MALEIC ANHYDRIDE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Name: Maleic Anhydride Market Challenges and Opportunities
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Maleic Anhydride Market Size, Maleic Anhydride Market Share, Maleic Anhydride Market Trends, Maleic Anhydride Market Growth, Maleic Anhydride Market Analysis, Maleic Anhydride Market Forecast, Maleic Anhydride Market Report, Maleic Anhydride Industry Report

Maleic Anhydride Market, By Raw Material (n-butane and Benzene), By Application (Unsaturated polyester resins (UPR), 1,4-butanediol (BDO), Additives (Lubricants and Oil), Copolymers, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Dec 2024
Code : CMI7630
Pages :138
Formats :
Excel and PDF
Industry : Bulk Chemicals

This market is expected to witness steady growth over the forecast period driven by increasing demand from construction and automotive industries. The growing infrastructure development activities across major economies will boost consumption of unsaturated polyester resins where maleic anhydride is used. Additionally, recovery in the automotive production post pandemic will further propel the product demand.
Asia Pacific currently dominates the market and is likely to continue its dominance fueled by thriving end-use industries in China and India. Presence of emerging economies with expanding construction spending is expected to drive the regional market growth. However, fluctuations in crude oil prices can adversely impact the market growth. Meanwhile, stringent environmental regulations regarding emissions may restraint the market to some extent.
The companies operating in the market are focusing on capacity expansions as well as strategic partnerships to cater to growing product demand. Developing bio-based routes for maleic anhydride production can provide new market opportunities. Moreover, growing penetration of lightweight materials in automotive where maleic anhydride-based polymers are used is anticipated to boost the market growth.