According to the report by Expert Market Research (EMR), the global maleic anhydride market size is projected to grow at a CAGR of 5% between 2024 and 2032. Aided by the ongoing advancements in chemical processing, the market is expected to grow significantly by 2032.
Maleic anhydride, a versatile organic compound, is widely used as an intermediate in the production of a variety of industrial chemicals. It is particularly known for its role in manufacturing unsaturated polyester resins (UPR), which are used extensively in coatings, fiberglass-reinforced plastics, and automotive parts. Its applications extend to the production of lubricant additives, agricultural chemicals, and as a key ingredient in the production of fumaric and tartaric acids.
The maleic anhydride market growth is majorly driven by its application in the production of unsaturated polyester resins. The increasing demand for UPR in automotive, construction, and marine industries, where it is used for lightweight, durable composites, is a significant growth factor. Furthermore, the growing use of fiberglass-reinforced plastics in various applications adds to the rising demand for maleic anhydride.
Get a Free Sample Report with a Table of Contents: https://www.expertmarketresearch.com/reports/maleic-anhydride-market/requestsample
Technological advancements in chemical processing have enhanced the efficiency and scalability of maleic anhydride production. Improved catalysis methods and the development of bio-based maleic anhydride are current trends that are influencing the maleic anhydride market outlook. These innovations are not only increasing production capacities but also paving the way for more sustainable and environmentally friendly production processes.
The Asia-Pacific region, led by China and India, is a dominant player in the global maleic anhydride market. The region’s growth is fuelled by rapid industrialisation, the expanding automotive sector, and significant investments in construction and infrastructure development. North America and Europe also hold substantial portions of the maleic anhydride market share, driven by advanced chemical industries and high demand in resin and coatings applications.
Looking ahead, the maleic anhydride market is expected to witness sustained growth, driven by ongoing industrial advancements and the rising demand in various end-use industries. The development of bio-based maleic anhydride and the exploration of new application areas are likely to be key trends in the future. Moreover, with increasing environmental awareness, the focus on sustainable and green chemistry practices is expected to intensify.
Maleic Anhydride Market Segmentation
The market can be divided based on product type, end use industry, and region.
Market Breakup by Product Type
- Unsaturated Polyester Resin
- BDO (Butanediol)
- Lubricant Additives
- Maleic Anhydride Copolymers
- Malic Acid
- Furmaric Acid
- Alkyl Succinic Anhydrides
- Surfactants and Plasticisers
- Others
Market Breakup by End Use Industry
- Construction
- Automobile
- Food and Beverage
- Oil Products
- Electronics
- Personal Care
- Pharmaceuticals
- Agriculture
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/maleic-anhydride-market
Competitive Landscape of Maleic Anhydride Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global maleic anhydride market. Some of the major players explored in the report by Expert Market Research are as follows:
- Huntsman International LLC
- Shandong Hongxin Chemical Co. Ltd
- Helm AG
- Mitsubishi Chemical Corporation
- Ningbo Jiangning Chemical Co. Ltd
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: Anna Poliatova, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
