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The Maleic Anhydride Market Industry is projected to reach a value of USD 4.30 billion by 2030, with an estimated worth of USD 3.03 billion in 2022. It is expected to exhibit a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period from 2023 to 2030.
This market analysis highlights the significant growth potential of the Maleic Anhydride industry. With a steady increase in demand and advancements in various sectors, such as construction, automotive, and chemical manufacturing, the market is poised for substantial expansion.
By 2030, the Maleic Anhydride Market is anticipated to witness a remarkable surge, reaching a value of USD 4.30 billion. This growth can be attributed to several factors, including the rising need for unsaturated polyester resins, which find extensive applications in the production of fiberglass-reinforced plastics. Additionally, the increasing demand for maleic anhydride in the manufacturing of lubricant additives, agricultural chemicals, and pharmaceutical intermediates further contributes to the market's positive trajectory.
Furthermore, the market is expected to experience steady growth throughout the forecast period, with a CAGR of 4.5%. This growth can be attributed to the expanding automotive industry, where maleic anhydride is utilized in the production of automotive coatings, adhesives, and sealants. Moreover, the construction sector's continuous development, coupled with the increasing use of maleic anhydride in the production of construction materials, is expected to drive market growth.
In conclusion, the Maleic Anhydride Market is poised for substantial expansion, with a projected value of USD 4.30 billion by 2030. The market's growth is driven by the increasing demand for maleic anhydride in various industries, including construction, automotive, and chemical manufacturing. With a CAGR of 4.5% over the forecast period, this market is expected to continue its upward trajectory and reach new heights in the coming years.
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Key Players:
Ningbo Jiangning Chemical (China), Changzhou Yabang Chemical Co. Ltd (China), Ashland Inc. (US), Bartek Ingredients Inc. (Canada), Huntsman Corporation (US), Lanxess (Germany), Helm AG (Germany), Marathon Petroleum Corp. (US), Fuso Chemical Co. (Japan), Mitsubishi Chemical Corporation (Japan), Thirumalai Chemicals Ltd (India), Bluestar Harbin Petrochemical Corp. (China), Polynt Group (Italy), Nan Ya Plastics Co.(China), Nippon Shokubai Co. Ltd (Japan)
MARKET SEGMENTATION:
By Raw Material
By Application
By End-users
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Maleic Anhydride Market Industry By Raw Material
10.Emulsion Maleic Anhydride Market Industry By Application
11.Emulsion Maleic Anhydride Market Industry By End-Use
12.Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion
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