Global Maleic Anhydride Demand is Expected to Reach USD 5.96 Billion by 2018: Transparency Market Research

Global Maleic Anhydride Demand is Expected to Reach USD 5.96 Billion by 2018:
                         Transparency Market Research

  PR Newswire

  ALBANY, New York, September 30, 2013

ALBANY, New York, September 30, 2013 /PRNewswire/ --

Transparency Market Research has released a new market report titled " Maleic
Anhydride Market For Unsaturated Polyester Resins (UPR), 1, 4 - Butanediol
(BDO), Additives (Lubricants & Oil), Copolymers and Other Applications -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012  - 
2018, " which observes that global maleic anhydride demand was worth USD 4.11
billion in 2012 and is expected to reach USD 5.96 billion by 2018, growing at
a CAGR of 6.4% from 2012 to 2018. Global volumes are expected to reach 2,752.4
kilo tons by 2018.

Browse the full report with complete TOC at 
http://www.transparencymarketresearch.com/maleic-anhydride-market.html

Unsaturated polyester resin was the largest end use market for maleic
anhydride in 2012. However, the demand is strongest in BDO market due to the
growing use in the production of elastic fibers, plant protection,
thermoplastic polyurethanes, coatings, solvents, pharmaceuticals, and
electronic chemicals. Increasing demand for maleic anhydride has triggered
capacity expansion by companies mainly in Europe and Asia Pacific. Continuous
rise in raw material prices has increased the production cost thus bringing
maleic anhydride prices under pressure. However, continuous efforts on
research and development are expected to provide huge market opportunities
such as bio-based maleic anhydride to the industry participants.

Key application segments analyzed in this study include unsaturated polyester
resins, BDO, additives (lubricants and oil), and copolymers. Unsaturated
polyester resins dominate the maleic anhydride consumption, accounted for
49.3% of the total consumption in 2012 and expected to grow at a CAGR of 5.3%
from 2012 to 2018. The demand for unsaturated polyester resins was primarily
driven by the increasing demand for general construction, pipes and ducts,
corrosion resistant tanks, paints and coatings, bathroom fixtures and
fiberglass reinforced plastics. BDO accounted for 19.3% share of the market
volume in 2012.

Asia Pacific dominated the global market for maleic anhydride in 2012. With
over 52% global market share in terms of both volume and revenue, Asia Pacific
is the leading consumer of maleic anhydride. North America and Europe together
accounted for over 30% of total volume share in 2012. The global maleic
anhydride market has witnessed significant capacity addition during the recent
past. Asia Pacific is lucrative market for new plant establishments and
capacity expansions.

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The global market for maleic anhydride is highly fragmented with top seven
companies accounting for approximately 30% of the total market. Huntsman
Corporation, Lanxess AG, Polynt SpA, Flint Hills Resources, Ashland Chemical
Co, DSM N.V., Nippon Shokubai Co Ltd and others are some of the major
manufacturers of maleic anhydride.

Maleic Anhydride Market: Application Analysis

  *Unsaturated polyester resins
  *1, 4-Butanediol
  *Additives (Lubricants and oil)
  *Copolymers
  *Others (Tris(3-(2-hydroxybenzophenone) propyl) Amine, alkyd resins, etc.)

Maleic Anhydride Market: Regional Analysis

  *North America
  *Europe
  *Asia-Pacific
  *Rest of the World (RoW)

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http://www.transparencymarketresearch.com/chemical-market-reports-2.html

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