As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Maleic anhydride is an essential ingredient in the production of unsaturated polyester resins (UPR), and its growing demand from the construction and automobile sector is driving the market for maleic anhydride. In addition, the utilisation of maleic anhydride in various end-use industries like the cosmetic industry for hair and skin care products is boosting the market growth of maleic anhydride. Furthermore, maleic anhydride and its derivatives are commonly used in the food and beverage industry as artificial sweeteners and flavour enhancements. With growing market demand for packed food owing to the busy lifestyle, as a result of a surge in working populations in developed and developing countries, the food and beverage industry is invigorating, subsequently enhancing the maleic anhydrate industry. Moreover, usage of maleic anhydride in the chemical industry for the production of detergents, water treating chemicals, and agricultural chemicals like insecticides and pesticides is aiding the market growth of the industry.
The healthy competition among the key players like Mitsubishi Chemical Corporation (TYO: 4188) and Huntsman International LLC is aiding the market growth. The latter company, Huntsman International LLC, offers top-quality maleic anhydrate to be used in various applications. The intermediate chemical product consists of raw materials like benzene or n-butane requiring critical handling. With expertise in the field, Huntsman International LLC offers maleic anhydride products in both solid (pastilles, briquettes, or flakes) and liquid forms. With years of experience in handling and storage of highly reactive maleic anhydride, the company has a large global supplier portfolio, which offers added value to its customers by reducing dependency on local or individual producers. In addition, the company offers different types of packaging based on customer needs. Thus, the expansion of market players in the global market for maleic anhydride is expected to augment the industry growth over the forecast period.
Market Analysis by Product Type, End Use Industry, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global maleic anhydride market are Huntsman International LLC, Shandong Hongxin Chemical Co. Ltd, Helm AG, Mitsubishi Chemical Corporation, and Ningbo Jiangning Chemical Co. Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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 1000 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.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*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.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.