Seattle, WA -- (SBWIRE) -- 10/07/2019 -- Maleic Acid Market report provides the statistical analysis of "Maleic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, Outlook and Forecasts 2019- 2027" present in the industry space. The report helps the user to strengthen decisive power to plan their strategic moves to launch or expand their businesses by offering them a clear picture of this market.

Maleic Acid Market report provides key statistics on the market status of the Maleic Acid manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. The report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market.

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Maleic acid is an organic compound used in making polyesters for fiber-reinforced laminated moldings and paint vehicles. It is found naturally in sour cherries, cacao, corn, ginseng, and tobacco leaves. It is soluble in water and alcohol. Maleic acid is majorly used as a precursor to fumaric acid and relative to its parent maleic anhydride and in manufacturing of synthetic resins, in textile processing, and in preserving oils and fats.

Market Dynamics

Increasing demand for glyoxylic acid from various end-use industries such as paints and coatings and food and beverages is expected to boost growth of the global maleic acid market.

Maleic acid is an industrial raw material for the production of glyoxylic acid. Increasing manufacture of artificial resins is also expected to boost growth of the market over the forecast period.

Market Outlook

On the basis of region, the global maleic acid market is segmented into North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. Asia Pacific market is expected to hold dominant position over the forecast period. This is owing to increasing demand for unsaturated polyester resins in the lubricant and automotive industry. High production of maleic acid in China and its increasing demand from the polyester resin industry is also expected to contribute to the market share of Asia Pacific. Unsaturated polyester resins is used in the production of sheet molding compounds, bulk molding compounds and fiberglass reinforced plastics. Therefore, the market in Europe is mainly driven by growing automobiles and ship manufacturing industries.

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Key Players

Major players operating in the global maleic acid market include, Life Chemicals, VladaChem, VWR, Part of Avantor, Acros Organics, Alichem, Achemtek, Syntree, Sigma-Aldrich, MolPort, ChemShuttle, AHH Chemical Co., Ltd., Glentham Life Sciences Ltd., and LGC Standards.

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