Global demand for maleic anhydride was valued at U.S. $2.8 billion in 2013 and is expected to increase at a compound annual rate of 7.2 percent through 2019, according to a study by Dublin, Ireland-based Research and Markets. Demand for polyester resins and 1,4-butanediol – as opposed to lubricant additives – is expected to grow particularly rapidly. Indian grease and lubricant producer Balmer Lawrie & Co. named Prabal Basu chairman and managing director, succeeding Viren Sinha Aug. 1. Basu previously was director of finance.