The global maleic anhydride market is
anticipated to reach USD 4.11 billion by 2024, according to a new report by
Grand View Research, Inc. Rising UPR demand in various end-use industries including
construction and automotive is expected to drive growth over the next eight
years.
Growing maleic anhydride demand
for additives manufacturing for fuel oils and lubricants is expected to drive
market growth in near future. N-butane is the preferred raw material in MAN
manufacturing owing to low cost, high productivity, less complex production
process, and environment-friendly nature.
The majority of product
produced globally is utilized for the production of UPR. The application
segment accounted for 50.5% of the total demand in 2015. Growing construction,
automotive and marine industry, especially in BRICS economies is expected to
drive demand over the next eight years.
BDO is anticipated to witness
the fastest growth over the next eight years owing to wide acceptance of the
product in manufacturing synthetic chemicals such as polyurethane and
tetrahydrofuran. The segment is anticipated to reach a net revenue of USD 435.9
million in China market by 2024, growing at an estimated CAGR of 8.7% from 2016
to 2024.
Full
Research Report On maleic anhydride market Analysis:
http://www.grandviewresearch.com/industry-analysis/maleic-anhydride-market
http://www.grandviewresearch.com/industry-analysis/maleic-anhydride-market
Further key findings from the report
suggest:
·
The global maleic anhydride
market demand was 1,845.0 kilo tons in 2015 and is expected to reach 2,987.2
kilo tons by 2024, growing at a CAGR of 5.5% from 2016 to 2024
·
Asia Pacific was the leading
regional market with demand share estimated at 57.6% in 2015. In addition, the
region is expected to grow at fastest rates over the next eight years owing to
increasing UPR consumption in construction and automotive industries
particularly in China, India, and Indonesia.
·
North America maleic anhydride
demand accounted for 14.7% of the global volume in 2015.The U.S. MAN market is
estimated to grow at a CAGR of 4.7% to reach a total demand of 327.4 kilo tons
by 2024.
·
Central & South America MAN
demand in lubricant and oil additives is anticipated to reach a net worth of
USD 22.6 million by 2024. Significant developments in lubricant and fuel oil
industries coupled with technological advancements are expected to steer demand
in the sector.
·
Major players operating in the
industry include Huntsman, DSM NV, Lanxess AG, Yabang Jiangsu, Nippon Shokubai
Co Ltd, Polynt SpA, Ashland Chemical Co, and Flint Hills Resources.
View More Reports Of This Category By Grand
View Research At: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has
segmented the global maleic anhydride market on the basis of application and
region.
Global Maleic Anhydride Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Unsaturated polyester resin
(UPR)
·
1,4- butanediol (BDO)
·
Additives
·
Copolymers
·
Others
Global Maleic Anhydride Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o Japan
·
Middle East & Africa
·
Central & South America
Access
Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/maleic-anhydride-market-report
https://www.grandviewresearch.com/press-release/maleic-anhydride-market-report
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: https://www.grandviewresearch.com/
