The worldwide maleic anhydride market was estimated at about USD 4 billion in 2012. It is expected to witness about 6 percent CAGR through the projected phase. This phase lasts from 2012 to 2018. The market is anticipated to witness a revenue size worth about USD 6 billion by 2018. The volume of the maleic anhydride market is likely to be estimated at around 2, 752 tons by 2018.
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Maleic anhydride is a macrobiotic composite and has a formula of C2H2(CO)2O. It is neutral and has a bad smell. It is present in white crystalline flakes form and is manufactured on a commercial basis by making benzene orbutane react with oxygen. Maleic anhydride is broadly utilized in the generation of unsaturated polyester resins. The maleic anhydride market is analyzed on the basis of two categories. These include applications and geographical regions. On the basis of applications, the market is segmented into additives, unsaturated polyester resins, 1,4-butanediol, copolymers and others. Unsaturated polyester resins leaded the maleic anhydride market in 2012. They occupied more than 49 percent of the entire market. Maleic anhydride is also used widely as a chemical intermediary in different manufacturing practices. The various geographical regions of the worldwide market include Asia Pacific, Europe, North America and rest of the world. Asia Pacific leaded the maleic anhydride market in 2012 with regard to total volume consumed. It occupied around 55 percent share. Developing nations are significant markets of the subsidiaries of this composite. The expanding industry of automotives in developing regions is anticipated to drive demand for these subsidiaries. Improved living standards and enhanced fiscal conditions are estimated to improve maleic anhydride market conditions in the future. Also, growing disposable income and increasing population in some countries of Asia Pacific are predicted to expand the maleic anhydride market further.
Information Source: Grand View Research