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", The maleic anhydride 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. The market is driven by the growing automotive industry and rapid industrialization in the Asia-Pacific region. The increasing demand of automobiles in emerging economies such as China, India, and Japan is fueling the growth of the maleic anhydride market in the region. Another major factor contributing to the growth of maleic anhydride is rising global demand for UPR, and 1,4-BDO.

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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.

N-Butane to account for the major share of the maleic anhydride market till 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.

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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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