Lucintel Forecasts the Global Maleic Anhydride Market to Reach $2.8 billion by 2030
Lucintel Forecasts the Global Maleic Anhydride Market to Reach $2.8 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global maleic anhydride market looks promising with opportunities in the UPR, 1,4-BDO, lubricating oil additive, and copolymer market. The global maleic anhydride market is expected to reach an estimated $2.8 billion by 2030 from $2.2 billion in 2024,at a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are rising demand for UPR & 1,4-BDO from the automotive industry, growing use of composite materials in the building, automotive, and aerospace industries, and development of the building and construction industry.
A more than 150-page report to understand trends, opportunity and forecast in maleic anhydride market to 2030 by raw material (n-butane and benzene), application (UPR, 1,4-BDO, lubricating oil additive, copolymer, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the raw material category, n-butane is expected to witness the higher growth over the forecasts period due to stringent policies and regulations on the use of benzene for maleic anhydride production.
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In terms of regions, APAC is expected to witness the highest growth over the forecasts period due to developing the region building, pharmaceutical, and personal care and cosmetics businesses.
Huntsman, Changzhou Yabang Chemical, Shanxi Qiaoyou Chemical, Polynt-Reichhold, Zibo QixiangTengda Chemical, Mitsubishi Chemical, Nippon Shokubai, LANXESS, Gulf Advanced Chemical Industries, Ningbo Jiangning Chemical are the major suppliers in the maleic anhydride market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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