123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Maleic Anhydride Market2014 Share And Growth Opportunity : Type, Application, Companies And More

Profile Picture
By Author: Abhijeet More
Total Articles: 17
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The global Maleic Anhydride (MAN) market has shown moderate growth rates largely driven by rising demand from different end-use industries and from countries like in China, India and other Asia-Pacific countries (especially South East Asia). Historically, the economically mature regions like North America and Western Europe have witnessed below-average growth rates and will continue to lose their demand market share to Asia-Pacific countries like China and India. At the same time, Central &Eastern European demand likely to grow at a higher rate of about 4.4% in the long term forecast albeit from a low base. The Central & South American region is forecast to grow at CAGR of around 3.5% till 2025; however, it will completely depend on how South American countries like Venezuela are able to cope up with the regional political uncertainties, inflation, and other economic problems and the economic recovery of Brazil. The Middle Eastern &African markets, starting from a very small base, have seen the highest growth rates, and are expected to grow at an annual average of 7.0% making the region witnessing some of the highest CAGR at a global level.

The average historical utilization rates of Maleic Anhydride together have been in the range of 56.2% from 2014 to 2018. On an average 144 kilo tons of capacities have been added annually to meet the global Maleic Anhydride (MAN) demand. During 2014 – 2018, around 530 kilo tons of capacities have been added in Asia-Pacific countries of which 495 kilo tons was alone added in China. The other region that added a new Maleic Anhydride plant was the Middle East region where around 45 kilo tons of MAN capacity was added in 2018. Further additions are most likely to occur in Iran and Russia. Some speculatives can also be added in Asian countries like India as a measure to decrease import dependency. Overall, the MAN capacity is estimated to be around 3852.5 kilo tons by 2022 and an estimate 3862.5 kilo tons by 2025. The USA and the Middle East has the advantage of low-cost feed stock while in China it is the move towards minimizing the export dependency by increasing operating rates and also on account of a lower cost of production from coal. Historically, the USA has seen a growth in the petrochemicals industry due to shale gas reserves.

At a global level, Maleic Anhydride market has witnessed significant changes. With the emergence of new regions and the increase in exports, the new regions like the Middle East & Africa are playing key roles. The traditionally dominant markets are experiencing slow growth in terms of both demand and production. Countries like China are expected to drive the regional as well as global Maleic Anhydride (MAN) market. This is expected to make China the key market with some major changes expected in the trade pattern.

FOR MORE REPORT:-https://prismaneconsulting.com/reports

Total Views: 22Word Count: 472See All articles From Author

Add Comment

Business Articles

1. Strategic Technology Trends In The Oled Display Market
Author: Lucintel LLC

2. What Is Ecommerce Marketing?
Author: Dinu Das

3. How To Know Bing Ads Are Worth Your Time And Investment
Author: Roi Sutra

4. Selecting A Traditional Cuckoo Clock
Author: Bob Ellis

5. Dimethyl Carbonate Market Size, Share, Growth | Covid -19 Impact Analysis, Demand And Forecast 2023
Author: Unknown Member

6. You Can Now Buy Exhibition Display Stands Online
Author: Graham Stewart

7. Ppc And Seo Are Better When Used Together; Know Why
Author: Vincees

8. Benzalkonium Chloride Market Size | Uses, Price, Growth, Key Players, Development Strategy, Sales Re
Author: mrfr

9. Classification Of Offshore Company Incorporation
Author: Harry Crane

10. Michael Malcolm Walker Asic Find To The Best Managed Foreign Exchange Trading Accounts
Author: Michael Malcolm Walker ASIC

11. Strategies To Help In Reducing The Cost Of Your App Development
Author: Aakriti Gupta

12. China Bearings Market (2019-2025)
Author: 6Wresearch

13. Strategic Technology Trends In The Occupancy Sensor Market
Author: Lucintel LLC

14. What Is The Importance Of Delivery Service In These Times
Author: Gabriel Gould

15. How To Manage The Safety Of Your Event By Hiring Professionals
Author: Logan Hartley

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: