Global Maleic Anhydride Markets to 2030: Insights Into the Projected $2.8 Billion Industry by Raw Material, Application and Region [Yahoo! Finance]
MITSUBISHI CH GRP U/ADR (MTLHY)
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Source: Yahoo! Finance
The global maleic anhydride market is expected to reach an estimated $2.8 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are rising demand for UPR & 1,4-BDO from the automotive industry, growing use of composite materials in the building, automotive, and aerospace industries, and development of the building and construction industry. The future of the global maleic anhydride market looks promising with opportunities in the UPR, 1,4-BDO, lubricating oil additive, and copolymer markets. The study includes a forecast for the global maleic anhydride by raw material, application, and region. Maleic Anhydride Market Insights N-butane is expected to witness the higher growth over the forecast period due to stringent policies and regulations on the use of benzene for maleic anhydride production. APAC is expected to witness highest growth over the forecast period due to developing the region's building, pharmaceutical, and personal care and
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