New York City, NY: Jun 25, 2019 – Published via (Wired Release) – Maleic anhydride is an organic compound with the formula C2H2(CO)2O. It is the acid anhydride of maleic acid. Maleic anhydride is a colorless white solid which has a pungent odor. Maleic anhydride is produced by vapor-phase oxidation of n-butane and is biodegradable under aerobic conditions in sewage sludge as well as in soil and water.
The global maleic anhydride market is expected to value at more than US$ 2.5 Bn in 2019, and is expected to register a CAGR of 6.6%.
Rising demand for unsaturated polyster (UPR), coupled with growing automobile and construction industries across global are factors expected to propel growth of the target market over the forecast period.
Growing food and pharmaceutical industries owing to rising population, changing consumer preferences, and food habits are among some of the other factors expected to drive revenue growth of the market. Furthermore, increasing adoption of maleic anhydride in water treatment chemicals, detergents, and insecticides are among some other factors expected to further support growth of the maleic anhydride market.
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Global Maleic Anhydride Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global maleic anhydride market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global maleic anhydride market is expected to expand at a moderate CAGR of 6.6% during the forecast period.
Global Maleic Anhydride Market: Segmental Snapshot
The market report has been segmented on the basis of raw material, application, and region. The raw material segment includes n-butane and benzene. By application segment includes unsaturated polyester, 1,4- butanediol, additives, and others. The region covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
By Raw Material: The n-butane segment accounted for highest revenue share contribution as compared to benzene, and is expected to register highest CAGR of over 6.5%.
By Application: The unsaturated polyester segment accounts for highest revenue share in the global market and is expected to register highest CAGR of over 6.8%.
By Region: The market in Asia Pacific accounted for highest revenue share in the global maleic anhydride market in 2018 and is expected to register a CAGR of over 7%.
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Global Maleic Anhydride Market: Competitive Analysis
The research report on the global maleic anhydride market includes profiles of some of major companies such as Huntsman International LLC, Ashland Inc., LANXESS AG, Mitsubishi Chemical Corporation, Merck KGaA, Flint Hills Resources, Polynt SpA, NIPPON SHOKUBAI CO., LTD., Bartek Ingredients Inc., and Royal DSM N.V.
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