According to a recent report by Fact, the global maleic anhydride market is expected to grow at a CAGR of 3.4% from 2022 to 2032, with a dollar opportunity worth US$ 1.2 Billion, expected to close at a valuation of US$ 4.1 Billion. The report also states that the demand for maleic anhydride is expected to be positive during the forecast period due to the increasing sales of passenger cars and commercial vehicles, globally . Maleic anhydride is used as an ingredient in unsaturated polyester resin (UPR), which is further used to manufacture automotive composites, such as closure panels, body panels, fenders, Grille Opening Reinforcement (GOR), heat shields, headlamp reflectors, and pick-up boxes .
Post time: Nov-13-2023
