Maleic Anhydride Market Overview:
The market is anticipated to achieve a 6.65% CAGR during the forecast period (2018-2023) to reach an impressive valuation of USD 5.50 bn from its previous valuation of USD 3.4 billion in 2017.
Maleic Anhydride Market Key Competitors:
Prominent maleic anhydride market influencers are Ashland Inc. (US), Bartek Ingredients Inc. (Canada), Bluestar Harbin Petrochemical Corp. (China), Huntsman Corporation (US), Lanxess (Germany), Marathon Petroleum Corp. (US), Fuso Chemical Co. (Japan), Mitsubishi Chemical Corporation (Japan), Nan Ya Plastics Co.(China), Changzhou Yabang Chemical Co. Ltd (China), Helm AG (Germany), Polynt Group (Italy), Ningbo Jiangning Chemical (China), Nippon Shokubai Co. Ltd (Japan), Thirumalai Chemicals Ltd (India), and others.
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Maleic Anhydride Market Regional Analysis:
Geographic analysis of the maleic anhydride market incorporates North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA).
The APAC has the largest market share. The region is showing extraordinary growth rate in automotive and construction sectors which is squarely pushing the maleic anhydride market forward. Countries such as India, China, and Indonesia are making a substantial contribution to the regional maleic anhydride market growth.
Europe also has a substantial portion of the market. However, the region is expecting dampened speed owing to its slow growth in the construction sector and strict regulations regarding bio-sustainability imposed by governments that bog down the expected growth rate.
North America is also experiencing sluggish pace owing to a slowdown in downstream industries. However, Latin America’s market is expanding as many of the North American companies are shifting their base to Brazil and Argentina.
Maleic Anhydride Market Segmentation Analysis:
The global maleic anhydride market can be segmented by raw material, application, and end-user.
By raw material, the maleic anhydride market can be segmented into n-Butane and Benzene. N-Butane has the maximum market share as per the details of 2018.
Based on end-users, the maleic anhydride market comprises construction, automotive, food & beverages, textile, pharmaceuticals, personal care, agriculture, and others. Construction segment has the maximum market share, but the automotive segment is about to register the fastest growth rate.
Maleic Anhydride Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Market Dynamics of Global Maleic Anhydride Market
Maleic Anhydride Market Table of Content to be Continue…….,
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