A novel research report on Global Maleic Anhydride Market has been recently published by Reports and Data covering latest trends and key market developments during the forecast period from 2018 to 2027. The report offers an in-depth analysis of forecast insights, market size, emerging trends, revenue growth, top companies, growth factors, restraints and opportunities in the global Maleic Anhydride market. The report also offers an accurate analysis of competitive landscape, sales statistics and regional manufactures. The data has been extracted through extensive research and is further validated by professionals and experts in the industry. The report uses charts, graphs, tables and figures to visually reflect the statistical data collected and makes it easier for readers to understand the market situation. The report also provides insights of the top key companies operating the market.
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Further key findings from the report suggest
- By form, the solid form of maleic anhydride contributed to the largest market share in 2018 and is likely to grow at a rate of 5.8% in the forecast period.
- By application, unsaturated polyester resins accounted for the largest market share in 2018 and is expected to experience a growth rate of 6.0% in the forecast period. Unsaturated polyester resins find extensive usage in a variety of applications owing to their range of mechanical properties, low weight, and corrosion resistance. These resins are commonly used for coatings, clear casting resins, body fillers, buttons, work-surfaces (for example, polyester marble), polyester concrete (for applications comprising road drainage) and in the production of Gel Coats (used to enhance surfaced finish).
- By industry verticals, the automotive industry is likely to witness the fastest growth rate of 6.5% in the period 2019-2027. Maleic anhydride finds application in the automotive industry for the production of parts comprising body panels, bumper beams, sunroof frames, dashboard carriers, seat structures, catalytic converter heat shields, and battery supports, among others. Also, apart from weight reduction, automotive parts made from unsaturated polyester resins are used to reduce painting costs.
- Europe held the second-largest market share in 2018 and is likely to grow at a rate of 5.4% in the forecast period. The market demand in Europe is primarily owing to the growth of the construction and automotive industries in the region.
- Key participants 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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For the purpose of this report, Reports and Data have segmented the global maleic anhydride market on the basis of form, applications, industry vertical, and region:
Form Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Applications Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Unsaturated Polyester Resins
- 1, 4-Butanediol
Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Food Beverage
Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- North America
- Asia Pacific
- Latin America
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