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U.S. Maleic Anhydride Market

Report ID: FBI 1090

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Published Date: Aug-2023

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Format : PDF, Excel

Market Dynamics

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.

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However, the market faces restraints such as volatility in raw material prices and environmental regulations regarding the production of maleic anhydride. Key challenges for the market include the fluctuating demand for maleic anhydride in certain end-use industries and competition from alternative products.

Regional Forecast (North America)

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
The North America region is expected to dominate the United States Maleic Anhydride Market due to the presence of key market players and a strong consumer base. The region is projected to witness steady growth in the maleic anhydride market, driven by the increasing demand for resins and coatings in various industries.

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.

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Maleic Anhydride Market Size & Share, By Applicati...

RD Code : 24