Maleic Anhydride Market Insights | Trends | Forecast To 2024
“Global Maleic Anhydride Market report includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment and future outlook.�
The global Maleic Anhydride Market size is expected to value at USD 4.11 billion by 2024, due to the growing usage as a platform chemical for production of a broad range of chemicals such as co-polymers, 1,4-butanediol (BDO) and unsaturated polyester resins (UPR). Exponential growth in the lubricant industry, in the recent years is anticipated to drive the market demand for maleic anhydride over the forecast period. Increasing demand for maleic anhydride from various end-use industries such as automotive industry and construction sector, particularly in China and India, is predicted to boost the market growth over the next seven years. Globally, the maleic anhydride industry is predicted to grow at CAGR of 5.5% in forecast period, providing numerous opportunities for market players to invest for research and development in the market. Increasing maleic anhydride usage for production of fuel oil and lubricant additives is estimated to boost industry growth over the forecast period. Primary materials required for maleic anhydride include benzene and n-Butane. Some of the manufacturing techniques include use of transport bed, fluidized bed, fixed bed, and recovery from phthalic anhydride technologies. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industryreports/maleic-anhydride-market/request-sample