MALEIC ACID MARKET ANALYSIS

Regional Analysis

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.