Los Angeles, CA -- (SBWire) -- 04/18/2019 --Maleic anhydride is a colorless or white solid with an acrid odor. Maleic anhydride is a very versatile molecule that lends itself to many applications requiring a number of properties and functionalities. With three active sites (two carboxyl groups and one double bond), it is an excellent joining and cross linking agent. Its major end use, representing well over half of global demand, is in the manufacture of unsaturated polyester resins, where its cross-linking abilities are important.
Maleic anhydride has many applications and the largest consumer comes from unsaturated polyester resin industry. Besides, there are still two manufacturing technologies adopted by the industry: benzene oxidation and n-butane oxidation. The latter technology is becoming the mainstream technology currently. Huntsman, Lanxess, Polynt, Changhzou Yabang and so on are the major players of maleic anhydride for the time being.
Although China has the largest capacity of maleic anhydride in the world, its capacity utilization rate is much lower, especially for maleic anhydride capacity using benzene oxidation. The oversupply in China is obvious. Affected by the downstream industry and poor profits, benzene oxidation maleic anhydride manufacturers prefer to hold wait-and- see attitudes toward the market for the time being.
The global Maleic Anhydride market was 2240 million US$ in 2018 and is expected to 4390 million US$ by the end of 2025, growing at a CAGR of 8.8% between 2019 and 2025.
This report studies the Maleic Anhydride market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Maleic Anhydride in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Huntsman Corporation
Sasol-Huntsman
Ashland
Polynt
LANXESS
Thirumalai Chemicals Ltd.
Flint Hills Resources
BASF
YONGSAN CHEMICALS,INC
DSM
Mitsubishi Chemical
NIPPON SHOKUBAI
Elekeiroz SA
Bartek Ingredients
Korea PTG
CEPSA
MOL Group
Mitsui Chemicals
Changzhou Yabang Chemical
Tianjin Bohua Zhonghe Chemical
Qiaoyou Chemical
Zibo Qixing Tengda Chemical
Zhejiang Jiangshan Chemical
Hongxin Chemical
Shengyuan Group
Jiangyin Shunfei Fine chemical
Jiangsu Zhongteng Chemical
Huanghua Hongcheng Business
Shanxi Hengqiang Chemical
Changzhou Shuguang Chemical
Shijiazhuang Bailong Chemical
UPC Group
Jiangsu ChangSanJiao Fine Chemical
By the product type, the market is primarily split into
Solid Maleic Anhydride
Molten Maleic Anhydride
By the end users/application, this report covers the following segments
unsaturated polyester resins (UPR)
lubricants
water treatment chemicals
foodstuffs
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Maleic Anhydride Market Growing at a Cagr of 8.8% Between 2019 and 2025
Maleic Anhydride Market assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers and the current and future trends.