Maleic Anhydride is a crosslinking and conjunction agent with molecular structure of MAN. It also forms an integral structural component in industrial copolymers. It is a colorless or white solid with an acrid odor. It is produced industrially on a large scale for applications in coatings and polymers. They are used in various applications, such as in the manufacture of unsaturated polyester resins (UPR) as well as in the production of thermoplastic polyurethanes, elastane/Spandex fibers, polybutylene terephthalate (PBT) resins and many other products.
Maleic Anhydride Market: Key Players
The research study includes profiles of leading companies operating in the global maleic anhydride market. Key players profiled in the report include: Huntsman International LLC, Changzhou Yabang Chemical Co., Ltd., Shanxi Qiaoyou Chemical Co. Ltd., Ningbo Jiangning Chemical Co., Ltd. Zibo Qixiang Tengda Chemical, Polynt-Reichhold Group, Nippon Shokubai Co., Ltd., Mitsubishi Chemical Corporation, LANXESS, and Gulf Advanced Chemical Industries Co., Ltd.
Huntsman has acquired its remaining 50% interest in the Sasol-Huntsman maleic anhydride joint venture in order to enhance customer base in emerging as well as developed markets.
Drivers for the Global Maleic Anhydride Market:
High demand for UPR and additives in building & constructions coupled with technological advancement in manufacturing technologies has been the major driving factors for Maleic Anhydride Market.
Opportunities for the Global Maleic Anhydride Market:
Growth in the construction industry in developing countries is expected to increase the production of alkyd resins and 1, 4-butandiol which in turn is expected to surge in demand for maleic anhydride over the forecast period.
Region Wise, Global Maleic Anhydride Market Analysis:
North America held maximum share in the market due to increasing infrastructure development plans in regions like US. Moreover, Asia Pacific region is expected to grow at higher CAGR due to economic growth in the APAC region, coupled with rising disposable income, is driving the market for maleic anhydride. In addition, increased demand for maleic anhydride in key countries, such as China, Japan, and India, are contributing to the growth of the maleic anhydride market in the region.
Global Maleic Anhydride Market: Product analysis
- N-butane
- Benzene
Global Maleic Anhydride Market: Application analysis
- 1,4-BDO
- UPR
- Additives
- Copolymers
Global Maleic Anhydride Market: Region analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- ASEAN
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Colombia
- Rest of L.A.
- Middle East and Africa
- Turkey
- GCC
- UAE
- South Africa
- Rest of Middle East
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