Maleic Anhydride Market in North America: 5.00% Y-O-Y Growth Rate in 2022 | By Raw Material (n-butane and benzene) and Geography - Global Forecasts to 2026

• In-Scope:
• N-butane:

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.

• Out-of-Scope:
• Benzene

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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:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Support activities
• Innovation

Highlights-

• Segmentation- The report extensively covers market segmentation by Raw Material (n-butane and benzene) and Geography (US, Canada, and Mexico)
• Key Companies- 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. among others
• Driver- Increasing demand for UPR and 1,4-BDO from the automotive industry to drive the market.
• Challenge- Rise in demand for hybrid vehicles and increasing battery price parity to hamper the market growth

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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.

• Ashland Global Holdings Inc. - The company offers a wide range of maleic acid products such as Aquaflex, Omnirez and Gantrez.

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Learn More about Key Driver & Challenge of the Market-

• Maleic Anhydride Market in North America Driver:
• Increasing demand for UPR and 1,4-BDO from the automotive industry:

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.

• Maleic Anhydride Market in North America Challenge:
• Rise in demand for hybrid vehicles and increasing battery price parity:

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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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

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