Press release
Global Maleic Anhydride Market Analysis and Development Trends Forecast by 2025
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 is valued at 2240 million US$ in 2017 and will reach 4390 million US$ by the end of 2025, growing at a CAGR of 8.8% during 2018-2025.
The major manufacturers covered in this report
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
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Market size split by Region
•North America
•Asia-Pacific
•Europe
•Central & South America
•Middle East & Africa
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