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Demand For Maleic Anhydride Is Grow At An Impressive 3.4% CAGR Through 2032

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Maleic anhydride Market Analysis by Raw Material (Benzene and n-butane), by Application (UPR, 1,4-BDO, Lubricating Oil Additives, Copolymers), and by Region – Global Forecast – 2022 to 2032

The market for maleic anhydride was estimated at US$ 2.8 billion in 2021, and in 2022, it is expected to reach US$ 2.9 billion. Demand is anticipated to increase between 2022 and 2032 at a value CAGR of 3.4%, potentially reaching US$ 4.1 billion by the conclusion of the assessment period.

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Prominent Key Players Of The Maleic Anhydride Market Survey Report:

  • Huntsman Corporation
  • Changzhou Yabang Chemical Co., Ltd.
  • Polynt-Reichhold Group
  • Mitsubishi Chemical Corporation
  • Nippon Shokubai Co., Ltd.
  • LANXESS AG
  • Gulf Advanced Chemical Industries Co., Ltd.
  • Yongsan Chemical Co., Ltd.
  • IG Petrochemicals Ltd.
  • MOL Plc.

Key Segments Covered in the Maleic Anhydride Industry Report

  • Maleic Anhydride Market By Raw Material :
    • n-butane
    • Benzene
  • Maleic Anhydride Market By Application :
    • UPR
    • 1,4 – BDO
    • Lubricating Oil Additives
    • Copolymers
    • Others
  • Maleic Anhydride Market By Region :
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

Competitive Landscape

The global market for Maleic Anhydride is characterized by the presence of multiple vendors, aiming to offer extensive products to consumers. Additionally, key makers are focusing on developing the technologies supported by the implementation of stringent government regulations, and are offering solutions tailor-made to suit their business objectives. In addition, the vendors are likely to leverage upgradation and product differentiation to gain an edge over other competitors in the market.

Key Challenges Prevalent in the Global Maleic Anhydride Market

Crude oil costs play a major role in the maleic anhydride market. Any structural change in the oil market impacts the raw material expenses for maleic anhydride. The fluctuations of crude oil prices tend to place the maleic anhydride producers in detrimental situations, which affect profitability.

What makes Fact.MR report stand out from others?

  • MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Maleic anhydride market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
  • Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Maleic anhydride market, thus, making it different and special from other reports.
  • Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
  • Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Maleic anhydride market and assists to create strategies to overcome the obstacles that may hinder the growth of the Maleic anhydride market.
  • Leverage: The Maleic anhydride market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
  • Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
  • Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Maleic anhydride market.

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