Global Maleic Anhydride Market To Be Driven By The Rising Demand For The Compound From The Food And Beverage Industry In The Forecast Period Of 2023-2028

The new report by Expert Market Research titled, ‘Global Maleic Anhydride Market Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global maleic anhydride market, assessing the market based on its segments like product types, end user industries, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/maleic-anhydride-market/requestsample

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 5%

Maleic anhydride is a crucial ingredient in the production of fumaric acid. Hence, the increasing demand for fumaric acid in the food and beverage industry for the production of a variety of food items such as wheat and corn tortilla, rye bread, and fruit juice, among others, is anticipated to propel the market growth in the forecast period. The rising demand for maleic anhydride for the production of unsaturated polyester resin, which has a high demand in the building and construction industry is further bolstering the market in the forecast period. Geographically, the Asia Pacific region accounts for a significant share in the market owing to the strong foothold of major manufacturers in the region.

Industry Definition and Major Segments

Maleic anhydride is defined as an unsaturated compound, which is cyclic dicarboxylic in nature. The compound is obtained by removing all the water molecules from its structure. Maleic anhydride is a highly reactive chemical intermediate with a flash point of 218°F and is widely applied in the field of industrial chemistry. The main use of this compound is in the production of polyester resins, pesticides, and fumaric and tartaric acids.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/maleic-anhydride-market

On the basis of product type, the market can be segmented into:

• Unsaturated Polyester Resin
• BDO (Butanediol)
• Lubricant Additives
• Maleic Anhydride Copolymers
• Malic Acid
• Furmaric Acid
• Alkyl Succinic Anhydrides
• Surfactants and Plasticisers
• Others

Based on end user industry, the market can be classified into:

• Construction
• Automobile
• Food and Beverage
• Oil Products
• Electronics
• Personal Care
• Pharmaceuticals
• Agriculture

The regional markets for maleic anhydride include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The key trends in the maleic anhydride market include the thriving construction sector in the emerging economies owing to the rapid urbanisation, increasing standards of living and rising population. In addition to this, the increasing demand for chemical intermediates in the agriculture industry for the manufacturing of high-quality protection chemicals is anticipated to be another major trend in the market. The technological advancements and growing R&D activities in the automotive, electronics, and pharmaceutical industry are anticipated to offer lucrative opportunities to the market in the forecast period. Hence, these trends are likely to catapult the demand for maleic anhydride in the coming years.

Key Market Players

The major players in the market are Huntsman International LLC, Shandong Hongxin Chemical Co. Ltd, Helm AG, Mitsubishi Chemical Corporation, and Ningbo Jiangning Chemical Co. Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:

Industrial Hydrofluoric Acid Market: https://www.expertmarketresearch.com/reports/industrial-hydrofluoric-acid-market

Millimeter Wave Technology Market: https://www.expertmarketresearch.com/reports/millimeter-wave-technology-market

LED Video Walls Market: https://www.expertmarketresearch.com/reports/led-video-walls-market

About Us:

Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customizes syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work diligently to ensure that clients get only the most updated, relevant, accurate, and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: Frara Prih, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

Leave a Comment