Maleic Anhydride Market worth 5.08 Billion USD by 2020
Maleic Anhydride Market worth 5.08 Billion USD by 2020
The report "Maleic Anhydride Market by Raw Material (N-Butane and Benzene), by Application [UPR, 1,4BDO, Additives, Copolymers, and Others), and by Region (NA, APAC, Europe, Row) - Global Forecast to
2020", The maleic anhydride market size, in terms of value, is projected to reach USD 5.08 Billion by 2020, at a
CAGR of 6.8% between 2015 and 2020. The market is driven by the growing automotive industry and rapid
industrialization in the Asia-Pacific region. The increasing demand of automobiles in emerging economies such
as China, India, and Japan is fueling the growth of the maleic anhydride market in the region. Another major
factor contributing to the growth of maleic anhydride is rising global demand for UPR, and 1,4-BDO.
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Browse 86 market data Tables and 47 Figures spread through 120 Pages and in-depth TOC on"Maleic
Anhydride Market"
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N-Butane to account for the major share of the maleic anhydride market till 2020
The maleic anhydride market is segmented by raw material, namely, n-butane, and benzene. N-Butane is the
most preferred raw material and holds the major market share in global maleic anhydride market. The factors
driving the n-butane maleic anhydride market are its lower cost process with higher productivity, a lower
amount of risk involved, less complex production process, and it is less harmful to the environment.
Growing automotive industries and industrialization to drive the UPR application
The UPR application is leading the maleic anhydride market. This is owed to the rapid growth of the
automotive, construction & manufacturing, and marine industry in the Asia-Pacific region. The increasing
demand of automobiles can be attributed to the increasing disposable income of people and industrial growth
in this region. This growth in the automotive industry eventually contributes to the growth of UPR in the AsiaPacific region.
Asia-Pacific to be the largest as well as the fastest-growing market during the forecast period
The maleic anhydride market is broadly segmented into four regions, namely, Asia-Pacific, North America,
Europe, and Rest of the World. Asia-Pacific is the largest market for maleic anhydride, followed by North
America. Asia-Pacific is projected to be the fastest-growing market during the forecast period. Growing
industrialization, in the region, has offered enormous opportunity for the use industries of maleic anhydride in
the Asia-Pacific region.
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Currently, the global maleic anhydride market is dominated by various market players such as Huntsman
International LLC. (U.S.), Changzhou Yabang Chemical Co. Ltd. (China), Zibo QixiangTengda Chemical (China),
Ningbo Jiangning Chemical (China), Lanxess AG (U.S.), Polynt (Italy), Thirumalai Chemicals Ltd. (India), Ashland
Inc. (U.S.), Flint Hills Resources (U.S.), Nippon Shokubai Co., Ltd. (Japan), Mitsubishi Chemical Corporation
(Japan), Bartek Ingredients Inc. (Japan), Bluestar Harbin Petrochemical Corp (China), and others.
The research study is aimed at identifying emerging trends and opportunities in the global maleic anhydride
market along with a detailed classification of the market, in terms of value and volume. It provides a