Market Research Report
Global Maleic Anhydride Industry Outlook to 2023 - Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants
|Published by||GlobalData||Product code||915759|
|Published||Content info||78 Pages
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|Global Maleic Anhydride Industry Outlook to 2023 - Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants|
|Published: November 1, 2019||Content info: 78 Pages||
Iran is set to drive capacity growth in the global maleic anhydride industry from planned and announced projects between 2019 and 2023. The country aims for these additions to represent around 59% of global capacity growth by 2023. Iran is expected to add maleic anhydride capacity of 0.13 million tonnes per annum (mtpa) from two planned projects by 2023.
Iran is set to add capacity targeting downstream production of Unsaturated Polyester Resin (UPR) and 1,4-butanediol (BDO). The Ibne Sina Petrochemical Company Mahshahr Maleic Anhydride Plant and the Modabberan Shimi Company Mahshahr Maleic Anhydride Plant will account for the entire capacity growth in Iran by 2023.
United Arab Emirates (UAE) and Russia stands as the second highest countries in terms of capacity additions in the global maleic anhydride industry. Together, these countries add a capacity of 0.09mtpa from two upcoming projects. The entire capacity addition for the UAE will be from the announced project, ENOC - IG Petrochemicals Jebel Ali Maleic Anhydride Plant, whereas Russia's capacity growth will be from the planned project, Sibur Tobolsk Tobolsk Maleic Anhydride Plant.
India is the only other country with an expansion project, which aims to increase India's maleic anhydride capacity by 0.002mtpa. The capacity addition will be from the planned project, IG Petrochemicals Taloja Maleic Anhydride Plant.
The report "Global Maleic Anhydride Industry Outlook to 2023 - Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants" forecast that Global Maleic Anhydride capacity is expected to experience moderate growth over the next five years from 3.20 mtpa in 2018 to 3.43 mtpa by 2023. Around five planned and announced Maleic Anhydride plants are expected to come online, predominantly in the Middle East over the upcoming years. Ibne Sina Petrochemical Co, Sibur Holding and I G Petrochemicals Ltd are the top three companies accounting for the planned and announced capacity additions during the outlook period.