Global Maleic Anhydride Market to Grow at a CAGR of 6.6% by 2021: Analysis By Raw Material & Application

News provided by

Research and Markets

01 Sep, 2017, 14:15 GMT

DUBLIN, September 1, 2017 /PRNewswire/ --

The "Global Maleic Anhydride Market 2017-2021" report has been added to Research and Markets' offering.

The global maleic anhydride market to grow at a CAGR of 6.62% during the period 2017-2021.

The report, Global Maleic Anhydride Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the production of alkyd resin using maleic anhydride. Anti-corrosive paints are dispersions consisting two stages, namely the liquid stage and the solid stage. The alkyd resin modified with long oil used for anti-corrosive paints are manufactured with the alcoholysis method. However, due to the lack of linseed oil, phthalic anhydride is substituted with maleic anhydride to produce alkyd resin. The use of maleic anhydride as a partial replacement of phthalic anhydride improves the characteristics of the film of paint, such as its resistance and its strength against extreme atmosphere and corrosion.

According to the report, one of the major drivers for this market is the diversified application for beneficial properties. Maleic anhydride has varied applications, such as unsaturated polyester resin, BDO, additives, and copolymers. The growth in the adoption of unsaturated polyester and BDO are fostering the growth of the global maleic anhydride market. The additive market is growing, owing to increase in lubricant and oil and agricultural markets, accelerating the global maleic anhydride market to grow. Maleic anhydride is used in many industries because of its properties, such as enhanced flexibility and resistance.

Further, the report states that one of the major factors hindering the growth of this market is the fluctuating raw material prices. The rise in the prices of raw materials used in the manufacture of maleic anhydride may hamper the growth of the global maleic anhydride market. Raw materials, such as benzene, used for the production of maleic anhydride by manufacturers are often expensive. The rising cost of raw materials has also resulted in high operating costs for vendors. In addition, market competition limits the option to increase product prices to compensate for higher production costs.

Key vendors

  • Huntsman International
  • Lanxess
  • Ashland
  • Polynt
  • Flint Hills Resources

Other prominent vendors

  • Bartek Ingredients
  • Changzhou Yabang chemicals
  • China National Bluestar (Group)
  • ESIM Chemicals
  • Others

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Raw Material

Part 07: Market Segmentation By Application

Part 08: Geographical Segmentation

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Key Vendor Analysis

Part 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/tsckh3/global_maleic

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Related Links

http://www.researchandmarkets.com