NEW YORK, March 25, 2022 /PRNewswire/ -- The Maleic Anhydride Market Share in North America is expected to increase by USD 169.94 million from 2021 to 2026 with an accelerated CAGR of 6%, according to the recent market study by Technavio.
Segmentation by Raw Material (In-Scope/Out-of-Scope)
The maleic anhydride market share growth in North America by the n-butane segment will be significant during the forecast period. The n-butane based maleic anhydride has captured the highest market share in the maleic anhydride market in North America in 2021. This is attributed to its high demand from the growing building and construction and automotive industries. Furthermore, the rise in residential and commercial construction activities and rising investments in infrastructure development in several countries across the region will present considerable opportunities for growth in the market. The increasing adoption of green buildings, new building construction regulations, and the focus on reducing energy consumption in buildings will also drive the growth of the market in focus during the forecast period.
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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Maleic Anhydride Market in North America includes the following core components:
Highlights-
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Vendor Insights-
The maleic anhydride market in North America is concentrated and the vendors are deploying growth strategies such as new product launches, acquisitions and R&D activities to compete in the market.
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Learn More about Key Driver & Challenge of the Market-
The rising sales of passenger cars and commercial vehicles drive the maleic anhydride market in the automotive industry in North America. Maleic anhydride is used as a key ingredient in UPR, which is further used in the manufacturing of several automotive composites such as closure panels, body panels, fenders, Grille Opening Reinforcement (GOR), heat shields, headlamp reflectors, and pick-up boxes. The increasing sales of passenger and commercial vehicles globally are driving the regional maleic anhydride market. Furthermore, the automobile sales rate has increased over the past five years in developed and developing countries, owing to the increasing disposable income of people and industrial growth. The consistent rise in the number of vehicles is increasing the demand for engine oil, functional fluids, and automotive components in emerging economies. Thus, it will further positively impact the maleic anhydride market.
Hybrid vehicles contain both a small internal combustion engine (ICE) and an electric motor for optimum power utilization and reducing emissions from vehicles. Furthermore, the growing number of hybrid vehicles is expected to reduce the demand for engine oil, functional fluid, and transmission fluid per vehicle by half the quantity required in an ICEs. Such factors, coupled with the increasing battery ranges and declining cost of lithium-ion batteries, are expected to negatively hamper the maleic anhydride market. Furthermore, the cost of batteries of electric vehicles is decreasing gradually, and the driving range per charge is increasing. The demand for electric vehicles is expected to increase, which, in turn, will reduce the overall engine oil consumption and lead to a decrease in the demand for maleic anhydride in lubricating oil additives.
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Maleic Anhydride Market in North America Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.00% |
Market growth 2022-2026 |
$ 169.94 million |
Market structure |
Concentrated |
YoY growth (%) |
5.00 |
Regional analysis |
US, Canada, and Mexico |
Performing market contribution |
US at 83% |
Key consumer countries |
US, Canada, and Mexico |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Ashland Global Holdings Inc., BASF SE, DuPont de Nemours Inc., Huntsman Corp., LANXESS AG, Merck and Co. Inc., Mitsubishi Chemical Corp., Nippon Shokubai Co. Ltd., Polynt Spa, and Zibo Qixiang Tengda Chemical Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
2. Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market characteristics
2.2 Value chain analysis
Exhibit 09: Value chain analysis: Diversified Chemicals
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.2.6 Aftermarket and service
2.2.7 Innovations:
3. Market Sizing
3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
Exhibit 12: Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 14: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 15: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 16: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 17: Threat of new entrants
4.5 Threat of substitutes
Exhibit 18: Threat of substitutes
4.6 Threat of rivalry
Exhibit 19: Threat of rivalry
4.7 Market condition
Exhibit 20: Market condition - Five forces 2021
5 Market Segmentation by Raw material
5.1 Market segments
Exhibit 21: Raw material - Market share 2021-2026 (%)
5.2 Comparison by Raw material
Exhibit 22: Comparison by Raw material
5.3 n-butane - Market size and forecast 2021-2026
Exhibit 23: n-butane - Market size and forecast 2021-2026 ($ million)
Exhibit 24: n-butane - Year-over-year growth 2021-2026 (%)
5.4 Benzene - Market size and forecast 2021-2026
Exhibit 25: Benzene - Market size and forecast 2021-2026 ($ million)
Exhibit 26: Benzene - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Raw material
Exhibit 27: Market opportunity by Raw material
6. Customer landscape
6.1 Overview
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 28: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 29: Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 30: Geographic comparison
7.3 US - Market size and forecast 2021-2026
Exhibit 31: US - Market size and forecast 2021-2026 ($ million)
Exhibit 32: US - Year-over-year growth 2021-2026 (%)
7.4 Canada - Market size and forecast 2021-2026
Exhibit 33: Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Canada - Year-over-year growth 2021-2026 (%)
7.5 Mexico - Market size and forecast 2021-2026
Exhibit 35: Mexico - Market size and forecast 2021-2026 ($ million)
Exhibit 36: Mexico - Year-over-year growth 2021-2026 (%)
7.6 Market opportunity by geography
Exhibit 37: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increasing demand for UPR and 1,4-BDO from the automotive industry
8.1.2 Increasing demand for lubrication oil additives
8.1.3 Rising automotive industry in Canada and Mexico
8.2 Market challenges
8.2.1 Rise in demand for hybrid vehicles and increasing battery price parity
8.2.2 Hazardous impact on human health and environment
8.2.3 Rising concern regarding crude oil depletion
Exhibit 38: Impact of drivers and challenges
8.3 Market trends
8.3.1 Commercialization of bio-based maleic anhydride
8.3.2 Burgeoning construction industry
8.3.3 Fluctuations in prices of crude oil
9. Vendor Landscape
9.1 Overview
Exhibit 39: Vendor landscape
The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
9.2 Landscape disruption
Exhibit 40: Landscape disruption
Exhibit 41: Industry risks
9.3 Competitive Scenario
10. Vendor Analysis
10.1 Vendors covered
Exhibit 42: Vendors covered
10.2 Market positioning of vendors
Exhibit 43: Market positioning of vendors
10.3 Ashland Global Holdings Inc.
Exhibit 44: Ashland Global Holdings Inc. - Overview
Exhibit 45: Ashland Global Holdings Inc. - Business segments
Exhibit 46: Ashland Global Holdings Inc. - Key offerings
Exhibit 47: Ashland Global Holdings Inc. – Key news
Exhibit 48: Ashland Global Holdings Inc. - Segment focus
10.4 BASF SE
Exhibit 49: BASF SE - Overview
Exhibit 50: BASF SE - Business segments
Exhibit 51: BASF SE - Key offerings
Exhibit 52: BASF SE - Segment focus
10.5 DuPont de Nemours Inc.
Exhibit 53: DuPont de Nemours Inc. - Overview
Exhibit 54: DuPont de Nemours Inc. - Business segments
Exhibit 55: DuPont de Nemours Inc. - Key offerings
Exhibit 56: DuPont de Nemours Inc. - Segment focus
10.6 Huntsman Corp.
Exhibit 57: Huntsman Corp. - Overview
Exhibit 58: Huntsman Corp. - Business segments
Exhibit 59: Huntsman Corp. - Key offerings
Exhibit 60: Huntsman Corp.- Key news
Exhibit 61: Huntsman Corp. - Segment focus
10.7 LANXESS AG
Exhibit 62: LANXESS AG - Overview
Exhibit 63: LANXESS AG - Business segments
Exhibit 64: LANXESS AG - Key offerings
Exhibit 65: LANXESS AG – Key news
Exhibit 66: LANXESS AG - Segment focus
10.8 Merck and Co. Inc.
Exhibit 67: Merck and Co. Inc. - Overview
Exhibit 68: Merck and Co. Inc. - Business segments
Exhibit 69: Merck and Co. Inc. - Key offerings
Exhibit 70: Merck and Co. Inc. - Segment focus
10.9 Mitsubishi Chemical Corp.
Exhibit 71: Mitsubishi Chemical Corp. - Overview
Exhibit 72: Mitsubishi Chemical Corp. - Business segments
Exhibit 73: Mitsubishi Chemical Corp. - Key offerings
Exhibit 74: Mitsubishi Chemical Corp. - Segment focus
10.10 Nippon Shokubai Co. Ltd.
Exhibit 75: Nippon Shokubai Co. Ltd. - Overview
Exhibit 76: Nippon Shokubai Co. Ltd. - Business segments
Exhibit 77: Nippon Shokubai Co. Ltd. - Key offerings
Exhibit 78: Nippon Shokubai Co. Ltd. - Segment focus
10.11 Polynt Spa
Exhibit 79: Polynt Spa - Overview
Exhibit 80: Polynt Spa - Product and service
Exhibit 81: Polynt Spa - Key offerings
10.12 Zibo Qixiang Tengda Chemical Co. Ltd.
Exhibit 82: Zibo Qixiang Tengda Chemical Co. Ltd. - Overview
Exhibit 83: Zibo Qixiang Tengda Chemical Co. Ltd. - Business segments
Exhibit 84: Zibo Qixiang Tengda Chemical Co. Ltd. - Key offerings
Exhibit 85: Zibo Qixiang Tengda Chemical Co. Ltd. - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 86: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 87: Research Methodology
Exhibit 88: Validation techniques employed for market sizing
Exhibit 89: Information sources
11.4 List of abbreviations
Exhibit 90: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
Jesse Maida
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Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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