Maleic Anhydride Market Emerging Trends And Strong Application Scope By 2025 : Key Players- Huntsman Corporation,Changzhou Yabang Chemical-Zibo Qixiang Tengda Chemical
Maleic Anhydride market is colourless or white solid with acrid odour. Most important application of Maleic Anhydride is to produce unsaturated polyester resins. (prsubmissionsite) November 16, 2019 –The demand for maleic anhydride is generally dependent on overall state of the economy as it is bulk commodity chemical dependent on general economic trends. North America and Europe has seen a modest growth in past few years. China s maleic anhydride demand grew rapidly in past decade and now it is experiencing slow growth on account of steady polyester demand. South East Asia and Middle Eastern regions are predicted to witness a strong growth on account of its high GDP growth rates. Maleic anhydride is used in applications such as unsaturated polyester resins (UPR), copolymers, lubricating oil additives, alkynyl succinic anhydrides, maleic acid, fumaric acid, agricultural chemicals and others.
Global MAN market is estimated to grow at CAGR of 3% in the long-term forecast. In most regions of the world, the largest market for maleic anhydride is unsaturated polyester resins which are again dependent on the growth in the construction industry and overall state of the economy. The other industries that impact the overall demand of MAN include automotive and marine industries.
According to Prismane Consulting Herfindahl Herschmann index (HHI) calculation, the market appears to be highly concentrated as the leading producer Huntsman accounts for less than 10% of the global capacity market. The market is also highly fragmented owing to the numerous players in the Asia- Pacific region specially China which has a number of players with relatively smaller capacities. MAN demand from new and emerging applications is expected to grow at a higher rate due to the lower base effect.
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This market study describes the global maleic anhydride market, with focus on major countries and their subsequent demand for different applications. The study covers demand analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, Poland, Czech Republic, Turkey, China, Japan, India, South Korea, Taiwan, Indonesia, Thailand, Malaysia, Singapore, Brazil, South Africa and Saudi Arabia. The market is segmented mainly according to the applications such as unsaturated polyester resins (UPR), copolymers, lubricating oil additives, alkynyl succinic anhydrides, maleic acid, fumaric Acid, agricultural chemicals and others.
- Maleic anhydride Market analysis for demand at regional and country level
- Business opportunity assessment
- Macro-economic factors like GDP, population and world economic integration
- Strategic issues and recommendations
Key Questions Answered:
The report provides answers to the following key questions:
- How big is the Maleic anhydride market?
- How is the market evolving by demand, segment and region?
- What will the market size be in 2025 and at what rate will it grow?
- What trends, challenges and barriers are influencing its growth?
- Historical and future price trends for Maleic anhydride.
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- Huntsman Corporation
- Changzhou Yabang Chemical
- Zibo Qixiang Tengda Chemical
- Lanxess AG
- Polynt Spa
- Ashland Inc.
- Flint Hills Resources
- Nippon Shokubai Co., Ltd
- Mitsubishi Chemical Corporation
- Bartek Ingredients Inc
- China National Bluestar (Group) Co., Ltd.
- Thirumalai Chemicals Ltd.
- Other Manufacturers