Maleic Anhydride Market

Maleic Anhydride Market worth $3.5 billion by 2024

The report "Maleic Anhydride Market by Raw Materials (N-butane and Benzene), Application (Unsaturated Polyester Resins (UPR), 1,4-butanediol (1,4-BDO), Lubricating Oil Additives, and Copolymers), and Region - Global Forecast to 2024",maleic anhydride market is projected to reach USD 3.5 billion by 2024, at a CAGR of 4.5% from USD 2.8 billion in 2019. The market is driven by the growing automotive industry and rapid industrialization in the APAC region. The growing automotive industry in emerging economies, such as China, India, and Japan, is fueling the growth of the maleic anhydride market in the region. Another major factor contributing to the growth of the maleic anhydride market is rising global demand for UPR and 1,4-BDO.

Browse 117 market data Tables and 43 Figures spread through 157 Pages and in-depth TOC on "Maleic Anhydride Market by Raw Materials (N-butane and Benzene), Application (Unsaturated Polyester Resins (UPR), 1,4-butanediol (1,4-BDO), Lubricating Oil Additives, and Copolymers), and Region - Global Forecast to 2024"
View detailed Table of Content here -

N-butane-based maleic anhydride to register the highest CAGR in the global maleic anhydride market, between 2019 and 2024

The maleic anhydride market is segmented by raw material into n-butane and benzene. N-butane is the widely used raw material and witnesses the highest CAGR in the global maleic anhydride market. The factors driving the n-butane-based maleic anhydride market are its low-cost process with higher productivity, low risk involved, and less complex production process. It is also less harmful to the environment and therefore preferred over benzene.

UPR to be the fastest-growing application segment of the global maleic anhydride market during the forecast period

UPR is projected to be the fastest-growing application of maleic anhydride during the forecast period. This is due to the rapid growth of the building & construction, automotive, and marine industries in the APAC region. In addition, the increasing demand for automobiles can be attributed to the increasing disposable income of people and industrial growth in this region.

APAC to be the largest as well as the fastest-growing market for maleic anhydride during the forecast period

APAC is the largest of maleic anhydride market and is expected to witness the highest CAGR between 2019 and 2024. Stable economic growth in the APAC region, coupled with rising disposable income, is driving the market for maleic anhydride. In addition, increased demand for maleic anhydride in key countries, such as China, Japan, and India, are contributing to the growth of the maleic anhydride market in the region.

The key market players profiled in the report include Huntsman International LLC (US), Changzhou Yabang Chemical Co., Ltd. (China), Shanxi Qiaoyou Chemical Co., Ltd. (China), Polynt-Reichhold Group (Italy), Zibo Qixiang Tengda Chemical Co., Ltd. (China), LANXESS (Germany), Nippon Shokubai Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), Ningbo Jiangning Chemical Co., Ltd. (China), and Gulf Advanced Chemical Industries Co., Ltd. (GACIC) (Saudi Arabia) among others.

Don’t miss out on business opportunities in Maleic Anhydride Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
CH 4070
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Maleic Anhydride Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2021 MarketsandMarkets Research Private Ltd. All rights reserved

Digital Virtual Assistant - MarketsandMarkets