Product
Maleic Anhydride Price Trend and Forecast
Maleic Anhydride Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Maleic Anhydride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Maleic Anhydride Price Trend for the First Half of 2023
Asia
Maleic Anhydride observed mixed price trends in the first half of 2023. The price trends closely depended on the market demands from downstream automobiles, polyester, plastics, chemicals, etc. industries and the costs of feedstocks butane and benzene. As the market started reviving in China, the fresh demands caused the market to incline continuously in the first quarter.
But as the inventories started rising (with excess supplies), the demands didn’t incline in the same manner, leading the Maleic Anhydride prices on a downward trajectory in the second quarter. In the Indian domestic market, the average Maleic Anhydride prices inclined by almost 5% in Q1 and started dipping around April’23. Overall, the market sentiments remained mixed.
Europe
The European Maleic Anhydride market also witnessed similar fluctuating trends as the Asian market. The prices inclined in the first quarter owing to growing feedstock prices and higher demands, whereas the second quarter witnessed a declining pattern since the stocks piled up.
North America
In the North American market, with high inflation and rising interest rates amidst the collapse of two major banks, consumer sentiment was affected severely. With feeble downstream demands, the Maleic Anhydride observed low swinging price trends throughout the first half of 2023.
Analyst Insight
According to Procurement Resource, the price trends for Maleic Anhydride are expected to remain fluctuating in the upcoming months since the downstream demands continue to be riddled with uncertainties amid the current economic scenario.
Procurement Resource provides latest prices of Maleic Anhydride. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customization of price currencies and unit; extraction of price data as excel files to be used offline.
About
Maleic Anhydride, a cyclic anhydride of maleic acid, is a white crystalline solid with an acrid odour, but remains liquid or gas during production. Two acid carbonyl groups and a double bond is present in its structure, which make it useful for broad industrial applications. It derives from natural malic acid. Maleic anhydride and maleic and fumaric acids were first prepared in the 1830s. However, their production at commercial scale did not begin until a century later.
Product Details
| Report Features | Details |
| Product Name | Maleic Anhydride |
| Industrial Uses | Manufacturing of unsaturated polyester resins (UPR), Bathroom fixtures, Automobiles, Tanks, Pipes, Spandex fibres, Thermoplastic polyurethanes, Artificial sweeteners and flavouring agents, Hair sprays, Adhesives and floor polishes |
| Chemical Formula | C4H2O3 |
| Synonyms | 108-31-6, cis-Butenedioic anhydride , 2,5-Furanedione , Maleic Acid Anhydride, Toxilic Anhydride |
| Molecular Weight | 98.06 g/mol |
| Supplier Database | Lanxess AG, Huntsman Corporation, MOL Group, Nippon Shokubai Co., Ltd |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Maleic Anhydride via Vapour-Phase Oxidation of N-Butane or Benzene
In both the routes, butane and benzene are fed into a stream of hot air, and they are passed through a catalyst bed at much higher temperatures. While vanadium pentoxide and molybdenum trioxide serve as a catalyst for the benzene route, vanadium phosphate is utilised for the butane route.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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