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Maleic Anhydride Market Research Report 2023: Opportunity Assessment, International Expansion, Production Analysis, Supply/Demand, Industry Shares And Key Leading Players Till 2032 | Huntsman Corporation, Lanxess AG, Mitsubishi Chemical Corporation, Helm
Maleic Anhydride Market
As per the Maleic Anhydride Market report by The Business Research Company, the rising demand for automobiles globally has contributed to the growth of the maleic anhydride market. The automobile industry is a business of producing and selling self-powered vehicles, including passenger cars, trucks, farm equipment, and other commercial vehicles.
The global maleic anhydride market size grew from $3.26 billion in 2022 to $3.56 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The maleic anhydride market size is expected to grow to $4.42 billion in 2027 at a CAGR of 5.6%.
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Major competitors in the Maleic Anhydride Market include Huntsman Corporation, Lanxess AG, Mitsubishi Chemical Corporation, Helm AG, Ningbo Jiangning Chemical Co. Ltd., Nippon Shokubai Co. Ltd., Ashland Inc., Changzhou Shuguang Chemical, Bartek Ingredients, BASF, Cepsa, Polynt group, Sasol, Flint Hills Resources, Zibo Qixing Tengda Chemical, Yongsan Chemicals Inc., Tianjin Bohai Chemicals, Thirumalai Chemicals Limited, Gulf Advanced Chemical Industries Co. Ltd., MOL group, Yunnan Yunwei Company Limited, Jiangyin Shunfei Fine chemical, Jiangsu Zhongteng Chemical, Fuso Chemical Co., Mitsui Chemicals, Shandong Hongxin Chemical Co. Ltd., Baotie Hebei, Aekyung Petrochemical Co. Ltd., DSM NV, Merck & Co. Inc., and Bluestar Harbin Petrochemical corp.
The Maleic Anhydride Market is segmented -
By Type: Solid Maleic Anhydride, Molten Maleic Anhydride
By Raw Material: Benzene, N-Butane
By Application: Unsaturated Polyester Resin, Copolymers, Lubricant Additives, Alkyl Succinic Anhydrides, Malic Acid, Furmaric Acid
By End User: Construction, Automobile, Food and Beverage, Oil Products, Electronics, Personal Care, Pharmaceuticals, Agriculture
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Maleic Anhydride Market.
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The maleic anhydride is used for the manufacturing of unsaturated polyester resins (UPR), as lubricating oil additives, as dispersants, and corrosion inhibitors. It is a chemical intermediate formed after the oxidation of benzene or butane in the presence of a vanadium oxide catalyst. Maleic anhydride is a colorless or white solid, cyclic dicarboxylic anhydride organic chemical. MAN is used as a food preservative, flavor enhancer, and artificial sweetener after converting to maleic or fumaric acid and has broad applications in pharmaceutics, agricultural products, and surfactants.
The Table Of Content For The Maleic Anhydride Market Include:
1. Executive Summary
2. Maleic Anhydride Market Characteristics
3. Maleic Anhydride Market Trends And Strategies
4. Maleic Anhydride Market - Macro Economic Scenario
5. Maleic Anhydride Market Size And Growth
……
27. Maleic Anhydride Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Maleic Anhydride Market
29. Maleic Anhydride Market Future Outlook and Potential Analysis
30. Appendix
The "Global Maleic Anhydride Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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As per new analytical studies published by GME, the Maleic Anhydride Market is tended to identify a striking amplification in CAGR by 5.8% covering the estimated duration (2020-2026). Maleic anhydride [C₂H₂(CO)₂O] is an organic compound. Maleic Anhydride is formed by oxidization of benzene or butane. Colorless, solid white, and acrid odor are some of the features of maleic anhydride. The applicability of maleic anhydride can be seen used in industries…
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Maleic Anhydride Market
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…
