Global Maleic Anhydride Market to Forsee Admirable Growth of CAGR of 3.9 and to Reach Value of USD 3.1 Billion by 2028 | Increasing car Accident across the Globe is Driving the Market | Key Players, Trend, Revenue Analysis | Vantage Market Research


WASHINGTON, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Maleic Anhydride Market finds that the soaring demand for unsaturated polyester resin is accelerating the market growth. In addition, the increasing demand for lubricating oil additives in different regions and technological advancements in manufacturing technologies are anticipated to enhance the Global Maleic Anhydride Market growth during the forecast period.

The Global Maleic Anhydride Market revenue is expected to reach a value USD 3.1 Billion in 2028.

The Global Market revenue was valued at USD 2.5 Billion in 2021 and is expected to grow and exhibit a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period; states Vantage Market Research, in a report, titled “Maleic Anhydride Market Size, Share & Trends Analysis Report by Raw Material (N-Butane, Benzene), by Application (UPR, 1,4-BDO, Lubricating Oil Additives, Copolymers), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).

Get Access to a Free Copy of Our Latest Sample Report @ https://www.vantagemarketresearch.com/maleic-anhydride-market-1780/request-sample

Key Industry Findings & Insights from the report:

  • The global Maleic Anhydride Market was valued USD 2.5 Billion in 2021 and is all set to surpass USD 3.1 Billion by 2028, exhibiting a CAGR of 3.9% during the forecast period 2021-2028.        
  • In terms of revenue, the application segment held the largest revenue share of in 2021 and is estimated to maintain its dominance for the forecast period.
  • In terms of revenue, the product segment held the second largest market share of in 2021 and is estimated to grow rapidly during the forecast period.
  • The growth can be attributed to rapid urbanization, technological advancement, an increase in investment by developing countries.
  • Asia Pacific captured the lion share in 2021 and is projected to retain its position over the forecast period. This can be attributed to the existence of a significant number of Maleic Anhydride industry companies and the high adoption rate owing to government measures that stimulate this industry in this region. The growth is primarily due to the increasing collaborations.

Market Dynamics:

Driver:

A Rise in Demand for UPR & 1, 4-BDO in the Automotive Industry to Drive the Market Growth

The growth in the selling of passenger cars and commercial vehicles is expected to propel the Maleic Anhydride Market in the automotive manufacturing industry. In addition, Maleic Anhydride Market is utilized as an ingredient in UPR that is further used in manufacturing automotive composites like body panels, closure panels, fenders, Grille Opening Reinforcement, headlamp reflectors, heat shields, and pick-up boxes. Also, Maleic Anhydride Market copolymers produce lubricant additives such as viscosity index improver, pour point depressant, and dispersant. As a result, the rising sales of passenger and commercial vehicles across the globe are enhancing the Maleic Anhydride Market growth.

Purchase This Premium Report (Price 4500 USD for a single-user license) at @ https://www.vantagemarketresearch.com/buy-now/maleic-anhydride-market-1780/0

Benefits of Purchasing Maleic Anhydride Market Reports:               

  • Customer Satisfaction: Our sales team of experts will available for you 24/7.
  • Analyst Support: Speak to our analyst about your questions before or after purchasing the report.
  • Assured Quality: Focuses on perfection and quality of reports.
  • Incomparable Skills: Our Analysts in-depth insights are beyond comparison.

Furthermore, in the past five years, the motorization rate has been augmented in developed & developing regions. This is mainly because of the increase in disposable income of people and the industrial expansion. Besides, the consistent growth in the number of vehicles is escalating the demand for functional fluids, engine oil, and automotive components in developing countries; as a result, influencing the Maleic Anhydride Market growth indeed.

Segment Analysis:

  • Raw Material
    • N-Butane
    • Benzene
  • Application
    • UPR
    • 1,4-BDO
    • Lubricating Oil Additives
    • Copolymers
    • Other Applications
  • Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

The report on Maleic Anhydride Market highlights:

  • Assessment of the market
  • Premium Insights
  • Competitive Landscape
  • Historic Data, Estimates, and Forecast
  • Company Profiles
  • Global and Regional Dynamics

Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/maleic-anhydride-market-1780

Regional Analysis:

Asia Pacific Dominated the Global Maleic Anhydride Market

Asia Pacific is dominating the Global Maleic Anhydride Market and is expected to continue its dominance during the forecast period owing to the increase in automotive production. Moreover, the increasing domestic industries, growing demand from end-use industries, and rise in use of Maleic Anhydride Market in several applications like pharmaceuticals and agricultural chemicals.

The Asia Pacific has emerged as the prominent manufacturer and consumer owing to the favorable government initiatives by the Indian and Chinese governments. In this region, most of the demand will likely come from the construction and plasticizers businesses. As a result, the growth in the construction industry is one of the critical aspects fuelling the applications of Maleic Anhydride Market in the region. Also, the increase in disposable income, rapid industrialization, and the surge in construction expenses in developing economies such as India, China, Japan, and Indonesia will propel the product demand.

List of Prominent Players in Maleic Anhydride Market:

  • 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. (Saudi Arabia)
  • 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 (Bosnia & Herzegovina)
  • 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)

Browse market data Tables and Figures spread through 144 Pages and in-depth TOC on "Maleic Anhydride Market Size, Share & Trends Analysis Report by Raw Material (N-Butane, Benzene), by Application (UPR, 1,4-BDO, Lubricating Oil Additives, Copolymers), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".

Recent Developments:

May 2021: The first phase of Ibn Sina Petrochemical Company's Maleic Anhydride Market project will be introduced in Mahshahr soon. Under the National Petrochemical Company, the project will be the first plant to complete the butane feedstock supply value chain. The first phase of the Maleic Anhydride Market project consists of the butane separation unit and is likely to be put into operation shortly; adding Maleic Anhydride Market is extensively used in the production of the unsaturated resin and is now a big part of the country's needs in the production of unsaturated polyesters is met through imports.

September 2020: AOC Resins, a leading producer and supplier of resins and specialty materials, announced it had successfully acquired the Maleic Anhydride Market business and manufacturing facility in Neal, West Virginia, from Ashland Global Holdings. The purchase of the Maleic Anhydride Market business strengthens the supply chain for vital ingredients in making the unsaturated polyester resins (UPR)—AOC’s primary business. Also, it creates new opportunities in the Maleic Anhydride Market merchant market that was unattainable before the acquisition.

Key Questions Answered in The Report:

  • Which region will show the fastest and highest growth in the near future?
  • Which are the top five players and their weakness and strength of the Market?
  • What will be the future innovation in the upcoming six years?
  • Which application and product will lead the largest share of the Market?
  • What are the growth drivers, restraints and challenges of the industry?
  • What will be the CAGR and size of the Maleic Anhydride Market for the base year and forecast period?

This market titled “Maleic Anhydride Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:

ParameterDetails
Market Size Provided for Years2016-2028
Base Year2021
Historic Years2016-2020
Forecast Years2022-2028
Segments Covered• Raw Material

   • N-Butane

   • Benzene

• Application

   • UPR

   • 1,4-BDO

   • Lubricating Oil Additives

   • Copolymers

   • Other Applications

• Region

   • North America

   • Europe

   • Asia Pacific

   • Latin America

   • Middle East & Africa
Region & Counties Covered • North America

   • U.S.

   • Canada

   • Mexico

• Europe

   • U.K

   • France

   • Germany

   • Italy

   • Spain

   • Rest Of Europe

• Asia Pacific

   • China

   • Japan

   • India

   • South Korea

   • South East Asia

   • Rest Of Asia Pacific

• Latin America

   • Brazil

   • Argentina

   • Rest Of Latin America

• Middle East & Africa

   • GCC Countries

   • South Africa

   • Rest Of Middle East & Africa

Companies Covered • 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. (Saudi Arabia)

• 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 (Bosnia & Herzegovina)

• 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)
Report CoverageMarket growth drivers, restraints, opportunities, Porter’s five forces analysis,
PEST analysis, value chain analysis, regulatory landscape, technology landscape,
patent analysis, market attractiveness analysis by segments and North America,
company market share analysis, and COVID-19 impact analysis

Customization of the Report:

The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

Browse More Related Report:

  • Refrigeration Oil Market - Global Refrigeration Oil Market was valued USD 1,029.4 Million in 2021 and is anticipated to reach a value of USD 1,295 Million by 2028. The Global Market is forecasted to grow to exhibit a Compound Annual Growth Rate (CAGR) of 3.9% over the forecast period.
  • Heat Meter Market - Global Heat Meter Market was valued USD 2.3 Million in 2021 and is anticipated to reach a value of USD 2.7 Million by 2028. The Global Market is forecasted to grow to exhibit a Compound Annual Growth Rate (CAGR) of 2.9% over the forecast period.
  • Fertilizer Market - Global Fertilizer Market is valued at USD 191.5 Billion in the year 2021 and is forecasted to reach a value of USD 219.4 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 2.3% over the forecast period.
  • Crop Protection Chemicals Market - Global Crop Protection Chemicals Market is valued at USD 63.8 Billion in the year 2021 and is projected to reach a value of USD 75.2 Billion by the year 2028. The Global Market is anticipated to grow exhibiting a Compound Annual Growth Rate (CAGR) of 2.8% over the forecast period.
  • Forging Market - Global Forging Market was valued at USD 74.1 Billion in the year 2021 and is expected to reach a value of USD 98.7 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 4.9% over the forecast period.
  • B2B Payments Market - Global B2B Payments Market is valued at 903.50 USD Billion in 2021 and is projected to reach a value of 1,618.15 USD Billion by 2028 at a CAGR of 10.20% over the forecast period.

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research reports. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.

Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/

Follow Us on Twitter: https://twitter.com/vantagemarketr

Contact us

Eric Kunz

6218 Georgia Avenue NW Ste 1 - 564

Washington DC 20011-5125

United States Tel: +1 202 380 9727

Email: sales@vantagemarketresearch.com

Website: https://www.vantagemarketresearch.com/

Latest Vantage Market Research Press Releases @https://www.vantagemarketresearch.com/insight/press-releases

Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs

Blog: