The global demand for Maleic Anhydride Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Maleic anhydride is a commonly used compound as a feedstock in the manufacturing of unsaturated polyester resins. Maleic anhydride is obtained from maleic acid and acts as a chemical intermediate that is used for the production of 1, 4-butanediol, tetrahydrofuran, and gamma-butyrolactone. This can be effectively used as a substitute for benzene in the production of the various alkyl resins that are used in the manufacturing of paints and coatings. Maleic anhydride is cheaper and more natural as compared to benzene, hence it used by a large number of manufacturers.
The usage and demand for spandex in various compression stockings, sportswear, and medical textiles have increased drastically in recent years and all their manufacturing processes involve the use of 1, 4-butanediol. Hence this is a major boost for the market for maleic anhydride as it is the main component for the manufacturing of 1,4-butanediol. The demand for unsaturated polymers is also increasing in various construction companies which is a major driver for the market for maleic anhydrides. The major constraint for the market is in the form of depleting crude oil resources all over the world. Maleic anhydride is obtained primarily as a feedstock from butane and hence the diminishing crude oil resources are acting as a major constraint for the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of maleic anhydride.
The entire maleic anhydride market has been sub-categorized into application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Unsaturated Polymer Resin (UPR)
- 1-4, Butanediol (BDO)
This section covers regional segmentation which accentuates on current and future demand for maleic anhydride market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Maleic Anhydride Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the maleic anhydride market include Ashland Inc., Compania Espanola de Petroleos, S.A., DSM N.V., Flint Hills Resources, Huntsman Corporation, Lanxess A.G., Mitsubishi Chemicals, MOL Hungarian Oil & Gas Plc, Merck & Co., Inc. Nippon Shokubai Co., Ltd., PolyntS.p.A., Thirumalai Chemicals Ltd., Changzhou Yabang Chemical Co. Ltd., Shanxi Qiaoyou Chemical Industrial Group Co. Ltd., Tianjin Bohai Chemicals. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.