of total consumption. The maleic anhydride market report by Transparency Market Research provides comprehensive analysis of the maleic anhydride industry in the context of the global market as well as regional market. This study analyzes and interprets key market dynamics for maleic anhydride including drivers, restraints, opportunities and their impact on the industry. This report segments the market on the regional and application level as well as provides estimates and forecasts for all applications in each region. The study provides in-depth analysis of maleic anhydride market from demand perspective, along with market estimates and forecast from 2012 to 2018, in terms of both volumes and revenues. The base year for the study was 2011 and all volumes have been represented in terms of kilo tons while revenues have been provided in USD million.

The report also provides a detailed value chain analysis of maleic anhydride, along with a Porter’s Five Forces model in order to pinpoint the pros and cons of various factors influencing the maleic anhydride industry. This helps various market participants such as substitutes, suppliers of raw materials, potential new entrants and buyers in their strategy making process. The report also presents a comprehensive assessment of various drivers and restraints of the maleic anhydride market. For the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed the key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities. Based on these factors the report also depicts the attractiveness of various segments in the form of a market attractiveness model and our analysis of the same.

Key maleic anhydride applications analyzed in this study include unsaturated polyester resins, BDO, additives (Lubricants and oil), copolymers and others. Unsaturated polyester resins (UPR) dominated the global market, in terms of volume and revenue in 2012. General construction, automobiles, bathroom fixtures, tanks, pipes, solvents, agro chemicals, transportation etc. are the key end users of maleic anhydride. All volumes i.e. Kilogram/Tons/Kilo Tons are expressed as Kilogram/Tons/Kilo Tons of dry polymers. All market revenue has been calculated on the basis of sales and consumption trends. All USD exchange rates are as of 2012.

North America, Europe, Asia Pacific, and RoW are the major regional markets covered in this study. Each of these regions have been further segmented on the basis of application of maleic anhydride and thorough analysis of each application in terms of revenue and volume from 2011 and forecast until 2018 has been included in this report. 

Comprehensive competitive landscape including company market share analysis and detailed profiles of key participants such as Huntsman Corporation, Lanxess AG, Polynt SpA, Flint Hills Resources, Ashland Inc., DSM N.V., Nippon Shokubai and others have been included in this report.

Maleic Anhydride Market: Application Analysis
  • Unsaturated polyester resins 
  • 1, 4-Butanediol 
  • Additives (Lubricants and Oil)
  • Copolymers
  • Others (Tris(3-(2-hydroxybenzophenone) propyl) Amine, alkyd resins, etc.)

Maleic Anhydride Market: Regional Analysis
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Table of Contents



Chapter 1 Preface
1.1 Report  Description
1.2 Market segmentation
      1.2.1 Global maleic anhydride market, by product and region
1.3 Research scope
1.4 Research methodology

Chapter 2 Executive Summary
2.1 Global maleic anhydride market, 2010 - 2018 (Kilo Tons) (USD Million)
2.2 Global maleic anhydride market: Snapshot

Chapter 3 Maleic Anhydride – Industry Analysis
3.1 Introduction
3.2 Value chain analysis
      3.2.1 Maleic anhydride and derivatives: Value chain analysis
3.3 Market Drivers
      3.3.1 Rising demand for unsaturated polyester resins
      3.3.2 Strong demand for 1, 4-Butanediol
               3.3.2.1 Global 1, 4-Butanediol  market revenue, 2009 – 2018 (USD Million)
      3.3.3 Growth of maleic anhydride market in Asia Pacific
               3.3.3.1 Per capita income of  India and China, 2009-2012
      3.3.4 Growth of lubricants market
               3.3.4.1 Global synthetic lubricants market volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
      3.3.5 Global automobile sales estimates and forecast, 2010 - 2018 (Million Units)
3.4 Restraints
      3.4.1 Volatility in raw material prices
               3.4.1.1 Global crude oil price trend estimate and forecast, 2009 – 2018 (USD/barrel)
3.5 Opportunities
      3.5.1 Commercialization of bio-based maleic anhydride
3.6 Porter’s five forces analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat from substitutes
      3.6.5 Degree of competition
3.7 Maleic anhydride: Market attractiveness analysis
3.8 Maleic anhydride: Company market share analysis, 2012

Chapter 4 Maleic Anhydride – Application analysis
4.1 Global maleic anhydride market: Application overview
      4.1.1 Global maleic anhydride market volume share, by application, 2011 & 2018
4.2 Unsaturated polyester resins
      4.2.1 Global maleic anhydride market for unsaturated polyester resins, 2010 - 2018 (Kilo Tons) (USD Million)
      4.3 1, 4-Butanediol      
      4.3.1 Global maleic anhydride market for 1, 4-Butanediol, 2010 - 2018 (Kilo Tons) (USD Million)
4.4 Additives (Lubricants and oil)
      4.4.1 Global maleic anhydride market for additives, 2010 - 2018 (Kilo Tons) (USD Million)
4.5 Copolymers
      4.5.1 Global maleic anhydride market for copolymers, 2010 - 2018 (Kilo Tons) (USD Million)
4.6 Others
      4.6.1 Global maleic anhydride market for other applications, 2012 – 2018 (Kilo Tons)(USD Million)

Chapter 5 Maleic Anhydride - Regional Analysis
5.1 Global maleic anhydride market: Regional overview
      5.1.1 Global maleic anhydride market volume share, by geography, 2011 – 2018
      5.1.2 North America
               5.1.2.1 North America maleic anhydride market volume, by application segment, 2011 – 2018 (Kilo Tons)
               5.1.2.2 North America maleic anhydride market revenue, by application segment, 2011 – 2018 (USD Million)
      5.1.3 Europe
              5.1.3.1 Europe maleic anhydride market volume, by application segment, 2011 – 2018 (Kilo Tons)
              5.1.3.2 Europe maleic anhydride market revenue, by application segment, 2011 – 2018 (USD Million)
      5.1.4 Asia Pacific
              5.1.4.1 Asia Pacific maleic anhydride market volume, by application segment, 2011 – 2018 (Kilo Tons)
              5.1.4.2 Asia Pacific maleic anhydride market revenue, by application segment, 2011 – 2018 (USD Million)
      5.1.5 Rest of the world (RoW)
               5.1.5.1 RoW maleic anhydride market volume, by application segment, 2011 – 2018 (Kilo Tons)
               5.1.5.2 RoW maleic anhydride market revenue, by application segment, 2011 – 2018 (USD Million)

Chapter 6 Company Profiles
6.1 Ashland Inc.
      6.1.1 Company overview
      6.1.2 Product Portfolio
      6.1.3 Financial overview
      6.1.4 Business strategies
      6.1.5 SWOT analysis
      6.1.6 Recent Developments
6.2 Compania Espanola de Petroleos, S.A.
      6.2.1 Company overview
      6.2.2 Product portfolio
      6.2.3 Financial overview
      6.2.4 Business strategy
      6.2.5 SWOT analysis
      6.2.6 Recent developments
6.3 DSM N.V.
      6.3.1 Company overview
      6.3.2 Product Portfolio
      6.3.3 Financial overview
      6.3.4 Business strategies
      6.3.5 SWOT analysis
      6.3.6 Recent developments
6.4 Flint Hills Resources
      6.4.1 Company overview
      6.4.2 Product portfolio
      6.4.3 Business strategies
      6.4.4 SWOT analysis
6.5 Huntsman Corporation
      6.5.1 Company overview
      6.5.2 Product Portfolio
      6.5.3 Financial overview
      6.5.4 Business strategy
      6.5.5 SWOT analysis
      6.5.6 Recent developments
6.6 Lanxess AG
      6.6.1 Company overview
      6.6.2 Product Portfolio
      6.6.3 Financial overview
      6.6.4 SWOT analysis
      6.6.5 Recent developments
6.7 Mitsubishi Chemical Holdings Corporation
      6.7.1 Company overview
      6.7.2 Product portfolio
      6.7.3 Financial overview
      6.7.4 Business strategies
      6.7.5 SWOT analysis
      6.7.6 Recent developments
6.8 MOL Hungarian Oil and Gas PLC
      6.8.1 Company overview
      6.8.2 Product portfolio
      6.8.3 Financial overview
      6.8.4 Business strategy
      6.8.5 SWOT analysis
6.9 Nippon Shokubai Co. Ltd.
      6.9.1 Company overview
      6.9.2 Product portfolio
      6.9.3 Financial overview
      6.9.4 Business strategies
      6.9.5 SWOT analysis
      6.9.6 Recent developments
6.10 Polynt S.p.A
      6.10.1 Company Overview
      6.10.2 Product Portfolio
      6.10.3 Financial overview
      6.10.4 Business strategies
      6.10.5 SWOT analysis
      6.10.6 Recent developments
6.11 Thirumalai Chemicals Limited
      6.11.1 Company overview
      6.11.2 Product portfolio
      6.11.3 Financial overview
      6.11.4 Business strategy
      6.11.5 SWOT analysis

List of Figures 

TABLE 1 Global maleic anhydride market: Snapshot
TABLE 2 Drivers of the maleic anhydride market: Impact Analysis
TABLE 3 Restraints for the maleic anhydride market: Impact Analysis
TABLE 4 North America maleic anhydride market, by application segment, 2011 – 2018 (Kilo Tons)
TABLE 5 North America maleic anhydride market revenue, by application segment, 2011 – 2018 (USD Million)
TABLE 6 Europe maleic anhydride market volume, by application segment, 2011 – 2018 (Kilo Tons)
TABLE 7 Europe maleic anhydride market revenue, by application segment, 2011 – 2018 (USD Million)
TABLE 8 Asia Pacific maleic anhydride market volume, by application segment, 2011 – 2018  (Kilo Tons)
TABLE 9 Asia Pacific maleic anhydride market revenue, by application segment, 2011 – 2018 (USD Million)
TABLE 10 RoW maleic anhydride market, by application type, 2011 – 2018 (Kilo Tons)
TABLE 11 RoW maleic anhydride market revenue, by application segment, 2011 – 2018 (USD Million)

List of Tables

TABLE 1 Global maleic anhydride market: Snapshot 15
TABLE 2 Drivers of the maleic anhydride market: Impact Analysis 20
TABLE 3 Restraints for the maleic anhydride market: Impact Analysis 25
TABLE 4 North America maleic anhydride market, by application segment, 2011 – 2018 (Kilo Tons) 41
TABLE 5 North America maleic anhydride market revenue, by application segment, 2011 – 2018 (USD Million) 41
TABLE 6 Europe maleic anhydride market volume, by application segment, 2011 – 2018 (Kilo Tons) 42
TABLE 7 Europe maleic anhydride market revenue, by application segment, 2011 – 2018 (USD Million) 43
TABLE 8 Asia Pacific maleic anhydride market volume, by application segment, 2011 – 2018  (Kilo Tons) 43
TABLE 9 Asia Pacific maleic anhydride market revenue, by application segment, 2011 – 2018 (USD Million) 44
TABLE 10 RoW maleic anhydride market, by application type, 2011 – 2018 (Kilo Tons) 45
TABLE 11 RoW maleic anhydride market revenue, by application segment, 2011 – 2018 (USD Million) 46

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Free Market Analysis


Maleic anhydride is an organic compound with a strong acrid odor is colorless and appears in white crystalline flakes. It is manufactured commercially by oxidation of butane or benzene. Maleic anhydride is widely used in the manufacturing of unsaturated polyester resins. These resins are used in general construction, automobile bodies, pipes and ducts, corrosion resistant tanks, paints and coatings, bathroom fixtures, furniture, radar domes, and fiberglass reinforced plastics. 

Maleic anhydride is a crucial raw material for manufacturing unsaturated polyester resins. Building & construction, automotive/transportation, pipes & 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. Robust growth in 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 global maleic anhydride market was valued at USD 3.8 billion in 2011 and is expected to grow at a CAGR of 6.4% from 2012 to 2018. 

Unsaturated polyester resins, BDO, additives (Lubricants and oil), copolymers, etc. are major application of maleic anhydride. In 2012, unsaturated polyester resins were the largest application segment accounting for over 49% of the global maleic anhydride market. BDO was the second largest outlet for maleic anhydride in 2012. Other key applications for maleic anhydride include the production of agricultural chemicals, lubricant additives, copolymers, malic acid, fumaric acid, surfactants and plasticizers. Maleic anhydride is also widely used as a chemical intermediate in multiple industrial processes.

The Asia Pacific region was the largest market for maleic anhydride with over 55% share of total volume consumed in 2012. Developing countries such as China, India and South Korea are the major markets for its derivatives. Growing automobile industry in emerging countries is expected to remain a key factor driving the use of maleic anhydride derivatives. The rise in disposable income, improved standards of living, strong economic conditions and growing population in China and South Korea are other factors contributing to market growth. Additives and copolymers are also gaining popularity in developing countries, and have high potential for deep market penetration. In addition, most maleic anhydride manufacturing companies are now shifting focus towards the Asia Pacific market and setting up new production plants. This would further the maleic anhydride market in this region. The per capita income of both India and China has shown an upward growth trend since 2009. With the increase in per capita income, the purchasing power of individuals has also increased resulting in the growing demand for unsaturated polyester resins and 1, 4-Butanediol.

A vital raw material used for producing maleic anhydride is butane or benzene, which is derived from natural gas or crude oil. Crude oil is highly volatile in its pricing, and this volatility can further be seen in its downstream derivatives. Instability in the prices of non-renewable resources coupled with environmental issues is expected to be major restraining factor for the production of petroleum based maleic anhydride. 

BP Chemicals, Huntsman and BASF SE have established a strong presence across the maleic anhydride market value chain. Typical end user industries for maleic anhydride are construction, transportation, electrical, solvents, agricultural chemicals, synthetic fibers and roofing and other such segments. Companies such as Ashland, Huntsman, BASF SE are forward integrated companies that extract raw materials for maleic anhydride production, besides being involved in manufacturing, distribution and consumption of maleic anhydride for a few applications. Huntsman Corporation, Polynt SpA, Lanxess AG, Sasol-Huntsman, Flint Hills Resources, Ashland, DSM N.V., etc. are some of the key manufacturers of maleic anhydride and its products.

global-maleic-anhydride-market-2010-2018
 

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