#Maleic Anhydride Market

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Maleic Anhydride Market is poised to grow at a CAGR of 5% by 2027. Rising global demand for unsaturated polyester resin is driving the maleic anhydride market.

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Maleic Anhydride Market to 2032 | Regional Analysis and Forecast | ChemAnalyst

According to ChemAnalyst report, “Global Maleic Anhydride Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, The Maleic Anhydride market will likely experience a significant rise and reach approximately 3500 thousand tonnes in 2032, at an expected CAGR of 4.76% during the forecast period by 2032. The rising demand of Maleic Anhydride by Unsaturated Polyester Resin, 1,4-butandiol, Fumaric Acid, Lube Oil Additives, and Other end-use industries is expected to result in expansion of the Maleic Anhydride market in the forecast period.

The organic compound maleic anhydride has the chemical formula C2H2(CO)2O. This colourless-white compound is synthesized by conducting vapor-phase oxidation of n-butane along with vanadium-phosphorus oxide as a catalyst. Maleic anhydride is a popular choice of raw material for synthesizing resins and lubricative oils for industrial applications. It is one of the most extensively used chemical in applied chemistry.  Maleic Anhydride also finds application as a precursor or additive in lubricants and food additives. Maleic anhydride is used to produce various commodities such as epoxy hardening agents, paper sizing, copolymers, hair care products, pharmaceuticals, sugar substitutes, paints, coatings, insecticides, and detergents.

Read the full report here: https://www.chemanalyst.com/industry-report/maleic-anhydride-market-654

The Maleic Anhydride market globally is driven by its usage as a feedstock to produced industrially significant resins and polymers such as Unsaturated Polyester Resin. Unsaturated Polyester Resin Industry solely consumed approximately 50% of global Maleic Anhydride in 2021. Construction and transportation industries both use unsaturated polyester resin. Unsaturated polyester resins are mostly utilised for manufacturing cladding, tankers, pipelines, and bathroom accessories. This is likely to drive the global Maleic Anhydride market in the forecast period.

The global Maleic Anhydride market is segmented based on end-use, sales channel, and region. Based on demand, Asia Pacific dominates the global Maleic Anhydride market, making up approximately half of the global Maleic Anhydride market in 2021. The ongoing modernization, industrialization, and construction in response to the multiplying population are all expected to have an impact on the region's market. It is anticipated that Asia Pacific will continue to dominate the market in the forecast years as well. Moreover, a strong demand for Maleic Anhydride from emerging economies like China, India and Japan is likely to propel the market growth of Maleic Anhydride.

Based on end-uses, the Maleic Anhydride market is segregated into Unsaturated Polyester Resin, 1,4-butandiol, Fumaric Acid, Lube Oil Additives, and Others. Out of all these sectors, the Unsaturated Polyester Resin Industry is the biggest consumer. 1,4-butandiol and Lube Oil Additives are the other major consumers of Maleic Anhydride.

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“Global Maleic Anhydride Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, the significant players employed in the Maleic Anhydride market are Qixiang tengda chemical, Huntsman Corporation, BASF, Taiyuan Qiaoyou Chemical Industrial, Shanxi Qiaoyou Chemical Co., Ltd, Sasol-Huntsman GmbH & Co., Lanxess, and Ningbo Jiangning Chemical Co. Ltd.

“The surging demand for Maleic Anhydride to produce industrially significant compounds and resins, primarily the Unsaturated Polyester Resin which is utilized by the construction and automobile industry is anticipated to drive the Global Maleic Anhydride market in the forecast period until 2032. Furthermore, its demand from the Lube Oil Additives is also expected to further contribute to the Global Maleic Anhydride market in the forecast period. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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United States maleic anhydride market size is projected to exhibit a growth rate (CAGR) of 6.90% during ​2024-2032​. The increasing demand for unsaturated polyester resins in the construction and automotive sectors, expanding applications in copolymer synthesis, and rising use in agricultural chemicals, pharmaceuticals, adhesives, and bio-based production initiatives represent some of the key factors driving the market.

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Unsaturated Polyester Resin (UPR) Market: A Deep Dive into Trends, Challenges, and Opportunities

As an experienced industry expert in the Unsaturated Polyester Resin (UPR) market, I have witnessed substantial transformations and innovations that are driving the global market forward. The rise of environmental concerns, increasing demand from the construction and automotive sectors, and the push for sustainability are key factors shaping the trajectory of this dynamic industry. In this article, we will explore the nuances of the UPR market, with a focus on emerging trends, challenges, and opportunities that industry players need to be aware of.

What is Unsaturated Polyester Resin?

Unsaturated Polyester Resins (UPRs) are versatile polymers widely used in various industries for their superior mechanical, chemical, and thermal properties. UPRs are typically produced by the polycondensation of unsaturated acids (such as maleic anhydride) and glycols, which are then mixed with a vinyl group, such as styrene. This mixture gives UPRs their thermosetting characteristics, which allow them to cure into solid, durable materials.

UPRs have a broad range of applications, including:

Construction: Used in roofing, cladding, and fiberglass-reinforced plastics.

Automotive: Utilized in the production of lightweight composites for parts like body panels.

Marine: Leveraged in the construction of boat hulls due to its water-resistant properties.

Electrical and Electronics: Used for producing components that require high insulation and resistance to high temperatures.

With such diverse applications, UPRs are a critical component in multiple industries.

Market Overview and Growth Drivers

The global unsaturated polyester resin market is projected to grow significantly over the next decade, driven by several key factors:

Increased Demand for Lightweight Materials: The automotive and aerospace industries are prioritizing lightweight materials to improve fuel efficiency and reduce emissions. UPRs, especially in reinforced composites, provide a high strength-to-weight ratio, making them a preferred choice.

Growth in the Construction Industry: Developing countries, particularly in Asia-Pacific, are witnessing rapid urbanization, fueling the demand for construction materials. UPRs, which offer excellent strength, durability, and corrosion resistance, are increasingly used in infrastructure projects.

Sustainability and Green Building Initiatives: The global shift towards sustainability is influencing material choices in various industries. UPRs are being modified with bio-based materials to cater to the demand for environmentally friendly solutions. As governments impose stricter regulations on carbon emissions, UPRs' low volatile organic compounds (VOCs) and recyclability enhance their appeal.

Technological Advancements: Research and development (R&D) efforts are continually enhancing the properties of UPRs. Innovations such as faster curing times, improved mechanical properties, and better weather resistance are opening up new application areas.

Key Trends Impacting the Market

Bio-Based UPRs: The trend towards sustainability is pushing manufacturers to develop bio-based unsaturated polyester resins. These resins incorporate renewable resources like plant-based oils or recycled materials, reducing dependency on petrochemicals and lowering the carbon footprint.

Use in 3D Printing: The adoption of UPRs in additive manufacturing, particularly in 3D printing, is gaining traction. UPRs’ flexibility and customization potential make them an ideal material for producing prototypes, complex structures, and customized parts, especially in industries such as aerospace and healthcare.

Emergence of Low-Styrene UPRs: Styrene, a key component in conventional UPRs, is under scrutiny due to its impact on health and the environment. Manufacturers are now focusing on developing low-styrene and styrene-free UPRs, which not only comply with stringent regulations but also reduce occupational hazards.

Automation in Production: Automation is transforming the manufacturing landscape, including the UPR sector. Automated production systems enable faster production, higher accuracy, and reduced waste, ensuring cost-efficiency and scalability for manufacturers.

Challenges Facing the UPR Market

While the future of the UPR market is bright, several challenges must be addressed:

Raw Material Price Volatility: The production of UPRs relies on petrochemical derivatives, and fluctuations in crude oil prices can significantly impact manufacturing costs. This price volatility creates uncertainty for producers and consumers alike.

Environmental Regulations: Environmental concerns over the use of styrene and other hazardous chemicals in traditional UPR formulations are leading to stricter regulations. This puts pressure on manufacturers to innovate and develop safer, eco-friendly alternatives, which may come at higher costs.

Competition from Alternative Materials: Although UPRs have a strong position in the market, they face competition from other thermosetting resins such as epoxy and vinyl esters. These materials may offer superior properties in certain applications, prompting manufacturers to continually improve UPR formulations to maintain market share.

Opportunities for Growth

Despite these challenges, the UPR market presents numerous opportunities:

Expansion into Emerging Markets: Asia-Pacific, Latin America, and the Middle East are witnessing rapid industrialization and urbanization. This, combined with government investments in infrastructure, makes these regions prime markets for UPR-based materials.

Increased Adoption of UPRs in Renewable Energy: The wind energy sector, in particular, is a significant growth area for UPRs. These resins are used in the production of wind turbine blades due to their high strength and light weight. As the global push for renewable energy intensifies, so will the demand for UPRs in this sector.

Development of High-Performance UPRs: Innovations in nanotechnology and hybrid materials are paving the way for the next generation of high-performance UPRs. These materials will offer superior mechanical properties, thermal stability, and corrosion resistance, expanding their use in demanding applications such as oil and gas pipelines and aerospace components.

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The unsaturated polyester resin market is poised for significant growth, driven by rising demand from key industries and the push for sustainable, high-performance materials. Industry experts must stay ahead of trends like bio-based UPRs, automation, and environmental compliance to capitalize on emerging opportunities. By focusing on innovation and addressing challenges, the UPR market will continue to thrive as a cornerstone of modern industrial applications

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Maleic Anhydride Market Size, Share Trends and Price Report

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Styrene Maleic Anhydride Market to be Worth US$ 5.0 Billion by 2034

The global styrene maleic anhydride market stood at US$ 3.5 billion in 2023, and the global market is projected to reach US$ 5 billion in 2034. The international styrene maleic anhydride market is anticipated to expand at a CAGR of 3.5% between 2024 and 2034.

The global styrene maleic anhydride (SMA) market is witnessing robust growth, driven by its extensive applications across various industries and the rising demand for advanced materials. SMA, a versatile copolymer, is prized for its excellent adhesion properties, thermal stability, and chemical resistance, making it a preferred choice in numerous applications.

One of the primary drivers of the SMA market is its increasing adoption in the automotive and construction industries. In automotive applications, SMA is used in the production of structural parts, coatings, and adhesives due to its durability and performance under stress.

The construction sector similarly benefits from SMA's properties, employing it in sealants, coatings, and composite materials that enhance the longevity and strength of buildings and infrastructure.

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Another significant factor propelling the SMA market is the burgeoning battery manufacturing sector. SMA is used in the production of advanced battery components, which are critical for the performance and lifespan of modern batteries. The rise in electric vehicle (EV) adoption and the expansion of renewable energy storage solutions are fueling investment in battery technology, consequently driving the demand for SMA.

Moreover, the packaging industry contributes to the market's growth. SMA is utilized in various packaging materials due to its excellent barrier properties and compatibility with different substrates. As the demand for sustainable and high-performance packaging solutions increases, so does the use of SMA.

Geographically, the Asia-Pacific��region dominates the global SMA market. Countries such as China, India, and Japan are experiencing rapid industrialization and urbanization, leading to increased demand for SMA in construction, automotive, and electronics applications. Additionally, these countries are major hubs for battery manufacturing, further boosting the market.

Key Takeaways of Market Report

Global styrene maleic anhydride market to generate absolute dollar opportunity worth US$ 5 billion until 2034.

Global styrene maleic anhydride market is valued at US$ 3.5 billion in 2023.

Asia Pacific is forecasted to hold the largest share in 2023.

Styrene Maleic Anhydride Market: Key Players

In 2023, INEOS introduced a novel range of SMA copolymers with enhanced thermal stability and mechanical properties. This advancement addressed the growing demand for high-performance SMA materials in industries such as automotive, construction, and electronics, further consolidating INEOS's position as a leading provider of specialty chemicals.

In 2023, Aurorium contributed to the SMA market with the development of an innovative SMA-based compatibilizer specifically designed for lithium-ion battery manufacturing.

This new compatibilizer improved the performance and durability of battery materials, meeting the increasing demand for reliable energy storage solutions in applications ranging from portable electronics to electric vehicles. Aurorium's breakthrough technology positioned them as a key player in the evolving landscape of sustainable battery technologies.

Styrene Maleic Anhydride Market: Segmentation

By Type

Alternate SMA

Random SMA

By Application

Polymer Modification

Resin Modification

Chemical Intermediates

Surface Sizing Agents

Compatibilizers

Others

By End-use Industry

Automotive

Chemicals

Building & Construction

Others

By Region

North America

Europe

Asia Pacific

Middle East & Africa

Latin America

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[neha24blog]

Maleic Anhydride Market Outlook By Application, Region And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 20 Aug 2024: The Report Maleic Anhydride Market Size, Share & Trends Analysis Report By Application (Unsaturated Polyester Resins, Copolymers, Additives), By Region (Asia Pacific, North America, Europe), And Segment Forecasts, 2024 – 2030 The global maleic anhydride market size is expected to reach USD 5,863.1 million by 2030, registering a CAGR of 4.2% over the forecast period,…

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Crotonaldehyde: An Aldehyde Produced as a Byproduct of Industrial Processes

What is Crotonaldehyde? Crotonic aldehyde, also known as 2-butenal, is an organic compound that is classified as an α,β-unsaturated aldehyde. It is a colorless liquid with a pungent odor. Chemically, Crotonic aldehyde contains both an aldehyde and α,β-unsaturated functional groups which contribute to its reactivity profile. Sources and Production Crotonic aldehyde is produced industrially as a byproduct during various chemical manufacturing processes. One of the major industrial sources is during the catalytic oxidation of butadiene to produce acrylic acid. Crotonic aldehyde is formed as an intermediate product during this reaction. It is also found in trace amounts in the production of maleic anhydride from benzene or butane. Other sources include the pyrolysis of biomass and degradation of certain plant-derived terpenoids. Crotonic aldehyde levels may increase during the storage or cooking of fats and oils subjected to high heat. Uses Despite its toxicity, Crotonaldehyde does have some commercial applications due to its reactive aldehyde and α,β-unsaturated groups. It is used to produce crotonic acid, which in turn is used to make resins, plasticizers, and cross-linking agents. The aldehyde functionality allows it to react with amines to form Schiff bases, which find use as dyes and pigments. Crotonic aldehyde is sometimes used as a cross-linking agent in the production of lacquers and surface coatings. It can also react with alcohols to produce esters. Crotonaldehyde Toxicity Crotonic aldehyde is a highly reactive and toxic compound. Exposure to it can occur through inhalation, ingestion, or dermal contact. When inhaled, it is readily absorbed through the lungs into systemic circulation. Crotonic aldehyde is classified as a possible human carcinogen by various regulatory agencies due to evidence of carcinogenic effects seen in animal studies. Acute effects of exposure may include irritation of the eyes, nose, throat, and lungs. Higher level exposures can cause pulmonary edema. Skin contact can lead to dermatitis. Ingestion of Crotonic aldehyde may cause nausea, vomiting, and diarrhea. It is also neurotoxic and high doses have resulted in tremors, seizures, and respiratory failure in humans. The toxicity of Crotonic aldehyde stems from its ability to react with and damage nucleophilic biomolecules like proteins and DNA. As an α,β-unsaturated aldehyde, it undergoesMichael addition readily with nucleophiles such as thiols and amines present in proteins and nucleic acids. This covalent binding interferes with normal biological functions and can induce mutagenicity. Crotonic aldehyde is both genotoxic and causes chromosomal aberrations, contributing to its carcinogenic activity. Get more insights on Crotonaldehyde

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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Malic Acid Prices | Pricing | Trend | News | Database | Chart | Forecast

 Malic Acid, a naturally occurring organic compound, plays a vital role in various industries, including food and beverage, pharmaceuticals, and cosmetics. Its versatility and multifunctional properties make it a valuable ingredient for enhancing flavor, preserving freshness, and contributing to the overall quality of products. Over the years, the pricing of malic acid has shown fluctuations influenced by multiple factors, including raw material costs, production methods, market demand, and global economic conditions. Understanding the current malic acid prices requires a comprehensive look at these dynamics.

The production of malic acid typically involves the fermentation of natural substrates or the chemical synthesis of maleic anhydride. The fermentation process often utilizes renewable resources, making it an environmentally friendly choice, but it can also be more costly and time-consuming. Conversely, chemical synthesis, while more efficient, may depend heavily on the availability and price of maleic anhydride, which is subject to market volatility. Consequently, changes in the cost of raw materials directly impact malic acid pricing. When raw material prices rise due to supply chain disruptions or increased demand in other sectors, manufacturers often pass these costs onto consumers, resulting in higher malic acid prices.

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Moreover, the global demand for malic acid has been on the rise, particularly in the food and beverage industry. As consumers increasingly seek out healthier, more natural ingredients, malic acid has gained popularity as a flavor enhancer and acidulant. This growing demand has led to increased production efforts, which, while initially ramping up supply, can eventually create pressures that drive prices higher if demand continues to outstrip available quantities. Additionally, the rise in interest for plant-based and clean-label products has further solidified malic acid's role as a crucial ingredient, thus contributing to its market value.

Another significant factor affecting malic acid prices is the influence of geographical markets. Regions with established manufacturing capabilities and access to raw materials tend to have more stable pricing. For instance, North America and Europe are notable centers for malic acid production, benefiting from advanced technology and efficient logistics. However, regions with limited production facilities or high transportation costs may experience price surges, creating discrepancies in pricing across different markets. As companies increasingly operate on a global scale, understanding these geographical variations becomes essential for businesses looking to source malic acid competitively.

In addition to production costs and market demand, regulatory frameworks and industry standards play an integral role in shaping malic acid prices. Various regions impose different regulations regarding food additives and safety standards, which can lead to increased production costs for manufacturers. Compliance with these regulations may necessitate additional testing, quality assurance processes, or modifications in production methods, all of which contribute to the overall pricing structure. Companies that invest in meeting these standards may find themselves incurring higher costs, which can ultimately be reflected in the price of malic acid for consumers.

The economic climate also significantly impacts malic acid prices. Factors such as inflation, currency fluctuations, and geopolitical tensions can create uncertainty in the market. For instance, during periods of economic downturn, demand for non-essential products may decline, leading to lower malic acid consumption. Conversely, in a thriving economy, increased spending on food, beverages, and personal care products can elevate demand for malic acid, driving prices upward. Market analysts often closely monitor these economic indicators to predict future pricing trends, enabling businesses to make informed purchasing decisions.

Emerging trends in sustainability and consumer preferences are also beginning to influence malic acid pricing. With a growing emphasis on eco-friendly practices, manufacturers are exploring alternative production methods that minimize environmental impact. This shift towards sustainability can entail higher initial investment costs, which may be reflected in malic acid prices. However, as technology advances and production methods become more efficient, it’s possible that prices could stabilize or even decrease in the long run. Consumers are increasingly willing to pay a premium for sustainably sourced ingredients, which may help offset some of the costs for manufacturers, creating a potential balance in the pricing structure.

As the malic acid market continues to evolve, companies must remain vigilant and adaptable to the myriad factors influencing pricing. Keeping an eye on raw material trends, production innovations, regulatory changes, and consumer preferences can provide valuable insights into future price movements. In this dynamic landscape, strategic sourcing and effective supply chain management become crucial for businesses aiming to maintain profitability while offering competitive prices to their customers. Ultimately, understanding the complexities of malic acid pricing is essential for anyone involved in industries where this compound plays a key role, enabling them to navigate the market successfully and make informed decisions that align with both their operational goals and consumer demands.

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Polyisobutenyl Succinic Anhydride (PIBSA), Global Market Size Forecast, Top 14 Companies Rank and Market Share

Polyisobutenyl Succinic Anhydride (PIBSA) Market Summary

Polyisobutenyl succinic anhydride (PIBSA) is lubricant additive intermediate which can further react to provide functional and performance products used in the oil, fuel, lubes, mining, coatings, personal care, pigments, dyes and polymers sectors. It can be prepared by the reaction of polyalkenes, generally polyisobutene, with maleic anhydride.

Figure.   Polyisobutenyl Succinic Anhydride (PIBSA) Product Picture

According to the new market research report “Global Polyisobutenyl Succinic Anhydride (PIBSA) Market Report 2024-2030”, published by QYResearch, the global Polyisobutenyl Succinic Anhydride (PIBSA) market size is projected to reach USD 1.35 billion by 2030, at a CAGR of 5.2% during the forecast period.

Figure.   Global Polyisobutenyl Succinic Anhydride (PIBSA) Market Size (US$ Million), 2019-2030

Figure.   Global Polyisobutenyl Succinic Anhydride (PIBSA) Top 14 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

According to QYResearch Top Players Research Center, the global key manufacturers of Polyisobutenyl Succinic Anhydride (PIBSA) include Lubrizol, Infineum, Chevron, Orica, Clariant, Nelson Brothers, Dover Chemical, MOL-LUB, Italmatch Chemicals, King Explorer, etc. In 2023, the global top 10 players had a share approximately 77.0% in terms of revenue.

About The Authors

Yin Hang

Lead Author

Email: yinhang@qyresearch.com

Tel: +86-18310165532

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

[aarunresearcher]

United States maleic anhydride market size is projected to exhibit a growth rate (CAGR) of 6.90% during ​2024-2032​.