Maleic Anhydride Market is Expected to Reach USD 5.96 Billion by 2018: Transparency Market Research
Transparency Market Research has added new "Maleic Anhydride Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018" market research report to its report store. To browse the report with request TOC, visit http://www.transparencymarketresearch.com/maleic-anhydride-market.html.
Albany, NY (PRWEB) October 22, 2013
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 the 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.
The global maleic anhydride market has witnessed high growth in capacity expansions over the last few years. Europe and Asia Pacific dominated the global maleic anhydride market with over 70% share in total consumption. The maleic anhydride market report by Transparency Market Research provides comprehensive analysis of the maleic anhydride industry in the context of the global market as well as regional market.
Related Report: Butanediol Market
This study analyzes and interprets key market dynamics for maleic anhydride including drivers, restraints, opportunities and their impact on the industry. This report segments the market on the regional and application level as well as provides estimates and forecasts for all applications in each region. The study provides in-depth analysis of maleic anhydride market from demand perspective, along with market estimates and forecast from 2012 to 2018, in terms of both volumes and revenues.
The report also provide a detailed value chain analysis of maleic anhydride, and Porter’s five forces model to pinpoint the pros and cons of various factors influencing the maleic anhydride industry. This helps various market participants such as substitutes, suppliers of raw materials, potential new entrants and buyers in their strategy making process. The report also presents a comprehensive assessment of various drivers and restraints of the maleic anhydride market.
For the original version on PRWeb visit: http://www.prweb.com/releases/2013/10/prweb11255992.htm