Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The "Maleic Anhydride Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The latest comprehensive study on the Maleic Anhydride industry has been published, offering a detailed analysis of market dynamics, growth factors, and future prospects. Maleic Anhydride, known for its versatile applications ranging from the manufacture of unsaturated polyester resins to its use as a food preservative, is also gaining traction in bio-based applications, signaling emerging trends in sustainable chemistry.
Key Insights from the Maleic Anhydride Market Report
- The market has experienced a robust growth rate, projecting a CAGR of 7.8% from 2023 to 2024, with expected continuance of strong expansion.
- Construction and the automotive industry have been identified as key drivers, with the need for lightweight, durable materials surging.
- Pharmaceutical R&D is sparking interest with L-malic acid demonstrating potential in dietary supplements and therapeutic applications.
- Strategic investments by major corporations illustrate confidence in the market's growth trajectory, with significant capacity expansion and innovative product development.
- Environmental concerns and regulations fuel the pursuit of eco-friendly and bio-based maleic anhydride alternatives.
In particular, the Asia-Pacific region has emerged as a dominant player, leading in both production and consumption of the chemical intermediate across various industries. Dynamic market conditions, coupled with technological advancements and the entrance of new players, have contributed to solidifying the region's position at the forefront of the global maleic anhydride market.
Futuristic Applications Herald New Era
Noteworthy developments point to the increasing role of maleic anhydride in cutting-edge applications. The incorporation of smart materials, enhanced focus on green infrastructure, and the adoption of advanced polymers encapsulate the ongoing evolution within the sector. Additionally, the keen interest in bio-based variants of maleic anhydride reflects an industry aligning closer with sustainability and environmental stewardship.
This global market overview encapsulates expert analysis and projections that are vital for current market players and potential entrants. The current and future market scenarios, detailed segmentation, competitive landscape, and geographical insights offer an in-depth understanding of market dynamics and trends.
With this research publication, stakeholders, investors, and industry professionals have a powerful tool to navigate the complexities of the maleic anhydride market, harness opportunities for strategic growth, and anticipate shifts that could reshape the industry.
A selection of companies mentioned in this report includes
- Huntsman Corporation
- Lanxess AG
- Mitsubishi Chemical Corporation
- HELM AG
- Ningbo Jiangning Chemical Co. Ltd.
- Nippon Shokubai Co. Ltd.
- Ashland Global Holdings Inc.
- Changzhou Shuguang Chemical Co. Ltd.
- Bartek Ingredients Inc.
- BASF SE
- Cepsa Química S.L.U.
- Polynt S.p.A.
- Sasol Limited
- Flint Hills Resources LP
- Zibo Qixing Tengda Chemical Co. Ltd.
- Yongsan Chemicals Inc.
- Tianjin Bohai Chemicals
- Thirumalai Chemicals Limited
- Gulf Advanced Chemical Industries Co. Ltd.
- MOL Group
- Yunnan Yunwei Company Limited
- Jiangyin Shunfei Fine Chemical Co. Ltd.
- Jiangsu Zhongteng Chemical Co. Ltd.
- Fuso Chemical Co. Ltd.
- Mitsui Chemicals Inc.
- Shandong Hongxin Chemical Co. Ltd.
- Baotie Hebei Chemical Industry Co. Ltd.
- Aekyung Petrochemical Co. Ltd.
- DSM NV
- Merck & Co. Inc.
- Bluestar Harbin Petrochemical Corporation
- INEOS
- NAN YA PLASTICS CORPORATION
- China National Chemical Corporation
- Hexion Inc.
- Lonza Group AG
- Zibo Qixiang Tengda Chemical Co. Ltd.
- Zhejiang Weishi Biotechnology Co. Ltd.
- Zouping Qili Additives Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/kqsjo1
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