Maleic Anhydride Market

Maleic Anhydride Market Size, Share, Growth Analysis, By Application(Unsaturated Polymer Resin (UPR), 1-4), By Regional(North America, Europe) - Industry Forecast 2024-2031


Report ID: UCMIG15A2196 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Maleic Anhydride Market Insights

Market Overview:

The global maleic anhydride market was worth USD 4.22 billion in 2022 and is expected to increase at a compound annual growth rate, or CAGR, of 4.2% between 2023 and 2030. The product market is expanding due to increased demand for unsaturated polyester resins (UPR), which is the primary component used in fibreglass reinforced resins, which are then used in automotive and marine applications, as well as construction products such as sinks, countertops, and tubs.

Maleic Anhydride Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Maleic Anhydride was estimated to be valued at US$ XX Mn in 2021.

The Maleic Anhydride Market is estimated to grow at a CAGR of XX% by 2028.

The Maleic Anhydride Market is segmented on the basis of Application, Regional.

Based on region, the Maleic Anhydride Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Maleic Anhydride Market are Huntsman Corporation, Laxness AG, MOL Hungarian Oil & Gas Plc, Nippon Shokubai Co., Ltd., Thirumalai Chemicals Ltd., Compania Espanola de Petroleos, S.A., DSM N.V..

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Maleic Anhydride Market

Product ID: UCMIG15A2196

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