Maleic Anhydride Segmentation
Raw Material (n-Butane and Benzene)
The n-butane segment is predicted to gain the largest maleic anhydride market share of 65.1% during the projected period by 2037. N-butane is cheaper and more environmentally friendly as compared to benzene. n-butane generates less hazardous byproducts in the production process, which aligns with international environmental standards. The unique contributing factors of n-butane to the petrochemical complexes also make for improved efficiency with resources and ultimately profit.
Application (Unsaturated Polyester Resins (UPR), 1,4-Butanediol (1,4-BDO), Lubricating Oil Additives, Copolymers)
The unsaturated polyester resins (UPR) segment in the maleic anhydride market is anticipated to constitute the most significant growth by 2037, with 45.2% share. The continued success of UPR can be attributed to its widespread usage in the construction and automotive industries. UPR's durability, ability to resist corrosion, and accompanying properties make it beneficial to the manufacture of fiberglass-reinforced plastics, amongst other composites. The simple fact that n-butane does provide a continued expanding market share is indeed appropriate.
Our in-depth analysis of the maleic anhydride market includes the following segments:
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