PUNE, India, February 9, 2016 /PRNewswire/ --
The report "Maleic Anhydride Market by Raw
Material (N-Butane and Benzene), by Application [UPR, 1,4-BDO,
Additives, Copolymers, and Others), and by Region (NA, APAC,
Europe, Row) - Global Forecast to
2020", published by MarketsandMarkets, The market size
in terms of value, is projected to reach USD
5.08 Billion by 2020, at a CAGR of 6.8% between 2015 and
2020.
Browse 86 market data Tables and 47 Figures spread through
120 Pages and in-depth TOC on "Maleic Anhydride
Market"
http://www.marketsandmarkets.com/Market-Reports/maleic-anhydride-market-31705758.html
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report.
N-Butane to account for the major share of the maleic
anhydride market until 2020
The maleic anhydride market is segmented by raw material,
namely, n-butane, and benzene. N-Butane is the most preferred raw
material and holds the major market share in global maleic
anhydride market. The factors driving the n-butane maleic anhydride
market are its lower cost process with higher productivity, a lower
amount of risk involved, less complex production process, and it is
less harmful to the environment.
Growing automotive industries and industrialization to drive
the UPR application
The UPR application is leading the maleic anhydride market. This
is owed to the rapid growth of the automotive, construction &
manufacturing, and marine industry in the Asia-Pacific region. The increasing demand of
automobiles can be attributed to the increasing disposable income
of people and industrial growth in this region. This growth in the
automotive industry eventually contributes to the growth of UPR in
the Asia-Pacific region.
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Asia-Pacific to be the
largest as well as the fastest-growing market during the forecast
period
The Maleic Anhydride Market is broadly segmented into
four regions, namely, Asia-Pacific, North
America, Europe, and Rest
of the World. Asia-Pacific is the
largest market for maleic anhydride, followed by North America. Asia-Pacific is projected to be the
fastest-growing market during the forecast period. Growing
industrialization, in the region, has offered enormous opportunity
for the use industries of maleic anhydride in the Asia-Pacific region.
Currently, the global maleic anhydride market is dominated by
various market players such as Huntsman International LLC. (U.S.),
Changzhou Yabang Chemical Co. Ltd. (China), Zibo Qixiang Tengda Chemical
(China), Ningbo Jiangning Chemical
(China), Lanxess AG (U.S.), Polynt
(Italy), Thirumalai Chemicals Ltd.
(India), Ashland Inc. (U.S.),
Flint Hills Resources (U.S.), Nippon Shokubai Co., Ltd.
(Japan), Mitsubishi Chemical
Corporation (Japan), Bartek
Ingredients Inc. (Japan), Bluestar
Harbin Petrochemical Corp (China),
and others.
The research study is aimed at identifying emerging trends and
opportunities in the global maleic anhydride market along with a
detailed classification of the market, in terms of value and
volume. It provides a comprehensive competitive landscape and
identifies the key players in the global market. The research study
also includes a detailed segmentation of the global maleic
anhydride market on the basis of application, raw material, and
region.
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