AP NEWS
Press release content from BusinessWire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from BusinessWire
Press release content from BusinessWire. The AP news staff was not involved in its creation.

Global Maleic Anhydride Market 2019-2023| Increasing Demand for Alkyd Resins Promotes Growth| Technavio

January 9, 2019

LONDON--(BUSINESS WIRE)--Jan 9, 2019--The global maleic anhydride market research report by forecasts the market to post a CAGR of more than 7% during the period 2019-2023.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190109005327/en/

Technavio has published a new market research report on the global maleic anhydride market from 2019-2023. (Graphic: Business Wire)

A key driver for the global maleic anhydride market is the increase in demand from developing countries. Strong contributions from developing economies such as India, China, Brazil, Mexico, and Indonesia have been contributing to the growth of the global maleic anhydride market. This has resulted in several maleic anhydride vendors shifting their manufacturing activities to these countries. In addition, factors such as easy availability of raw materials and land, low-cost labor, low transportation costs, and lenient government regulations and policies are augmenting market growth in the APAC region.

As per Technavio, the increase in demand for alkyd resins will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

This report is available at a USD 1,000 discount for a limited time only:

Global maleic anhydride market: Increase in demand for alkyd resins

Maleic anhydride is increasingly being used in the production of alkyd resins, which will boost market prospects during the forecast period. Alkyd resins are produced from the reaction of polybasic acids or anhydrides with polyhydric alcohols. The use of maleic anhydride as a partial replacement to phthalic anhydride helps in enhancing various characteristics of paint films such as their strength, durability, and weather resistance.

“Maleic anhydride enhances the condensation time of alkyd resins. It is used prior to the addition of phthalic anhydride as it forms links with the double bonds of vegetable oils. The formation of links helps in improving the stereo chemical structure to enhance the viscosity of resins in a short period of time. For instance, acrylate alkyd resin with a copolymer of maleic anhydride and n-butyl methacrylate provides quick drying time, adhesion, and resistance to scratch in various corrosive environments,” says a senior research analyst at Technavio.

Global maleic anhydride market: Segmentation analysis

This maleic anhydride market analysis report segments the market by application (unsaturated polyester resin (UPR), 1,4-BDO, additives, and others), raw material (benzene and n-butane), and geography (the Americas, APAC, and EMEA).

The UPR segment held the largest maleic anhydride market share in 2018, accounting for nearly 50% of the market. This application segment is expected to dominate the global market throughout the forecast period.

The APAC region led the market in 2018, followed by the Americas and EMEA respectively. The APAC region is expected to dominate the market throughout the period 2019-2023.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20190109005327/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/09/2019 05:30 AM/DISC: 01/09/2019 05:30 AM

http://www.businesswire.com/news/home/20190109005327/en