Maleic anhydride derivatives have a wide range of applications and Puyang Hui has become a leading company in the domestic industry

Maleic anhydride anhydride derivatives are acid anhydrides produced from maleic anhydride as starting materials, including tetrahydrophthalic anhydride, hexahydrophthalic anhydride, nadic anhydride, methyltetrahydrophthalic anhydride, methylhexahydrophthalic anhydride, methylnadic anhydride, and metaphenyl Anhydrides, etc. There are many types of maleic anhydride derivatives, which can be widely used in coatings, wind power, electronic devices, electrical equipment, chemical industry and other fields, and the market development space is broad.

The raw materials of maleic anhydride derivatives mainly include maleic anhydride, butadiene, mixed C4, mixed C5 and other basic chemical products. As a globally recognized major chemical country, my country currently has mostly domestic upstream raw materials for maleic anhydride derivatives that can be obtained through market-based procurement. The supply is relatively sufficient and the industry has a good foundation for development.

Maleic anhydride derivatives have a wide range of applications. In the field of electronic devices, they are mainly used with epoxy resins to form anhydride-type curing agents, which are widely used in electronic device packaging scenarios such as resistors, capacitors, inductors, diodes, and integrated circuits; in the field of electrical equipment , it is mainly used as an insulating material in the production of power transmission and distribution components such as transformers, transformers, capacitors; in the field of coatings, it is mainly used in the production of polyester coatings with good weather resistance, air drying, and water resistance; in the field of wind power , which is mainly used as a curing agent in combination with epoxy and carbon fiber for the carbon beam forming scenario of large wind power blades.

At the same time, as relevant research continues to deepen and production technology continues to innovate, more advantageous properties and application fields of maleic anhydride derivatives are continuously developed. According to the“2023-2028 Maleic Anhydride Derivatives Industry Market In-depth Research and Investment Prospect Forecast Analysis Report” released by the Industrial Research Center It shows that currently, driven by the rapid development of the downstream application market, the demand for maleic anhydride derivatives continues to grow. In 2022, the domestic market demand for maleic anhydride derivatives will be approximately 383,000 tons, a year-on-year increase of 16.2%. At present, my country has become the main consumer region of maleic anhydride derivatives in the world, with broad market development space.

International companies dominate the domestic high-end maleic anhydride derivatives market by virtue of their early start, relatively mature technology, and strong brand strength, including Italy’s PolyntSPA, Japan’s Hitachi Chemical, Japan’s New Nippon Rika, and the United States Dixie and other businesses. my country’s industry started relatively late. The only companies that have mastered the core technology of maleic anhydride derivatives are Puyang Huicheng Electronic Materials, Zhejiang Alpha Chemical Technology, Zibo Luhuahongjin New Materials, Jiaxing Nanyang Plastic Chemical, Zhejiang Claes Environmental Technology, Zhejiang Zhengda New Material Technology, etc.

Industry analysts said that Puyang Huicheng is the leading company in the domestic maleic anhydride derivatives industry. It has mastered the core production technology of related products and has a complete product chain. Compared with domestic companies, it has a supply advantage. Compared with foreign companies, it has higher cost and rapid response advantages. It is currently accelerating its entry into the high-end market through its independent research and development advantages. In the future, as local companies continue to upgrade their technologies, my country’s maleic anhydride derivatives are expected to accelerate the pace of catching up with leading international companies and achieve a substantial improvement in the level of localization in the domestic market. The industry has huge development potential.