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Maleic Anhydride Market Expected to Grow at 3.5 Billion In Revenue by 2024

03-06-2020 07:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Maleic Anhydride Market Expected to Grow at 3.5 Billion

According to Market Study Report, Maleic Anhydride Market provides a comprehensive analysis of the Maleic Anhydride Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Maleic Anhydride Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Maleic Anhydride Market size is projected to reach USD 3.5 Billion by 2024 from USD 2.8 Billion in 2019, at a CAGR of 4.5%. This report spread across 157 Pages, Profiling 10 Companies and Supported with 117 Tables and 43 figures are now available in this research.

Top Companies profiled in the Maleic Anhydride Market:
o Huntsman International LLC (US)
o Changzhou Yabang Chemical Co. Ltd. (China)
o Shanxi Qiaoyou Chemical Co. Ltd. (China)
o Changzhou Yabang Chemical Co. Ltd. (China)
o Zibo Qixiang Tengda Chemical (China)
o Polynt-Reichhold Group (Italy)
o Nippon Shokubai Co. Ltd. (Japan)
o Mitsubishi Chemical Corporation (Japan)
o LANXESS (Germany)
o Gulf Advanced Chemical Industries Co. Ltd. (GACIC) (Saudi Arabia)
o Ningbo Jiangning Chemical Co. Ltd. (China)
o Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL) (Bosnia & Herzegovina)
o MOL Plc (Hungary)

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"N-butane to be the larger raw material segment in the global maleic an hydride market"
N-butane is projected to be the larger raw material segment in the global maleic an hydride market from 2019 to 2024. N-butane-based maleic an hydride is the most widely used maleic an hydride owing to its less environmental effects and relatively lower price. The production of maleic an hydride from n-butane does not result in the formation of toxic by-products and gaseous emissions.

"UPR to be the largest application of maleic an hydride during the forecast period"
UPR is expected to be the largest application segment of the global maleic an hydride market from 2019 to 2024. The increase in demand for UPR from emerging economies, such as China and India, is driving the market for UPR. This growth is mainly due to the increasing applicability of this resin in various industry verticals, owing to its high-strength fiber-based properties, easy availability, and low-cost price range.

"APAC to be the fastest-growing market during the forecast period, in terms of both volume and value"
APAC is the largest maleic an hydride market owing to the growing domestic demand, increasing income levels, rapid industrialization, and urbanization in the region. The market in the region is projected to witness the highest growth during the forecast period. This dominance is attributed to the growing domestic industries, increasing demand from end-use industries, and growing use of maleic an hydride in different applications, such as agricultural chemicals and pharmaceuticals.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 35%, Tier 2 -39%, and Tier 3 - 26%
o By Designation: C-Level - 23%, Director Level - 37%, and Others - 40%
o By Region: North America - 32%, Europe - 21%,APAC- 28%,Middle East & Africa- 12%,and South America - 7%

Competitive Landscape of Maleic Anhydride Market:
1 Overview
2 Competitive Leadership Mapping, 2018
2.1 Terminology/Nomenclature
2.1.1 Visionary Leaders
2.1.2 Innovators
2.1.3 Emerging Companies
3 Competitive Leadership Mapping (Small and Medium-Sized Enterprises)
3.1 Terminology/Nomenclature
3.1.1 Progressive Companies
3.1.2 Starting Blocks
3.1.3 Responsive Companies
4 Market Share Analysis
4.1 Huntsman International LLC (US)
4.2 Changzhou Yabang Chemical Co., LTD. (China)
4.3 Shanxi Qiaoyou Chemical Co., LTD. (China)
5 Supply-Chain Analysis
6 Key Consumers of Maleic Anhydride
6.1 UPR
6.2 1,4-BDO
6.3 Lubricating Oil Additives
6.4 List of Companies Manufacturing Maleic Anhydride, UPR, 1,4-BDO, and Lubricating Oil Additives
7 Growth Strategies & Developments
7.1 Expansions
7.2 Acquisitions
7.3 Mergers

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Reason to access this report:
This research report is focused on various levels of analysis--industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the maleic an hydride market; high-growth regions; and market drivers, restraints, and opportunities.

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Maleic Anhydride Market size may have steady growth over forecasted timeframe owing to positive application outlook in copolymers, adhesives and unsaturated polyester resin (UPR). Maleic anhydride is manufactured from butane or benzene by oxidation process. Benzene is available at higher cost than butane, which makes butane favourable raw material. Butane oxidation takes place in fluidised or fixed bed reactor. Maleic anhydride is used in 1, 4- butanediol (BDO) chemical production which