Global Maleic Anhydride Industry: Huntsman expands its Maleic Anhydride Plant

Posted by Deeksha on November 25th, 2019

Maleic Anhydride has wide application as chemical product and is used in different applications including raisins, varnishes, polymers and paints. It is extensively used in many industries including construction, automotive, pharmaceutical, furniture and agriculture industry.  An intelligence report titled, “Global Maleic Anhydride Industry Outlook to 2023-Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.

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The global maleic anhydride capacity is expected to increase moderately in the coming years which will increase the current 3.20mtpa capacity to 3.43mtpa by the end of year 2023 owing to its expanded application. Many developments are going on in the global market. Many maleic Anhydride plants plan to come online in near future, especially in Middle East.

Major stakeholders are continuously expanding their market presence. Huntsman is planning a maleic Anhydride expansion project that will use Huntsman’s technology. This plant will perform various activities including design, cost estimation and procurement.

TASCO Chemical Corp. uses 3D technology

TASCO Chemical Corp. also expanded its production capacity of Maleic Anhydride at its plant in Kaohsiung, Taiwan. 3D digital technology will be used to efficiently manage space constraints and to produce intelligent operations and maintenance models that can also be employed in future. Bentley design software significantly reduces engineering hours allowing advance scheduling of construction activities. The advanced software used in the plant will serve three main purpose that include space management, constructability, and operations and management.

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A maleic Anhydride plant is planned in Middle East which will utilize Technobell’s technology. Technobell experts are supporting the plant operations management. Technobell introduced Technobell Advanced Reaction Control system with latest developments in Maleic Anhydride segment. Other major companies profiled in global maleic Anhydride market include Ibne Sina Petrochemical Co, I G Petrochemicals and Sibur Holding. These companies are looking forward to expand their capacities in future.

Global Maleic Anhydride industry: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the Global Maleic Anhydride industry. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global Maleic Anhydride industry. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on global Maleic Anhydride industry.

An insightful and deep-dive assessment of the competitive assessment of the Global Maleic Anhydride industry pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global Maleic Anhydride industry. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Global Maleic Anhydride industry: Research Methodology

Primary sources and secondary sources propel intelligence report on Global Maleic Anhydride industry that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.