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Maleic Anhydride Market Overview, Trends, Growth, Demand, Key Players Analysis and Forecast to 2031
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Maleic anhydride is an organic compound with the formula C4H4O3. Maleic anhydride is a white solid with a pungent odor. It is soluble in water and is used as a precursor to polymers. Maleic anhydride is produced by the oxidation of n-butane or butene.
Maleic anhydride is used as a precursor to polymers. It is used in the production of polyester resins, polyurethanes, and polyamide resins. Maleic anhydride is also used as a crosslinking agent for vulcanization of rubber. It is used in the production of alkyd resins and as a curing agent for epoxy resins. Maleic anhydride is used as an additive in lubricants, adhesives, and sealants.
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Key Trends
The key trends in Maleic Anhydride technology are the development of new synthesis methods, the use of new catalysts, and the development of new uses for Maleic Anhydride.
The traditional method for producing Maleic Anhydride is the thermal oxidation of n-butane. However, this process has several drawbacks, including the need for high temperatures and pressures, and the formation of by-products that can be difficult to remove. As a result, there has been a push to develop new synthesis methods that are more efficient and produce fewer by-products.
One promising new synthesis method is the direct oxidation of benzene. This process uses a catalyst to convert benzene into Maleic Anhydride at lower temperatures and pressures than the traditional process. This method also produces less of the by-products that can be difficult to remove.
Key Drivers
The key drivers of the maleic anhydride market are the growing demand for unsaturated polyester resins and alkyd resins, and the increasing use of maleic anhydride as a precursor for the production of fumaric acid. The unsaturated polyester resins are used in a wide range of applications such as construction, automotive, and marine. The alkyd resins are used in paints and coatings. The fumaric acid is used in the food and beverage industry.
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Market Segments
By Raw Material
-n-butane
-Benzene
By Application
-UPR
-1,4-BDO
-Lubricating Oil Additives
-Copolymers
-Others
Key Players
-Huntsman Corporation
-Ineos
-Ashland Inc.
-Flint Hills Resources, LLC (USA),
-Changzhou Yabang Chemical Co., Ltd.
-Shanxi Qiaoyou Chemical Co., Ltd.
-Polynt-Reichhold Group
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Maleic Anhydride Market
Maleic Anhydride Market size may have steady growth over forecasted timeframe owing to positive application outlook in copolymers, adhesives and unsaturated polyester resin (UPR).
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.
Maleic anhydride is used in 1, 4- butanediol (BDO) chemical production which…
