North America Maleic Anhydride Market Size & Outlook
North America maleic anhydride market, 2018-2030 (US$M)
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North America maleic anhydride market highlights
- The North America maleic anhydride market generated a revenue of USD 825.8 million in 2022.
- The market is expected to grow at a CAGR of 3.4% 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, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 825.8 million |
| Market revenue in 2030 | USD 1,080.6 million |
| Growth rate | 3.4% (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, North America region accounted for 19.6% 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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North America 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 54.44% in 2022. Horizon Databook has segmented the North America 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 North American maleic anhydride market is anticipated to witness the fastest growth over the forecast period owing to the growing agricultural, automotive, and construction industries in the region.
The rising demand for agricultural products, such as cereals, fruits, vegetables, oil, and pulses, in countries such as the U.S., Canada, and Mexico is likely to offer lucrative growth opportunities for the maleic anhydride market over the coming years.
According to the World Bank, in 2019, the Mexican agricultural sector witnessed a significant growth of around 3.3% of its GDP. According to the U.S. Department of Agriculture, in 2021/2022, the total Mexican wheat production increased by 8% to 3.25 million metric tons, with 585 million hectares of harvested land.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America maleic anhydride market , including forecasts for subscribers. This continent databook contains high-level insights into North America maleic anhydride market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America maleic anhydride market size, by country, 2018-2030 (US$M)
North America Maleic Anhydride Market Outlook Share, 2022 & 2030 (US$M)
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