The global maleic anhydride capacity is poised to see moderate growth over the next five years, potentially increasing from 3.20 mtpa in 2018 to 3.43 mtpa in 2023, registering total growth of seven per cent.
GlobalData’s latest report, ‘Global Maleic Anhydride Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ states that around five planned and announced plants are slated to come online primarily in the Middle East by 2023.
Globally, butane oxidation is the dominant production process used for maleic anhydride production. In 2018, it accounted for 45 per cent of the installed maleic anhydride capacity of 3.20 mtpa.
Among regions, the Middle East leads with the largest capacity additions from the upcoming plants of maleic anhydride by 2023. For the upcoming new-build plants, the region is expected to add a capacity of 0.175 mtpa from three planned and announced plants, whereas there will be no expansion of existing plants by 2023.
Source: Iran to spearhead capacity growth in the global maleic anhydride industry by 2023: chemicals technology