The United States Maleic Anhydride Market is expected to witness growth due to the increasing demand for maleic anhydride in various industries such as automotive, construction, and consumer goods. The growth drivers for the market include the rising demand for unsaturated polyester resins, which are widely used in the production of fiberglass reinforced plastics. Additionally, the growing popularity of maleic anhydride in the production of coatings and adhesives is also driving market growth.
Regional Forecast (North America)
Segment Analysis
Sub-Segment: Unsaturated Polyester Resins
The unsaturated polyester resins segment is a key sub-segment in the maleic anhydride market. These resins are widely used in the production of fiberglass reinforced plastics for applications in automotive, construction, and marine industries. The increasing demand for lightweight and durable materials is driving the growth of this sub-segment.
Sub-Segment: 1,4-Butanediol
The 1,4-butanediol segment is another important sub-segment in the maleic anhydride market. This compound is used in the production of polyurethanes, plastics, and solvents. The growing demand for polyurethanes in the automotive and construction industries is fueling the growth of this sub-segment.
Competitive Landscape
Key players in the United States Maleic Anhydride Market include Huntsman Corporation, Ashland Global Holdings Inc., and Mitsubishi Chemical Corporation. These companies are focusing on expanding their product portfolios, enhancing their distribution networks, and strengthening their research and development activities to gain a competitive edge in the market.