maleic anhydride market Opportunities, Top Key Manufacturers and Supply Demand 2030
Overview: The maleic anhydride market is enjoying positive growth rate owing to its percolation in coating and polymer industries. But its well-cemented foothold in the automotive sector is what makes it a gainer. The market is anticipated to achieve a 6.65% CAGR during the forecast period (2021-2030) to reach an impressive valuation of USD 5.50 billion from its previous valuation of USD 3.4 billion in 2021. The report on the same market published by Market Research Future (MRFR) further incorporates a detailed analysis of the drivers such as the production of 1,4-butanediol (BDO), unsaturated polyester resins (UPR) and lubricants to provide an accurate maleic anhydride market scenario. However, the maleic anhydride market is facing a steep task of overcoming the threats posed by government regulations and green alternatives. Maleic anhydride has side-effects which can have an adverse impact on health. Governments have issued regulations to curb the practice. But bio-based maleic an