Global maleic anhydride market to be driven by growing demand

Expert Market Research’s new report titled “Global Maleic Anhydride Market Size, Share, Demand, Report and Forecast 2022-2027”, provides an in-depth analysis of the global maleic anhydride market, assessing the market based on of its segments like product types, end-user industries and major regions.

The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 5%

Maleic anhydride is a crucial ingredient in the production of fumaric acid. Hence, the increasing demand for fumaric acid in the food and beverage industry for the production of a variety of food products such as wheat and corn tortilla, rye bread and fruit juices among others , is expected to propel the growth of the market in the forecast. period.

The growing demand for maleic anhydride for the production of unsaturated polyester resin, which has high demand in the building and construction industry, further strengthens the market over the forecast period. Geographically, the Asia-Pacific region accounts for a large share of the market due to the strong presence of major manufacturers in the region.

Industry definition and major segments

Maleic anhydride is defined as an unsaturated compound, which is cyclic dicarboxylic in nature. The compound is obtained by removing all water molecules from its structure. Maleic anhydride is a highly reactive chemical intermediate with a flash point of 218°F and is widely applied in the field of industrial chemistry. The main use of this compound is in the production of polyester resins, pesticides, and fumaric and tartaric acids.

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On the basis of product type, the market can be segmented into:

• Unsaturated polyester resin
• BDO (Butanediol)
• Lubricant additives
• Copolymers of maleic anhydride
• Malic acid
• Furmaric acid
• Alkyl succinic anhydrides
• Surfactants and plasticizers
• Others

On the basis of end-user industry, the market can be categorized into:

• Construction
• Car
• Food and drink
• Oil products
• Electronics
• Personal care
• Pharmaceutical products
• Agriculture

Regional markets for maleic anhydride include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market trends

Major trends in the maleic anhydride market include the booming construction sector in emerging economies due to rapid urbanization, rising living standards, and population growth. In addition to this, the increasing demand for chemical intermediates in the agricultural industry for the manufacture of high quality protective chemicals is expected to be another major market trend.

Technological advancements and growing R&D activities in automotive, electronics and pharmaceutical industries are expected to provide lucrative opportunities to the market over the forecast period. Therefore, these trends are likely to catapult the demand for maleic anhydride in the coming years.

Main market players

The major market players are Huntsman International LLC, Shandong Hongxin Chemical Co. Ltd, Helm AG, Mitsubishi Chemical Corporation, and Ningbo Jiangning Chemical Co. Ltd, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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This press release was published on openPR.

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