Maleic anhydride price December 2024 and outlook (see chart below)
- North America:US$1.31/KG, -2.2% down
- Europe:US$1.55/KG, -1.9% down
- Northeast Asia:US$0.86/KG, -2.3% down
- Southeast Asia:US$1.39/KG, -2.1% down
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Maleic Anhydride price index
This post is a summary of the Maleic anhydride price developments. The price developments of Maleic anhydride are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Maleic anhydride price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Maleic anhydride prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Maleic anhydride prices
- Recent price developments of underlying feedstocks which drive the price of Maleic anhydride
- Market futures for both cost drives and feedstocks of Maleic anhydride prices
- Adjustment of current supply/demand imbalances in the Maleic anhydride market
- Longer term trends in likely demand conditions
Further information on Maleic Anhydride price index
Here is some further information
What is Maleic Anhydride
Maleic anhydride is a chemical compound with the formula C2H2(CO)2O. It is a highly reactive compound that is used as a starting material for the synthesis of a wide variety of chemicals, including polymers, plastics, and resins. It is also used as a crosslinking agent in the production of rubber.
Maleic anhydride is a colorless, crystalline solid that has a strong, pungent odor. It is highly reactive and can be harmful if ingested or inhaled. It is also an irritant to the skin and eyes, and it can cause respiratory problems if inhaled.
How is Maleic Anhydride produced
Maleic anhydride is produced by the oxidation of benzene or n-butane, or by the dehydration of maleic acid. It is used in the production of a variety of chemicals, including polymers, plastics, resins, and rubber. It is also used as a crosslinking agent in the production of rubber.
What is Maleic Anhydride used for
Maleic anhydride is a chemical compound that is used as a starting material for the synthesis of a wide variety of chemicals, including polymers, plastics, and resins. It is also used as a crosslinking agent in the production of rubber.
Some specific applications of maleic anhydride include:
Production of unsaturated polyester resins
Maleic anhydride is used to produce unsaturated polyester resins, which are used in a wide range of applications, including construction, automotive, marine, and recreational industries.
Production of plasticizers
Maleic anhydride is used to produce plasticizers, which are chemicals that are added to polymers to make them more flexible and easier to process.
Production of lubricants
Maleic anhydride is used to produce lubricants, which are used to reduce friction and wear in mechanical systems.
Production of surfactants
Maleic anhydride is used to produce surfactants, which are chemicals that are used to reduce the surface tension of liquids and improve their ability to wet surfaces.
Production of adhesives
Maleic anhydride is used to produce adhesives, which are used to bond materials together.
Production of dyes and pigments
Maleic anhydride is used to produce dyes and pigments, which are used to color a wide variety of products.
Production of pharmaceuticals
Maleic anhydride is used to produce a number of pharmaceuticals, including antifungal agents and anticancer drugs.
Crosslinking agent in rubber
Maleic anhydride is used as a crosslinking agent in the production of rubber, which improves the strength and durability of the final product.
What are specific properties of Maleic Anhydride
Maleic anhydride has several special properties that make it suitable for industrial use:
High reactivity
Maleic anhydride is a highly reactive compound and readily undergoes addition reactions with a variety of nucleophiles such as alcohols, amines, and unsaturated hydrocarbons. This property makes it useful in the production of a wide range of commercial products, including resins, coatings, and plastics.
Water solubility
Maleic anhydride is soluble in water, which makes it suitable for use in applications such as water treatment, where it is used as a scale and corrosion inhibitor.
Thermal stability
Maleic anhydride is thermally stable and can be used in high-temperature applications, such as the production of polyester resins, which are used in a range of industries including automotive, construction, and packaging.
Compatibility with other materials
Maleic anhydride is compatible with a variety of other materials, including polyethylene, polypropylene, and ethylene-vinyl acetate copolymers. This property makes it useful as a coupling agent in the production of composite materials and as an adhesion promoter in coatings and films.
Versatility
Maleic anhydride can be used in the production of a wide range of products, including unsaturated polyester resins, alkyd resins, agricultural chemicals, and lubricant additives. This versatility makes it an important raw material for many different industries.
What are the key cost drivers of Maleic anhydride
The cost of maleic anhydride is driven by a number of factors, including:
Feedstock prices
The primary feedstocks for maleic anhydride production are n-butane and benzene. Fluctuations in the prices of these feedstocks can have a significant impact on the cost of maleic anhydride.
Energy costs
The production of maleic anhydride requires a significant amount of energy. Fluctuations in energy prices can impact the cost of production and, in turn, the cost of maleic anhydride.
Transportation costs
Maleic anhydride is often transported long distances by truck, rail, or ship. Transportation costs, including fuel costs and shipping rates, can impact the final cost of the product.
How big is the global Maleic Anhydride market
The global maleic anhydride market size was valued at USD 3.52 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028, according to a report by Grand View Research. The market is driven by increasing demand from various end-use industries, including construction, automotive, and packaging. Maleic anhydride is a versatile chemical that is used in the production of a variety of commercial products, including resins, coatings, plastics, and agricultural chemicals.
According to https://oec.world/ :
Maleic anhydride are the world’s 2919th most traded product.
In 2020, the top exporters of Maleic anhydride were Germany ($68.3M), Chinese Taipei ($61.8M), United States ($55.8M), China ($54.9M), and South Korea ($39.9M).
In 2020, the top importers of Maleic anhydride were India ($50.3M), Turkey ($31.1M), France ($28.3M), Italy ($24.4M), and Germany ($23.6M).
Further reading
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