Proficient Market has published a new report titled “Maleic Anhydride Grafted Polymer (MAH-G) Market”. According to the report, global maleic anhydride grafted polymer (MAH-G) market in 2018 stood at USD 286.85 million and is expected to reach USD 721.19 million by 2026 growing at a CAGR of 6.59% from 2019 to 2026.
The maleic anhydride (MAH) grafted polyolefin provides excellent adhesion to nylon and EVOH, as well as metal, polyolefin, cellulose, polyester, polycarbonate, and glass. Special grades are utilized as impact modifiers in nylon and polyester. The other applications of maleic anhydride grafted polyolefin are Wood plastic compounds, Polyamide compounds, Pipe coating, Wire and Cable, Fibers, and Co-Extrusion of polar and non-polar substances.
Global Maleic Anhydride Grafted Polymer (MAH-g) Market: Key Players
The research study includes profiles of leading companies operating in the global maleic anhydride grafted polymer (MAH-G) market. Key players profiled in the report include: Eastman Chemical, Addivant SI Group, Dupont, Dow Chemical Company, Toyobo Co Ltd, Arkema, Mitsui & Others.
Mitsui Chemicals, Inc. launched its new manufacturing and sales company for the Production of Admer & Milastomer Compounds i.e. Mitsui Chemicals Functional Composites (Shanghai) Co., Ltd.
Drivers for the Global Maleic Anhydride Grafted Polymer (MAH-g) Market:
The increasing urbanization and commercialization across the globe, rising population especially in developing countries such as China and India boosts the growth of Maleic Anhydride Grafted Polymer market. Additionally, the Maleic anhydride has been used for the functionalization of polyolefin owing to the higher reactivity of the anhydride group toward successive reactions. The succinic anhydride groups of maleic anhydride graft polymers are highly reactive and can form covalent bonds to polar polymer backbones and end groups. Thus chemical reactions in polypropylene melts are impressive routes to new polymers, reactive processing technology, technological innovations fuel the maleic anhydride (MAH) grafted polyolefin market. While, it is utilized in a wide range of applications such as carpet backing, construction fabrics, self-hinging packages, appliance parts, medical equipment, automobile parts, films, bottles & containers. Hence, all these factors are fueling this market.
Opportunities for the Global Maleic Anhydride Grafted Polymer (MAH-g) Market:
The aerospace industry is continuously growing & developing the field of engineering. With the constant increase in production rates are beneficial for original equipment manufacturers (OEMs) of commercial aircraft. While the overall progress in airline activity is further increasing growth opportunities during the forecast period. The rapidly increasing air passenger traffic worldwide led to immense tension on the aviation industry for the production of more aircraft. This results into increased demand for aero-engines and turbines, which further results in increased demand for the product. Maleic anhydride materials are crucial in manufacturing engineering products and producing commodity materials in the major industries such as; automotive, aerospace, marine, construction, agriculture and health science. Thus elevation in the aerospace industries can create lucrative opportunities for Maleic Anhydride Grafted Polymer market during the forecast period.
Restrains for the Global Maleic Anhydride Grafted Polymer (MAH-g) Market:
Despite of the positive outlook from the industry, the sector continues to face various restraints, one of them is the considerable risk to the profitability of laser cladding services. Some of the factors such as continuously raising raw material costs and stringent environmental regulations. Moreover, the high set up costs for equipment and installation can hamper its usage especially in emerging countries. Additionally, higher building rate can lead to cracking. Hence, all these factors are responsible for the hampering the growth of maleic anhydride grafted polymer (MAH-g) market.
Region Wise, Global Maleic Anhydride Grafted Polymer (MAH-g) Market Analysis:
Report covers the region-wise analysis, global maleic anhydride grafted polymer (MAH-G) market can be segmented into North America, Europe, Asia Pacific, Latin America, The Middle East, and Africa. Among all, North America leads the global maleic anhydride grafted polymer (MAH-G) market share which is followed by Europe & Asia-Pacific. While the North-America leads the global maleic anhydride grafted polymer (MAH-G) market share due to the factors such as increasing demand, rapid urbanization & industrialization, and product development & technological innovations. While, Rise in GDP, growth in research activities, and increase in investment in aviation industry is accelerating the global anhydride grafted polymer (MAH-g) market in the North-America region.
Global Maleic Anhydride Grafted Polymer (MAH-g) Market: Product analysis
- Specialty Stores
Global Maleic Anhydride Grafted Polymer (MAH-g) Market: Application analysis
Global Maleic Anhydride Grafted Polymer (MAH-g) Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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