The global maleic anhydride market was valued at USD 3.8 billion in 2011 and is expected to grow at a CAGR of 6.4% from 2012 to 2018.
Albany, NY -- (SBWIRE) -- 10/30/2015 -- Maleic anhydride - an organic, colorless compound – is used as a chemical intermediate in different industrial procedures and in the manufacturing of copolymers, agricultural chemicals, fumaric acid, lubricant additives, plasticizers, malic acid, and surfactants. Automotive/transportation, wind energy, marine, pipes and tanks, building and construction, and electrical and electronics are some of the major end users of maleic anhydride, indicating the growth and development of the global market.
According to the research report, the US$4.11 billion-market for maleic anhydride stands to grow to US$5.96 billion by 2018, registering a 6.4% CAGR from 2012 to 2018. The report studies the structure and elements of the maleic anhydride market, together with factors influencing the growth of the global as well as regional markets.
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With the help of the latest market intelligence tools such as value chain analysis, Porter's Five Forces analysis, SWOT analysis, and market attractiveness, the report highlights the drivers and challenges the maleic anhydride market faces, the major vendors and products contributing to its growth, business strategies and alliances adopted, and recent events that have steered the development of this market.
Overview of the Maleic Anhydride Market
The global maleic anhydride is propelled by the growth of the automobile and lubricants market, especially in Asia Pacific, and the strong demand for unsaturated polyester resins and 1,4-Butanediol. The commercialization of bio-based maleic anhydride holds strong possibilities over the next three years. However, volatile prices of raw material such as crude oil are likely to hinder the growth of the raw material market.
Maleic anhydride finds application in additives such as lubricants and oils, unsaturated polyester resins, copolymers, 1,4-Butanediol, and others such as alkyd resins and Tris(3-(2-hydroxybenzophenone) propyl) amine. With a share of over 49% in 2012, unsaturated polyester resins formed the largest application segment of the maleic anhydride market, with BDO following suit.
Among the four major regional markets for maleic anhydride – North America, Europe, Asia Pacific, and Rest of the World, Asia Pacific held the largest share of the global market at 55%. The flourishing automobile industry, favorable economic conditions, improved standards of living, growing population, and rise in disposable income in emerging APAC economies such as China, South Korea, and India have been driving the market over the years. In addition, companies manufacturing maleic anhydride are setting up production plants in Asia Pacific, realizing the immense potential for growth in this region.
Companies Mentioned in the Report
The top players operating in the global maleic anhydride market include DSM N.V., Ashland Inc., Flint Hills Resources, MOL Hungarian Oil and Gas PLC, Huntsman Corporation, Thirumalai Chemicals Limited, Polynt S.p.A, Nippon Shokubai Co. Ltd., Compania Espanola de Petroleos, S.A., Mitsubishi Chemical Holdings Corporation, and Lanxess AG.
Maleic Anhydride Market: Application Analysis
Unsaturated polyester resins
Additives (Lubricants and Oil)
Others (Tris(3-(2-hydroxybenzophenone) propyl) Amine, alkyd resins, etc.)
Major geographies analyzed under this research report are:
Rest of the World
This report gives you access to decisive data such as:
Market growth drivers
Factors limiting market growth
Current market trends
Market projections for the coming years
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