North America Maleic Anhydride Market Size, Share & Trends Analysis Report By Raw Material (N-Butane and Benzene), By Application, By Country and Growth Forecast, 2024

Description

List of Tables

The North America Maleic Anhydride Market would witness market growth of 3.8% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 364.6 Kilo Tonnes, showcasing a growth of 18.8% (2020-2023).

In automotive applications, lubricating oil additives contribute to improving engine efficiency, reducing friction, preventing wear and tear, and enhancing fuel economy. Additionally, in industrial settings, these additives offer superior protection against corrosion, oxidation, and thermal degradation, thereby prolonging the lifespan of machinery and equipment. Therefore, the Mexico market used 8.2 Kilo tonnes of maleic anhydride as lubricating oil additive in 2023.

The US market dominated the North America Maleic Anhydride Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $743.2 million by 2031. The Canada market is experiencing a CAGR of 6.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.2% during (2024 - 2031).

Maleic anhydride is a precursor in producing maleic acid and fumaric acid, important chemical intermediates used in various industries. Maleic acid and fumaric acid find applications in food and beverage, pharmaceuticals, agriculture, cosmetics, and other sectors. They are used as acidity regulators, flavor enhancers, preservatives, and cross-linking agents, among other functions.

Additionally, maleic anhydride-based compounds are utilized as surfactants and lubricant additives in industrial and automotive applications. Maleic anhydride derivatives such as maleic acid and its esters improve lubricity, reduce friction, and enhance the performance of lubricants, metalworking fluids, and cutting oils. Also, maleic anhydride derivatives produce water treatment chemicals, including scale and corrosion inhibitors. These chemicals are used in industrial and municipal water treatment applications to prevent scale formation, control corrosion, and maintain water quality in cooling towers, boilers, and water distribution systems.

The growth of the construction industry in Canada can stimulate market growth for maleic anhydride by creating opportunities for suppliers and manufacturers. Increasing construction projects in residential, commercial, industrial, and infrastructure sectors may increase demand for maleic anhydride-derived products such as unsaturated polyester resins and alkyd resins. According to Statistics Canada, building construction investment rose 1.7% to $19.8 billion in November 2023. The residential sector grew 2.2% to $13.7 billion, while non-residential sector investment increased 0.4% to $6.0 billion. As construction activities in Canada expand, there may be an increased demand for composite materials incorporating maleic anhydride-based resins. These materials are used in various construction applications, such as composite panels, laminates, adhesives, and coatings for building structures, infrastructure projects, and architectural components.

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), 1,4-butanediol (BDO), Lubricating Oil Additives, Copolymers and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Huntsman Corporation
Mitsubishi Chemical Holdings Corporation
Lanxess AG
Nan Ya Plastics Corp. (NPC)
Nippon Shokubai Co., Ltd.
IG Petrochemicals Limited (IGPL)
China National BlueStar (Group) Co, Ltd. (China National Chemical Corporation)
Yongsan Chemical Co., Ltd.
Aekyung Chemical Co., Ltd. (AK Holdings Co., Ltd.)
Ningbo Jiangning Chemical Co., Ltd. (Zhejiang Jiangshan Chemical Co., Ltd.)

North America Maleic Anhydride Market Report Segmentation

By Raw Material (Volume, Kilo Tonnes, USD Billion, 2020-2031)

N-Butane
Benzene

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Unsaturated Polyester Resins (UPR)
1,4-butanediol (BDO)
Lubricating Oil Additives
Copolymers
Others

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

US
Canada
Mexico
Rest of North America

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1North America Maleic Anhydride Market, by Raw Material
- 1.4.2North America Maleic Anhydride Market, by Application
- 1.4.3North America Maleic Anhydride Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 5.North America Maleic Anhydride Market by Raw Material

5.1North America N-Butane Market by Country
5.2North America Benzene Market by Country

Chapter 6.North America Maleic Anhydride Market by Application

6.1North America Unsaturated Polyester Resins (UPR) Market by Country
6.2North America 1,4-butanediol (BDO) Market by Country
6.3North America Lubricating Oil Additives Market by Country
6.4North America Copolymers Market by Country
6.5North America Others Market by Country

Chapter 7.North America Maleic Anhydride Market by Country

7.1US Maleic Anhydride Market
- 7.1.1US Maleic Anhydride Market by Raw Material
- 7.1.2US Maleic Anhydride Market by Application
7.2Canada Maleic Anhydride Market
- 7.2.1Canada Maleic Anhydride Market by Raw Material
- 7.2.2Canada Maleic Anhydride Market by Application
7.3Mexico Maleic Anhydride Market
- 7.3.1Mexico Maleic Anhydride Market by Raw Material
- 7.3.2Mexico Maleic Anhydride Market by Application
7.4Rest of North America Maleic Anhydride Market
- 7.4.1Rest of North America Maleic Anhydride Market by Raw Material
- 7.4.2Rest of North America Maleic Anhydride Market by Application

Chapter 8.Company Profiles

8.1Huntsman Corporation
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Segment and Regional Analysis
- 8.1.4Research & Development Expense
- 8.1.5SWOT Analysis
8.2Mitsubishi Chemical Holdings Corporation
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental Analysis
- 8.2.4Research & Development Expense
- 8.2.5SWOT Analysis
8.3Lanxess AG
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expenses
- 8.3.5SWOT Analysis
8.4Nan Ya Plastics Corp. (NPC)
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4SWOT Analysis
8.5Nippon Shokubai Co., Ltd.
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.5.4Recent strategies and developments:
  - 8.5.4.1Business Expansions:
- 8.5.5SWOT Analysis
8.6IG Petrochemicals Limited (IGPL)
- 8.6.1Company Overview
- 8.6.2Financial Analysis
- 8.6.3Regional Analysis
- 8.6.4Research & Development Expenses
- 8.6.5SWOT Analysis
8.7China National BlueStar (Group) Co, Ltd. (China National Chemical Corporation)
- 8.7.1Company Overview
- 8.7.2SWOT Analysis
8.8Yongsan Chemical Co., Ltd.
- 8.8.1Company Overview
- 8.8.2SWOT Analysis
8.9Aekyung Chemical Co., Ltd. (AK Holdings Co., Ltd.)
- 8.9.1Company Overview
- 8.9.2Financial Analysis
- 8.9.3SWOT Analysis
8.10.Ningbo Jiangning Chemical Co., Ltd. (Zhejiang Jiangshan Chemical Co., Ltd.)
- 8.10.1Company Overview
- 8.10.2SWOT Analysis

LIST OF TABLES

TABLE 1North America Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 2North America Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 3North America Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 4North America Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 5North America Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 6North America Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 7North America Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 8North America Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 9North America N-Butane Market by Country, 2020 - 2023, USD Million
TABLE 10North America N-Butane Market by Country, 2024 - 2031, USD Million
TABLE 11North America N-Butane Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12North America N-Butane Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13North America Benzene Market by Country, 2020 - 2023, USD Million
TABLE 14North America Benzene Market by Country, 2024 - 2031, USD Million
TABLE 15North America Benzene Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16North America Benzene Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17North America Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 18North America Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 19North America Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 20North America Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 21North America Unsaturated Polyester Resins (UPR) Market by Country, 2020 - 2023, USD Million
TABLE 22North America Unsaturated Polyester Resins (UPR) Market by Country, 2024 - 2031, USD Million
TABLE 23North America Unsaturated Polyester Resins (UPR) Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24North America Unsaturated Polyester Resins (UPR) Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25North America 1,4-butanediol (BDO) Market by Country, 2020 - 2023, USD Million
TABLE 26North America 1,4-butanediol (BDO) Market by Country, 2024 - 2031, USD Million
TABLE 27North America 1,4-butanediol (BDO) Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 28North America 1,4-butanediol (BDO) Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 29North America Lubricating Oil Additives Market by Country, 2020 - 2023, USD Million
TABLE 30North America Lubricating Oil Additives Market by Country, 2024 - 2031, USD Million
TABLE 31North America Lubricating Oil Additives Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 32North America Lubricating Oil Additives Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 33North America Copolymers Market by Country, 2020 - 2023, USD Million
TABLE 34North America Copolymers Market by Country, 2024 - 2031, USD Million
TABLE 35North America Copolymers Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36North America Copolymers Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37North America Others Market by Country, 2020 - 2023, USD Million
TABLE 38North America Others Market by Country, 2024 - 2031, USD Million
TABLE 39North America Others Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40North America Others Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41North America Maleic Anhydride Market by Country, 2020 - 2023, USD Million
TABLE 42North America Maleic Anhydride Market by Country, 2024 - 2031, USD Million
TABLE 43North America Maleic Anhydride Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44North America Maleic Anhydride Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45US Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 46US Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 47US Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 48US Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 49US Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 50US Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 51US Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 52US Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 53US Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 54US Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 55US Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 56US Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 57Canada Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 58Canada Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 59Canada Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 60Canada Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 61Canada Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 62Canada Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 63Canada Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 64Canada Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 65Canada Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 66Canada Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 67Canada Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 68Canada Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 69Mexico Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 70Mexico Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 71Mexico Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 72Mexico Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 73Mexico Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 74Mexico Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 75Mexico Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 76Mexico Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 77Mexico Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 78Mexico Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 79Mexico Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 80Mexico Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 81Rest of North America Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 82Rest of North America Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 83Rest of North America Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 84Rest of North America Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 85Rest of North America Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 86Rest of North America Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 87Rest of North America Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 88Rest of North America Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 89Rest of North America Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 90Rest of North America Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 91Rest of North America Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 92Rest of North America Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 93key Information - Huntsman Corporation
TABLE 94Key Information - MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 95Key Information - Lanxess AG
TABLE 96Key Information - Nan Ya Plastics Corp. (NPC)
TABLE 97Key Information - Nippon Shokubai Co., Ltd.
TABLE 98Key Information - IG Petrochemicals Limited (IGPL)
TABLE 99Key Information - China National BlueStar (Group) Co, Ltd.
TABLE 100Key Information -Yongsan Chemical Co., Ltd.
TABLE 101Key Information - Aekyung Chemical Co., Ltd.
TABLE 102Key Information - Ningbo Jiangning Chemical Co., Ltd.

North America Maleic Anhydride Market Size, Share & Trends Analysis Report By Raw Material (N-Butane and Benzene), By Application, By Country and Growth Forecast, 2024 - 2031