(1888PressRelease)
May 12, 2007 - In general, demand for MA is governed by the economic situation in the country. Thus, in 2001-2006, the average annual MA market growth rate was 2.8% in the USA and 3.5% in Western Europe, while in Japan it dropped by 1.4%. Global MA 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 MA (63% in the USA).
MA market is mature, while the application areas of this chemical are well-formed and stable. However, the development of the new MA_based products is under way.
In Russia, the demand for MA reaches around 10K mt/y.
MA is a basic chemical used in automotive, shipbuilding, paint and varnish, construction, agricultural chemistry and other industries.
This market research report also features the following information:
Global MA market analysis;
MA prices;
Russian MA market analysis;
MA uses;
Major consumers of MA;
etc.
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