A new Report by Delvens, titled "Maleic Anhydride Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The Maleic Anhydride market size is projected to reach a CAGR of 4.3% to 2028.
Maleic anhydride is a cyclic anhydride of dicarboxylic acid the maleic acid. Maleic anhydride is majorly used for the resin formation and also acts as an allergen. C₂H₂(CO) is the chemical formula of Maleic anhydride.
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Growing demand of UPR and lubricating additives in the automotive industry are some of the factors that have supported long-term expansion for Maleic Anhydride Market.
Regional Analysis
Asia Pacific is the most rapidly growing market and offers a huge opportunity for the industry as because the automation has increased several folds in the region resulting into the expansion of the market in the region.
Key Players
· 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) and More
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Recent Developments
In July 2020, Polynt-Reichhold Group announced that it would soon come up with 50,000 tons capacity greenfield maleic anhydride plant.
In September 2019, Huntsman Corporation completed its acquisition of Sasol-Huntsman maleic anhydride joint venture.
Maleic Anhydride Measurement Systems Market is segmented into Raw Material, Application and region.
On the basis of Raw Material
· N-butane
· Benzene
On the basis of Application
· UPR
· 1,4-BDO
· Lubricating Oil Additives
· Copolymers
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Maleic Anhydride Measurement Systems Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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