Asia Pacific Maleic Anhydride Market Size & Outlook
Asia Pacific maleic anhydride market, 2018-2030 (US$M)
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Asia Pacific maleic anhydride market highlights
- The Asia Pacific maleic anhydride market generated a revenue of USD 2,185.4 million in 2022.
- The market is expected to grow at a CAGR of 4.9% from 2023 to 2030.
- In terms of segment, unsaturated polyester resins (upr) was the largest revenue generating application in 2022.
- 1,4-butanediol (BDO) is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 2,185.4 million |
| Market revenue in 2030 | USD 3,202.3 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | Unsaturated polyester resins (upr) |
| Fastest growing segment | 1,4-butanediol (BDO) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Unsaturated Polyester Resins (UPR), 1,4-butanediol (BDO), Additives (Lubricants & Oil), Copolymers |
| Key market players worldwide | Cepsa, INEOS, Huntsman Corp, Lanxess AG, Mitsubishi Corp, Nippon Shokubai Co Ltd, Perfect Moment Ltd, Chongqing Rural Commercial Bank Co Ltd Class H, Tianjin Port Development Holdings Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 51.7% of the global maleic anhydride market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,202.3 million by 2030.
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Maleic Anhydride Market Scope
Maleic Anhydride Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific maleic anhydride market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to maleic anhydride market will help companies and investors design strategic landscapes.
Unsaturated polyester resins (upr) was the largest segment with a revenue share of 49% in 2022. Horizon Databook has segmented the Asia Pacific maleic anhydride market based on unsaturated polyester resins (upr), 1,4-butanediol (bdo), additives (lubricants & oil), copolymers covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific maleic anhydride market is likely to witness growth over the forecast period. This can majorly be attributed to advancements in the pharmaceuticals, construction, and personal care & cosmetics industries in the region.
In the construction and pharmaceutical industries, maleic anhydride is used in the form of unsaturated polymer resin, whereas in the personal care & cosmetics industry, it is used in hair fixative and styling formulas.
As per the Hong Kong Trade Development Council, China is the 2nd largest consumer of cosmetics & personal care products, accounting for around 17.3% of the total global consumption. Thus, the growing personal care & cosmetics industry is further anticipated to drive the demand for maleic anhydride in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific maleic anhydride market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific maleic anhydride market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific maleic anhydride market size, by country, 2018-2030 (US$M)
Asia Pacific Maleic Anhydride Market Outlook Share, 2022 & 2030 (US$M)
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