Maleic Anhydride Global Market Report 2024 by The Business Research Company | Huntsman Corporation, Lanxess AG, Mitsubishi Chemical Corporation, HELM AG, Ningbo Jiangning Chemical Co. Ltd., Nippon Shokubai Co. Ltd., Ashland Global Holdings Inc., Changzhou

The maleic anhydride market size has grown strongly in recent years. It will grow from $3.5 billion in 2023 to $3.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to chemical manufacturing growth, polymer production, construction and infrastructure, automotive industry, furniture and appliances.

The maleic anhydride market size is expected to see strong growth in the next few years. It will grow to $4.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to environmental regulations, plasticizers and resins, transportation industry, electronic devices, packaging industry. Major trends in the forecast period include smart materials and composites, green infrastructure, sustainable chemistry innovations, bio-based maleic anhydride, advanced polymer applications.

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Maleic Anhydride Market Major Segments
The maleic anhydride market covered in this report is segmented -

1) By Type: Solid Maleic Anhydride, Molten Maleic Anhydride
2) By Raw Material: Benzene, N-Butane
3) By Application: Unsaturated Polyester Resin, Copolymers, Lubricant Additives, Alkyl Succinic Anhydrides, Malic Acid, Furmaric Acid
4) By End User: Construction, Automobile, Food and Beverage, Oil Products, Electronics, Personal Care, Pharmaceuticals, Agriculture

Key Driver - Global Demand For Automobiles Fuels Growth In The Maleic Anhydride Market

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 automobile industry uses unsaturated polyester resin (UPR) derived from maleic anhydride for building parts due to its design versatility, lightweight, and mechanical properties. According to a report from January 2021, General Motors Co. (GM) reported a 4.8% increase in deals, while Toyota and Volkswagen saw their deals rise by 9.4% and 10.8%. This rise has, in turn, boosted the growth of maleic anhydride and its product market.

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Prominent Trend - Elevated R&D Investments And Innovative Applications Drive Growth In The Maleic Anhydride Market

Increased investments in research and development are a key trend gaining popularity in the maleic anhydride markets. Major pharmaceutical companies operating in the maleic anhydride market are focused on exploring the potential of L-malic acid in dietary supplements. There has been a substantive demand for cardioprotective and immunity-boosting ingredients all over the world. For instance, the current and tenth editions of the global maleic anhydride market size outlook to 2028 estimate the market to register a moderate-to-high growth rate during the forecasted period. Major companies in the maleic anhydride market are working to launch new products and solutions by modestly reducing R&D budgets and looking for investments. Additionally, malic acid has shown promise in treating patients with fibromyalgia, and the therapeutic application has thereby attracted sizable R&D investments from several pharmaceutical companies.

Maleic Anhydride Market Players
Major companies operating 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 Global Holdings Inc., Changzhou Shuguang Chemical Co. Ltd., Bartek Ingredients Inc., BASF SE, Cepsa Química S.L.U., Polynt S.p.A., Sasol Limited, Flint Hills Resources LP, Zibo Qixing Tengda Chemical Co. Ltd., 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 Co. Ltd., Jiangsu Zhongteng Chemical Co. Ltd., Fuso Chemical Co. Ltd., Mitsui Chemicals Inc., Shandong Hongxin Chemical Co. Ltd., Baotie Hebei Chemical Industry Co. Ltd., Aekyung Petrochemical Co. Ltd., DSM NV, Merck & Co. Inc., Bluestar Harbin Petrochemical Corporation, INEOS, NAN YA PLASTICS CORPORATION, China National Chemical Corporation, Hexion Inc., Lonza Group AG, Zibo Qixiang Tengda Chemical Co. Ltd., Zhejiang Weishi Biotechnology Co. Ltd., Zouping Qili Additives Co. Ltd.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the maleic anhydride market share in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the maleic anhydride market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Maleic Anhydride Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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