Maleic Anhydride Market Growth Is Driven By Increasing Demand From Various End-Use Industries Such As Automotive And Construction Till 2024 | Million Insights

Maleic Anhydride Market Growth Is Driven By Increasing Demand From Various End-Use Industries Such As Automotive And Construction Till 2024 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global maleic anhydride industry research report offers thorough insights on key vendors, scope, size, share, applications and regional demand. This enables numerous opportunities for the market players to invest in research and development.

The global Maleic Anhydride Market size is expected to value at USD 4.11 billion by 2024, due to the growing usage as a platform chemical for production of a broad range of chemicals such as co-polymers, 1,4-butanediol (BDO) and unsaturated polyester resins (UPR). Exponential growth in the lubricant industry, in the recent years is anticipated to drive the market demand for maleic anhydride over the forecast period.

Increasing demand for maleic anhydride from various end-use industries such as automotive industry and construction sector, particularly in China and India, is predicted to boost the market growth over the next seven years. Globally, the maleic anhydride industry is predicted to grow at CAGR of 5.5% in forecast period, providing numerous opportunities for market players to invest for research and development in the market.

Increasing maleic anhydride usage for production of fuel oil and lubricant additives is estimated to boost industry growth over the forecast period. Primary materials required for maleic anhydride include benzene and n-Butane. Some of the manufacturing techniques include use of transport bed, fluidized bed, fixed bed, and recovery from phthalic anhydride technologies. Increasing adoption of n-butane over the traditional benzene compound due to reduce the effect of volatile crude oil prices is expected to favor market expansion over the coming years.

To download the sample PDF of “Maleic Anhydride Market” Report please click here: https://www.millioninsights.com/industry-reports/maleic-anhydride-market/request-sample

Other factors responsible for the sustained growth of maleic anhydride market, in the recent years, include steady supply and demand regime and stability in cost of raw materials and spot prices. However, volatility in cost of crude oil and availability of alternate materials are expected to limit market growth to a certain extent over the forecast period.

Substantial growth in construction sector owing to the higher infrastructural spending and improving infrastructure, particularly in BRICS economies such as Brazil, Russia, India, China and South Africa are expected raise copolymer and UPR demand over the next seven years. These factors are estimated to stimulate the growth of maleic anhydride industry in the near future. However, increasing adoption of bio-based feedstock over the synthetic compounds for production of co-polymer and butanediol (BDO) is forecast to be a major threat for industry growth in upcoming years.

The maleic anhydride market is broadly categorized into four major segments based on the application type such as unsaturated polyester resin (UPR), 1-butanediol (BDO) & 4-butanediol (BDO), additives, and copolymers. The unsaturated polyester resin (UPR) is considered as one of the fastest growing segment in the maleic anhydride industry with substantial revenue generation in the last few years. 

Growing popularity of the unsaturated polyester resin (UPR) segment is attributed to the increasing demand from various end-user industries such as building & construction and automotive, majorly in developing economies of Asia Pacific and Latin America region. The butanediol (BDO) segment has also witnessed substantial growth owing to the growing adoption for production of methyl ethyl ketone (MEK) and 1,3 butadiene. 

The maleic anhydride market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in building & construction sector, increase in the number of research development activities in the region, and existence of well-established manufacturing infrastructure. 

Asia-Pacific region is predicted to hold major market share in the maleic anhydride with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth in the region, rapid growth in automotive sector, and significant investment by leading industry players considering potential growth opportunities in the region. 

The key players in the maleic anhydride industry are Huntsman Co., Polynt Group, Jiangsu Yabang Pharmaceutical Group Co., Ltd., Tianjin Bohai Chemical Industry Group Co., Ltd., Flint Hills Resources, Inc., Polynt S.p.A, Lanxess AG, Ashland Chemical Co., Nippon Shokubai Co., Ltd., Royal DSM N.V., and Qiaoyou Shanxi.   

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/maleic-anhydride-market

Market Segment:

Global Maleic Anhydride Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
    • Unsaturated polyester resin (UPR)
    • 1,4- butanediol (BDO)
    • Additives
    • Copolymers
    • Others

Global Maleic Anhydride Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • UK
    • Asia Pacific
        • China
        • Japan
    • Middle East & Africa
    • Central & South America

Read the Latest Press Releases available with Million Insights:

• Pre-engineered Building Market: The global pre-engineered building market size is projected to reach USD 30.79 billion by 2025 with a CAGR of 15.5%.

• Plant Genotyping Equipment Market: The global plant genotyping equipment market size is anticipated to value USD 895.45 million until 2025. It is also expected to register a CAGR of 9.6% over the forecasted years, 2018 to 2025.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/maleic-anhydride-market