PUBLISHER: Value Market Research | PRODUCT CODE: 1547959
PUBLISHER: Value Market Research | PRODUCT CODE: 1547959
The global demand for Maleic Anhydride Market is presumed to reach the market size of nearly USD 7.89 Billion by 2032 from USD 5.04 Billion in 2023 with a CAGR of 5.1% under the study period 2024-2032.
Maleic anhydride is a commonly used compound as a feedstock in the manufacturing of unsaturated polyester resins. Maleic anhydride is obtained from maleic acid and acts as a chemical intermediate that is used for the production of 1, 4-butanediol, tetrahydrofuran, and gamma-butyrolactone. This can be effectively used as a substitute for benzene in the production of the various alkyl resins that are used in the manufacturing of paints and coatings. Maleic anhydride is cheaper and more natural as compared to benzene, hence it used by a large number of manufacturers.
The usage and demand for spandex in various compression stockings, sportswear, and medical textiles have increased drastically in recent years and all their manufacturing processes involve the use of 1, 4-butanediol. Hence this is a major boost for the market for maleic anhydride as it is the main component for the manufacturing of 1,4-butanediol. The demand for unsaturated polymers is also increasing in various construction companies which is a major driver for the market for maleic anhydrides. The major constraint for the market is in the form of depleting crude oil resources all over the world. Maleic anhydride is obtained primarily as a feedstock from butane and hence the diminishing crude oil resources are acting as a major constraint for the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Maleic Anhydride. The growth and trends of Maleic Anhydride industry provide a holistic approach to this study.
This section of the Maleic Anhydride market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Maleic Anhydride market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Maleic Anhydride market include 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. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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