"Maleic Anhydride Market” Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Maleic Anhydride market size is projected to reach a CAGR of 4.3% to 2028.
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Maleic anhydride is a cyclic anhydride of dicarboxylic acid the maleic acid. Maleic anhydride is majorly used for the resin formation and also acts as an allergen. C₂H₂(CO) is the chemical formula of Maleic anhydride.
Growing demand of UPR and lubricating additives in the automotive industry are some of the factors that have supported long-term expansion for Maleic Anhydride Market.
Regional Analysis
Asia Pacific is the most rapidly growing market and offers a huge opportunity for the industry as because the automation has increased several folds in the region resulting into the expansion of the market in the region.
Key Players
· Huntsman International LLC
· LANXESS AG
· Ashland Inc.
· Zibo Qixiang Tengda Chemical
· Ningbo Jiangning Chemical Co., Ltd.
· Polynt—Reichhold Group
· Nippon Shokubai Co., Ltd.
· Mitsubishi Chemical Corporation
· Gulf Advanced Chemical Industries Co., Ltd. (GACIC)
· Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL) and More
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Recent Developments
In July 2020, Polynt-Reichhold Group announced that it would soon come up with 50,000 tons capacity greenfield maleic anhydride plant.
In September 2019, Huntsman Corporation completed its acquisition of Sasol-Huntsman maleic anhydride joint venture.
Maleic Anhydride Measurement Systems Market is segmented into Raw Material, Application and region.
On the basis of Raw Material
· N-butane
· Benzene
On the basis of Application
· UPR
· 1,4-BDO
· Lubricating Oil Additives
· Copolymers
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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