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GlobalData United Kingdom
9 days ago

Unsaturated Polyester Resin accounts for more than half of Maleic Anhydride consumption in the US, says GlobalData

The end use application for Maleic Anhydride market in the US is dominated by the Unsaturated Polyester Resins (UPR) sector. UPR accounted for a share of 57.7% in 2017, according to leading data and analytics company GlobalData.

The company’s report: ‘Maleic Anhydride (MA) Industry Outlook in United States to 2022 - Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants’ states that Butane Oxidation is the dominant production process used for Maleic Anhydride production. In 2017, it accounted for 78.8% of the installed Maleic Anhydride capacity of 0.341 mtpa in the country.

The largest Maleic Anhydride plants in the US in 2017 were ‘Huntsman Corporation Pensacola Maleic Anhydride Plant’, ‘Lanxess Baytown Maleic Anhydride Plant’, ‘Ashland Neal Maleic Anhydride Plant’, ‘Flint Hills Resources Joliet Maleic Anhydride Plant’ and ‘Huntsman Corporation Geismar Maleic Anhydride Plant’.

Dayanand Kharade, Oil & Gas analyst at GlobalData, explains: “Unsaturated Polyester Resins (UPR) contribute largely as end use application of Maleic Anhydride in the US due to growth of the construction and automobile industry”.

The major companies in the region are Ascend Performance Materials LLC, Lanxess AG, Ashland Global Holdings Inc, Koch Industries Inc and Huntsman Corp. In 2017, these companies collectively accounted for 100% of the Maleic Anhydride capacity in the US.

The main sectors that consume Maleic Anhydride in the US are Unsaturated Polyester Resins (UPR), Butanediol, Lubricating Oil Additives, Copolymers, Fumaric Acid and Malic Acid and Agricultural Chemicals. In 2017, these sectors accounted for almost 89.0% of the Maleic Anhydride demand in the region. The increasing demand for unsaturated polyester resins (UPR) in the lubricant & automotive industry is likely to have a positive impact in the market.

Average price of Maleic Anhydride in the US was $1131.9/Tonne in 2017. It is expected that the average price of Maleic Anhydride will increase at a CAGR of 2.8% from $1131.9/Tonne in 2017 to $1300.8/Tonne in 2022.

During 2008 to 2017, the US was a net exporter of Maleic Anhydride. According to GlobalData outlook, it is expected to continue a similar trend with exports being higher than imports until 2022.

The US imports as percentage of demand in the year 2008 was 9.5%. The imports as percentage of demand decreased to 3.5% in 2017. According to GlobalData forecasts, imports as percentage of demand is expected to increase to 14.3% in 2022.

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