Market Research Report
Global Maleic Anhydride Market, 2014-2024
|Published by||Market Krystal||Product code||932103|
Delivery time: 1-2 business days
|Global Maleic Anhydride Market, 2014-2024|
|Published: April 1, 2020||Content info:||
Maleic anhydride (C2H2(CO)2O) is an organic compound. It is the acid anhydride of maleic acid. Maleic anhydride appears as colorless needles or white lumps or pellets. It has an irritating, choking odor. Maleic anhydride is very soluble in water and readily reacts with water to form maleic acid. Benzene and N-butane are used as a raw material to primary manufactured maleic anhydride.The production of maleic anhydride from n-butane accounts for a significant share as compared to benzene. This is majorly attributed to the relatively low costs of production as well as environment friendly nature of n-butane as compared to benzene. benzene is considered to be toxic in nature and contribute to high production costs, it can be rarely used in production of alkyl resins which in turn are widely used in the production of paints and coatings.
Maleic anhydride is used to make other chemicals that are used in resins, dyes, drugs and agriculture. It is produced industrially on a large scale for applications in coatings and polymers. Around 50% of world maleic anhydride output is used in the manufacture of unsaturated polyester resins (UPR). Chopped glass fibers are added to UPR to produce fibre glass reinforced plastics which are stronger and lighter that are used in a wide range of applications such as pleasure boats, bathroom fixtures, automobiles, tanks and pipes, aerospace, automotive, construction and turbine industries. Maleic anhydride acts as a vital component of food preservatives, gelling agents and flavor enhancers by converting the maleic anhydride into fumaric acid and maleic acid.
The global maleic anhydride market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global maleic anhydride market is growing at a fast pace and increasing its geographical footprint rapidly. The global maleic anhydride market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in Asia Pacific region due increasing the adoption of unsaturated polyester resins in applications such as heat resistant tanks and pipes.in addition the use bio-based feed stock polymers rising accelerate the maleic anhydride market globally.
Maleic anhydride enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of maleic anhydride market globally. The companies that lead global maleic anhydride market are Mitsubishi Chemical Corporation,Shanxi Qiaoyou Chemical Co., Ltd ,Huntsman International LLC, Zibo Qixiang Tengda Chemical Co., Ltd., Changzhou Yabang Chemical Co Ltd.,Polynt-Reichhold Group, LANXESS, Nippon Shokubai Co., Ltd., and Ningbo Jiangning Chemical Co.Ltd,
The research process includes the market segmentation of the global maleic anhydride market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global Maleic Anhydride market industry experts from across the global industry. Company conducts more than 40 interview hours dedicated for this study, the same are mentioned below:
By company type: Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
By geography: North America (40%), Asia (25%), Europe (35%)
By designation: Top level (40%), Operation level (20%), Mid-level (40%)