Maleic Anhydride Market Expected To Grow At Approx 5.8% CAGR During 2032

According to Zion Market Research, the global Global Maleic Anhydride Market was worth USD 2.96 Billion in 2023. The market is forecast to reach USD 5.19 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.8% during the forecast period 2024-2032.

The prominent players in the global maleic anhydride market consist of Huntsman, Lanxess, Nippon Shokubai, Bartek, Flint Hills, Polynt, MOL Hungarian, Sasol, Thirumalai, Changzhou Yabang, Mitsubishi Chemicals, Bluestar Harbing Petrolchemicals, and Zhejiang Jianghshan Chemicals.

Rising Applications In End-Use Industries Likely To Propel The Growth Of The Global Market

The altering inclination to stronger, lighter, and fiberglass composite materials in end-use industries like aerospace, automotive, construction, and turbine industries have elevated progressively during the past few years. This ultimately is resulting in a surge in need for unsaturated polyester resins. Maleic anhydride is utilized as a feedstock within the production of unsaturated polyester resins. Further, the increasing disposable income together with rising infiltration of spandex in sportswear, medical textiles, and compression stockings has lead to elevated stipulation for 1,4-butanediol. Thereby, it is projected to boost the maleic anhydride demand during the years to come.

The rising expansion in the construction industry all across the world is also anticipated to fuel the expansion of the unsaturated polyester resins during the forecast period. Nevertheless, usage of maleic anhydride along with bio-based feedstock polymers is anticipated to drive the expansion of the maleic anhydride market.

N-Butane, Based On Raw Material, To Garb Considerable Market Share In The Coming Period

Based on raw material, the global maleic anhydride market is bifurcated into benzene and n-butane. Among these, n-Butane is the most used raw material and grabs a considerable share within the global maleic anhydride market. This segmental expansion can be attributed to its lower process price along with higher productivity, less intricate process of production, lower risk, and it is less damaging to the environment.

North America Is Anticipated To Dominate The Global Market During The Forecast Period

North America is projected to dominate the global maleic anhydride market. In this region, construction is among the biggest end-use industries. A National Infrastructure Plan had implemented by the US to draw USD 590 billion within infrastructure spending during 2014–2018. Such positive programs are anticipated to boost the expenditure in the construction domain, thus driving the demand for maleic anhydride. Further, Asia Pacific is also expected to surface as the biggest manufacturer & consumer of maleic anhydride. The constructive initiatives by the government of China and India are projected to drive the maleic anhydride market growth in this region. Most of the stipulation is anticipated to come from the plasticizers and construction industries in this region.

Browse the full “Global Maleic Anhydride Market - By Application (1-4, Butanediol (BDO), Fumaric Acid, Unsaturated Polyester Resin (UPR), Lubricant Additives, Copolymers, Malic Acid, Alkenyl Succinic Anhydrides, And Others), By Raw Material (Benzene And N-Butane), By End-User (Agriculture, Automotive, Construction, Textile, Food & Beverage, Personal Care, Pharmaceuticals, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/maleic-anhydride-market

The global maleic anhydride market is segmented as follows:

By Raw Material

• N-Butane
• Benzene

By Application

• Unsaturated polyester resin (UPR)
• Copolymers
• Lubricant Additives
• 1-4, Butanediol (BDO)
• Alkenyl succinic anhydrides
• Malic acid
• Fumaric acid
• Others

By End-User

• Construction
• Automotive
• Food & beverage
• Textile
• Pharmaceuticals
• Personal Care
• Agriculture
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com