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顺丁烯二酸酐市场规模、份额、成长分析、按原材料、按应用、按最终用户行业、按地区 - 行业预测,2024-2031 年Maleic Anhydride Market Size, Share, Growth Analysis, By Raw Material, By Application, By End User Industry, By Region - Industry Forecast 2024-2031 |
2022年顺丁烯二酸酐的全球市场规模为33.9亿美元,从2023年的35.6亿美元成长到2031年的52.1亿美元,在预测期内(2024-2031年)预计复合年增长率为4.9。
不饱和聚合物树脂 (UPR) 在汽车产业中至关重要,可快速修復受损零件并增强汽车涂装製程。不断增加的道路事故将增加对UPR的需求,进而推动顺丁烯二酸酐市场的成长,而顺丁烯二酸酐是UPR製造的关键原料。除了汽车应用之外,顺丁烯二酸酐在建筑、製药和个人护理行业也必不可少。人们对燃料效率和减排的兴趣日益浓厚,进一步增加了对顺丁烯二酸酐的需求。主要原料正丁烷和纯苯价格受原油和石脑油价格波动影响较大,凸显顺顺丁烯二酸酐供应链的不稳定性和复杂性。
Global Maleic Anhydride Market size was valued at USD 3.39 billion in 2022 and is poised to grow from USD 3.56 billion in 2023 to USD 5.21 billion by 2031, growing at a CAGR of 4.9% during the forecast period (2024-2031).
Unsaturated polymer resins (UPR) are essential in the automotive sector for swiftly repairing damaged parts and enhancing the painting process of vehicles. The increasing incidence of traffic accidents is poised to boost the demand for UPR, consequently driving growth in the maleic anhydride market, a key ingredient in manufacturing UPR. Beyond automotive uses, maleic anhydride is also integral to construction, pharmaceuticals, and personal care industries. The rising focus on fuel efficiency and emission reductions further propels the need for maleic anhydride. The prices of its primary feedstocks, n-butane and benzene, are heavily influenced by fluctuations in crude oil and naphtha prices, highlighting the volatility and complexities within the maleic anhydride supply chain.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Maleic Anhydride market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Maleic Anhydride Market Segmental Analysis
Global Maleic Anhydride Market is segmented by raw material, application, end user industry and region. Based on raw material, the market is segmented into N-butane and benzene. Based on application, the market is segmented into unsaturated polyester resins (UPR) (fiberglass reinforced plastics, artificial marble, gel coats), 1,4-butanediol (BDO) (tetrahydrofuran (THF), polybutylene terephthalate (PBT), gamma-butyrolactone (GBL)), additives (lubricating oil additives, plasticizers), copolymers (styrene-maleic anhydride (SMA), ethylene-maleic anhydride (EMA)) and others (fumaric acid, malic acid). Based on end user, the market is segmented into automotive, construction, electronics, food & beverage, healthcare and personal care. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Maleic Anhydride Market
A significant driver of the global maleic anhydride market is the rapid growth of the automotive industry, which relies heavily on unsaturated polyester resins that incorporate this chemical. As vehicle production and consumer demand surge worldwide, the need for maleic anhydride is correspondingly increasing. The automotive sector is shifting towards lighter and more fuel-efficient materials, further bolstering the demand for resins made from maleic anhydride. This trend underscores a robust growth trajectory for the market, as manufacturers seek to enhance performance and sustainability in their vehicles, thereby ensuring continued expansion in the maleic anhydride industry.
Restraints in the Global Maleic Anhydride Market
The global maleic anhydride market faces significant challenges due to the volatility of raw material prices, primarily butane and benzene, both of which are petroleum-based. These materials' costs are highly susceptible to market fluctuations driven by global economic instability, supply chain disruptions, and geopolitical factors. Such instability can lead to unpredictable commodity pricing, directly impacting the production expenses for maleic anhydride manufacturers. Consequently, companies in this sector grapple with the difficulties of managing production budgets and ensuring profitability amid this price volatility. As a result, they are compelled to continuously adapt their production levels and pricing strategies to mitigate the adverse effects of raw material price changes.
Market Trends of the Global Maleic Anhydride Market
The Global Maleic Anhydride market is witnessing a significant shift towards bio-based alternatives, driven by increasing environmental awareness and the need for sustainable production methods. As companies align with sustainable development goals, bio-based maleic anhydride derived from renewable resources is emerging as a viable solution to reduce dependence on fossil fuels and mitigate environmental impacts associated with traditional production processes. This trend not only addresses ecological concerns but also opens new avenues for innovation and expansion within the market, as stakeholders seek to capitalize on the growing demand for sustainable chemical solutions across various industries, thereby reshaping the competitive landscape.