Global Maleic Anhydride Market 2019-2023
- Published: Dec 2018
- Pages: 134
- SKU: IRTNTR30571
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The global maleic anhydride market size will grow by about USD 1 billion during 2019-2023. This report provides a detailed analysis of the market based on segmentation by application (unsaturated polyester resin, 1,4-BDO, additives, and others), raw material (benzene and n-butane), and geography (the Americas, APAC, and EMEA). The report analyzes the market’s competitive landscape and offers information on several maleic anhydride manufacturers including Ashland, Huntsman International, LANXESS, Mitsubishi Chemical Holdings, Polynt, and Zibo Qixiangtengda Chemical.
Some of the key findings from our maleic anhydride market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global maleic anhydride industry overview
There has been an increasing demand for maleic anhydride from developing countries such as India, China, Mexico, Indonesia, and Brazil. Lenient government regulations, easy availability of land and raw materials, and low labor and transportation costs are encouraging major vendors to shift their manufacturing activities to these countries.
Maleic anhydride is used as an additive in lubricants as it enhances the engine’s performance and efficiency by protecting it from scaling and corrosion. It is also used as a dispersant in crank oil and as a corrosion inhibitor in gasoline. With China and India emerging as the manufacturing hubs of several industries including automobile and metal industries, the demand for industrial lubricants in these regions will increase, in turn, driving the demand for maleic anhydride. The maleic anhydride market growth will accelerate at a CAGR of over 7% during the forecast period.
Top maleic anhydride companies covered in this market research report
The global maleic anhydride market is moderately fragmented and the competition among companies is intense. To help clients improve their revenue shares in this market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this maleic anhydride market analysis report suggests strategies companies can follow and recommends key areas they should focus on, in order to make the most of upcoming growth opportunities.
The report offers a detailed analysis of several leading companies, including:
- Huntsman International
- Mitsubishi Chemical Holdings
- Zibo Qixiangtengda chemical
Maleic anhydride market segmentation based on application
- Unsaturated polyester resin (UPR)
The unsaturated polyester resin (UPR) segment will account for the highest share in the maleic anhydride market because of its growing demand from marine, construction, and automotive industries. The report provides an accurate prediction of the contribution of various segments to the growth of the maleic anhydride market size.
Maleic anhydride market segmentation based on geographic region
APAC will account for the highest growth of the maleic anhydride market throughout the forecast period. High demand from the marine, textiles, construction, and automobile industries will drive the growth of the maleic anhydride market in this region.
Key highlights of the global maleic anhydride market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the maleic anhydride market during the next five years
- Precise estimation of the global maleic anhydride market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the maleic anhydride industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on information about factors that will challenge the growth of maleic anhydride companies
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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