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Maleic Anhydride Industry 2019 Top Manufacture Co. - Ashland Inc., Bartek Ingredients Inc., Bluestar Harbin Petrochemical Corp., Huntsman Corporation, Lanxess, Marathon Petroleum Corp. and etc
Maleic Anhydride Market Share. Maleic Anhydride Market Size, Maleic Anhydride Industry, Maleic Anhydride Business
Prominent maleic anhydride market influencers are Ashland Inc. (US), Bartek Ingredients Inc. (Canada), Bluestar Harbin Petrochemical Corp. (China), Huntsman Corporation (US), Lanxess (Germany), Marathon Petroleum Corp. (US), Fuso Chemical Co. (Japan), Mitsubishi Chemical Corporation (Japan), Nan Ya Plastics Co.(China), Changzhou Yabang Chemical Co. Ltd (China), Helm AG (Germany), Polynt Group (Italy), Ningbo Jiangning Chemical (China), Nippon Shokubai Co. Ltd (Japan), Thirumalai Chemicals Ltd (India), and others.
Maleic Anhydride Market Overview:
The market is anticipated to achieve a 6.65% CAGR during the forecast period (2018-2023) to reach an impressive valuation of USD 5.50 billion from its previous valuation of USD 3.4 billion in 2017. The report on the same market published by Market Research Future (MRFR) further incorporates a detailed analysis of the drivers such as the production of 1,4-butanediol (BDO), unsaturated polyester resins (UPR) and lubricants to provide an accurate maleic anhydride market scenario.
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Maleic Anhydride Market Segmentation Analysis:
The global maleic anhydride market can be segmented by raw material, application, and end-user.
By raw material, the maleic anhydride market can be segmented into n-Butane and Benzene. N-Butane has the maximum market share as per the details of 2017.
Based on application, the maleic anhydride market includes unsaturated polyester resin (UPR), copolymers, lubricant additives, alkenyl succinic anhydrides, malic acid, fumaric acid, and others. UPR, at present, is the market bellwether in terms of volume. But copolymers are about to record the fastest growth rate during the forecast period.
Based on end-users, the maleic anhydride market comprises construction, automotive, food & beverages, textile, pharmaceuticals, personal care, agriculture, and others. Construction segment has the maximum market share, but the automotive segment is about to register the fastest growth rate.
Maleic Anhydride Market Regional Analysis:
Geographic analysis of the maleic anhydride market incorporates North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA).
The APAC has the largest market share. The region is showing extraordinary growth rate in automotive and construction sectors which is squarely pushing the maleic anhydride market forward. Countries such as India, China, and Indonesia are making a substantial contribution to the regional maleic anhydride market growth.
Europe also has a substantial portion of the market. However, the region is expecting dampened speed owing to its slow growth in the construction sector and strict regulations regarding bio-sustainability imposed by governments that bog down the expected growth rate.
North America is also experiencing sluggish pace owing to a slowdown in downstream industries. However, Latin America’s market is expanding as many of the North American companies are shifting their base to Brazil and Argentina.
Maleic Anhydride Market Table of Content to be Continue…...,
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Maleic anhydride is manufactured from butane or benzene by oxidation process. Benzene is available at higher cost than butane, which makes butane favourable raw material. Butane oxidation takes place in fluidised or fixed bed reactor.
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