Maleic Anhydride Market 2024 | Competitive Landscape and Industry Poised for Rapid Growth 2032
Maleic anhydride is a white crystalline powder that is used as a raw material in the production of a wide range of products, including resins, polymers, coatings, and surfactants. It is produced through the oxidation of n-butane or benzene, and its unique properties make it an essential ingredient in many industrial processes. The global Maleic Anhydride Market is expected to grow at a significant rate over the next few years, driven by the increasing demand for maleic anhydride derivatives in various end-use industries. The primary application of maleic anhydride is in the production of unsaturated polyester resins, which are used in the manufacture of a wide range of products, including fiberglass reinforced plastics, automotive parts, and construction materials. The demand for unsaturated polyester resins is expected to increase in the coming years, driven by the growing construction industry and the increasing demand for lightweight, durable materials in the automotive sector. M