Maleic Anhydride Market Share 2023, Growth Factors, Business Overview, Top Key Players with Global Industry Trends by 2031

The maleic anhydride market has witnessed significant growth, standing at an impressive US$ 2.7 billion in 2022. As we forge ahead into 2031, the market is poised for further expansion, projected to grow at a commendable CAGR of 4.9%. By the end of 2031, the market is anticipated to reach a substantial US$ 4.2 billion. This article delves into the key factors driving this growth, the challenges faced, and the emerging trends that shape the maleic anhydride landscape.

Rise in demand for unsaturated polymer resin (UPR) as a matrix in several end-use industries, such as construction, automotive, pharmaceuticals, and personal care & cosmetics, is projected to boost the maleic anhydride market growth during the forecast period. 1,4-Butanediol (BDO) is a key intermediate derived from maleic anhydride, which is used in the production of polyurethanes, high-performance plastics, and the other chemicals.

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Companies Profiled:
• Ashland
• Huntsman
• BASF SE
• Polynt SpA
• Lanxess AG
• Flint Hills Resources
• DSM N.V.

Market Drivers:
Several factors contribute to the robust growth of the maleic anhydride market. The increasing demand for unsaturated polyester resins in various industries, including construction and automotive, is a key driver. Maleic anhydride's versatility as a raw material in the production of coatings, adhesives, and agricultural chemicals further fuels its demand. Additionally, the growing trend of bio-based maleic anhydride production is likely to open new avenues for market players.

Latest Market Trends:
The market is witnessing several trends that shape its trajectory. The shift towards sustainable practices is driving the adoption of bio-based maleic anhydride. Moreover, technological advancements in production processes, such as the development of energy-efficient methods, are gaining traction. Understanding and capitalizing on these trends will be pivotal for market players aiming for sustained growth.

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Key Market Study Points: Understanding the market dynamics, competitive landscape, and consumer behavior are critical study points. Market players should focus on developing cost-effective production methods, ensuring product quality, and staying attuned to regulatory changes.

Market Segmentation:
Application
• Unsaturated Polyester Resins (UPR)
• Additives (Lubricants & Oils)
• Copolymers
• Others

Regions Covered
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Questions in Focus: Key questions for market players include:
• How can companies mitigate the impact of raw material price volatility?
• What strategies can be employed to navigate stringent environmental regulations?
• How can market players capitalize on the growing trend of bio-based maleic anhydride production?

Table of Contents (TOC) For a comprehensive understanding of the maleic anhydride market landscape, access the Table of Contents (TOC) of the full report: https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=1621

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