SAN FRANCISCO, June 29, 2016 /PRNewswire/ --
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. Rising UPR demand in various end-use industries including construction and automotive is expected to drive growth over the next eight years.
(Logo: http://photos.prnewswire.com/prnh/20150105/723757 )
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 product in manufacturing synthetic chemicals such as polyurethane and tetrahydrofuran. The segment is anticipated to reach a net revenue of USD 435.9 million in China market by 2024, growing at an estimated CAGR of 8.7% from 2016 to 2024.
Browse full research report with TOC on "Maleic Anhydride Market Analysis By Application (Unsaturated Polyester Resins (UPR), 1,4-Butanediol (BDO), Additives, Copolymers) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/maleic-anhydride-market
Further key findings from the report suggest:
Request for sample of this research report: http://www.grandviewresearch.com/industry-analysis/maleic-anhydride-market/request
Grand View Research has segmented the global maleic anhydride market on the basis of application and region.
Browse related reports by Grand View Research:
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Read Our Blogs - ni2014.org , grandviewresearch.com/blogs/bulk-chemicals
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: http://www.grandviewresearch.com
Share this article