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Global Maleic Anhydride Market 2022 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Huntsman Corporation, Lanxess AG, Mitsubishi Chemical Corporation, Helm AG, Ningbo Jiangning Chemical Co. Ltd
Maleic Anhydride Market
The regions covered in the maleic anhydride market report are asia-pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest maleic anhydride share.
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The maleic anhydride market consists of sales of maleic anhydride (MAN) by entities (organizations, sole traders, and partnerships) that are used for the manufacturing of unsaturated polyester resins (UPR), as lubricating oil additives, as dispersants, and corrosion inhibitors. It is a chemical intermediate formed after the oxidation of benzene or butane in the presence of a vanadium oxide catalyst. Maleic anhydride is a colourless or white solid, cyclic dicarboxylic anhydride organic chemical.
Key competitors in the maleic anhydride market are Huntsman Corporation, Lanxess AG, Mitsubishi Chemical Corporation, Helm AG, Ningbo Jiangning Chemical Co. Ltd, Nippon Shokubai Co. Ltd., Ashland Inc, Changzhou Shuguang Chemical, Bartek Ingredients, BASF,
The global maleic anhydride market size is expected to grow from $3.07 billion in 2021 to $3.22 billion in 2022 at a compound annual growth rate (CAGR) of 5.10%. The growth in the market is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global maleic anhydride market size is expected to reach $4.03 billion in 2026 at a CAGR of 5.73%.
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TBRC's report segments the global maleic anhydride market:
1) By Type: Solid Maleic Anhydride, Molten Maleic Anhydride
2) By Raw Material: Benzene, N-Butane
3) By Application: Unsaturated Polyester Resin, Copolymers, Lubricant Additives, Alkyl Succinic Anhydrides, Malic Acid, Furmaric Acid
4) By End-User: Construction, Automobile, Food and Beverage, Oil Products, Electronics, Personal Care, Pharmaceuticals, Agriculture
Read Further On The Maleic Anhydride Market Here:
https://www.thebusinessresearchcompany.com/report/maleic-anhydride-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Maleic Anhydride Market Characteristics
3. Maleic Anhydride Market Trends And Strategies
4. Impact Of COVID-19 On Maleic Anhydride
5. Maleic Anhydride Market Size And Growth
.....
26. Africa Maleic Anhydride Products Market
27. Maleic Anhydride Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Maleic Anhydride Market
29. Maleic Anhydride Market Future Outlook and Potential Analysis
30. Appendix
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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…
