Maleic Anhydride Market

SKU: DMCH152 | Last Updated On: Jan 12 2023 | Available Formats

> Maleic Anhydride Market Expected to reach a high CAGR of 6.50% during the forecast period 2022-2029

Maleic Anhydride Market is segmented By Raw Material (Benzene, N-Butane), By Application (Unsaturated polyester resin, 1,4-Butanediol, Copolymers, and Others), By End User (Agricultural, Automobile, Construction, Electronics, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

Maleic Anhydride Market is expected to grow at a CAGR of 6.50% during the forecasting period (2022-2029).

Maleic Anhydride Market Scope and Summary

Metrics

Details

Market CAGR

6.50%

Segments Covered

By Raw Material, By Application, By End User and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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Maleic Anhydride Market Dynamics and Trends

  • A wide range of applications in lubricant, fuel oil, automotive, aerospace, turbine, and construction industries are driving the global market for Maleic Anhydride. Maleic Anhydride is the principal ingredient in unsaturated polyester resins which is used to make lighter, stronger, and fiberglass, the most preferred product in various industries.
  • “Rapid Industrialization and Growth in construction is driving the global Maleic Anhydride Market.”

Maleic Anhydride Market Outlook

  • The market is majorly segmented based on the raw material used in n-butane, and benzene. High productivity, Lower risk levels, simple production process, environmentally friendly, and lower cost are factors making the users choose n-Butane over benzene.
  • The escalating growth in the construction industry mainly in developing countries is expected to drive the growth of unsaturated polyester resins. This, in turn, raises the demand for Maleic Anhydrides. This is mainly because of the use of unsaturated polyester resins in heat-resistant pipes and tanks in buildings and other structures. The increasing demand for automobiles due to rapid industrialization is also driving the global order.
  • The rising disposable income and increasing demand for compression stockings, sportswear, and medical textiles, etc., has increased the demand for 1,4-butanediol.

Global Maleic Anhydride Market Geography Shares:

  • The report segments the geographies by region, which include North America, South America, Europe, Asia Pacific, and RoW.
  • Asia-Pacific is leading the global Maleic Anhydride Market with a market share of approximately 40%, followed by North America. Rapid growth in building & construction and automotive industries which are the primary end-users of the product and enormous growth opportunities for various sectors in this region are favoring it to lead the global market.

Industry Forecast:

  • The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. Maleic Anhydride Market is segmented based on the Application, such as an Unsaturated polyester resin (UPR), 1,4-Butanediol (BDO), Lubricant Additives, Copolymers, Surfactants and Plasticizers, and Others. Further, the market is classified based on End-User Industry such as Construction, Automobile, Food & Beverage, Oil Products, Electronics, Personal Care, Pharmaceutical, and Agricultural.
  • The report profiles the following companies, which includes Ashland Inc., Compania Espanola de Petroleos, S.A, DSM N.V., Flint Hills Resources, Huntsman Corporation, Lanxess A.G., Mitsubishi Chemicals, MOL Hungarian Oil & Gas Plc, Merck & Co. Inc., Nippon Shokubai Co. Ltd., Polynt S.p.A, and Thirumalai Chemicals Ltd.

Key takeaways from this report

  • Visualize the composition of the Maleic Anhydride market across each indication, regarding type and applications,
  • Highlights of the vital commercial assets and players.
  • Identify commercial opportunities in Maleic Anhydride by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the Maleic Anhydride market-level 4/5 segmentation
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Product mapping in excel for the critical Maleic Anhydride products of all major market players.

 

Frequently Asked Questions

What is the Maleic Anhydride Marketgrowth?

The market is growing at a CAGR of 6.50%

What is Maleic Anhydride Marketsize in 2022?

The Maleic Anhydride Market size was valued at USD YY million in 2022.

Who are the key players in Maleic Anhydride Market?

Major Players are Compania Espanola de Petroleos, Ashland Inc, DSM N.V., Huntsman Corporation, Mitsubishi Chemicals, Flint Hills Resources, Lanxess A.G.

 

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