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Maleic Anhydride Market size, Industry Analysis Report, Regional Outlook
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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.
It is an essential raw material for unsaturated polyester resin (UPR) production. UPR possess good mechanical strength and light in weight thus substitutes metals application in bathroom fixtures, furniture and construction industry. It has excellent flexural, thermal, morphological and mechanical properties and makes it common construction material for automotive parts, wind energy plant, marine vessel and tank manufacturing. It offers corrosion resistance and used in paints & coatings production.
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Rapid industrialisation mainly in China, India, Brazil and Mexico drives industrial equipment sales and subsequent maintenance requirement. Industrial lubricant is a largest segment with volume of about 15 million ton in 2016. Augmented output in mining, metal & machining sector along with increase in oil field drilling and exploration has led to rise in lubricant industry demand. Maleic anhydride is used as dispersant in crank oil and corrosion inhibitor in gasoline. It protects engine from scaling, corrosion and damage caused by fuel friction with engine metal. It also improves fuel efficiency and reduce harmful chemical emission.
Rise in income and increasing consumer spending on personal care product has led to robust market growth. Global personal care market expected to grow at over 5% by 2024. In order to attract consumer from different economies FMCG industry is introducing products at different price range.
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Hectic lifestyle and rise in living standards has driven global packaged food & beverage market. Maleic anhydride converts to fumaric and maleic acid and acts as a flavour enhancer in beverages. It prevents microbial and fungal growth and commonly used preservative in food industry. Food & beverage industry may witness a steady growth of over 4% and may stimulate maleic anhydride demand.
Reasons to Buy This Report:
1. Maleic Anhydride Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Maleic Anhydride Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
Europe driven by UK, France & Germany maleic anhydride market size may show significant gains. stringent government regulation pertaining to pollutant may have positive influence on product demand. Developed automotive sector and increasing demand for fuel-efficient car may drive regional industry growth.
The Maleic Anhydride Market Report Consists of:
1. Methodology and Scope
2. Executive Summary
3. Maleic Anhydride Industry Insights
4. Industry segmentation
5. Industry size, forecast and growth expectations, 2017 - 2024
6. Industry ecosystem analysis Raw material insights
7. Technology insights
8. Regulatory framework
9. Industry dynamics
10. Key growth opportunities
11. Porter's analysis
12. Company market share, 2017
13. PESTEL analysis
14. Regional price trends
15. Maleic Anhydride Product Insights
16. Maleic Anhydride Application Insights
17.Maleic Anhydride Regional Insights
18. Competitor Profiles
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Butane & benzene are raw material in manufacturing process and derived from crude oil. Fluctuating market price along with environmental concerns may hamper industry profitability thereby affecting maleic anhydride price trends.
Global maleic anhydride market share is fragmented. Key players are Lanxess, Huntsman, Bartek, Nippon Shokubai, Polynt, Flint Hills, Sasol, MOL Hungarian, Changzhou Yabang, Thirumalai, Zhejiang Jianghshan Chemicals and Mitsubishi Chemicals and Bluestar Harbing petrolchemicals.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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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…
