The global maleic anhydride market is expected to reach USD 4,967.0 Million by 2028, according to a new report by Reports and Data. The market growth of Maleic anhydride is attributed to its growing application in several resins and plastics, petroleum additives, agricultural and industrial chemicals, water treatment chemicals, pharmaceuticals, epoxy curing agents, flavor enhancers, and copolymers, among others.

Unsaturated polyesters are the third most used thermoset molding resins worldwide and are primarily used in the manufacturing of fiber-reinforced plastics and filled plastic products, comprising sanitary-ware, pipes, tanks, gratings, and high-performance components for the transportation and marine industry including closure and body panels, boat decks and other large glass fiber reinforced plastic products. Also, the material is used in trucks, aircraft, coaches, and buses as it is suitable for lower volume applications. Unsaturated polyester resins also find uses in coatings and adhesives. Unsaturated polyester resin-based products offer a wide range of materials with tailored performance features for a variety of markets. 

Get a sample of the report https://www.reportsanddata.com/download-free-sample/2491

Top Companies: DSM NV, Huntsman Corporation, Lanxess AG, Ashland Inc., Flint Hills Resources, Mitsubishi Chemicals, Merck Co., Inc., Sasol, Tianjin Bohai Chemicals, and Nippon Shokubai Co. Ltd., among others.

Further key findings from the report suggest:

• By form, the solid form of maleic anhydride contributed to the largest market share in 2020 and is likely to grow at a rate of 5.8% in the forecast period.
• By application, unsaturated polyester resins accounted for the largest market share in 2020 and is expected to experience a growth rate of 6.0% in the forecast period. Unsaturated polyester resins find extensive usage in a variety of applications owing to their range of mechanical properties, low weight, and corrosion resistance. These resins are commonly used for coatings, clear casting resins, body fillers, buttons, work-surfaces (for example, polyester marble), polyester concrete (for applications comprising road drainage) and in the production of Gel Coats (used to enhance surfaced finish).
• By industry verticals, the automotive industry is likely to witness the fastest growth rate of 6.5% in the period 2019-2028. Maleic anhydride finds application in the automotive industry for the production of parts comprising body panels, bumper beams, sunroof frames, dashboard carriers, seat structures, catalytic converter heat shields, and battery supports, among others. Also, apart from weight reduction, automotive parts made from unsaturated polyester resins are used to reduce painting costs.
• Europe held the second-largest market share in 2020 and is likely to grow at a rate of 5.4% in the forecast period. The market demand in Europe is primarily owing to the growth of the construction and automotive industries in the region.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

Download Summary: https://www.reportsanddata.com/download-summary-form/2491

Market Segmentation:

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The global Maleic Anhydride market is segmented into:

Form Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

• Solid
• Brittle
• Molten

Applications Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

• Unsaturated Polyester Resins
• 1, 4-Butanediol
• Additives
• Co-Polymers
• Others

Industry Vertical Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

• Construction
• Automotive
• Textile
• Food Beverage
• Pharmaceutical
• Others

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

Request a customization of the report https://www.reportsanddata.com/request-customization-form/2491

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

Browse More Reports:

Industrial Adhesives Market https://www.reportsanddata.com/report-detail/industrial-adhesives-market

Marine Lubricants Market https://www.reportsanddata.com/report-detail/marine-lubricants-market

Monoethylene Glycol Market https://www.reportsanddata.com/report-detail/monoethylene-glycol-market

Hybrid Fabric Market https://www.reportsanddata.com/report-detail/hybrid-fabric-market

Hybrid Composites Market https://www.reportsanddata.com/report-detail/hybrid-composites-market

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

LinkedIn | Twitter | Blogs | Insights

Read the innovative blog at https://www.reportsanddata.com/blogs

Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports