Maleic Anhydride is an organic intermediate used to manufacture several chemicals, such as Maleic acid or malic, unsaturated polymer resins, lubricating additives, and copolymers.

According to Researcher, the global Maleic anhydride market is expected to witness a significant growth rate having a CAGR of around 6.5% during the forecast period. The major factors responsible for the global Maleic Anhydride market's growth are the increasing demand for unsaturated polymer resins and butane-diol. Also, increasing demand from the personal care and cosmetics industry is likely to propel the global Maleic anhydride market, as Maleic Anhydride is used in lotions and skin creams.

Asia-Pacific region is projected to be the largest market for global Maleic Anhydride. Favorable policies and initiatives from the Indian and Chinese governments are expected to propel the market during the forecast years. Construction and Plastic Industries are expected to create more demand in these regions.

In terms of segmentation by raw materials, the global Maleic anhydride market is dominated by butane based Maleic-anhydride, due to its environmental advantages and low production cost.

In terms of segmentation by application, Unsaturated polymer resins are the segment with the largest market share in the Maleic Anhydride market. Growth of end-user industries such as construction and automotive drive the segment in the market. These resins are used to produce fiberglass composites used in automobiles, boats, bridges, and pipes.

The Global Maleic Anhydride market is fragmented. Major companies in the market were found to be Ashland Inc, DSM N.V., Lanxess A.G., Mitsubishi Chemicals, Changzhou Yabang Chemical Co. Ltd and Sasol, among others.

On October 1, 2020, Ashland completed the sale of its maleic anhydride business to AOC Materials, LLC for USD 100 million. The maleic anhydride manufacturing facility is located in Neal, West Virginia

Global Maleic Anhydride Market report provides deep insight into the Maleic Anhydride market's current and future state across various regions. The study comprehensively analyzes the Maleic Anhydride market by segmenting based on Raw Materials (N-butane, and Benzene), Application (Unsaturated polyester resin (UPR), 1,4-Butanediol (1,4-BDO), Lubricating Oil Additives, Copolymers, and Other applications), and Geography (North America, Asia-Pacific, South America, Europe, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with major companies' profiles, including their market shares and projects.