Maleic Anhydride Market Size, Trends & Analysis - Forecasts to 2026 By Type of Product (Solid, Liquid, and Brittle), By Type of Application (Unsaturated Polymer Resin [UPR], Fumaric, Malic, Maleic & Succinic Acids, Specialty Products [1,4 BDO], Lubricant Oil Additives, Agricultural Chemicals, Styrene Copolymers, and Others), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
Maleic Anhydride Market Insights
As per new analytical studies published by GME, the maleic anhydride market is tended to identify a striking amplification in CAGR by 5.8% covering the estimated duration (2020-2026). Maleic anhydride [C?H?(CO)?O] is an organic compound. It can also be described as an acid anhydride of maleic acid. Maleic Anhydride is formed by oxidization of benzene or butane. Colorless, solid white, and acrid odor are some of the features of maleic anhydride. The applicability of maleic anhydride can be seen used in industries extensively for coatings and polymers. During the global lockdown concerning COVID-19 safety measures, the prices of crude oil have endured a drop, so as the price of benzene which has benefitted the market tremendously. Growth in the construction industry, low manufacturing expenses, and environmental factors are the bases for the domination of the market.
Maleic Anhydride Market: By Type of Product
Maleic anhydride based on the type of product can be found in the form of solid, liquid, and brittle. The solid form of maleic anhydride is predicted to govern the market on a global scale. Speedy urbanization, waxing towards motorization, and demand for 1, 4-butanediol & alkyd resins are the propellors fuelling the momentum of the market.
Maleic Anhydride Market: By Type of Application
The division of the market based on the application can be depicted as Unsaturated Polymer Resin (UPR), Fumaric, Malic, Maleic & Succinic Acids, Specialty Products (1,4 BDO), Lubricant Oil Additives, Agricultural Chemicals, Styrene Copolymers, and Others. UPR is the segment awaited to progress in the forecast period. Unsaturated polymer resins are the polymers in the form of liquid produced after the process of polycondensation of polyalcohol and polyacid. Demand in specialty fuel additives, an increase in the automotive industry, and climate change are the engineers directing towards the growth of the market.
Maleic Anhydride Market: By Region
The distributions based on the earthly aspect are NA (North America), MEA (the Middle East & Africa), CSA (Central & South America), APAC (Asia-Pacific), and Europe. APAC is anticipated to reckon for the largest share in earnings and growth of the market. Rapid industrialization, a hike in per capita income, and rush in need by end-users are the leads that assist in the expansion of the market.
Maleic Anhydride Market Share and Competitor Analysis
Shanxi Taiming Chemical Industry Co. Ltd., Gulf Advanced Chemical Industries Co. Ltd., PT Justus Sakti Raya, Yongsan Chemicals Inc, Polynt - Reichhold Group, Huntsman International LLC, Nippon Shokubai Co. Ltd., LANXESS AG, Mitsubishi Chemical Corporation, Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL), Zibo Qixiang Tengda Chemical Co. Ltd, MOL Plc, Ruse Chemicals AD, Ningbo Jiangning Chemical Co. Ltd., Shijiazhuang Bailong Chemical Co. Ltd., I G Petrochemicals Ltd., Huanghua Hongcheng Business Co. Ltd., and other companies are the pivotal contenders in the market.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Maleic Anhydride Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Maleic Anhydride Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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