Press release
Maleic Anhydride Market is Forecasted to Reach US$ 3.6 Billion in 2028, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global maleic anhydride market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1171/maleic-anhydride-market.html#form
Report Highlights:
Market Size in 2028: US$ 3.6 billion
Growth (CAGR): 4.2% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Maleic Anhydride Market:
The global maleic anhydride market is segmented based on raw material type, application type, end-use industry type, and region.
Based on raw material type - The maleic anhydride market is segmented into n-butane and benzene. The n-butane segment held the larger share of the market and is expected to remain dominant during the forecast period. N-butane-based maleic anhydrides are majorly preferred over benzene-based maleic anhydrides owing to their lower production cost and lesser harmful nature.
Based on application type - The maleic anhydride market is segmented into unsaturated polyester resins (UPR), 1,4-butanediol (1,4-diol), lubricating oil additives, copolymers, and others. The growth of the segment is mainly due to an increased demand for UPR from emerging economies, such as China and India, and its low price compared to the other epoxy resins. Increasing penetration of UPR in the marine, aerospace, automotive, construction, and chemical industries is expected to further drive the growth of the segment.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/1171/maleic-anhydride-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is estimated to be the largest market during the forecast period. This growth outlook is majorly attributed to the following-
• China, Japan, and India being the countries with lucrative growth opportunities.
• The growth of the market is mainly driven by the expanding automotive and rising construction sectors in the major economies of the region. Increasing adoption of maleic anhydride to manufacture bulk molding compounds and fiberglass-reinforced plastics is expected to further drive the demand for maleic anhydride in the region.
• Increasing disposable income, rapid industrialization, urbanization, and increasing spending in the construction sector in the region are expected to further drive the region's market.
Maleic Anhydride Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing penetration of composite materials in the automotive, aerospace, and construction industries.
• Rising disposable income along with increasing use of spandex in compression stockings, sportswear, and medical textiles has boosted the demand for 1,4-butanediol.
• The escalating growth in the construction industries in BRIC countries and other developing economies.
Top Companies in the Maleic Anhydride Market:
Stratview Research has identified the following companies as the top market players.
• Ashland Inc.
• Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL)
• Gulf Advanced Chemical Industries Co. Ltd. (GACIC)
• Huntsman International LLC
• LANXESS AG
• Mitsubishi Chemical Corporation
• Ningbo Jiangning Chemical Co., Ltd.
• Nippon Shokubai Co. Ltd.,
• Polynt-Reichhold Group
• Zibo Qixiang Tengda Chemica
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Maleic Anhydride Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Unsaturated Polyester Resins Market: https://www.stratviewresearch.com/618/unsaturated-polyester-resins-market.html
• Benzene Market: https://www.stratviewresearch.com/3722/benzene-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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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…
