Skip to main content

Posts

Showing posts with the label Maleic Anhydride Market

Maleic Anhydride Market Competitive Landscape by 2024

Rising UPR demand in various end-use industries including construction and automotive is expected to drive growth over the next eight years. The Global Maleic Anhydride Market is anticipated to reach USD 4.11 billion by 2024, according to a new report by Grand View Research, Inc. Growing maleic anhydride demand for additives manufacturing for fuel oils and lubricants is expected to drive market growth in near future. N-butane is the preferred raw material in MAN manufacturing owing to low cost, high productivity, less complex production process, and environment-friendly nature. The majority of product produced globally is utilized for the production of UPR. The application segment accounted for 50.5% of the total demand in 2015. Growing construction, automotive and marine industry, especially in BRICS economies is expected to drive demand over the next eight years. BDO is anticipated to witness the fastest growth over the next eight years owing to wide acceptance of the prod...