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Maleic Anhydride Market growth opportunity and industry forecast to 2026

Maleic anhydride is made from benzene or butane by a process called oxidation. Butane is cheaper than benzene, which makes butane favorable raw material. In fixed bed reactor or fluidized reactor butane oxidation takes place. For production of unsaturated polyester resin, it is and essential raw material. Unsaturated polyester resin works as a substitute for application in furniture, fixtures, and construction industry owing to its properties such as light in weight and mechanical strength. It has good thermal, morphological, flexural, and mechanical properties and it makes it a common material for wind energy plant, tank manufacturing, marine vessels, and automotive parts. It is used in coatings production and also offers corrosion resistance.

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Maleic Anhydride Market growth opportunity and industry forecast to 2026

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  1. Global Maleic Anhydride Market by Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Report By

  2. The globalmaleic anhydride market was valued at USD 2.8 billion in 2019 and is estimated to reach USD 3.5 billion by 2026, expanding at a CAGR of around 4.5% during the forecast period, 2020–2026. The rising automotive industry around the globe and increasing wind energy and construction industries are expected to contribute to the growth of maleic anhydride market during the forecast period. The growing demand for slip additives from emerging countries, such as India and South Korea, is expected to drive the growth of the market. Request for sample@https://dataintelo.com/request-sample/?reportId=3591 Maleic anhydride is made from benzene or butane by a process called oxidation. Butane is cheaper than benzene, which makes butane favorable raw material.

  3. Market Trends, Drivers, Restraints, and Opportunities: • Increasing demand for unsaturated polyester resin and building & construction additives are expected to propel the growth of the market. • Technological advancements in manufacturing industries is a major factor driving the growth of the market. • Refurbishment of current infrastructure in developed economies is contributing to the market growth. • Growing car accidents around the globe is fuelling the demand for unsaturated polyester resin as they are useful in repairing dents. • Growing automotive industries around the globe is positively influencing demand for this product. • Fluctuating maleic anhydride prices may hamper the market growth during the forecast period.

  4. Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=3591 Competitive Landscape: Major companies in the global maleic anhydride market include Huntsman International LLC, Gulf Advanced Chemical Industries, Global Ispat Koksna Industrija Lukavac, Shanxi Qiaoyou Chemical Limited, LANXESS, Mitsubishi Chemical Corporation, Changzhau Yabang Chemical, and Nippon Shukubai Co., Ltd. The competition in the global maleic anhydride market is highly intense and competitors use strategies such as collaborations, ventures, partnerships, acquisitions, new product launches, and agreements to gain new market share. Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=3591

  5. Why Choose Us: • We offer industry-leading critical reports with accurate insights into the future of the market. • Our reports have been evaluated by some industry experts in the market, thus making them beneficial for the company’s to maximize their return on investments. • We provide a comprehensive pictorial representation of the information, strategic recommendations, outcomes of the analytical tools to offer an elaborate landscape, highlighting the key market players. This detailed assessment of the market will help the company increase efficiency. • The demand and supply dynamics offered in the report give a 360 degree view of the market. • Our report helps readers decipher the current and future constraints in the Maleic Anhydride Market, and help them formulate optimum business strategies to maximize growth in the market.

  6. About DataIntelo: DATAINTELO has set its benchmark in the market research industry by providing syndicated and customized research report to the clients. The database of the company is updated on a daily basis to prompt the clients with the latest trends and in-depth analysis of the industry. Our pool of database contains various industry verticals that include: IT & Telecom, Food Beverage, Automotive, Healthcare, Chemicals and Energy, Consumer foods, Food and beverages, and many more. Each and every report goes through the proper research methodology, validated from the professionals and analysts to ensure the eminent quality reports.

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