Global Maleic Anhydride Market: Introduction
Maleic anhydride is an organic compound with the formula C2H2(CO)2O. It is a colorless or white solid with an acrid odor, and is produced in large quantity for applications in coatings and polymers. The global Maleic Anhydride Market is expected to value at more than US$ 2.5 Bn in 2019, and is expected to register a CAGR of 6.6%.
Global Maleic Anhydride Market: Dynamics
Maleic anhydride is used in the production of unsaturated polyester resin as well as in the manufacture of coatings, pharmaceutics, agricultural products, surfactants, and as an additive of plastics.
Increasing demand for maleic anhydride in the different sector such as automotive, construction & manufacturing, and marine industries, which is a major factor driving growth of the global market currently. Moreover, growing automotive industry, rapid industrialization, and increasing disposable income of consumers. Favorable growth in the construction sector in emerging countries is expected to drive the growth of the unsaturated polyester resins over the forecast period. In addition, growing demand for maleic anhydride based 1,4-butanediol from textile industry, is another factor expected to fuel growth of the target market during the forecast period.
However, increasing government regulations and fluctuating raw material prices are among some of the major factors expected to hamper growth of the global target market to certain extent. Increasing Adoption and preference for bio-based products will help to gain major revenue share in markets across the globe.
Analysis By Segmentation:
The market report has been segmented on the basis of raw material, application, and region. The raw material segment includes n-butane and benzene. By application segment includes unsaturated polyester, 1,4- butanediol, additives, and others. The region covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
By Raw Material: The n-butane segment accounted for highest revenue share contribution as compared to benzene, and is expected to register highest CAGR of over 6.5%.
By Application: The unsaturated polyester segment accounts for highest revenue share in the global market and is expected to register highest CAGR of over 6.8%.
By Region: The market in Asia Pacific accounted for highest revenue share in the global maleic anhydride market in 2018 and is expected to register a CAGR of over 7%.
Global Maleic Anhydride Market: Competitive Analysis
The research report on the global maleic anhydride market includes profiles of some of major companies such as Huntsman International LLC, Ashland Inc., LANXESS AG, Mitsubishi Chemical Corporation, Merck KGaA, Flint Hills Resources, Polynt SpA, NIPPON SHOKUBAI CO., LTD., Bartek Ingredients Inc., and Royal DSM N.V.
The Global Maleic Anhydride Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2018–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global maleic anhydride market for 2017–2027.
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