PRZOOM - /newswire/ -
Limassol, Cyprus, 2007/05/29 - Producers of 1,4-butanediol exhibit increased interest in maleic anhydride (MA), which results in the higher growth of the demand for MA in this segment, Merchant Research & Consulting Ltd (UK) consulting agency says.
In general, demand for Maleic anhydride is governed by the economic situation in the country.
Thus, in 2001-2006, the average annual Maleic anhydride market growth rate was 2.8% in the USA and 3.5% in Western Europe, while in Japan it dropped by 1.4%. Global Maleic anhydride consumption grew by 6-7% a year to 1.5m mt/y in 2006. Current consumption growth rate slowed down a little.
Maleic anhydride is used for the production of unsaturated polyesters, 1,4-butanediol, polymeric materials, alkyd and polymeric resins, synthetic fibres, detergents, pharmaceuticals, fuel additives and stabilizers, fumaric and malic acids. It is widely applied in the preparation of certain agricultural chemicals. Polyester resins account for 50% of global Maleic anhydride market (63% in The Unated State of America).
Maleic anhydride market is mature, while the application areas of this chemical are well-formed and stable. However, the development of the new Maleic anhydride based products is under way, Merchant Research & Consulting Ltd (UK) consulting agency says.
In Russia, the demand for Maleic anhydride reaches around 10K mt/y.
Maleic anhydride is a basic chemical used in automotive, shipbuilding, paint and varnish, construction, agricultural chemistry and other industries.
The Maleic anhydride market research report also features the following information:
• Global Maleic anhydride market analysis;
• Maleic anhydride prices;
• Russian Maleic anhydride market analysis;
• Maleic anhydride uses;
• Major consumers of Maleic anhydride; etc.