Press release
Maleic Anhydride Market to Surpass $2.81 Billion by 2032 with Strong 3.8% CAGR Growth
Maleic Anhydride Market
The Maleic Anhydride Market research report plays an important role in running a successful business as it covers essential industry-related data. It is easy to make strategic decisions and allows you to monitor your business's future growth and trends. We need an effective way to reach target consumers and gain important insights into their opinions, values, and preferences.
The Global Maleic Anhydride Market was valued at USD 2.08 Billion in 2024, and is anticipated to reach USD 2.81 Billion by 2032, exhibiting a CAGR of 3.8% during the forecast period 2024 to 2032.
The Global Maleic Anhydride Market is split by Type and application. For the period 2024-2032, the growth among segments provides accurate calculations and forecasts for sales by Product Type and Application in terms of volume and value. This analysis can help you expand your business by targeting qualified markets.
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Key Players Mentioned in the Maleic Anhydride Market Research Report:
• Huntsman Corporation (US)
• Changzhou Yabang Chemical Co. Ltd. (China)
• Shanxi Qiaoyou Chemical Co. Ltd. (China)
• Polynt-Reichhold Group (Italy)
• Zibo Qixiang Tengda Chemical Co. Ltd. (China)
• Mitsubishi Chemical Corporation (Japan)
• Nippon Shokubai Co. Ltd.(Japan)
• LANXESS AG( Germany)
• Gulf Advanced Chemical Industries Co. Ltd.
• Ningbo Jiangning Chemical Co. Ltd. (China)
• China Bluestar Harbin Petrochemical Co. Ltd.(China)
• Nan Ya Plastics (Taiwan)
• Shijiazhuang Bailong chemical Co. Ltd. (China)
• Yongsan Chemical Co. Ltd. (South Korea)
• IG Petrochemicals Ltd. (India)
• MOL PLC (Hungary)
• PT Justus Sakti Raya (Indonesia)
• Global Ispat Koksna Industrija D.O.O. Lukavac
• Tianjin Bohai Chemical Industry Group Co. Ltd. (China)
• Cepsa (Spain), Ruse Chemicals (Bulgaria)
• Yunnan Yunwei Company Limited (China)
• Shanxi Taiming Chemical Industry Co. Ltd.( China)
• Huanghua Hongcheng Business Corp. Ltd. (China)
• Aekyung Petrochemical Co. Ltd. (South Korea)
• others.
It becomes easy to deliver quick business results by getting all the key details related to the industry size and sharing the growth of key drivers. All major primary data and research tools are used by business analysts to form this effective industry report.
Market Estimates:
➨ The industry was valued in 2023: USD 2.08 Billion
➨ Industry Expected To Grow By 2032: USD 2.81 Billion
➨ CAGR During Provision Period: 3.8%
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This Maleic Anhydride Market report conducts a systematic flow of the business to give deep perceptions, evaluate industry status, make significant improvements, and follow the previous performance.
Several businesses have been forced to close due to the COVID-19 outbreak. This Maleic Anhydride Market study report contains information on industry changes, business-enhancing variables, trends, and emerging industries, as well as statistics on upcoming events and promotional activities.
Global Maleic Anhydride Market Segmentation
By Raw Material
• N-Butane
• Benzene
By Application
• UPR
• 1,4-BDO
• Lubricating Oil Additives
• Copolymers
• Other Applications
Regional Analysis of Maleic Anhydride Market:
➛ North America (the United States, and Canada, Mexico)
➛ Europe (UK, Germany, France, Italy, and Russia)
➛ Asia-Pacific (Japan, Korea, India, China, and Southeast Asia)
➛ South America (Argentina, Colombia, and Brazil)
➛ The Middle East and Africa (Saudi Arabia, Nigeria, Egypt, UAE, and South Africa)
The global Maleic Anhydride Market research study's main role is to forecast if a product will gain profit in the business. The industry participants benefit greatly from such forecasting since they may introduce or authorize new items into the market to expand their business.
The fundamental industry facets, business key drivers, restraints, existing problems, forthcoming opportunities, and forecasts. This Maleic Anhydride Market business survey depicts a few exact customer insights to build technology strategies to make investment useful.
The primary and secondary methods provide extensive industry data to help you make business choices and bring new items to market.
Read Full Research Report with [TOC] @ https://www.vantagemarketresearch.com/industry-report/maleic-anhydride-market-1780
Key Questions Answered in Maleic Anhydride Industry Report:
➤Which are the five top players of the Maleic Anhydride Industry?
➤How will the Maleic Anhydride Market change in the upcoming years?
➤Which product and application will take a share of the Maleic Anhydride Industry?
➤What will be the CAGR and size of the Maleic Anhydride Market throughout the forecast period?
➤What are the drivers and restraints of the Maleic Anhydride Industry?
➤Which regional market will show the highest growth?
➤What is the current Maleic Anhydride Industry size, what will the market size be in 2030 and what will the growth rate be?
➤Who are the major competitors and what is their strategy?
➤What are the challenges to grow in the Maleic Anhydride Industry?
➤What are the market opportunities and challenges faced by the key vendors?
➤What are the barriers to entry for new players in the Maleic Anhydride Industry?
Recent Developments
• In June 2023, PETRONAS Chemicals Group Berhad (PCG) announced its acquisition of the 113 kilo-tonnes per annum (ktpa) Maleic Anhydride (MAn) plant situated in Gebeng, Kuantan, from BASF PETRONAS Chemicals Sdn. Bhd. (BPC)
• In November 2023, Clariant announced the acquisition of Jiangsu Shenghong Petrochemical Co., Ltd. The contract entails the utilization of Clariant's SynDane 3142 LA catalyst to establish a new maleic anhydride (MA) production facility in Lianyungang, Jiangsu province
• In October 2023, Huntsman announced a maleic anhydride production at its Moers facility in Germany following an unforeseen maintenance shutdown that temporarily suspended operations. The Moers plant is known for its significant annual production capacity of 105,000 tons of maleic anhydride.
Scope of the Report:
Rising demand for product reliability, increase in business analytics, and powerful compliance regulations are the major key drivers for the growth of the Maleic Anhydride Market. An overview of the Maleic Anhydride Market with valuable sources creates opportunities for the Maleic Anhydride Market business in the coming years. Each industry segmentation allows readers to understand the difficulties of industry situations.
Highlights of The Maleic Anhydride Industry Report:
➤ A complete backdrop analysis, which includes an assessment of the Maleic Anhydride Industry.
➤ Significant changes in business dynamics.
➤ The Maleic Anhydride Market business segmentation up to the second or third level.
➤ The historical, current, and projected size of the business from the standpoint of both value and volume.
➤ Reporting and evaluation of present industry developments.
➤ Business shares and strategies of key players in the Maleic Anhydride Market.
➤ Emerging trends, segments, and regional markets.
➤ An objective assessment of the trajectory of the Maleic Anhydride Market.
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As per new analytical studies published by GME, the Maleic Anhydride Market is tended to identify a striking amplification in CAGR by 5.8% covering the estimated duration (2020-2026). Maleic anhydride [C₂H₂(CO)₂O] is an organic compound. Maleic Anhydride is formed by oxidization of benzene or butane. Colorless, solid white, and acrid odor are some of the features of maleic anhydride. The applicability of maleic anhydride can be seen used in industries…
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Latest industry research report on: Global Maleic Anhydride Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Maleic anhydride is flammable, colorless, and has an acrid odor. It is produced from the oxidation of n-butane and benzene. The process of conversion of n-butane and benzene is through fixed bed, fluidized bed, and moving bed or catalyst bed at high temperatures. Maleic anhydride is used in products…
