United States Maleic Anhydride Market 2024, Industry Overview, Sales Revenue, Demand and Forecast by 2032

Maleic Anhydride Market - United States

Market Statistics

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 6.90% (2024-2032)

The U.S. maleic anhydride market is experiencing steady growth, driven by increasing demand in various industries such as coatings, unsaturated polyester resins, and agricultural chemicals. This expansion is fueled by advancements in production technology and the growing focus on sustainability. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 6.90% from 2024 to 2032.

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United States Maleic Anhydride Industry Trends and Drivers:

• Expanding Applications Across Various Industries:

• • The growth of the US maleic anhydride market is driven by its expanding applications in industries such as automotive, construction, and agriculture.
  • Rising demand for unsaturated polyester resins (UPR), a key derivative of maleic anhydride, is significant due to its use in high-performance composite materials.
  • These materials are favored for their durability and strength, particularly in the automotive and construction sectors, where lightweight and resilient materials are essential.
  • The increase in agricultural output is propelling demand for maleic anhydride in producing agricultural chemicals, such as pesticides and herbicides.

• Development of Bio-Based Maleic Anhydride:

• • The market is seeing a favorable outlook with the development of bio-based maleic anhydride.
  • This caters to the rising consumer preference for sustainable and eco-friendly products.
  • The increasing use of maleic anhydride in emerging applications, such as bio-based lubricants and plasticizers, is also vital in shaping market expansion.

Key Trends in the Market

• Technological Advancements:

• • Innovations in catalytic processes and production technologies are enhancing the efficiency and yield of maleic anhydride.
  • These advancements help reduce production costs and improve product quality.
  • Manufacturers are striving to meet stringent regulatory standards imposed on chemical production, ensuring minimal environmental impact and maximum safety.

• Shift Toward Sustainable Manufacturing Processes:

• • There is an increased emphasis on developing and using bio-based maleic anhydride to align with global sustainability goals.
  • This shift is supported by rising consumer awareness, demand for green chemicals, and regulatory incentives promoting sustainable practices within the chemical industry.

• Impact of the COVID-19 Pandemic:

• • The COVID-19 pandemic has led to a re-evaluation of supply chain dynamics in the maleic anhydride market.
  • There is a growing focus on local sourcing to ensure a reliable supply, propelling investments in domestic production capabilities.
  • This shift is fostering a more resilient supply chain, facilitating overall industry expansion.

United States Maleic Anhydride Market Forecast & Segmentation:

The report has segmented the market into the following categories:

Raw Material Insights:

• n-butane
• Benzene

Application Insights:

• Unsaturated Polyester Resin (UPR)
• 1-4, Butanediol (BDO)
• Additives
• Copolymers
• Others

End Use Industry Insights:

• Construction
• Automobile
• Food and Beverage
• Oil Products
• Electronics
• Personal Care
• Pharmaceuticals
• Others

Regional Insights:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.  IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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