Fr. Jun 28th, 2024

Major aspects that fuel the market growth are discussed in this illustrative Maleic Anhydride Market research such as prospective, driving, restraining factors, latest trends and key advancements. Newly entering key players into the marketplace will obtain huge assistance by referring this Maleic Anhydride Market study report as it carries out detailed industry study along with depicting latest developments in the industrial sectors. Significant data provided here is of huge assistance for industry players to obtain detailed assessment of the market competition for the prediction period 2022-2027. By knowing competition for the upcoming period, key players can introduce novel products into the market and obtain huge profits in the business. It further catches data about market share, market tactics and industry volume.
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This Maleic Anhydride Market research enables to target specific products into the market and enhance the revenue rate of the business. It further helps to know more about global market position in major regions of the globe such as Europe, Asia Pacific, North America, Latin America, Middle East and Africa. It further aims to provide a comprehensive presentation of the market strategies and entire market scenario. Some of the crucial factors are highlighted in this Maleic Anhydride Market report include continuously evolving consumer, buyer and vendor needs, key pricing structure, customer data, their preferences and buying attitude.
Top Players of Maleic Anhydride Market
The following are the key players in the Maleic Anhydride Market.
Huntsman International LLC
LANXESS AG
Ashland Inc.
Zibo Qixiang Tengda Chemical
Ningbo Jiangning Chemical Co., Ltd.
Polynt—Reichhold Group
Nippon Shokubai Co., Ltd.
Mitsubishi Chemical Corporation
Gulf Advanced Chemical Industries Co., Ltd. (GACIC)
Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL)
Growth drivers and Market Value:
This report, from Stratview Research, studies the Maleic Anhydride Market value and growth drivers over the trend period of 2022-27. According to the report –
Maleic anhydride market is likely to witness an impressive CAGR of 5.2% during the forecast period. Increasing penetration of composite materials in the automotive, aerospace, and construction industries is the prime factor that has boosted the demand for unsaturated polyester resins, which are used to manufacture composite materials. Rising disposable income along with increasing use of spandex in compression stockings, sportswear and medical textiles has boosted the demand for 1,4-butanediol. The escalating growth in the construction industries in BRIC countries and other developing economies is expected to further drive the growth of the maleic anhydride market. In addition, lenient government regulations, easy availability of land and raw materials, low labor and transportation costs are the major factors encouraging the key players to shift their manufacturing activities to developing economies such as China, India, Indonesia, and Brazil.
Segment Analysis:
Based on Application Type:
Based on the application type, the maleic anhydride market is segmented as unsaturated polyester resins (UPR), 1,4-butanediol (1,4-bdo), lubricating oil additives, copolymers, and others. The growth of the segment is mainly due to an increased demand for UPR from emerging economies, such as China and India, and its low price compared to the other epoxy resins. Increasing penetration of UPR in the marine, aerospace, automotive, construction, and chemical industries is expected to further drive the growth of the segment.
Based on Region:
In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, and India being the countries with lucrative growth opportunities. The growth of the market is mainly driven by the expanding automotive and rising construction sectors in the major economies of the region. Increasing adoption of maleic anhydride to manufacture bulk molding compounds and fiberglass reinforced plastics is expected to further drive the demand for maleic anhydride in the region. Increasing disposable income, rapid industrialization, urbanization, and increasing spending in the construction sector in the region are expected to further drive the region’s market.
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This Maleic Anhydride Market study report catches the impact of novel developments on the future market progress. There are a number of major industries already began adopting novel procedures, new headways, extensions, mergers and novel product launches to survive in the market and drive the business growth. It becomes easy for new players to rule the market and increase the product collection with this market research analysis. It focuses on major market segments. This Maleic Anhydride Market analysis is an effective tool to capture the COVID-19 impact on market developments and business growth. It also enables to explore through important insights such as latest market advancements, current market scenario, novel opportunities, challenges and market drivers.
Making sound and calculated decision for the benefit of business is important and this Maleic Anhydride Market report works as the best guide to help in this regard. It also enables to gauge through key competitors of the market and thorough analysis of the business scenario. Significant data gathered here is from interviews with leading business experts and primary research. Advanced data as well as statistics related to global market environment is also depicted in this market analysis.
Key features of the report –
– Qualitative and Quantitative market research
– Opportunity analysis
– Market Assessment
– Competitive Landscape
– Industry best practices assessment
– Product Research & Revenue Estimations
– Market Trend Analysis
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