24 Sep United States Maleic Anhydride Market 2024 | Trends, Drivers, Growth Opportunities and Forecast 2032
United States Maleic Anhydride Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 6.90% (2024-2032)
The United States maleic anhydride market graph illustrates steady growth, driven by rising demand across key industries such as automotive and construction. With expanding applications in resins, coatings, and polymers, the market is set to witness further advancements, positioning the U.S. as a key player in the global Maleic Anhydride landscape. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 6.90% from 2024 to 2032.
United States Maleic Anhydride Industry Trends and Drivers:
The United States maleic anhydride market is witnessing trends including its increasing use in the production of unsaturated polyester resins (UPR), particularly in construction and automotive applications. There is growing demand for maleic anhydride in producing bio-based materials, reflecting a shift toward sustainable alternatives. Another trend is the expansion of its use in specialty chemicals, such as lubricants and agricultural chemicals, driven by advancements in formulation technologies.
The market is also experiencing increased integration of maleic anhydride in water treatment chemicals, where its properties as a corrosion inhibitor are valuable. Additionally, manufacturers are adopting energy-efficient production processes, aligning with the rising emphasis on sustainability and cost reduction across the industry.
The United States maleic anhydride market is primarily driven by the increasing demand for unsaturated polyester resins (UPR) being one of the most significant. UPR is widely used in industries such as construction, automotive, and marine due to its durability and resistance to corrosion. As construction and infrastructure projects expand, the demand for UPR, and consequently maleic anhydride, continues to rise.
Additionally, the automotive industry’s shift toward lightweight materials to improve fuel efficiency has increased the use of UPR in vehicle manufacturing, further driving the need for maleic anhydride. Another important driver is the growing emphasis on sustainable and bio-based products. Maleic anhydride is increasingly used in the production of bio-based succinic acid, which serves as a platform chemical in various eco-friendly applications. This shift toward greener alternatives is gaining traction as consumers and industries prioritize sustainability.
Along with this, maleic anhydride’s role in producing water treatment chemicals, particularly in corrosion inhibitors and scale preventers, is contributing to market growth, driven by the rising focus on clean water supply and environmental protection regulations. The market is also benefiting from the expansion of maleic anhydride in the production of specialty chemicals like additives, lubricants, and coatings. These applications are seeing increased demand due to advancements in chemical formulations and innovations in industrial processes.
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.
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.
Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=20252&flag=F
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