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Thursday, May 19, 2022

Global Maleic Anhydride Market To Be Driven By The Rising Demand For The Compound From The Food And Beverage Industry In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global
 Maleic Anhydride Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global maleic anhydride market, assessing the market based on its segments like product types, end user industries, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 5%

Maleic anhydride is a crucial ingredient in the production of fumaric acid. Hence, the increasing demand for fumaric acid in the food and beverage industry for the production of a variety of food items such as wheat and corn tortilla, rye bread, and fruit juice, among others, is anticipated to propel the market growth in the forecast period. The rising demand for maleic anhydride for the production of unsaturated polyester resin, which has a high demand in the building and construction industry is further bolstering the market in the forecast period. Geographically, the Asia Pacific region accounts for a significant share in the market owing to the strong foothold of major manufacturers in the region.

Industry Definition and Major Segments

Maleic anhydride is defined as an unsaturated compound, which is cyclic dicarboxylic in nature. The compound is obtained by removing all the water molecules from its structure. Maleic anhydride is a highly reactive chemical intermediate with a flash point of 218°F and is widely applied in the field of industrial chemistry. The main use of this compound is in the production of polyester resins, pesticides, and fumaric and tartaric acids.

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On the basis of product type, the market can be segmented into:

• Unsaturated Polyester Resin
• BDO (Butanediol)
• Lubricant Additives
• Maleic Anhydride Copolymers
• Malic Acid
• Furmaric Acid
• Alkyl Succinic Anhydrides
• Surfactants and Plasticisers
• Others

Based on end user industry, the market can be classified into:

• Construction
• Automobile
• Food and Beverage
• Oil Products
• Electronics
• Personal Care
• Pharmaceuticals
• Agriculture

The regional markets for maleic anhydride include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The key trends in the maleic anhydride market include the thriving construction sector in the emerging economies owing to the rapid urbanisation, increasing standards of living and rising population. In addition to this, the increasing demand for chemical intermediates in the agriculture industry for the manufacturing of high-quality protection chemicals is anticipated to be another major trend in the market. The technological advancements and growing R&D activities in the automotive, electronics, and pharmaceutical industry are anticipated to offer lucrative opportunities to the market in the forecast period. Hence, these trends are likely to catapult the demand for maleic anhydride in the coming years.

Key Market Players

The major players in the market are Huntsman International LLC, Shandong Hongxin Chemical Co. Ltd, Helm AG, Mitsubishi Chemical Corporation, and Ningbo Jiangning Chemical Co. Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1,000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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