Hydrolyzed Polymaleic Anhydride Market

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.