Maleic Anhydride Market Recent Developments, Research Analysis Forecast 2032

 According to a recent report by Fact.MR, the global maleic anhydride market is projected to grow at a CAGR of 3.4% from 2022 to 2032. During this forecast period, the market is expected to generate a dollar opportunity of US$ 1.2 billion, reaching a valuation of US$ 4.1 billion. The market grew at a CAGR of 4.0% from 2015 to 2021, and is anticipated to hit US$ 2.9 billion by 2022.

Bio-based feedstock offers several advantages over traditional sources. Given the limited availability of oil resources and the high costs associated with extracting and oxidizing benzene, conventional methods are expensive and technologically demanding. To address these challenges, large-scale commercialization of bio-based maleic anhydride is crucial.

The report highlights that the increasing demand for passenger cars and commercial vehicles is driving growth in the maleic anhydride market within the automotive sector. Maleic anhydride is used in unsaturated polyester resins (UPR), which are utilized in manufacturing automotive composites such as closure panels, body panels, fenders, grille opening reinforcement (GOR), heat shields, headlamp reflectors, and pick-up boxes. Additionally, maleic anhydride copolymers are employed in lubricant additives like viscosity index improvers, pour point depressants, and dispersants. The rising global sales of passenger and commercial vehicles are contributing significantly to the overall growth of the maleic anhydride market.

For more insights into the Market, Get A Sample of this Report!
https://www.factmr.com/connectus/sample?flag=S&rep_id=7473

Moreover, the motorization rate has risen significantly over the past five years in both developed and developing countries, driven by increased disposable incomes and industrial growth. The continuous growth in vehicle numbers is boosting the demand for engine oil, functional fluids, and automotive components in emerging economies. This trend is, in turn, positively impacting the maleic anhydride market.

Key Takeaways from the Market Study

  • Global Maleic Anhydride Market to flourish at a value of US$ 4.1 Bn from 2022-2032
  • N-butane to be top raw material, flourishing at a 3.4% CAGR until 2032
  • By Application, the Lubricating Oil Additives segment of the Maleic Anhydride to expand at a CAGR of 3.3%
  • The US to emerge as the fastest growing Maleic Anhydride Market, documenting a 3.2% CAGR
  • China to be the second most opportunistic market, expected to be valued at US$ 293.5 Million in 2032
  • Japan, UK & South Korea to yield $ opportunities worth US$ 236.7 Million, US$ 168.2 Million, and US$ 147.7 Million respectively

Read More: https://www.factmr.com/report/maleic-anhydride-market

Competitive Landscape

The global maleic anhydride market features a diverse range of vendors, each striving to offer a wide array of products to consumers. Key players are concentrating on advancing technologies and adhering to stringent government regulations, while providing customized solutions aligned with their business goals. To gain a competitive edge, these vendors are expected to focus on upgrades and product differentiation.

  • In July 2020, Polynt-Reichhold Group announced plans to construct a greenfield maleic anhydride plant with a capacity of 50,000 tons at its Morris, Illinois site.
  • In December 2019, Nippon Shokubai and Sanyo Chemical merged their businesses through a share transfer, establishing an integrated holding company named Synfomix Co. Ltd. (Kyoto, Japan). Synfomix’s materials division will produce a range of products, including maleic anhydride and its derivatives.
  • In September 2019, Huntsman Corporation acquired the remaining 50% stake in its joint venture with Sasol-Huntsman. This acquisition allowed Huntsman to fully integrate its European operations and better serve key customers in the construction and coatings sectors.

Key Segments Covered in the Maleic Anhydride Industry Report

  • Maleic Anhydride Market By Raw Material :
    • n-butane
    • Benzene
  • Maleic Anhydride Market By Application :
    • UPR
    • 1,4 – BDO
    • Lubricating Oil Additives
    • Copolymers
    • Others
  • Maleic Anhydride Market By Region :
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

Get Customization on this Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7473

More Valuable Insights

The study, in its new offering, presents an unbiased analysis of the global Maleic Anhydride Market, presenting historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Product Type (Corticosteroids, Intravenous Immunoglobulins, Anti-D Immunoglobulin, Thrombopoietin Receptor Agonists (TPO-RA), and Others), By Distribution Channel Type (Drug Store, Retail Pharmacies, and Others), By Treatment Type (Oral Corticosteroids, and Splenectomy), across five major regions (North America, Latin America, Asia Pacific, Europe and Middle East & Africa).

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

Comments

Post a Comment

Popular posts from this blog

Aircraft Seat Market - Growth Analysis and Forecast by 2034

  The aircraft seat market in North America is expected to increase at a compound annual growth rate (CAGR) of 6.5% through 2034. A surge in market demand in important nations, especially the United States and Canada, is the main cause of the noteworthy increase. With a projected 72.3% market share in 2024, the US led the business. The global aircraft seats market is projected to be valued US$4,595.2 million in 2024. It is predicted to grow at a 6.1% CAGR. By 2034, the market for airplane seats is projected to grow at a rate of US$ 8,307.3 million. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.factmr.com/connectus/sample?flag=S&rep_id=9534 The term "aircraft seat" describes the seats that are given to passengers during flight; these seats are made to guarantee comfort, safety, and effective use of the cabin's space. Class-based seating arrangements, including economy, business, and first class, are an essential component of an aircr...
Read more

𝐅𝐨𝐫𝐠𝐞 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞: 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐌𝐞𝐭𝐚𝐥 𝐅𝐨𝐫𝐠𝐢𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐚𝐧𝐝 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬

Image
he metal forging industry is witnessing an exciting era of innovation, with advancements in techniques and materials reshaping the landscape of manufacturing. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.factmr.com/connectus/sample?flag=S&rep_id=4524 The global metal forging market reached a valuation of US$ 103.8 billion in 2023. Projections suggest that by 2033, it is poised to surge to US$ 208 billion. Anticipated growth indicates a steady rise in global demand for metal forging solutions, with a projected compound annual growth rate (CAGR) of 7.2% from 2023 to 2033. 𝐊𝐞𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 : 𝐂𝐮𝐭𝐭𝐢𝐧𝐠 - 𝐄𝐝𝐠𝐞 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 : Discover how novel forging techniques are revolutionizing the way we shape metal components. From precision forging and hot forming to additive manufacturing and hybrid processes, these innovations are pushing the boundaries of what's possible in metal fabrication. 𝐌𝐚𝐭𝐞𝐫𝐢𝐚?...
Read more

Surgical Mesh Market Key Strategies, Application, Segmentation, Trends and Opportunities Forecast to 2033

  The surgical mesh market in North America holds the dominant market share at 40.1%. Over the forecast period, this regional market is anticipated to exhibit a 5.1% compound annual growth rate (CAGR), propelled by the increasing health awareness and literacy levels among its population. The global  surgical mesh market size  is estimated to be worth approximately US$ 1.29 billion in 2022. Projections suggest that by the end of 2032, the market is expected to exceed a valuation of US$ 2.2 billion, demonstrating a steady compound annual growth rate (CAGR) of 5.5% during the 2022 to 2032 period. Download a Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=6632   The global surgical mesh market is experiencing significant growth, and one of the key factors driving this expansion is the increasing geriatric population and rising obesity rates worldwide. Surgical mesh, a medical device used in various procedures to provide support and r...
Read more