Reports and Data estimates the global Maleic Anhydride competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Maleic Anhydride during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include DSM NV, Huntsman Corporation, Lanxess AG, Ashland Inc., Flint Hills Resources, Mitsubishi Chemicals, Merck & Co., Inc., Sasol, Tianjin Bohai Chemicals, and Nippon Shokubai Co. Ltd., among others.
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Maleic Anhydride Overview :-
The maleic anhydride market is projected to grow at a rate of 6.2% in terms of value, from 2020 to reach USD 4,967.0 Million by 2028. The market growth of Maleic anhydride is attributed to its growing application in several resins and plastics, petroleum additives, agricultural and industrial chemicals, water treatment chemicals, pharmaceuticals, epoxy curing agents, flavor enhancers, and copolymers, among others.
The growing use of maleic anhydride in the food & beverage industry is likely to drive market growth. It is used in the modification of food & beverages and is commonly used as an additive. Maleic anhydride, when converted to maleic and or fumaric acid, finds application as an excellent flavor enhancer or preservative. Growing use of maleic anhydride in production of 1, 4-Butanediol are likely to propel the market growth. It is used to make paint thinner, floor stripper, and other solvent products. It is an essential commodity chemical that finds usage as a starting point chemical for synthesizing other chemicals and polymers, including the polybutylene terephthalate, an exceptional engineering thermoplastic. 1, 4-Butanediol is used for the production of more than 2.5 million tons of essential polymers every year. Increasing use of this chemical in agriculture is expected to impact market growth. Fertilizers comprising the elements nitrogen, potassium, and phosphorus, and organic compounds act as growth stimulators for plants. These organic compounds possess compounds of high molecular weight, which is obtained from polycondensation of maleic anhydride and naphthoquinone.
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For the purpose of this report Reports and Data has segmented global Maleic Anhydride market on the basis of type, application, and region:
Form Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Solid
- Brittle
- Molten
Applications Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Unsaturated Polyester Resins
- 1, 4-Butanediol
- Additives
- Co-Polymers
- Others
Industry Vertical Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Construction
- Automotive
- Textile
- Food & Beverage
- Pharmaceutical
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Maleic Anhydride during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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