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.
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.
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 Prices, 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.
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.
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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