Global Maleic Anhydride (MAN) Market Study, 2015-2030

Global Maleic Anhydride (MAN) Market Study, 2015-2030

Executive Summary : -

Maleic Anhydride is colourless or white solid with acrid odour. Most important application of Maleic Anhydride is to produce unsaturated polyester resins. The demand for maleic anhydride is generally dependent on overall state of the economy as it is bulk commodity chemical dependent on general economic trends. North America and Europe has seen a modest growth in past few years. China s maleic anhydride demand grew rapidly in past decade and now it is experiencing slow growth on account of steady polyester demand. South East Asia and Middle Eastern regions are predicted to witness a strong growth on account of its high GDP growth rates. Maleic anhydride is used in applications such as unsaturated polyester resins (UPR), copolymers, lubricating oil additives, alkynyl succinic anhydrides, maleic acid, fumaric acid, agricultural chemicals and others.

Global Maleic Anhydride (MAN) Demand Analysis (Kilo Tons) (2015 - 2030)


Global Maleic Anhydride market is estimated to grow at CAGR of 3% in the long-term forecast. In most regions of the world, the largest market for maleic anhydride is unsaturated polyester resins which are again dependent on the growth in the construction industry and overall state of the economy. The other industries that impact the overall demand of Maleic Anhydride include automotive and marine industries.Gl

Global Maleic Anhydride (MAN) Demand By Application - 2020( Kilo Tons)



IGPL is the sole Maleic Anhydride producer in India with a capacity of around 8 kilo tons in Taloja, Maharashtra, India. The country remains a net importer of Maleic Anhydride with imports averaging 57 kilo tons between 2016-2020. Indian Oil Corporation (IOCL) announced to invest around USD 490 Million to construct a 120 kilo tons Maleic Anhydride plant at its Panipat Refinery and Petroleum Complex (PRPC) in November 2021. The unit is expected to come online by 2026 to put an ease on the country’s import dependence.

Other capacity expansions announced around the globe include:

In July 2020, Polynt-Reichhold Group announced its plan to construct a greenfield Maleic Anhydride (MAN) plant at Morris, Illinois site with installed capacity of around 50 kilo tons. The company also operates two other Maleic Anhydride plants in Europe with installed capacity of around 100 kilo tons/year.

Ibn Sina Petrochemical Company started first phase of construction of 20 kilo tons / year Maleic Anhydride plant at Mahshahr, Khuzestan Province, Iran in 2015, the project is anticipated to come online during the short term forecast.

According to Prismane Consulting Herfindahl Herschmann index (HHI) calculation, the market appears to be highly concentrated as the leading producer Huntsman accounts for less than 10% of the global capacity market. The market is also highly fragmented owing to the numerous players in the Asia- Pacific region specially China which has a number of players with relatively smaller capacities. Maleic Anhydride demand from new and emerging applications is expected to grow at a higher rate due to the lower base effect.

Scope of Report 

The Maleic Anhydride report describes the global Maleic Anhydride market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Application
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Maleic Anhydride Market data in terms of volume and value for each end-use 
   at regional and country level
•  Maleic Anhydride Market analysis for Production, Capacity and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2015 – 2020
          -  Base - 2021
          -  Forecast Period - 2022 – 2030
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand-Supply Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      •  Chemicals
      •  Agriculture
      •  Others
5.  Capacity (Plants & Projects) Analysis
      •  Maleic Anhydride (MAN) Production Capacity, by Company
      •  Maleic Anhydride (MAN) Production Capacity, by Country and by region
6.  Introduction to Maleic Anhydride (MAN) and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
              Oxidation of benzene
              Oxidation of n-butane
              Oxidation of n-butenes
              Coproduct of phthalic anhydride manufacture
      •  Environmental Issues
      •  Value Chain
      •  Applications
7.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
8.  Global Maleic Anhydride (MAN) Demand-Supply Analysis, By Application, (Volume, Value) (2015–2030)
      •  Strategic Issues
      •  Demand-Supply Analysis and Forecast (2015 – 2030)
          -  Capacity
          -  Capacity Utilization (%)
          -  Production
          -  Imports
          -  Exports
          -  Net Exports
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
          Global Maleic Anhydride (MAN) Market, By Application 
               Unsaturated Polyester Resins (UPR)
               Copolymers
               Lubricating Oil Additives
               1,4- Butanediol
               Alkenyl Succinic Anhydride
               Maleic Acid
               Fumaric Acid
               Agricultural Chemicals
               -  Other
9.  Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2015– 2030)
      •  Strategic Issues
      •  Capacity
      •  Capacity Utilization (%)
      •  Production
      •  Imports
      •  Exports
      •  Net Exports
      •  Demand
      •  Demand Growth Rate (%)
      •  Maleic Anhydride (MAN) Market, By Application
Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by Application, has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Turkey
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
         -  Brazil
         -  Rest of CSA
      •  Middle East & Africa
         -  Saudi Arabia
         -  South Africa
         -  Rest of MEA
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2022 – 2030)
10.  Trade Analysis
      •  Trade overview and statistics
      •  Maleic Anhydride Trade Balance
11.  Pricing Analysis
      •  AverageMaleic Anhydride (MAN) Prices, USD/Kg
      •  Average Maleic Anhydride (MAN) prices, by Region
      •  Price Forecast
12.  Key Strategic Issues
13.  Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
14.  Strategic Recommendation & Suggestions
      •  Strategic Recommendations and Critical Factors for Success
      •  Success Factors
      •  Marketing and Distribution
      •  Strategic Partnerships / Alliances / Joint Venture 
      •  Multiple Plants and Stocking Points
      •  Technological Innovation
      •  Other Factors
15.  Company Analysis 
      •  Maleic Anhydride (MAN) Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
                -  Huntsman Corporation
                -  Changzhou Yabang Chemical
                -  Zibo Qixiang Tengda Chemical
                -  Lanxess AG
                -  Polynt Spa
                -  Ashland Inc.
                -  Flint Hills Resources
                -  Nippon Shokubai Co., Ltd
                -  Mitsubishi Chemical Corporation
                -  Mitsui Chemicals Inc
                -  Bartek Ingredients Inc
                -  Yongsan Chemicals Inc – (YCI)
                -  Na Yan Plastics Corporation
                -  Taiwan Prosperity Chemical Corp - (TPCC)
                -  Tasco Chemical Corporation
                -  SIPCHEM
                -  China National Bluestar (Group) Co., Ltd.
                -  Thirumalai Chemicals Ltd.
                -  Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
16.  Appendices
      •  Demand-Supply - Regions
      •  Demand-Supply– Countries
      •  Capacities, 2015-2030

Scope of Report 

The Maleic Anhydride report describes the global Maleic Anhydride market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Application
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Maleic Anhydride Market data in terms of volume and value for each end-use 
   at regional and country level
•  Maleic Anhydride Market analysis for Production, Capacity and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


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