Maleic Anhydride Market Worth $3.5 Billion by 2024 - Exclusive Report by MarketsandMarkets™

CHICAGO, March 4, 2020 /PRNewswire/ -- According to the new market research report "Maleic Anhydride Market by Raw Materials (N-butane and Benzene), Application (Unsaturated Polyester Resins (UPR), 1,4-butanediol (1,4-BDO), Lubricating Oil Additives, and Copolymers), and Region - Global Forecast to 2024", published by MarketsandMarkets™, the Maleic Anhydride Market is projected to reach USD 3.5 billion by 2024, at a CAGR of 4.5% from USD 2.8 billion in 2019.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=31705758

Browse in-depth TOC on "Maleic Anhydride Market"
117 – Tables
43 – Figures
157 – Pages

View Detailed Table of Content Here:
https://www.marketsandmarkets.com/Market-Reports/maleic-anhydride-market-31705758.html#utm_source=PRNewswire&utm_medium=Referal&utm_campaign=PaidPR

The market is driven by the growing automotive industry and rapid industrialization in the APAC region. The growing automotive industry in emerging economies, such as China, India, and Japan, is fueling the growth of the maleic anhydride market in the region. Another major factor contributing to the growth of the maleic anhydride market is rising global demand for UPR and 1,4-BDO.

N-butane-based maleic anhydride to register the highest CAGR in the global maleic anhydride market, between 2019 and 2024

The maleic anhydride market is segmented by raw material into n-butane and benzene. N-butane is the widely used raw material and witnesses the highest CAGR in the global maleic anhydride market. The factors driving the n-butane-based maleic anhydride market are its low-cost process with higher productivity, low risk involved, and less complex production process. It is also less harmful to the environment and therefore preferred over benzene.

UPR to be the fastest-growing application segment of the global maleic anhydride market during the forecast period

UPR is projected to be the fastest-growing application of maleic anhydride during the forecast period. This is due to the rapid growth of the building & construction, automotive, and marine industries in the APAC region. In addition, the increasing demand for automobiles can be attributed to the increasing disposable income of people and industrial growth in this region.

Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=31705758

APAC to be the largest as well as the fastest-growing market for maleic anhydride during the forecast period

APAC is the largest of maleic anhydride market and is expected to witness the highest CAGR between 2019 and 2024. Stable economic growth in the APAC region, coupled with rising disposable income, is driving the market for maleic anhydride. In addition, increased demand for maleic anhydride in key countries, such as China, Japan, and India, are contributing to the growth of the maleic anhydride market in the region.

The key Maleic Anhydride Market players profiled in the report include Huntsman International LLC (US), Changzhou Yabang Chemical Co., Ltd. (China), Shanxi Qiaoyou Chemical Co., Ltd. (China), Polynt-Reichhold Group (Italy), Zibo Qixiang Tengda Chemical Co., Ltd. (China), LANXESS (Germany), Nippon Shokubai Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), Ningbo Jiangning Chemical Co., Ltd. (China), and Gulf Advanced Chemical Industries Co., Ltd. (GACIC) (Saudi Arabia) among others.

Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=31705758

Browse Adjacent Markets: Bulk Chemicals and Inorganics Market Research Reports & Consulting

Related Reports:

Unsaturated Polyester Resins Market by Type (Orthophthalic, Isophthalic & DCPD), End-Use Industry (Building & Construction, Marine, Land Transportation, Pipes & Tanks, Artificial Stone, Wind Energy, Electrical & Electronics) - Global Forecast to 2021

1,4 Butanediol Market by Technology (Reppe process, Davy process, Butadiene process, Propylene oxide process and others), and by Application (THF, PBT, GBL, PU, and Others) - Global Trends & Forecasts to 2019

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/maleic-anhydride-market.asp 
Visit Our Website: https://www.marketsandmarkets.com 
Content Source: https://www.marketsandmarkets.com/PressReleases/maleic-anhydride.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg