Sample - Maleic Anhydride Market Analysis and Segment Forecast To 2024

Maleic Anhydride Market Analysis By Application (UPR, BDO, Additives,
Copolymers) And Segment Forecasts To 2024
Grand View Research, Inc.

28 2nd Street, Suite 3036
About Us San Francisco, CA 94105
United States
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
Maleic Anhydride Market Analysis and Segment Forecasts To 2024
About Us
Grand View Research is a market research and consulting company that provides syndicated
research reports, customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring relevant and fact-
based research across a range of industries including Technology, Chemicals, Materials, and
Energy. With a deep-seated understanding of many business environments, Grand View
Research provides strategic objective insights. We periodically update our market research
studies to ensure our clients get the most recent, relevant, and valuable information. Grand
View Research has a strong base of analysts and consultants from assorted areas of expertise.
Our industry experience and ability to zero-in on the crux of any challenge gives you and your
organization the ability to secure a competitive advantage.
Copyright © 2016 Grand View Research Inc., USA

All Rights Reserved. This document contains highly confidential information and is the sole
property of Grand View Research. No part of it may be circulated, copied, quoted, or otherwise
reproduced without the approval of Grand View Research.
©Grand View Research, Inc., USA. All Rights Reserved. Page | 2

Table of Content
Chapter 1 Methodology & Scope

1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary

2.1 Maleic Anhydride- Industry Summary & Key Buying Criteria
Chapter 3 Maleic Anhydride Industry Outlook

3.1 Market segmentation
3.2 Market Size and Growth Prospects
3.3 Maleic anhydride- Value chain analysis
3.3.1 Vendor landscape
3.4 Maleic anhydride- Raw material trend
3.4.1 n-butane
3.4.2 Benzene
3.5 Technology outlook
3.5.1 Fixed bed technology
3.5.2 Fluidized bed technology
3.5.3 Transport bed technology
3.5.4 Recovery from phthalic anhydride
3.5.4.1 Comparative analysis: fixed-bed technology versus
fluidized-bed technology
3.6 Regulatory Scenario
3.7 Maleic anhydride production outlook
3.7.1 Global maleic anhydride production capacity share by region, 2007 &
2014
3.7.2 Maleic anhydride production capacity by company, 2015
3.8 Maleic anhydride production cost analysis
3.8.1 Maleic anhydride manufacturing economics
3.9 Price trend analysis
3.9.1 Maleic anhydride pricing trend, 1990-2030
3.10 Maleic Anhydride- Market dynamics

3.10.1 Market driver analysis

3.10.1.1 Growing BDO demand in textiles and fabrics
3.10.1.2 Growing UPR demand in building & construction
3.10.1.3 Growing UPR demand in automobile industry
3.10.2 Market restraint analysis
3.10.2.1 Volatile raw material prices
3.11 Maleic Anhydridecompany market share analysis, 2015
3.12 Key opportunities - Prioritized
3.13 Industry Analysis - Porter’s
3.14 Maleic Anhydride- PESTEL Analysis
Chapter 4 Maleic Anhydride Application Outlook

4.1 Global maleic anhydride market share by application, 2015 & 2024
4.2 Unsaturated polyester resin (UPR)
4.2.1 Global maleic anhydride market estimates and forecast in UPR, 2014 –
2024
4.2.2 Global maleic anhydride market estimates and forecast in UPR by region,
2014 – 2024
4.3 1,4-Butanediol (BDO)
4.3.1 Global maleic anhydride market estimates and forecast in BDO, 2014 –
2024
4.3.2 Global maleic anhydride market estimates and forecast in BDO by region,
2014 – 2024
4.4 Additives
4.4.1 Global maleic anhydride market estimates and forecast in additives, 2014
– 2024
4.4.2 Global maleic anhydride market estimates and forecast in additives by
region, 2014 – 2024
4.5 Copolymers
4.5.1 Global maleic anhydride market estimates and forecast in copolymers,
2014 – 2024
4.5.2 Global maleic anhydride market estimates and forecast in copolymers by
region, 2014 – 2024
4.6 Others
4.6.1 Global maleic anhydride market estimates and forecast in other
applications, 2014 – 2024
4.6.2 Global maleic anhydride market estimates and forecast in other
applications by region, 2014 – 2024

Chapter 5 Maleic AnhydrideRegional Outlook

5.1 Global maleic anhydride market revenue share by region, 2015& 2024
5.2 North America
5.2.1 North America maleic anhydride market estimates and forecast, 2014 –
2024
5.2.2 North America maleic anhydride market estimates and forecast by
application, 2014 – 2024
5.2.3 U.S.
5.2.3.1 U.S. maleic anhydride market estimates and
forecast, 2014 – 2024
5.2.3.2 U.S. maleic anhydride market estimates and
forecast by application, 2014 – 2024
5.2.4 Canada
5.2.4.1 Canada maleic anhydride market estimates and
forecast, 2014 – 2024
5.2.4.2 Canada maleic anhydride market estimates and
5.3 Europe
5.3.1 Europe maleic anhydride market estimates and forecast, 2014 – 2024
5.3.2 Europe maleic anhydride market estimates and forecast by application,
2014 – 2024
5.3.3 Germany
5.3.3.1 Germany maleic anhydride market estimates and
forecast, 2014 – 2024
5.3.3.2 Germany maleic anhydride market estimates and
5.3.4 UK
5.3.4.1 UK maleic anhydride market estimates and forecast,
2014 – 2024
5.3.4.2 UK maleic anhydride market estimates and forecast
by application, 2014 – 2024
5.4 Asia Pacific
5.4.1 Asia Pacific maleic anhydride market estimates and forecast, 2014 – 2024
5.4.2 Asia Pacific maleic anhydride market estimates and forecast by
5.4.3 China
5.4.3.1 China maleic anhydride market estimates and
forecast, 2014 – 2024

5.4.3.2 China maleic anhydride market estimates and

5.4.4 Japan
5.4.4.1 Japan maleic anhydride market estimates and
forecast, 2014 – 2024
5.4.4.2 Japan maleic anhydride market estimates and
5.5 Middle East & Africa
5.5.1 Middle East & Africa maleic anhydride market estimates and forecast,
2014 – 2024
5.5.2 Middle East & Africa maleic anhydride market estimates and forecast by
5.6 Central & South America
5.6.1 Central & South America maleic anhydride market estimates and forecast,
2014 – 2024
5.6.2 Central & South America maleic anhydride market estimates and forecast
by application, 2014 – 2024
Chapter 6 Competitive Landscape

6.1 Ashland Inc.
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 Compania Espanola de Petroleos, S.A
6.3 DSM N.V.
6.4 Flint Hills Resources


6.5 Huntsman Corporation
6.6 Lanxess A.G.
6.6.3 Application Benchmarking
6.7 Mitsubishi Chemicals
6.8 MOL Hungarian Oil & Gas Plc
6.9 Merck & Co., Inc.
6.10 Nippon Shokubai Co., Ltd.
6.11 Polynt S.p.A

6.12 Thirumalai Chemicals Ltd.

6.13 Changzhou Yabang Chemical Co. Ltd.
6.14 Shanxi Qiaoyou Chemical Industrial Group Co. Ltd.
6.15 Tianjin Bohai Chemicals
6.16 Sasol
6.17 Jiangyin Shunfei
6.18 Changfeng Shanghai
6.19 Baotie Hebei
6.20 Bartek Ingredients


List of Tables
TABLE 1 Maleic Anhydride- Industry Summary & Key Buying Criteria

TABLE 2 Global maleic anhydride market estimates, 2014 – 2016, (Kilo Tons) (USD Million)
TABLE 3 Global maleic anhydride market estimates and forecast, 2017 – 2024, (Kilo Tons)
(USD Million)
TABLE 4 Global maleic anhydride market volume estimates by region, 2014– 2016, (Kilo
Tons)
TABLE 5 Global maleic anhydride market volume estimates and forecast by region, 2017–
2024, (Kilo Tons)
TABLE 6 Global maleic anhydride revenue estimates by region, 2014– 2016, (USD Million)
TABLE 7 Global maleic anhydride revenue estimates and forecast by region, 2017– 2024,
(USD Million)
TABLE 8 Global maleic anhydride market volume estimates by application, 2014– 2016,
(Kilo Tons)
TABLE 9 Global maleic anhydride market volume estimates and forecast by application,
2017– 2024, (Kilo Tons)
TABLE 10 Global maleic anhydride revenue estimates by application, 2014– 2016, (USD
Million)
TABLE 11 Global maleic anhydride revenue estimates and forecast by application, 2017–
2024, (USD Million)
TABLE 12 Global n-butane price trend by region, 2007 – 2014, (USD/ton)
TABLE 13 Global benzene price trend by region, 2007 – 2014, (USD/ton)
TABLE 14 Comparative analysis: fixed-bed technology versus fluidized-bed technology
TABLE 15 Global maleic anhydride production capacity by region, 2007 – 2015 (Kilo Tons)
TABLE 16 Global maleic anhydride production capacity by company, 2015 (Kilo Tons)
TABLE 17 Maleic anhydride capital expenditure split
TABLE 18 Global maleic anhydrideprice trend, 1990 – 2000, (USD/ton)
TABLE 22 Maleic Anhydride– Key market driver analysis
TABLE 23 UPR applications in the construction industry
TABLE 24 Maleic Anhydride– Key market restraint analysis
TABLE 25 Maleic anhydride: Company market share analysis, 2015
TABLE 26 Global maleic anhydride market estimates in UPR, 2014 – 2016,(Kilo Tons) (USD
Million)
TABLE 27 Global maleic anhydride market estimates and forecast in UPR, 2017 – 2024, (Kilo
Tons)(USD Million)
TABLE 28 Global maleic anhydride market volume estimates in UPR by region, 2014 - 2016
(Kilo Tons)

TABLE 29 Global maleic anhydride market volume estimates and forecast in UPR by region,
2017 - 2024 (Kilo Tons)
TABLE 30 Global maleic anhydride revenue estimates in UPR by region, 2014 – 2016 (USD
Million)
TABLE 31 Global maleic anhydride revenue estimates and forecast in UPR by region, 2017 -
2024 (USD Million)
TABLE 32 Global maleic anhydride market estimates in BDO, 2014 – 2016,(Kilo Tons) (USD
Million)
TABLE 33 Global maleic anhydride market estimates and forecast in BDO, 2017 – 2024, (Kilo
Tons)(USD Million)
TABLE 34 Global maleic anhydride market volume estimates in BDO by region, 2014 - 2016
(Kilo Tons)
TABLE 35 Global maleic anhydride market volume estimates and forecast in BDO by region,
2017 - 2024 (Kilo Tons)
TABLE 36 Global maleic anhydride revenue estimates in BDO by region, 2014 – 2016 (USD
Million)
TABLE 37 Global maleic anhydride revenue estimates and forecast in BDO by region, 2017 -
2024 (USD Million)
TABLE 38 Global maleic anhydride market estimates in additives, 2014 – 2016,(Kilo Tons)
(USD Million)
TABLE 39 Global maleic anhydride market estimates and forecast in additives, 2017 – 2024,
(Kilo Tons)(USD Million)
TABLE 40 Global maleic anhydride market volume estimates in additives by region, 2014 -
2016 (Kilo Tons)
TABLE 41 Global maleic anhydride market volume estimates and forecast in additives by
region, 2017 - 2024 (Kilo Tons)
TABLE 42 Global maleic anhydride revenue estimates in additives by region, 2014 – 2016
(USD Million)
TABLE 43 Global maleic anhydride revenue estimates and forecast in additives by region,
2017 - 2024 (USD Million)
TABLE 44 Global maleic anhydride market estimates in copolymers, 2014 – 2016,(Kilo Tons)
(USD Million)
TABLE 45 Global maleic anhydride market estimates and forecast in copolymers, 2017 –
2024, (Kilo Tons)(USD Million)
TABLE 46 Global maleic anhydride market volume estimates in copolymers by region, 2014 -
2016 (Kilo Tons)
TABLE 47 Global maleic anhydride market volume estimates and forecast in copolymers by
region, 2017 - 2024 (Kilo Tons)
TABLE 48 Global maleic anhydride revenue estimates in copolymers by region, 2014 – 2016
(USD Million)
TABLE 49 Global maleic anhydride revenue estimates and forecast in copolymers by region,
TABLE 50 Global maleic anhydride market estimates in other applications, 2014 – 2016,(Kilo
Tons) (USD Million)

TABLE 51 Global maleic anhydride market estimates and forecast in other applications, 2017
– 2024, (Kilo Tons)(USD Million)
TABLE 52 Global maleic anhydride market volume estimates in other applications by region,
2014 - 2016 (Kilo Tons)
TABLE 53 Global maleic anhydride market volume estimates and forecast in other
applications by region, 2017 - 2024 (Kilo Tons)
TABLE 54 Global maleic anhydride revenue estimates in other applications by region, 2014 –
2016 (USD Million)
TABLE 55 Global maleic anhydride revenue estimates and forecast in other applications by
region, 2017 - 2024 (USD Million)
TABLE 56 North America maleic anhydride market estimates, 2014 – 2016, (Kilo Tons) (USD
Million)
TABLE 57 North America maleic anhydride market estimates and forecast, 2017 – 2024, (Kilo
Tons) (USD Million)
TABLE 58 North America maleic anhydride market volume estimates by application, 2014–
2016, (Kilo Tons)
TABLE 59 North America maleic anhydride market volume estimates and forecast by
application, 2017– 2024, (Kilo Tons)
TABLE 60 North America maleic anhydride revenue estimates by application, 2014– 2016,
(USD Million)
TABLE 61 North America maleic anhydride revenue estimates and forecast by application,
2017– 2024, (USD Million)
TABLE 62 U.S. maleic anhydride market estimates, 2014 – 2016, (Kilo Tons) (USD Million)
TABLE 63 U.S. maleic anhydride market estimates and forecast, 2017 – 2024, (Kilo Tons)
(USD Million)
TABLE 64 U.S. maleic anhydride market volume estimates by application, 2014– 2016, (Kilo
Tons)
TABLE 65 U.S. maleic anhydride market volume estimates and forecast by application, 2017–
2024, (Kilo Tons)
TABLE 66 U.S. maleic anhydride revenue estimates by application, 2014– 2016, (USD
Million)
TABLE 67 U.S. maleic anhydride revenue estimates and forecast by application, 2017– 2024,
(USD Million)
TABLE 68 Canada maleic anhydride market estimates, 2014 – 2016, (Kilo Tons) (USD
Million)
TABLE 69 Canada maleic anhydride market estimates and forecast, 2017 – 2024, (Kilo Tons)
(USD Million)
TABLE 70 Canada maleic anhydride market volume estimates by application, 2014– 2016,
(Kilo Tons)
TABLE 71 Canada maleic anhydride market volume estimates and forecast by application,
2017– 2024, (Kilo Tons)
TABLE 72 Canada maleic anhydride revenue estimates by application, 2014– 2016, (USD
Million)

TABLE 73 Canada maleic anhydride revenue estimates and forecast by application, 2017–
2024, (USD Million)
TABLE 74 Europe maleic anhydride market estimates, 2014 – 2016, (Kilo Tons) (USD Million)
TABLE 75 Europe maleic anhydride market estimates and forecast, 2017 – 2024, (Kilo Tons)
(USD Million)
TABLE 76 Europe maleic anhydride market volume estimates by application, 2014– 2016,
(Kilo Tons)
TABLE 77 Europe maleic anhydride market volume estimates and forecast by application,
2017– 2024, (Kilo Tons)
TABLE 78 Europe maleic anhydride revenue estimates by application, 2014– 2016, (USD
Million)
TABLE 79 Europe maleic anhydride revenue estimates and forecast by application, 2017–
2024, (USD Million)
TABLE 80 Germany maleic anhydride market estimates, 2014 – 2016, (Kilo Tons) (USD
Million)
TABLE 81 Germany maleic anhydride market estimates and forecast, 2017 – 2024, (Kilo
Tons) (USD Million)
TABLE 82 Germanymaleic anhydride market volume estimates by application, 2014– 2016,
(Kilo Tons)
TABLE 83 Germanymaleic anhydride market volume estimates and forecast by application,
2017– 2024, (Kilo Tons)
TABLE 84 Germany maleic anhydride revenue estimates by application, 2014– 2016, (USD
Million)
TABLE 85 Germany maleic anhydride revenue estimates and forecast by application, 2017–
2024, (USD Million)
TABLE 86 UK maleic anhydride market estimates, 2014 – 2016, (Kilo Tons) (USD Million)
TABLE 87 UK maleic anhydride market estimates and forecast, 2017 – 2024, (Kilo Tons)
(USD Million)
TABLE 88 UK maleic anhydride market volume estimates by application, 2014– 2016, (Kilo
Tons)
TABLE 89 UK maleic anhydride market volume estimates and forecast by application, 2017–
2024, (Kilo Tons)
TABLE 90 UK maleic anhydride revenue estimates by application, 2014– 2016, (USD Million)
TABLE 91 UK maleic anhydride revenue estimates and forecast by application, 2017– 2024,
(USD Million)
TABLE 92 Asia Pacificmaleic anhydride market estimates, 2014 – 2016, (Kilo Tons) (USD
Million)
TABLE 93 Asia Pacific maleic anhydride market estimates and forecast, 2017 – 2024, (Kilo
Tons) (USD Million)
TABLE 94 Asia Pacific maleic anhydride market volume estimates by application, 2014–
2016, (Kilo Tons)
TABLE 95 Asia Pacific maleic anhydride market volume estimates and forecast by

TABLE 96 Asia Pacific maleic anhydride revenue estimates by application, 2014– 2016, (USD
Million)
TABLE 97 Asia Pacific maleic anhydride revenue estimates and forecast by application,
TABLE 98 China maleic anhydride market estimates, 2014 – 2016, (Kilo Tons) (USD Million)
TABLE 99 China maleic anhydride market estimates and forecast, 2017 – 2024, (Kilo Tons)
(USD Million)
TABLE 100 China maleic anhydride market volume estimates by application, 2014– 2016, (Kilo
Tons)
TABLE 101 China maleic anhydride market volume estimates and forecast by application,
2017– 2024, (Kilo Tons)
TABLE 102 China maleic anhydride revenue estimates by application, 2014– 2016, (USD
Million)
TABLE 103 China maleic anhydride revenue estimates and forecast by application, 2017–
2024, (USD Million)
TABLE 104 Japan maleic anhydride market estimates, 2014 – 2016, (Kilo Tons) (USD Million)
TABLE 105 Japanmaleic anhydride market estimates and forecast, 2017 – 2024, (Kilo Tons)
(USD Million)
TABLE 106 Japan maleic anhydride market volume estimates by application, 2014– 2016,
(Kilo Tons)
TABLE 107 Japan maleic anhydride market volume estimates and forecast by application,
2017– 2024, (Kilo Tons)
TABLE 108 Japan maleic anhydride revenue estimates by application, 2014– 2016, (USD
Million)
TABLE 109 Japan maleic anhydride revenue estimates and forecast by application, 2017–
2024, (USD Million)
TABLE 110 Middle East & Africamaleic anhydride market estimates, 2014 – 2016, (Kilo Tons)
(USD Million)
TABLE 111 Middle East & Africa maleic anhydride market estimates and forecast, 2017 –
2024, (Kilo Tons) (USD Million)
TABLE 112 Middle East & Africa maleic anhydride market volume estimates by application,
2014– 2016, (Kilo Tons)
TABLE 113 Middle East & Africamaleic anhydride market volume estimates and forecast by
TABLE 114 Middle East & Africa maleic anhydride revenue estimates by application, 2014–
2016, (USD Million)
TABLE 115 Middle East & Africa maleic anhydride revenue estimates and forecast by
application, 2017– 2024, (USD Million)
TABLE 116 Central & South America maleic anhydride market estimates, 2014 – 2016, (Kilo
Tons) (USD Million)
TABLE 117 Central & South America maleic anhydride market estimates and forecast, 2017 –
TABLE 118 Central & South America maleic anhydride market volume estimates by

TABLE 119 Central & South America maleic anhydride market volume estimates and forecast
by application, 2017– 2024, (Kilo Tons)
TABLE 120 Central & South America maleic anhydride revenue estimates by application,
TABLE 121 Central & South America maleic anhydride revenue estimates and forecast by

List of Figures
FIG. 1 Maleic anhydride market segmentation

FIG. 2 Global maleic anhydridemarket revenue, (USD Million), 2014 - 2024
FIG. 3 Maleic anhydridevalue chain analysis
FIG. 4 Global butane price trend by region, 2007 – 2014, (USD/ton)
FIG. 5 Global n-butane demand estimates, 2007 – 2014, (Million Tons)
FIG. 6 Global benzene price trends, 2007 – 2014, (USD/ton)
FIG. 7 Global benzene supply-demand trends, 2007 – 2014, (Million Ton)
FIG. 8 Global maleic anhydride production capacity share by region, 2007 & 2015
FIG. 9 Maleic anhydride: Capital investment distribution share
FIG. 10 Maleic anhydride: Operating cost distribution share
FIG. 11 Global maleic anhydride price trends by region, 1990 – 2015, (USD/Ton)
FIG. 12 Maleic anhydride market dynamics
FIG. 13 Global BDO volume share by application, 2012 & 2015
FIG. 14 Global apparel retail industry market size, 2012 - 2015, (USD Billion)
FIG. 15 Global construction market revenue, 2012 – 2020 (USD Trillion)
FIG. 16 Global automobile (car and commercial vehicle) production, 2009 – 2014 (Million
Units)
FIG. 17 Brent crude oil prices, 2009 – 2015, (USD/barrel)
FIG. 18 Global benzene price trends, 2007 – 2014, (USD/ton)
FIG. 20 Butane prices, Jan 2014 to July 2015, (USD/Ton)
FIG. 21 Key Opportunities Prioritized
FIG. 22 Maleic Anhydride- Porter’s Analysis
FIG. 23 Maleic Anhydride- PESTEL Analysis
FIG. 24 Global maleic anhydride volume share by application, 2015 & 2024
FIG. 25 Global maleic anhydride volume share by region, 2015 & 2024

Chapter 1 Methodology & Scope

1.1 Research Methodology
We implement a mix of primary and secondary research for our market estimate and forecast.
Secondary research forms the initial phase of our study, where we conducted extensive data
mining, referring to verified data sources such as independent studies, government and
regulatory published material, technical journals, trade magazines paid data sources. This forms
the basis of our estimates.
For forecasting, the following parameters were considered,
 Market drivers and restraints, along with their current and expected impact
 Technological scenario and expected developments
 End-use industry trends and dynamics
 Trends in consumer behavior
We assigned weights to these parameters and have quantified their market impact using
weighted average analysis, to derive an expected market growth rate.
All our estimates and forecasts were verified through exhaustive primary research with Key
Industry Participants (KIPs) which typically include,
 Market leading companies

 Raw material manufacturers
 System integrators
The key objectives of primary research are as follows,
 To validate our data in terms of accuracy and acceptability

 To gain an insight in to the current market and future expectations
1.2 Research Scope & Assumptions
The report provides market value for base year 2015 and a yearly forecast to 2024 in terms of
volume (Kilo Tons) and revenue (USD Million). Market for each application has been provided
on a regional basis for the above mentioned forecast period.

Key industry dynamics, regulatory scenario, major technological trends and end-use markets
were evaluated to understand their impact on demand for the forecast period. Growth rates
were estimated using correlation, regression and time-series analysis.
We have used a bottom-up approach for market sizing, analyzing key regional markets,
dynamics and trends for various end-uses. Global market was estimated by integrating regional
markets.
All market estimates and industry analysis were validated through exhaustive primary research
with key industry participants and consumers.
Assumptions while estimating and forecasting the global maleic anhydride market,
 We have estimated the maleic anhydride market from demand/consumption perspective

 Inflation has not been accounted for while estimating the market
 North America includes U.S., Canada, Mexico
 Europe includes Western European countries such as Germany, UK, France, Italy,
Spain and Eastern & Central European countries
 MEA in the report denotes Middle East & Africa
 CSA in the report denotes Central & South America
 Other applications include Tris(3-(2-hydroxybenzophenone) propyl) Amine (THPA),
alkyd resins, etc.
 Turkey has been included in Europe and not in the Middle East
 Prices provided in the report are based on actual quotes received from MAN
suppliers/manufacturers and feedback received during primary interviews
 Prices have been calculated keeping the value of US dollar constant
 Numbers might not add up due to rounding off

1.3 List of Data Sources
List of secondary sources include but are not limited to:
 ICIS
 Oil & Gas Journal
 Gulf Petrochemicals & Chemicals Association (GPCA)
 Chemical Weekly Magazine
 Plastics Today Magazine
 Plastemart Magazine
 U.S. EPA
 REACH
 U.S. Department of Energy (DoE)
 International Journal of Industrial Chemistry
 Company Investor Presentations
 Company Annual Reports
 Hoovers
List of primary sources include but are not limited to:
 xxx
 xxx
 xxx

Chapter 2 Executive Summary

2.1 Maleic Anhydride- Industry Summary & Key Buying Criteria
TABLE 1 Maleic Anhydride- Industry Summary & Key Buying Criteria
Market size 2014 2015 2024

2014 - 2024
Volume: 1,890.5 Kilo Tons Volume: 1,845.0 Kilo Tons Volume: 2,987.2 Kilo Tons
Application 2015 2024
UPR 50.5% 49.9%
BDO 17.9% 19.6%

Application Volume
Share
Additives 11.0% 10.6%
Copolymers 10.45% 10.51%
Others 10.1% 9.4%
Market summary Increasing penetration for manufacturing additives for lubricants and fuel oils is anticipated to
drive maleic anhydride industry growth in next six years. n-Butane and benzene are the major
raw materials utilized for manufacturing the intermediate using fixed bed, fluidized bed,
transport bed and recovery from phthalic anhydride technologies. Growing construction
spending and improving infrastructure particularly in emerging BRICS economies is expected
to augment UPR and copolymer demand in near future which is expected to drive demand.
Potential growth  Technological advancements and increasing R&D spending for product development
opportunities  Growth opportunities in copolymer application
 China and Brazil are expected to be most attractive regional markets
Company share, Huntsman – 9.2%; Yabang Jiangsu – 6.6%; Polynt S.p.A. – 4.5%
2015
PESTEL Analysis Growing maleic anhydride demand for manufacturing a wide host of chemicals including
unsaturated polyester resins, copolymers and 1,4-butanediol is expected to remain a major
factor driving industry growth over the forecast period. Growing environmental concerns
regarding toxic emissions have prompted regulatory agencies across the globe to mandate
various regulatory norms such as cleaner diesel fuel program in the U.S. Such mandates have
further prompted oil marketers to blend specialty fuel additives in transportation fuel. Increasing
requirement for specialty additives is estimated to augment maleic anhydride demand over the
forecast period
Key buying criteria  R&D to improve catalysts in fluid-bed technology are expected to offer enhanced product
yields
 Stable prices and long-term contracts
Source: ICIS, Chemical Weekly, IJIC, Primary Interviews, Grand View Research Inc.

TABLE 2 Global maleic anhydride market estimates, 2014 – 2016, (Kilo Tons) (USD
Million)
2014 2015 2016
Volume
1,890.5 xx xx
(Kilo Tons)
Revenue
xx 2,302.1 xx
(USD Million)
TABLE 3 Global maleic anhydride market estimates and forecast, 2017 – 2024, (Kilo
Tons) (USD Million)
CAGR
2017 2018 2019 2020 2021 2022 2023 2024
(2016-24)
Volume
xx xx xx xx xx xx xx xx xx%
(Kilo Tons)
Revenue
(USD Million)
Global maleic anhydride market size was xx kilo tons in 2015 and is expected to reach a total
demand of xx kilo tons by 2024, growing at an estimated CAGR of xx% over the forecast period.
In terms of revenue, the market was valued at USD 2,302.1 million in 2015 and is expected to
reach USD xx million by 2024, growing at an estimated CAGR of xx% from 2016 to 2024.
TABLE 4 Global maleic anhydride market volume estimates by region, 2014– 2016,
(Kilo Tons)
Region 2014 2015 2016
North America 280.7 xx xx
Europe xx xx xx
Asia Pacific xx 1063.5 xx
CSA 77.9 xx xx
MEA xx xx xx
Total 1,890.5 xx xx

Asia Pacific maleic anhydride demand was xx kilo tons in 2015 and is expected to reach xx kilo
tons by 2024, growing at an estimated CAGR of xx% from 2016 to 2024.Increasing construction
spending coupled with the growth of automotive industry particularly in emerging economies
such as China, India, and Indonesia is expected to drive the industry growth in this region over
the forecast period. Asia Pacific is anticipated to project the fastest growth over the forecast
period owing to rapid commercialization of lubricant additives and improving infrastructure
primarily in South East regions of Indonesia, Thailand.
TABLE 5 Global maleic anhydride revenue estimates and forecast by region, 2017–
2024, (USD Million)
CAGR
Region 2017 2018 2019 2020 2021 2022 2023 2024 (2016-
24)
North America xx xx xx xx xx xx xx xx xx%
Europe xx xx xx xx xx xx xx xx xx%
Asia Pacific xx xx xx xx xx xx xx xx xx%
CSA xx xx xx xx xx xx xx xx xx%
MEA xx xx xx xx xx xx xx xx xx%
Total xx xx xx xx xx xx xx xx xx%
In terms of revenue, maleic anhydride demand for Asia Pacific was valued USD xx million in
2015 and is expected to reach USD xx million by 2024, growing at an estimated CAGR of xx%
from 2016 to 2024.
TABLE 6 Global maleic anhydride market volume estimates and forecast by

CAGR
Application 2017 2018 2019 2020 2021 2022 2023 2024 (2016-
24)
UPR xx xx xx xx xx xx xx xx xx%
BDO xx xx xx xx xx xx xx xx xx%
Additives xx xx xx xx xx xx xx xx xx%
Copolymers xx xx xx xx xx xx xx xx xx%
Others xx xx xx xx xx xx xx xx xx%

Unsaturated polyester resin (UPR) was the leading application segment for maleic anhydride
and accounted for xx kilo tons of the total market volume in 2015. The product demand in the
segment is expected to reach xx kilo tons by 2024, growing at an estimated CAGR of xx% over
the forecast period.
TABLE 7 Global maleic anhydride revenue estimates by application, 2014– 2016,
(USD Million)
Application 2014 2015 2016
UPR xx 1,138.3 xx
BDO 595.1 xx xx
Additives xx xx xx
Copolymers 351.6 xx xx
Others xx xx xx
Total xx xx xx
In terms of revenue generated from BDO segment was valued at USD xx million in 2015. It is
expected to reach USD xx million by 2024, growing at an estimated CAGR of xx% from 2016 to
2024. Global UPR application segment is anticipated to witness a comparable growth, growing
at an estimated CAGR of xx% over the forecast period.

Chapter 3 Maleic Anhydride Industry Outlook

3.1 Market segmentation
FIG. 1 Maleic anhydride market segmentation
Maleic Anhydride
Application Region
• Unsaturated polyester • North America

resin (UPR)
• Europe
• 1,4-butanediol (BDO)
• Asia Pacific
• Additives
• Central & South
• Copolymers America
• Others • Middle East & Africa
Source: Primary Interviews, Grand View Research
We have segmented the maleic anhydride market on the basis of application and region. On the
basis of application, the market has been segmented into unsaturated polyester resin (UPR),
1,4-butanediol (BDO), additives (lubricants & oil), and copolymers. Other applications where
maleic anhydride is used include the production of agricultural chemicals, malic acid, fumaric
acid, surfactants, and plasticizers.
1,4-BDO is an organic compound used as an industrial solvent & cleaner and glue remover. It is
a key raw material for manufacturing spandex via producing polytetramethylene ether glycol.
BDO is used to manufacture polyurethanes, which have large downstream applications such as
footwear, transportation, and building & construction.

Unsaturated polyester resins (UPR) are used for various applications including boat and ship
building, manufacturing of wind blades, electrical windmills, automotive applications, sanitary
wares, fiberglass reinforced plastics, and non-reinforced plastics.
On the basis of region, the market has been segmented into North America, Europe, Asia
Pacific, Central & South America, Middle East and Africa. North American maleic anhydride
market includes the U.S., Canada, and Mexico. Europe maleic anhydride market includes
Germany, the UK, France, and Russia. Asia Pacific maleic anhydride market includes China,
India, Japan, South Korea, Indonesia, and Australia. Central & South America maleic anhydride
market mainly includes Brazil. The Middle East maleic anhydride market includes Saudi Arabia
and the UAE.
3.2 Market Size and Growth Prospects
FIG. 2 Global maleic anhydride market revenue, (USD Million), 2014 - 2024
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Volume (Kilo Tons) Revenue (USD Million)
Global maleic anhydride market size was estimated at xx kilo tons in 2015. Surging demand as
a platform chemical for manufacturing a wide range of chemicals including unsaturated
polyester resins (UPR), copolymers, and 1,4-butanediol (BDO) is expected to remain a major
factor driving industry growth over the forecast period.

Increasing penetration for manufacturing additives for lubricants and fuel oils is anticipated to
drive maleic anhydride industry growth over the next eight years. n-Butane and benzene are the
major raw materials utilized for manufacturing the intermediate using fixed bed, fluidized bed,
transport bed, and for recovery from phthalic anhydride technologies.
3.3 Maleic anhydride- Value chain analysis
FIG. 3 Maleic anhydride value chain analysis
High degree of integration across the value chain by BASF
Forward integration Ashland, DSM, Mitsubishi
Maleic Anhydride
Raw Material Distribution
Manufacturer Application
•Fixed bed
technology •UPR
•Fluidized bed •BDO
•Benzene technology •Additives
•n-butane •Transport bed •Copolymers
technology
•Simagchem
Corp.
•Qingdao
Samestar Co., •Swancor
Ltd. •Dairen
•Flint Hills •Tianjin Bohai Chemical Corp.
Resources
•Sinopec •International
•Huntsman
Corporation Corporation Specialty
•Chevron Phillips •Lanxess AG Products
Chemical Company • Shanxi Qiaoyou
LP •Polynt S.p.A
Maleic anhydride value chain starts with raw material used for production. Major raw materials
employed for manufacturing maleic anhydride include benzene and n-butane. Key industry
participants involved in raw material manufacturing include Sinopec Corporation, Chevron
Phillips Chemical Company LP, BASF, Evonik Industries AG, Exxon Mobil Corporation, Ineos
Group, Reliance Industries Limited, The Dow Chemical Company, and Total.

3.3.1 Vendor landscape
Regional
Company Role Production
presence
Maleic anhydride Maleic Anhydride,
Ashland manufacturing Dimethyl Maleate, Asia Pacific, North
Chemical Co. Dibutyl Maleate, America and CSA
Dioctyl Maleate
Canada,Algeria,
Compania Manufacturing and
Colombia,
Espanola de supply of crude oil Maleic anhydride
Brazil,Peru, Portugal
Petroleos , S.A and its derivatives
and Panama
Maleic Anhydride,
Manufacturing
Dimethyl Maleate,
DSM N.V. chemicals and its Global
Dibutyl Maleate,
derivatives
Dioctyl Maleate
Manufacturing
Flint Hills
Chemicals and Maleic anhydride Global
Resources
transporting fuels
Maleic anhydride America, Asia
Huntsman
manufacturing and Maleic anhydride Pacific,Europe,Africa
Corporation
supplying and Middle east
Maleic anhydride and
Lanxess AG its derivatives Maleic anhydride Global
manufacturing
U.S., Germany,
Manufacturing
Mitsubishi Hong Kong,
petrochemicals and Maleic anhydride
Chemicals Singapore and
industrial products
China.
Maleic anhydride
MOL Hungarian
manufacturing and Maleic Anhydride
Oil and Gas Global
distributing in molten (MAN, 2,5-furan-dion)
PLC
and solid form
Maleic anhydride
Merck Millipore Asia Pacific, Europe,
manufacturing and Maleic anhydride
Corporation and Americas.
supplying
U.S., China,
Nippon its derivatives
Maleic anhydride and Indonesia, Belgium,
Shokubai Co manufacturing under
derivatives, Malic acid Singapore, Korea
Ltd chemical business
and Taiwan
segment
China, Hong Kong,
Maleic anhydride and Germany, Poland,
Polynt SpA its derivatives
derivatives, Malic acid UK, France and
manufacturing
Spain.
Maleic anhydride, North & South
Thirumalai
maleic acid and its Maleic America, Europe,
Chemicals
derivatives anhydride,Maleic acid South-East Asia and
Limited
manufacturing Australia.

3.4 Maleic anhydride- Raw material trend
3.4.1 n-butane
n-butane is the most preferred feedstock for manufacturing maleic anhydride. Maleic anhydride
is manufactured by vapor-phase oxidation of n-butane. Major demand of butane is centered
towards manufacturing liquefied petroleum gas (LPG). Global butanes industry is operated by
oil and natural gas companies from the public and private sectors. In 2013, over two-thirds of
the global consumption was for fuel uses (LPG) in residential/commercial, industrial, and engine
fuel markets. Butanes for the refinery gasoline pool (including alkylation) represented over xx%
of the total demand, and butanes consumption for petrochemicals was over xx%.
2007 2008 2009 2010 2011 2012 2013 2014
North America Europe Asia Pacific

Middle East & Africa Central & South America
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

3.5 Technology outlook
Maleic anhydride (MAN) is an organic intermediate for several industrial compounds such as
malic or maleic acid, unsaturated polyester resins, lubricating oil additives, alkenyl succinic
anhydrides and fumaric acid. Molecular structure of MAN enables it as an excellent conjunction
and cross linking agent. It also forms an integral structural component in industrial copolymers.
3.5.1 Fixed bed technology
In the fixed bed route, preheated air is mixed with superheated butane and is fed to the catalytic
reactor containing silica-based vanadium-phosphorous oxide (VPO) catalysts. The oxidation
reaction takes place at temperature ranging from 400 degree C to 430 degree C. Following the
oxidation, reaction gases are cooled and MAN is condensed along with other by-products. MAN
is recovered from maleic acid in the water scrubber by dehydration. Further, crude MAN is
purified by low pressure distillation process.
3.5.2 Fluidized bed technology
Fluidized bed manufacturing technique has added advantages in terms of improved energy
balance and operational ability requiring half the air rate when compared to fixed bed
technology. Additionally, this system has been reported to have enhanced economy of scale.
The oxidation takes place in the temperature range of 325-400 degree C and at nearly-constant
space-time values.

3.6 Regulatory Scenario
Maleic anhydride (MAN) is an organic chemical intermediate for the manufacture of numerous
products including unsaturated polyester resins (UPR), MAN-based copolymers, lube oil
additives, alkyl succinic anhydrides (ASA), malic acid, fumaric acid and various agricultural
chemicals. UPR’s are used in boats, automobiles, buildings, piping, and electrical goods.
MAN-based copolymers consist of a wide variety of copolymers with diverse applications

including compatibilizers and coupling agents with polyolefins and as thickeners, dispersants
and stabilizing agents in consumer products such as cosmetics and toiletries. Lube oil additives
synthesized from maleic anhydride are used to prolong oil change intervals and improve engine
efficiency. Agricultural chemicals from maleic anhydride include pesticides, herbicides and
growth regulators.
Maleic anhydride rapidly forms maleic acid when in contact with water. This acid is an irritant
and skin sensitizer. Consumer exposure to maleic anhydride is uncommon, and worker
exposure is controlled by protective equipment and ventilation. This acid is corrosive, and will
cause burns on contact.
As a result, maleic anhydride contact with dry skin will cause a delayed burning sensation, while
contact with wet or sweaty skin will cause an immediate burning sensation. Inhalation of maleic
vapor may cause damage to throat, larynx, and lungs. Eye exposure will cause burning, and
sensitivity to bright light. Eye damage is possible from exposure to both maleic anhydride
powder and vapors.
Extended exposure to maleic anhydride can cause skin sensitization, upper respiratory lesions,
and shortness of breath.

3.7 Maleic anhydride production outlook
3.7.1 Global maleic anhydride production capacity share by region,

2007 & 2014
Global maleic anhydride production capacity was xx kilo tons in 2007 and was xx kilo tons in
2014. Large capacity expansions were witnessed in Asia Pacific during the period starting from
2007 – 2014.
FIG. 5 Global maleic anhydride production capacity share by region, 2007 & 2015
2007 2015
North America Europe

North America Europe
Asia Pacific Central & South America Asia Pacific Central & South America
Middle East & Africa Middle East & Africa
Asia Pacific accounted for xx% of the total maleic anhydride production capacity in 2007 which
increased to xx% of the global capacity in 2014. Major manufacturing firms in this region have
world-scale production facilities primarily located China. Europe was another major region
having a total share of xx% of global maleic anhydride production capacity in 2007.
Discontinuation of BASF’s maleic anhydride manufacturing facility in Belgium led to reduction of
Europe’s share to xx% of the global capacity in 2014.

TABLE 8 Global maleic anhydride production capacity by region, 2007 – 2015 (Kilo
Tons)
Region 2007 2008 2009 2010 2011 2012 2013 2014 2015
North
xx xx xx xx xx xx xx xx xx
America
Europe xx xx xx xx xx xx xx xx xx
Asia Pacific xx xx xx xx xx xx xx xx xx
CSA xx xx xx xx xx xx xx xx xx
MEA xx xx xx xx xx xx xx xx xx
Total xx xx xx xx xx xx xx xx xx
Source: ICIS, Chemical Weekly Magazine, Composite Manufacturing Magazine, Primary Interviews, Grand View Research
3.7.2 Maleic anhydride production capacit y by compan y, 2015
TABLE 9 Global maleic anhydride production capacity by company, 2015 (Kilo Tons)
Company Location Capacity (Kilo Tons)
Huntsman U.S., Europe 207.5
Yabang Jiangsu China 150
Polynt Italy 101
Qiaoyou Shanxi China 100
Bohai Tianjin China 100
Lanxess U.S. 75
Sasol Europe 52.5
Taiming Shanxi China 50
Flint Hill Resources U.S. 50
Marathon Ashland U.S. 45
Shunfei Jiangsu China 44
Changfeng Shanghai China 44
Baotie Hebei China 44
Hongcheng Hebei China 44
DSM Austria 36
Mitsubishi Chemical Japan 32
Mitsui Chemical Japan 32
Elekeiroz Brazil 30
Bartek Ingredients Canada 25

3.8 Maleic anhydride production cost analysis
3.8.1 Maleic anhydride manufacturing economics
A typical maleic anhydride manufacturing process requires certain equipment and utilities for
attaining optimum production criterions. Economically, a typical manufacturing process costs
are evaluated on the basis of total fixed capital, average working capital, net investment and
total operating cost. Capital investment is the total cost incurred at the starting of the plant and
comprises two components namely fixed and working capital.
FIG. 6 Maleic anhydride: Capital investment distribution share
Equipment + PI Building and Site Working Capital
A typical 50 kilo ton per annum maleic anhydride manufacturing firm using fixed-bed technology
incurs a total of USD xx million capital expenditure at the very beginning of the facility. The
operating cost is calculated to be approximately USD xx million per year.
TABLE 10 Maleic anhydride capital expenditure split

Fixed Capital
Building & Working Capital Net Capital Investment
Equipment
Site
xx xx xx xx
Source:Primary Interviews, Grand View Research

3.9 Price trend analysis
3.9.1 Maleic anhydride pricing trend, 2010 - 2015
Global maleic anhydride average prices were relatively stable from 1990 to 2007 owing to stable
supply and demand regime. Maleic anhydride spot prices across all the regions are estimated to
continue the downtrend on account of slump in crude oil prices along with softening of alternate
feedstock (butane and benzene) prices in 2014 to 2015.
FIG. 7 Global maleic anhydride price trends by region, 1990 – 2015, (USD/Ton)
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
North America Europe Asia Pacific CSA MEA
Source: ICIS, Plats, Oil & Gas Journal, Chemical Weekly Magazine, Primary Interviews, Grand View Research
TABLE 11 Global maleic anhydride price trend, 2010 – 2015, (USD/ton)

Region 2010 2011 2012 2013 2014 2015
North America xx xx xx xx xx xx
Europe xx xx xx xx xx xx
Asia Pacific xx xx xx xx xx xx
CSA xx xx xx xx xx xx
MEA xx xx xx xx xx xx
Source: ICIS, Plats, Argus, Primary Interviews, Grand View Research

3.10 Maleic Anhydride- Market dynamics
FIG. 8 Maleic anhydride market dynamics
Technology trends
• Major players in the market are

constantly involved in the product
development and technological
advancements to improve maleic
anhydride product yield
• DuPont has developed a proprietary
technology based on transport bed
technique for manufacturing MAN
from n-butane
Raw material trends Regulatory trends
• Growing environmental concerns

regarding toxic emissions have
• Current spot prices across all the prompted regulatory agencies
regions are estimated to continue Maleic across the globe to mandate various
the downtrend on account of slump anhydride regulatory norms such as cleaner
in crude oil prices along with diesel fuel program in the U.S. Such
softening of alternate feedstock market mandates have further prompted oil
(butane and benzene) prices. This marketers to blend specialty fuel
trend is estimated to continue over additives in transportation fuel.
the next few months till crude oil
prices recover. • Regulations and standards by the
OSHA, EPA and REACH to test for
Buyer / application trends toxicity levels
• Largest application for maleic

anhydride is UPR. Major end-use
industries such as building &
construction and automotive
particularly in emerging economies
of Asia Pacific and Latin America is
expected to drive the product
demand in UPR.
• Fastest growing application for
maleic anhydride is BDO. BDO is
used to produce 1,3 butadiene and
methyl ethyl ketone (MEK).

3.10.1 Market driver analysis
TABLE 12 Maleic Anhydride– Key market driver analysis

2016-18 2019-21 2022-24
Market drivers
Impact Analysis
Growing BDO demand in textiles and fabrics
Growing UPR demand in building & construction
Growing UPR demand in automobile industry
3.10.1.1 Grow ing BDO demand in textiles and fabrics
Maleic anhydride is used to manufacture 1,4-butanediol (BDO) by Davy Process Technology

(DPT). In this process maleic anhydride is converted to the ester which then undergoes fixed-
bed hydrogenolysis to make a mixture of BDO, THF and GBL.
BDO is an intermediate chemical for tetrahydrofuran (THF), polytetramethylene ether glycol

(PTMEG), gamma-butyrolactone (GBL), polybutylene terephthalate (PBT), and polyurethane
(PU). These chemicals are widely used in engineering plastics, fibers, medicines, artificial
leather, cosmetics, pesticides, hardener, plasticizers, solvent, and rust remover.
FIG. 9 Global BDO volume share by application, 2012 & 2015

2012 2015
THF PBT GBL PU Others THF PBT GBL PU Others

THF is widely used in production of PTMEG and thermoplastic urethane elastomers. Increasing
spandex demand is expected to significantly increase THF demand, which is an essential raw
material for its production. The segment accounted for xx%, xx% of the overall market in 2012
and 2015 respectively.
FIG. 10 Global apparel retail industry market size, 2012 - 2015, (USD Billion)
2009 2010 2011 2012 2013 2014 2015
Source: CleanClothes.org, Grand View Research
Textiles and apparel are major end-uses for spandex. More than 50% of spandex produced
globally is consumed in textile fibers which are processed into women’s clothing, hosiery,
undergarments, sports and other apparel. Spandex is widely utilized in the textile industry owing
to high flexibility, stretch, comfort, durability and overall aesthetic appeal.

3.10.2 Market restraint analysis
TABLE 13 Maleic Anhydride– Key market restraint analysis

2015-17 2018-19 2020-22
Market restraints
Impact
Volatile raw material prices
3.10.2.1 Volatile raw material prices
Benzene and n-butane are the primary feedstock for manufacturing maleic anhydride. Globally,
benzene and n-butane prices depend on the price trend of naphtha and crude oil. Volatile crude
oil prices have been the major reason for high fluctuation in benzene prices over the forecast
period.
Global petroleum derivatives industry is highly dependent on the crude oil pricing and
downstream demand. Crude oil prices were observed to be highly volatile during early 2000s.
FIG. 11 Brent crude oil prices, 2009 – 2015, (USD/barrel)
2009 2010 2011 2012 2013 2014 2015
Crude Oil Prices (USD per barrel)
Source: OICA, Primary Interviews, Grand View Research

3.11 Maleic Anhydridecompany market share analysis, 2015
Global maleic anhydride market is highly fragmented with top 5 companies including Huntsman,
Yabang Jiangsu, Polynt, Qiaoyou Shanxi and Tianjin Bohai, accounted for just over xx% of the
total market volume in 2015. Huntsman was the single largest manufacturer of maleic anhydride
and accounted for xx% of the total maleic anhydride market share in 2015.
TABLE 14 Maleic anhydride: Company market share analysis, 2015

Company Market Share
Huntsman 9.2%
Yabang Jiangsu 6.6%
Polynt 4.5%
Qiaoyou Shanxi 4.4%
Bohai Tianjin 4.4%
Lanxess 3.3%
Sasol 2.3%
Taiming Shanxi 2.2%
Flint Hill Resources 2.2%
Marathon Ashland 2.0%
Shunfei Jiangsu 1.9%
Changfeng Shanghai 1.9%
Baotie Hebei 1.9%
Hongcheng Hebei 1.9%
DSM 1.6%
Mitsubishi Chemical 1.4%
Mitsui Chemical 1.4%
Elekeiroz 1.3%
Bartek Ingredients 1.1%
Others 44.0%
Total 100.0%
In 2009, the company collaborated with Sasol to build a world scale maleic anhydride
manufacturing facility in Germany with a total manufacturing capacity of xx kilo tons. This
collaboration was aimed to increase Huntsman’s European market penetration along with
strengthening the company’s proprietary maleic anhydride manufacturing capabilities overseas.

3.12 Key opportunities - Prioritized
FIG. 12 Key Opportunities Prioritized
Growth
(High)
Penetration
(High)
Penetration
(Low)
Growth
(Low)
UPR BDO Additives Copolymers Others
UPR (unsaturated polyester resin) was the largest segment and accounted for over 50% of the
total volume in 2015. UPR possesses highest market penetration on account of high demand
from applications such as marine, building & constructions, wind energy, electrical & electronics,
pipes & tanks, and automotive/transportation.
Major use of these resins is for applications and products, such as boat and ship building,
electrical windmills, manufacturing of wind blades, automotive applications, sanitary wares,
fiberglass reinforced plastics, and non-reinforced plastics. The market is experiencing enormous
growth that is mainly driven by Asia-Pacific region. Considerable amount of investments are
made by different market players to serve end-user applications of UPR in the future.

3.13 Industry Analysis - Porter’s
FIG. 13 Maleic Anhydride- Porter’s Analysis
Threat of new entrants 4
Volatile raw material prices coupled with the

presence of leading chemical manufacturers
with long time market presence is anticipated
to put major barriers to market entry. New
product development and technological
advancements is expected to be the key to
success for the new entrants. Regulatory
support for the development of petrochemical
industry particularly in Brazil and the Middle
East is anticipated to open new avenues.
Threat of new entrants is expected to be low
to medium.
Supplier power 5 Industry rivalry 7 Buyer power 7
Raw materials used in maleic anhydride The global maleic anhydride market is highly With the presence of a large number of raw
production including n-butane and benzene fragmented in nature with major companies material suppliers in the market, buyers have
are derived from natural gas or oil. During an striving for market leadership. Maleic the advantage of entering into agreements
economic downturn, most of the chemical anhydride is largely consumed in the with suppliers based on their requirements.
companies cut down their production production of UPR mainly for construction The buyer power is expected to remain high
lowering the demand for raw materials particularly in the Asia Pacific and Central & over the forecast period. Application growth in
thereby weakening the bargaining power of South America. These regions serve as UPR and 1,4-butanediol (BDO) in
supplier. With industries recovering rapidly, growth potential for global companies. Major construction, automobile ,and textile industry
production rates are rising giving rise to companies are involved in the product in the Asia Pacific region is anticipated to
consistent raw material supply to the market. development and technological reduce the availability of maleic anhydride in
Therefore, bargaining power of supplier is advancements to improve maleic anhydride other regions. This is expected to lower the
anticipated to increase and remain medium. product yield. Thus, industry rivalry is cost of switching suppliers and increase
expected to remain high. buyer power.
Threat of substitutes 6
Major materials used in maleic anhydride

manufacturing such as benzene and n-
butane have been traditionally developed
through petrochemicals. Stringent regulations
coupled with rising concerns over
environmental and health impacts of these
materials have led to their development
through bio-based sources. Substitution of
the intermediate by various bio-based
feedstock for manufacturing BDO and
copolymers is a major threat to market
growth over the forecast period. The threat of
substitutes is expected to remain high.
4 – 6 ---> 7 – 10 --->
1 – 3 ---> Weak
Medium market Strong market
market forces
forces forces

3.14 Maleic Anhydride- PESTEL Analysis
FIG. 14 Maleic Anhydride- PESTEL Analysis
Political Economic
 The government of India implemented the National Textile Policy to  New construction projects and manufacturing works in the Middle
promote apparel & textile sector in the region offering growth scope for Eastern and Asia Pacific countries including India, Vietnam and China
BDO are expected to raise UPR and copolymers demand
 WTO Trade Policy Review and Republican support in the U.S. will  Upcoming sports events such as the 2018 FIFA World Cup and 2016
encourage domestic power and energy production. This is expected to Olympics are anticipated to fuel infrastructure development in Brazil
facilitate easier chemical processing and lower production costs. and Russia is estimated to drive BDO demand
Social Technological
 The growth of major end-use industries such as building & construction  R&D activities to identify improved catalysts in fluid-bed technology
and automotive particularly in emerging economies of Asia Pacific and are expected to offer customers enhanced product yields
Latin America is expected to drive the product demand for UPR resin
 Transport bed or moving bed or circulating fluidized bed reactors are
 Rising spandex and THF demand for sports apparels is anticipated to relatively new technology for manufacturing maleic anhydride. DuPont
fuel BDO industry over the forecast period. BDO is anticipated to be has developed a proprietary technology based on transport bed
the fastest growing maleic anhydride application segment. technique for manufacturing MAN from n-butane.
Legal Environmental
 REACH Regulation (EC) No 1907/2006 for maleic anhydride  The U.S. EPA, REACH, and ECHA control maleic anhydride and other
worldwide chemical productions to reduce toxic releases in the environment
 OSHA’s guidelines for maleic anhydride permissible exposure limit in  To ensure that a worker can escape from an exposure condition which
North America is likely to cause immediate death or result in permanent adverse
health effects, the NIOSH recommended exposure limit for an 8- or 10-
h time-weighted-average exposure
Summary
Growing maleic anhydride demand for manufacturing a wide host of chemicals including unsaturated polyester resins, copolymers and 1,4-butanediol
is expected to remain a major factor driving industry growth over the forecast period. Growing environmental concerns regarding toxic emissions have
prompted regulatory agencies across the globe to mandate various regulatory norms such as cleaner diesel fuel program in the U.S. Such mandates
have further prompted oil marketers to blend specialty fuel additives in transportation fuel. Increasing requirement for specialty additives is estimated to
augment maleic anhydride demand over the forecast period.

Chapter 4 Maleic Anhydride Application Outlook

4.1 Global maleic anhydride market share by application, 2015 & 2024
UPR was the largest application segment accounting for xx% maleic anhydride market share in
2015 and is expected to grow at a CAGR of xx% from 2016 to 2024.Global maleic anhydride
market demand for UPR is expected to decrease and account for xx% of total market by 2024.
FIG. 15 Global maleic anhydride volume share by application, 2015 & 2024
2015 2024
Unsaturated polyester resins (UPR) 1,4-butanediol (BDO) Unsaturated polyester resins (UPR) 1,4-butanediol (BDO)
Additives (lubricants and oil) Copolymers Additives (lubricants and oil) Copolymers
Others Others
1,4-butanediol application segment accounted for xx% of market share in 2015 and is expected
to gain market share by xx% from 2016 to 2024.

4.2 Unsaturated polyester resin (UPR)
4.2.1 Global maleic anhydride market estimates and forecast in UPR,

2014 – 2024
TABLE 15 Global maleic anhydride market estimates in UPR, 2014 – 2016,(Kilo Tons)
(USD Million)
2014 2015 2016
Volume
xx 932.5 xx
(Kilo Tons)
Revenue
1,568.2 xx xx
(USD Million)
TABLE 16 Global maleic anhydride market estimates and forecast in UPR, 2017 –
CAGR
2017 2018 2019 2020 2021 2022 2023 2024
(2016-24)
Volume
(Kilo Tons)
Revenue
(USD Million)
Global maleic anhydride demand in UPR was xx kilo tons in 2015 and is expected to reach xx
kilo tons by 2024, growing at an estimated CAGR of xx% from 2016 to 2024.
4.2.2 Global maleic anhydride market estimates and forecast in UPR b y

region, 2014 – 2024
TABLE 17 Global maleic anhydride market volume estimates in UPR by region, 2014 -
2016 (Kilo Tons)
Region 2014 2015 2016
North America xx xx xx
Europe xx xx xx
Asia Pacific xx xx xx
MEA 54.1 xx xx
CSA xx 34.8 xx
Total xx xx xx

Asia Pacific maleic anhydride demand in UPR was xx kilo tons in 2015 and is expected to reach
xx kilo tons by 2024, growing at an estimated CAGR of xx% from 2016 to 2024.Asia Pacific is
expected to be the largest regional market due to growing construction and chemical industry in
emerging economies of India and China. Governments of India and China have increased
infrastructural spending in order to promote construction activities which are expected to
positively impact UPR demand.
TABLE 18 Global maleic anhydride revenue estimates and forecast in UPR by region,
CAGR
Region 2017 2018 2019 2020 2021 2022 2023 2024
(2016-24)
North
America
Europe xx xx xx xx xx xx xx xx xx%
Asia Pacific xx xx xx xx xx xx xx xx xx%
MEA xx xx xx xx xx xx xx xx xx%
CSA xx xx xx xx xx xx xx xx xx%
In terms of revenue, maleic anhydride demand in UPR for Asia Pacific was valued USD xx
million in 2015 and is expected to reach USD xx million by 2024, growing at an estimated CAGR
of xx% from 2016 to 2024. Maleic anhydride demand in UPR for CSA was valued at USD xxx
million and is expected to reach USD xx million, growing at an estimated CAGR of xx% from
2016 to 2024.

Chapter 5 Maleic Anhydride Regional Outlook

5.1 Global maleic anhydride market revenue share by region, 2015& 2024
Asia Pacific emerged as the leading regional market for maleic anhydride and accounted for
xx% of total market volume in 2015. Increasing construction spending coupled with growth of
automotive industry particularly in emerging markets of China, India and Indonesia is expected
to drive the market growth in this region over the forecast period. Asia Pacific is expected to
increase its share to xx% by 2024.
FIG. 16 Global maleic anhydride volume share by region, 2015 & 2024
2015 2024
North America Europe Asia Pacific CSA MEA North America Europe Asia Pacific CSA MEA
Asia Pacific was followed by Europe which accounted for xx% of total market volume in 2015.
Growth of other regions is expected to decline Europe’s share in the global market. The region
is expected to account for xx% of total market volume by 2024. North America accounted for
xx% of total market volume in 2015. Recovery of U.S. automotive and housing industry post the
economic recession of 2008-09 is expected to drive the regional demand for maleic anhydride.
However, North America is expected to lose out its share in the global market to other high
growth regions.

5.2 North America
5.2.1 North America maleic anhydride market estimates and forecast,

2014 – 2024
TABLE 19 North America maleic anhydride market estimates, 2014 – 2016, (Kilo Tons)
(USD Million)
2014 2015 2016
Volume
xx 271.8 xx
(Kilo Tons)
Revenue
491.0 xx xx
(USD Million)
TABLE 20 North America maleic anhydride market estimates and forecast, 2017 –
CAGR
2017 2018 2019 2020 2021 2022 2023 2024
(2016-24)
Volume
(Kilo Tons)
Revenue
(USD Million)
North America maleic anhydrides market size was xx kilo tons in 2015 and is expected to reach
a total demand of xx kilo tons by 2024, growing at an estimated CAGR of xx% over the forecast
period. In terms of revenue, the market was valued at USD x million in 2015 and is expected to
reach USD xx million by 2024, growing at an estimated CAGR of xx% from 2016 to 2024.

5.2.2 North America maleic anhydride market estimates and forecast b y

TABLE 21 North America maleic anhydride market volume estimates by application,

2014– 2016, (Kilo Tons)
Application 2014 2015 2016
UPR xx xx xx
BDO 10.9 xx xx
Additives xx xx xx
Copolymers xx 36.2 xx
Others xx xx xx
Total xx xx xx
TABLE 22 North America maleic anhydride revenue estimates and forecast by

CAGR
Application 2017 2018 2019 2020 2021 2022 2023 2024 (2016-
24)
UPR xx xx xx xx xx xx xx xx xx%
BDO xx xx xx xx xx xx xx xx xx%
Additives xx xx xx xx xx xx xx xx xx%
Copolymers xx xx xx xx xx xx xx xx xx%
Others xx xx xx xx xx xx xx xx xx%
Unsaturated polyester resin (UPR) was the leading application segment for maleic anhydride
and accounted for xx kilo tons of the total market volume in 2015. The product demand in the
segment is expected to reach xx kilo tons by 2024, growing at an estimated CAGR of xx% over
the forecast period.

Chapter 6 Competitive Landscape

6.1 Ashland Inc.
6.1.1 Compan y Overview

Ashland Inc. is a U.S. based specialty chemicals company which caters to pharmaceuticals,
architectural coatings, food & beverages, construction, energy & power and personal care
industries. The company was founded in 1924 and is headquartered in Kentucky. Ashland is
involved in manufacturing maleic anhydride and uses it for applications such as unsaturated
polyester resins and food additive products.
The company operates through three business divisions including performance materials,
speciality ingredients and Valvoline. As of 2015, the company had over 15,000 employees
across its manufacturing and R&D facilities in over 100 locations including Asia Pacific, North
America and Latin America.In 2004, Ashland transferred its maleic anhydride business to
Marathon Ashland Petroleum LLC.
2014 2015
USD xx billion (Performance materials) USD xx billion (Performance materials)
Product Application
Used in manufacturing unsaturated polyester

Maleic Anhydride resins and food additive products. It is further
used for variety of applications such as food
modification and lubricating oil.
 In 2015, Ashland Inc. announced plans to separate its two publicly traded companies, i.e.,
New Ashland and Valvoline to concentrate in their respective business segments.

The final report will contain profiles of the following companies,
6.2 Ashland, Inc.
6.3 Compania Espanola de Petroleos, S.A
6.4 DSM N.V.
6.5 Flint Hills Resources
6.6 Huntsman Corporation
6.7 Lanxess A.G.
6.8 Mitsubishi Chemicals
6.9 MOL Hungarian Oil & Gas Plc
6.10 Merck & Co., Inc.
6.11 Nippon Shokubai Co., Ltd.
6.12 Polynt S.p.A
6.13 Thirumalai Chemicals Ltd.
6.14 Changzhou Yabang Chemical Co. Ltd.
6.15 Shanxi Qiaoyou Chemical Industrial Group Co. Ltd.
6.16 Tianjin Bohai Chemicals
6.17 Sasol
6.18 Jiangyin Shunfei
6.19 Changfeng Shanghai
6.20 Baotie Hebei
6.21 Bartek Ingredients

Disclaimer
In response to request/orders received, Grand View Research provides strategic

business/market analysis services to a select group of customers that are limited to publications
containing valuable market information. The publication is solely for our customers’ internal use.
It is acknowledged by our customer, by placing the order that no part of this strategic market
analysis service is for general publication or disclosure to third party.
Grand View Research doesn’t make any warranty for the accuracy of the data as these are
primarily based on interviews and therefore, liable for fluctuation. Also, Grand View Research
doesn’t take responsibility for incorrect information supplied by manufacturers or users.
Any resale, lending, disclosure or re Production of this publication can only be made with prior
written permission from Grand View Research. Transmission and/or re Production of this
document by any means or in any form (includes photocopying, mechanical, electronic,
recording or otherwise) are prohibited without the permission of Grand View Research.
Registered Office Address
Grand View Research, Inc.

28 2nd Street, Suite 3036
San Francisco, CA 94105
United States
Phone:1-415-349-0058
Toll Free: 1-888-202-9519
Email:sales@grandviewresearch.com

Sample - Maleic Anhydride Market Analysis and Segment Forecast To 2024

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Sample - Maleic Anhydride Market Analysis and Segment Forecast To 2024

Uploaded by

Copyright:

Available Formats

Maleic Anhydride Market Analysis By Application (UPR, BDO, Additives,

Copolymers) And Segment Forecasts To 2024

Grand View Research, Inc.

Copyright © 2016 Grand View Research Inc., USA

©Grand View Research, Inc., USA. All Rights Reserved. Page | 2

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Maleic Anhydride Industry Outlook

©Grand View Research, Inc., USA. All Rights Reserved. Page | 3

3.10.1 Market driver analysis

Chapter 4 Maleic Anhydride Application Outlook

©Grand View Research, Inc., USA. All Rights Reserved. Page | 4

Chapter 5 Maleic AnhydrideRegional Outlook

©Grand View Research, Inc., USA. All Rights Reserved. Page | 5

5.4.3.2 China maleic anhydride market estimates and

Chapter 6 Competitive Landscape

©Grand View Research, Inc., USA. All Rights Reserved. Page | 6

6.4.3 Product Benchmarking

©Grand View Research, Inc., USA. All Rights Reserved. Page | 7

6.12 Thirumalai Chemicals Ltd.

©Grand View Research, Inc., USA. All Rights Reserved. Page | 8

6.20.2 Financial Performance

©Grand View Research, Inc., USA. All Rights Reserved. Page | 9

TABLE 1 Maleic Anhydride- Industry Summary & Key Buying Criteria

©Grand View Research, Inc., USA. All Rights Reserved. Page | 10

©Grand View Research, Inc., USA. All Rights Reserved. Page | 11

©Grand View Research, Inc., USA. All Rights Reserved. Page | 12

©Grand View Research, Inc., USA. All Rights Reserved. Page | 13

©Grand View Research, Inc., USA. All Rights Reserved. Page | 14

©Grand View Research, Inc., USA. All Rights Reserved. Page | 15

FIG. 1 Maleic anhydride market segmentation

©Grand View Research, Inc., USA. All Rights Reserved. Page | 16

Chapter 1 Methodology & Scope

For forecasting, the following parameters were considered,

 Market leading companies

 To validate our data in terms of accuracy and acceptability

1.2 Research Scope & Assumptions

©Grand View Research, Inc., USA. All Rights Reserved. Page | 17

 We have estimated the maleic anhydride market from demand/consumption perspective

©Grand View Research, Inc., USA. All Rights Reserved. Page | 18

1.3 List of Data Sources

List of secondary sources include but are not limited to:

List of primary sources include but are not limited to:

©Grand View Research, Inc., USA. All Rights Reserved. Page | 19

Chapter 2 Executive Summary

TABLE 1 Maleic Anhydride- Industry Summary & Key Buying Criteria

Market size 2014 2015 2024

Application 2015 2024

UPR 50.5% 49.9%

BDO 17.9% 19.6%

Copolymers 10.45% 10.51%

Others 10.1% 9.4%

©Grand View Research, Inc., USA. All Rights Reserved. Page | 20

2014 2015 2016

North America 280.7 xx xx

Asia Pacific xx 1063.5 xx

©Grand View Research, Inc., USA. All Rights Reserved. Page | 21

North America xx xx xx xx xx xx xx xx xx%

Asia Pacific xx xx xx xx xx xx xx xx xx%

TABLE 6 Global maleic anhydride market volume estimates and forecast by

©Grand View Research, Inc., USA. All Rights Reserved. Page | 22

©Grand View Research, Inc., USA. All Rights Reserved. Page | 23

Chapter 3 Maleic Anhydride Industry Outlook