Maleic Anhydride Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Alkyl Succinic Anhydrides, Lubricant Additives, Malic Acid, Fumaric Acid, Surfactants and Plasticizers, Butanediol, Others); Raw Material (Benzene, N-Butane); Application (Unsaturated Polymer Resin, Additives, Copolymers Others); End use industry (Construction, Automobile, Food and Beverage, Oil Products, Electronics, Personal Care, Agriculture, Pharmaceutical, Others) and Geography
Report Code: TIPRE00005640 No. of Pages: 150 Category: Chemicals and Materials Status: Upcoming
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MARKET INTRODUCTION
Maleic anhydride is a crystalline, unsaturated compound which is soluble in acetone and hydrolyzes in water. It is manufactured from butane or benzene by the process of oxidation. It is colorless or a white solid with an acrid odor. Maleic anhydride is used in the production of unsaturated polyester resins. When chopped glass fibers are mixed with unsaturated polyester resins, they give rise to fiberglass reinforced plastics that are used widely in boats, bathroom fixtures, automobiles, tanks and pipes.
Market Dynamics
Increasing disposable income and greater penetration of spandex in compression stockings, medical textiles and stockings have up surged the demand for 1, 4-butanediol, which in turn drives the growth of the maleic anhydride market. The application of maleic anhydride, along with bio-based feed stocks polymers is another factor driving the growth of the market. However, the use of bio based succinic acid as an alternative of maleic anhydride restrains the fruitful growth of the maleic anhydride market. The expansion of the construction industry in developing countries demands more application of unsaturated polyester resin in heat resistant pipes and tanks. This is anticipated to bolster the growth of the maleic anhydride market in the years to come.
Market Scope
The "Global Maleic Anhydride Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the maleic anhydride market with detailed market segmentation by type, raw material, application, end use industry and geography. The global maleic anhydride market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading maleic anhydride players and offers key trends and opportunities in the market.
Market Segmentation
The global maleic anhydride market is segmented on the basis of type, rawmaterial, application, end use industry and geography. On the basis of type the market classify into alkyl succinic anhydrides, lubricant additives, malic acid, fumaric acid, surfactants & plasticizers, butanediol and others. The market on the basis of raw material is broken into benzene and n-butane. As per application the market is bifurcated into unsaturated polyester resin, additives, copolymers and others. As per end use industry the market is segmented into construiction, automobile, food & beverage, oil products, electronics, personal care, agriculture, pharmaceutical and others.REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The maleic anhydride market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the maleic anhydride market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the maleic anhydride market in these regions.
MARKET PLAYERS
The reports cover key developments in the maleic anhydride market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from maleic anhydride market are anticipated to lucrative growth opportunities in the future with the rising demand for maleic anhydride in the global market. Below mentioned is the list of few companies engaged in the maleic anhydride market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the maleic anhydride market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.
Maleic anhydride is a crystalline, unsaturated compound which is soluble in acetone and hydrolyzes in water. It is manufactured from butane or benzene by the process of oxidation. It is colorless or a white solid with an acrid odor. Maleic anhydride is used in the production of unsaturated polyester resins. When chopped glass fibers are mixed with unsaturated polyester resins, they give rise to fiberglass reinforced plastics that are used widely in boats, bathroom fixtures, automobiles, tanks and pipes.
Market Dynamics
Increasing disposable income and greater penetration of spandex in compression stockings, medical textiles and stockings have up surged the demand for 1, 4-butanediol, which in turn drives the growth of the maleic anhydride market. The application of maleic anhydride, along with bio-based feed stocks polymers is another factor driving the growth of the market. However, the use of bio based succinic acid as an alternative of maleic anhydride restrains the fruitful growth of the maleic anhydride market. The expansion of the construction industry in developing countries demands more application of unsaturated polyester resin in heat resistant pipes and tanks. This is anticipated to bolster the growth of the maleic anhydride market in the years to come.
Market Scope
The "Global Maleic Anhydride Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the maleic anhydride market with detailed market segmentation by type, raw material, application, end use industry and geography. The global maleic anhydride market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading maleic anhydride players and offers key trends and opportunities in the market.
Market Segmentation
The global maleic anhydride market is segmented on the basis of type, rawmaterial, application, end use industry and geography. On the basis of type the market classify into alkyl succinic anhydrides, lubricant additives, malic acid, fumaric acid, surfactants & plasticizers, butanediol and others. The market on the basis of raw material is broken into benzene and n-butane. As per application the market is bifurcated into unsaturated polyester resin, additives, copolymers and others. As per end use industry the market is segmented into construiction, automobile, food & beverage, oil products, electronics, personal care, agriculture, pharmaceutical and others.REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The maleic anhydride market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the maleic anhydride market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the maleic anhydride market in these regions.
MARKET PLAYERS
The reports cover key developments in the maleic anhydride market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from maleic anhydride market are anticipated to lucrative growth opportunities in the future with the rising demand for maleic anhydride in the global market. Below mentioned is the list of few companies engaged in the maleic anhydride market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the maleic anhydride market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.
- Ashland Inc.
- Changzhou Yabang Chemical Co., Ltd.
- Flint Hills Resources, LP
- Huntsman Corporation
- Lanxess Aktiengesellschaft
- Ningbo Jiangning Chemical Co. Ltd.
- Nippon Shokubai Co., Ltd.
- Polynt Group
- Thirumalai Chemicals Ltd.
- Zibo Qixiang Tengda Chemical Co. Ltd.
