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Maleic Anhydride Plays Market Business Overview, New Opportunities & SWOT Analysis to 2030

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Maleic Anhydride Plays Market Business Overview, New Opportunities & SWOT Analysis to 2030

Maleic anhydride plays a pivotal role in the manufacturing of coatings and polymers such as 1,4-butanediol (BDO) and unsaturated polyester resins (UPR). The global maleic anhydride market is expected to reach a valuation of USD 5.50 billion by 2023 from its previous market worth of USD 3.4 billion in 2017 at a 6.65% CAGR during the forecast period (2022-2030). Market Research Future’s (MRFR) report on the maleic anhydride market includes a detailed study of the segments and market drivers for a better understanding of the coming years.

Key Competitors: Prominent maleic anhydride market influencers are Ashland Inc. (US), Bartek Ingredients Inc. (Canada), Bluestar Harbin Petrochemical Corp. (China), Huntsman Corporation (US), Lanxess (Germany), Marathon Petroleum Corp. (US), Fuso Chemical Co. (Japan), Mitsubishi Chemical Corporation (Japan), Nan Ya Plastics Co.(China), Changzhou Yabang Chemical Co. Ltd (China), Helm AG (Germany), Polynt Group (Italy), Ningbo Jiangning Chemical (China), Nippon Shokubai Co. Ltd (Japan), Thirumalai Chemicals Ltd (India), and others.

Browse In-depth Market Research Report (100 Pages) on Maleic anhydride plays Market:

https://www.marketresearchfuture.com/reports/maleic-anhydride-market-6710

The burgeoning coating and polymer industry is spurring the demand for 1,4 BDO and UPR. These two components are needed in large scale for the production and are consequently, driving the maleic anhydride market. At the same time, the maleic anhydride market is experiencing impacts of the burgeoning automotive sector. Automotive sector requires lubricant for smooth functioning, and it is not only during production but after as well. This shows the scope for maleic anhydride market to penetrate and operate for maximizing benefits.

Segmentation: By raw material, the maleic anhydride market can be segmented into n-Butane and benzene, of which n-Butane can be attributed with the maximum market share as of 2017.

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Application-wise, the maleic anhydride market can be segmented into unsaturated polyester resin (UPR), copolymers, lubricant additives, alkenyl succinic anhydrides, malic acid, fumaric acid, and others. UPR segment, as of 2017, is dominating the market, whereas copolymers are expected to record the fastest growth rate during the forecast period.

However, government regulations are strict as the product has adverse side-effects. Furthermore, companies opting for green alternatives can pose a serious threat to the expected maleic anhydride market expansion during the forecast period. But bio-based maleic anhydride on the cusp of commercialization can be of significant importance for the market stability.

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Regional Analysis: Asia Pacific (APAC) has the largest market share as per the report published in 2017. The regional market largely banks on the speeding growth of the automotive industry and construction sector that is rapidly cementing its market foothold. India, China, and Indonesia are going to gain the most from such a handshake between industries. With the prediction of the regional market’s scope to achieve the maximum CAGR, the warmth of this partnership shared among industries can be felt quite easily. Furthermore, the lubricant market is also showing positive signs of growth in emerging economies such as Thailand.

Research Methodology: The report has its roots firmly set in meticulous strategies provided by the white-glove data analysts of Market Research Future (MRFR). These strategies involve gathering of information by expert analysts only to have them analyzed and filtered minutely in an endeavor to provide relevant predictions about the market in the coming years. It further incorporates interviews with chief market influencers which makes the primary research pertinent and effective. The secondary method gives a clear peek into the demand and supply relationship. The method has at its core precise data analysis; the emphasis is on top-down and bottom-up approaches which gives a commendable tour of the entire industry. 

Key Market Opportunities:

New product launches and R&D Amongst major key Players

 Key Market Drivers:

Augmenting demand from the automotive sector for lubricants

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About Market Research Future:


At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.


MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.


In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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