Maleic anhydride is an organic compound with a strong acrid odor is colorless and appears in white crystalline flakes. It is manufactured commercially by oxidation of butane or benzene. Maleic anhydride is widely used in the manufacturing of unsaturated polyester resins. These resins are used in general construction, automobile bodies, pipes and ducts, corrosion resistant tanks, paints and coatings, bathroom fixtures, furniture, radar domes, and fiberglass reinforced plastics.
Read Report Overview @ https://www.transparencymarketresearch.com/maleic-anhydride-market.html
Maleic anhydride is a crucial raw material for manufacturing unsaturated polyester resins. Building & construction, automotive/transportation, pipes & tanks, marine, wind energy and electrical & electronics are the key end users. Manufacturing of corrosion resistant tanks, paints and coatings, bathroom fixtures and fiberglass-reinforced plastics are the other applications. Robust growth in end user markets has resulted in an increased demand for unsaturated polyester resins. Unsaturated polyester resins are widely used in structural and decorative applications as their low cost of manufacturing, excellent service temperatures and weight advantage make them a better substitute to metals. The global maleic anhydride market was valued at USD 3.8 billion in 2011 and is expected to grow at a CAGR of 6.4% from 2012 to 2018.
Unsaturated polyester resins, BDO, additives (Lubricants and oil), copolymers, etc. are major application of maleic anhydride. In 2012, unsaturated polyester resins were the largest application segment accounting for over 49% of the global maleic anhydride market. BDO was the second largest outlet for maleic anhydride in 2012. Other key applications for maleic anhydride include the production of agricultural chemicals, lubricant additives, copolymers, malic acid, fumaric acid, surfactants and plasticizers. Maleic anhydride is also widely used as a chemical intermediate in multiple industrial processes.
Request Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1621
The Asia Pacific region was the largest market for maleic anhydride with over 55% share of total volume consumed in 2012. Developing countries such as China, India and South Korea are the major markets for its derivatives. Growing automobile industry in emerging countries is expected to remain a key factor driving the use of maleic anhydride derivatives. The rise in disposable income, improved standards of living, strong economic conditions and growing population in China and South Korea are other factors contributing to market growth. Additives and copolymers are also gaining popularity in developing countries, and have high potential for deep market penetration. In addition, most maleic anhydride manufacturing companies are now shifting focus towards the Asia Pacific market and setting up new production plants. This would further the maleic anhydride market in this region.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY – 12207
USA – Canada Toll Free: 866-552-3453