London, 13 April 2015 – Technavio has announced the publication of a new report on the Global Maleic Anhydride Market, which is expected to post a CAGR of 7.25 percent from 2015-2019.
About the Report:
According to the latest report by Technavio, growing demand for and adoption of unsaturated polyester resins in end-use industries like marine, automobile, infrastructure and construction are propelling the growth of this market.
“Favorable global economic conditions and increased economic activities in developing regions are fueling the demand for unsaturated polyester resins, which in turn contributes to market growth,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes the growing consumer preference for high-performance and sustainable products, which is expected to have a significant impact on market growth in the coming years. Similarly, consumers and manufacturers are realizing the importance of recyclability, biodegradability and sustainability and this trend towards greener tech is expected to open new growth prospects.
“Technological developments enable the use of renewables or replace one petroleum-based chemical with an environmentally friendly chemical, which is expected to drive the global demand for maleic anhydride,” says Ghaus.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Rise in demand for unsaturated polyester resins
- For a full detailed list, view our report.
Market Challenges:
- Volatility in raw material prices
- For a full detailed list, view our report.
Market Trends:
- Commercialization of bio-based maleic anhydride
- For a full detailed list, view our report.
Key Vendors:
- Ashland Inc.
- DSM NV
- Huntsman-Sasol
- Polynt
Other Prominent Vendors:
- Bartek Ingredients
- Compania Espanola de Petroleos
- Flint Hills Resources
- Fuso Chemical
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
