Maleic Anhydride Market Growth, Trends, & Forecast 2024-2031 | Lanxess A.G., Jiangyin Shunfei, Polynt Group.

The Global Maleic Anhydride Market reached US$ 4.38 billion in 2023 and is expected to reach US$ 6.13 billion by 2031, growing with a CAGR of 4.29% during the forecast period 2024-2031.

Maleic Anhydride Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Maleic Anhydride Market involves the production and application of maleic anhydride, a key chemical used in manufacturing plastics, resins, and synthetic lubricants. Growth is driven by increasing demand for automotive and construction materials, as well as rising applications in the production of unsaturated polyester resins (UPR). Innovations in production processes and sustainability initiatives are shaping market trends and expansion.

List of the Key Players in the Maleic Anhydride Market:

Cepsa, INEOS, Huntsman International LLC, Lanxess A.G., Mitsubishi Chemical Corporation, MOL Hungarian Oil & Gas Plc, Nippon Shokubai Co., Ltd., Polynt Group, Thirumalai Chemicals Ltd., Jiangyin Shunfei, Tianjin Bohai Chemicals.

Industry Development:

In June 2022, Polynt unveiled an expansion initiative to construct a new esterification facility in Atlacomulco, Mexico. The facility is designed to manufacture plasticizers, with a primary focus on trimellitates. This expansion aims to increase the company's production capacity to meet the growing demands of the automotive and electrical sectors.

In June 2023, PETRONAS Chemicals Group Berhad (PCG) acquired a 113 kilo-tonnes per annum (ktpa) Maleic Anhydride (MAn) factory located at Gebeng, Kuantan, from BASF PETRONAS Chemicals Sdn. Bhd. (BPCS).

Growth Forecast Projected:

The Global Maleic Anhydride Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Maleic Anhydride Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Maleic Anhydride Market:

By Raw Material: Benzene, N-Butane.

By Product Type: Unsaturated Polyester Resin, 1,4-Butanediol, Lubricant Additives, Maleic Anhydride Copolymers, Malic Acid, Furmaric Acid, Alkyl Succinic Anhydrides, Surfactants and Plasticizers, Other.

By End-User: Construction, Automobile, Food and Beverage, Oil Products, Electronics, Personal Care, Pharmaceutical, Agriculture.

Regional Analysis for Maleic Anhydride Market:

The regional analysis of the Maleic Anhydride Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Maleic Anhydride market?

➠ Who are the leading manufacturers in the global Maleic Anhydride industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Maleic Anhydride industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Maleic Anhydride market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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