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Global Maleic Anhydride Adhesion Promoters Market InsightDecember 29, 2021 Comments
The maleic anhydride adhesion promoters is forecast to steady increase over the next four years. According to the World Knowledge Information (WKI) “Global Maleic Anhydride Adhesion Promoters Professional Survey Report 2021, Forecast to 2026”, The rapid growth of the growing automotive industry, construction and wind energy industry in the Asia Pacific region is expected to drive the maleic anhydride adhesion promoters market during the forecast period.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 4.52% base on WKI regression analysis model.
“From the current industry situation, the maleic anhydride adhesion promoters market is scattered, the industry concentration is low, and the industry access threshold is low. Enterprises in the investment wait-and-see period can seize the opportunity.” said Selena, Senior analyst, Chemical & Material Market Research Center in WKI.
Unsaturated polyester resin (UPR) is used as the main raw material to produce lighter and stronger glass fiber. In the automotive and marine industries, the demand for lighter and more fuel-efficient materials is driving the demand for lighter and stronger glass fiber composites and promoting the expansion of the market scale of maleic anhydride adhesion promoters. In addition, with the development of coating and polymer industry, the demand for 1,4 BDO and UPR is also increasing. The increasing demand for these two components in large-scale production of coatings and polymers has promoted the development of maleic anhydride adhesion promoters market.
Despite its strong performance in the global market, maleic anhydride adhesion promoters manufacturers may face more restrictions in the coming years than ever before. The surge in demand for alternatives to petroleum based maleic anhydride, such as bio based chemicals, may seriously hinder the maleic anhydride adhesion promoters market. In addition, crude oil price fluctuations will also limit market growth to a certain extent.
The main market participants operating in the global maleic anhydride adhesion promoters market are Huntsman International LLC (US), Polynt-Reichhold Group (Italy), Nippon Shokubai Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), LANXESS (Germany), Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL) (Bosnia & Herzegovina), MOL Plc (Hungary) and others.
Segmentation of Maleic Anhydride Adhesion Promoters Market:
According to raw materials,maleic anhydride adhesion promoters market can be divided into n-butane, benzene and others. It is expected that in the forecast period, n-butane maleic anhydride will lead the global maleic anhydride market, followed by benzene maleic anhydride. Compared with benzene, n-butyl maleic anhydride leads the market because of its low production cost and environmental advantages. According to the application, the market of maleic anhydride adhesion promoters can be divided into unsaturated polyester resin (UPR), 1,4-butanediol (1,4-bdo), lubricating oil additives, copolymers and others. It is expected that UPR will lead the global maleic anhydride adhesion promoters market in the forecast period, followed by 1,4-bdo and lubricating oil additives. Because of its high-strength fiber-based properties and easy access, it is more and more suitable in various vertical industries. In addition, the growing demand for pipelines and storage tanks for chemical storage is also a key factor leading to the increase of UPR demand, which promotes the development of this market segment and the expansion of the overall market scale of maleic anhydride adhesion promoters.
Maleic Anhydride Adhesion Promoters Market: Regional Analysis
In terms of geography, the global maleic anhydride adhesion promoters market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific region accounts for more than half of the global consumption and is the largest market for maleic anhydride adhesion promoters. Driven by the expansion of automobile industry in emerging economies such as China, South Korea and India, the demand for maleic anhydride adhesion promoters has shown continuous growth in recent years. In addition, the improvement of living standards, rapid economic growth, increasing disposable income and population growth in China and India will also promote the growth of maleic anhydride adhesion promoters market in the near future.
Largest share area：Asia-Pacific
Largest share country：China