LONDON, May 9, 2016 /PRNewswire/ -- "Increased use of n-butane to produce maleic anhydride in various applications"
The maleic anhydride market size is expected to reach USD 5.08 billion by 2020, registering a CAGR of 6.8% between 2015 and 2020. Maleic anhydride acts as a chemical intermediate in various industrial processes. It is conventionally produced by the oxidation of aromatic compounds including n-butane or benzene. N-Butane is the commonly used raw material for the production of maleic anhydride. The use of benzene to produce maleic anhydride has decreased considerably due to governmental regulations and other reasons such as high production cost, complex operation, and costly process control. Thus, the n-butane-based maleic anhydride is being used by industries on a large scale.
"UPR application to dominate the market"
The UPR application led the global maleic anhydride market in 2014. UPR is also projected to register the highest growth rate between 2015 and 2020. The rapid growth of the automotive industry, especially, in Asia-Pacific is driving the growth of the UPR application in the maleic anhydride market.
"Asia-Pacific projected to be fastest-growing market during the forecast period"
Asia-Pacific is projected to be the largest as well as the fastest-growing market for maleic anhydride in the world. The increase in disposable income of people and industrial growth in the Asia-Pacific region led to the increasing demand of automobiles. As a result, there has been a consistent rise in number of vehicles in the region over the past decade, which is ultimately fueling the demand for the maleic anhydride derivatives the region. Additionally, the presence of key market players in the region drives the maleic anhydride market in the region.
Break-up of profile of primary interviewees for the report
- By Company Type – Tier 1–31%, Tier 2–36%, and Tier 3–33%
- By Designation – C Level– 37%, Director Level–33%, Others–30%
- By Region – North America–28%, Europe–29%, Asia-Pacific–23%, and RoW–20%
Some of the major companies profiled in this report are Huntsman International LLC. (U.S.), Changzhou Yabang Chemical Co. Ltd. (China), Zibo Qixiang Tengda Chemical (China), Ningbo Jiangning Chemical (China), Lanxess AG (U.S.), Polynt (Italy), Thirumalai Chemicals Ltd. (India), Ashland Inc. (U.S.), Flint Hills Resources (U.S.), Nippon Shokubai Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), Bartek Ingredients Inc. (Japan), Bluestar Harbin Petrochemical Corp (China), and others.
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- Porter's Five Forces Analysis
- Value Chain Analysis
- Market Segmentation (Raw Material, Application, and Region), by Volume and Value
- Competitor Analysis
- Detailed Information on Strategic Developments in the Industry
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