In the first half of 2023, the global Maleic Anhydride market experienced fluctuating price trends in different regions. In Asia, prices were influenced by market demand from various industries and the costs of feedstock like butane and benzene. Initially, China’s market showed a strong recovery, leading to price increases in the first quarter.
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However, excess supplies and stagnant demand in the second quarter caused prices to decline. In Europe, prices followed a similar pattern, rising in the first quarter and falling in the second due to stockpiling. In North America, low consumer sentiment and weak downstream demand resulted in consistently low prices. Overall, market sentiments were mixed in these regions.
Definition
Maleic Anhydride is a chemical compound widely used in various industries, including the production of resins, polymers, and coatings. It is a white, crystalline substance with a pungent odor, typically derived from butane or benzene. Maleic Anhydride is known for its ability to undergo polymerization, making it valuable in the creation of materials used in adhesives, plastics, and other industrial applications.
Key Details About the Maleic Anhydride Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Maleic Anhydride in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Maleic Anhydride Price Trends, including India Maleic Anhydride price, USA Maleic Anhydride price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Maleic Anhydride Price Trend:
Maleic Anhydride has several key industrial uses, primarily as a raw material for producing unsaturated polyester resins used in fiberglass-reinforced plastics, coatings, and composite materials. It’s also employed in the manufacturing of various chemical products, including agricultural chemicals, lubricating oil additives, and water treatment chemicals. Additionally, it finds application in pharmaceuticals and as a cross-linking agent for modifying polymers and enhancing their properties.
Key Players:
- Lanxess AG
- Huntsman Corporation
- MOL Group
- Nippon Shokubai Co., Ltd
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