An organic compound with the formula C2H2(CO)2O, maleic anhydride, is the acid anhydride of maleic acid. Maleic anhydride appears colourless or a white solid and has an unpleasant smell. It is produced via the oxidation of benzene or a C4 hydrocarbon-like butane in the existence of a vanadium oxide catalytic agent.
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The hydrolysis process converts Maleic anhydride into maleic acid and is transformed into esters by the alcoholysis process. Maleic anhydride is rich in reactivity and has high biodegradability, as maleic acid molecules have a double bond and two carbonyl groups. Maleic anhydride is a white crystalline solid at room temperature; however, it is a liquid or gas in production. It is manufactured industrially at a large volume to be used as an application in coatings and polymers.
China, Germany, the United States, and South Korea are the major exporters of maleic anhydride globally.
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 price 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 trend, 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 Maleic Anhydride Price Trend:
Maleic anhydride is an essential compound used for the production of several resins and plastics, agricultural and industrial chemicals, petroleum additives, paper sizing, water treatment chemicals, epoxy curing agents, artificial sweeteners, flavor enhancers, hair sprays, pharmaceuticals, and copolymers.
It is largely used in the production of unsaturated polyester resins. Unsaturated Polyester Resin, or UPR, is employed in making lighter, sturdier fiberglass combinations for boats, construction, wind turbine blades, automobiles, and several consumer products. In addition, saturated poly-ester resins are also predominantly utilised in numerous applications, hence making them a significant thermoplastics system.
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Another important application of maleic anhydride is lubricating oil additives. This compound is used in the manufacturing of lubricating oil and hydraulic fluids to improve the performance of lubricants by providing alkalinity, inert and dust control, emulsification, weathering inhibition, dispersal, shear steadiness, and low-temperature variability. Lubricating oils are utilised in gasoline and diesel engine crankcases to avoid diffusion and deterioration.
Key Players:
- Lanxess AG
- Huntsman Corporation
- MOL Group
- Nippon Shokubai Co., Ltd
News & Recent Development
January 19, 2023: Thirumalai Chemicals Limited, India, a subsidiary unit of TCL, plans to construct a new greenfield unit to produce maleic anhydride and fumaric acid in the United States. These two production facilities will produce and trade maleic anhydride using butane at a volume of 25,000 tonnes per year and 30,000 tonnes per year, respectively.
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