Hydrolyzed polymaleic anhydride is predominantly used in purification plants. It is a low molecular weight polymeride. Hydrolyzed polymaleic anhydride possesses various physical as well as chemical properties. For instance, it has no toxicity, and is soluble in water. Hydrolyzed polymaleic anhydride possesses high thermal and chemical stability. Hydrolyzed polymaleic anhydride is used for various purposes, such as circulation of cool water systems, crude oil dewatering, oilfield fill water, and low pressure boilers. It is also used in cement additives. The production process of hydrolyzed polymaleic anhydride encompasses polymerizing maleic anhydride in xylene, which is a solvent.
Global Hydrolyzed Polymaleic Anhydride Market: Segmentation
The global hydrolyzed polymaleic anhydride market can be segmented based on grade, application, end-use industry, and region. Based on grade, the hydrolyzed polymaleic anhydride market can be divided into reagent grade, bio-tech grade, and others. The reagent grade segment is expected to expand significantly in the near future. In terms of application, the hydrolyzed polymaleic anhydride market can be segregated into cooling water systems, concrete additive, water desalination, crude oil evaporation, and others. The water desalination was the major segment of the hydrolyzed polymaleic anhydride market in 2017, led by the rise in demand for purified water among the vast population. In terms of end-use industry, the hydrolyzed polymaleic anhydride market can be classified into water treatment, oil & gas, and others. The water treatment segment held key share of the hydrolyzed polymaleic anhydride market in 2017. Increase in per capita income and limited resources of fresh water are propelling the water treatment segment.
Global Hydrolyzed Polymaleic Anhydride Market: Trends & Developments
Demand for hydrolyzed polymaleic anhydride has been increasing due to the growth in population, rise in per capita utilization of water, depletion of fresh water resources, and overuse of fresh water resources. Increase in per capita income and overdependence on fresh water resources are anticipated to boost the market during the forecast period. Desalination has been the favored method to increase water supply. The global desalination market has been expanding significantly since 2000s. This is fuelling the demand for hydrolyzed polymaleic anhydride. However, high capital investment and slow rate of returns are restraining the hydrolyzed polymaleic anhydride market growth. Nevertheless, rise in R&D activities to develop new sources is creating new opportunities in the hydrolyzed polymaleic anhydride market.
Global Hydrolyzed Polymaleic Anhydride Market: Regional Outlook
Based on region, the global hydrolyzed polymaleic anhydride market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is the major region of the global hydrolyzed polymaleic anhydride market, as China, India, and Japan are the key countries accounting for prominent share of demand for hydrolyzed polymaleic anhydride. The market in North America is estimated to expand at a rapid pace during the forecast period, followed by Europe. Increase in focus on health is propelling the hydrolyzed polymaleic anhydride market in North America. The hydrolyzed polymaleic anhydride market in Middle East & Africa and Latin America is projected to expand at a noticeable pace in the near future, led by the presence of developing economies in these regions.
Global Hydrolyzed Polymaleic Anhydride Market: Key Players
Key players operating in the global hydrolyzed polymaleic anhydride market are Shandong Taihe Water Treatment Technologies Co., Ltd., Connect Chemicals, Shandong Dongtai Water Treatment Co., Ltd., Shandong Yuanlian Chemical Co., Ltd., Qingdao Zoranoc Oilfield Chemical Co., Ltd., All-plus Chemical Co., Ltd., Guangshu Chemical Factory Co., Ltd., TIANJIN XINXIN BIOTECHNOLOGY RESEARCH AND DEVELOPMENT CENTER, TIANJIN ZHONGXIN CHEMTECH CO., LTD., and Zouping Dongfang Chemical Industry Co., Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.