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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Maleic Anhydride Market: By Raw Material, By Application, 1,4 BDO, Copolymers, Lubricating Oil Additives, Alkenyl Succinic Anhydrides, Malic Acid, Fumaric Acid, Agricultural Chemicals, and Others), By End-user Industry, and Geography
Maleic Anhydride Market size was valued at US$ 4,174.9 million in 2023 and is anticipated to grow at a CAGR of 4.6% over 2024-2030. The maleic anhydride market refers to the sector of the chemical industry focused on the production, distribution, and consumption of maleic anhydride, a compound with significant industrial applications. Maleic anhydride is an organic compound derived from butane, and it appears as a white crystalline solid with a pungent odor. It serves as a key intermediate in the synthesis of various products, including resins, coatings, polymers, and pharmaceuticals. The maleic anhydride market is primarily driven by the growing demand for unsaturated polyester resins. Maleic anhydride-derived unsaturated polyester resins find extensive use across sectors like construction, automotive, and marine due to their remarkable strength, durability, and ability to resist corrosion.
The growing requirement for these specific applications directly propels the need for maleic anhydride. Moreover, the construction industry's growth, especially in emerging economies, fuels the demand for materials like unsaturated polyester resins, which require maleic anhydride for their production. Infrastructure development, urbanization, and the need for corrosion-resistant materials further boost market growth. However, rising concerns related to the environmental and health can pose challenges to the growth of the maleic anhydride market. Meanwhile, there is a growing trend towards the development of bio-based production methods for maleic anhydride, utilizing renewable feedstocks, that aligns with sustainability goals and can open new avenues for the expansion of maleic anhydride market. Major manufacturers are embracing a range of strategies to create innovative and highly efficient solutions. They are also unveiling collaborations and acquisitions to meet the diverse demands of end-use industries, which play a pivotal role in propelling the continued expansion of the maleic anhydride market. For instances, in July 2022, Wanhua Chemical has purchased Clariant’s SynDane catalyst for its upcoming world-scale 200 KTA maleic anhydride plant and EnviCat N2O-S for nitrous oxide abatement.
Study Period
2024-2030Base Year
2023CAGR
4.6%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The surge in automotive production significantly drives the maleic anhydride market. As the automotive industry experiences continuous growth, the demand for various materials, including maleic anhydride-derived products, rises in tandem. Maleic anhydride is a crucial component in the production of high-performance materials such as unsaturated polyester resins and modified plastics, which are extensively used in the automotive sector. These materials provide lightweight, durable, and corrosion-resistant properties, making them ideal for manufacturing automotive parts that require enhanced performance and longevity. Moreover, advancements in coatings and adhesives play a significant role in propelling the maleic anhydride market forward. Maleic anhydride is a fundamental component in the formulation of high-performance coatings and adhesives, owing to its unique chemical properties. These advancements drive the demand for maleic anhydride-derived products across various industries.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 4,174.9 million |
Market CAGR |
4.6% |
By Raw Materials |
|
By Application |
|
By End User |
|
By Region |
|
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The global maleic anhydride market size was valued at US$ 6,938.7 million in 2023 and is projected to grow at a CAGR of 4.6% from 2024 to 2030.
Innovations maleic anhydride production technology and rapid industrialization and urbanization are some of the factors that create potential opportunities for the growth of the maleic anhydride market.
The manufacture of bio-based maleic anhydride and development of maleic anhydride hybrid material are some of the major trends in the maleic anhydride market.
Changzhou Shijiazhuang Bailong Chemical Co., Ltd., Taiyuan Qiaoyou Chemical Co Ltd, Yongsan Chemical Co., Ltd., Bluestar Harbin Petrochemical Co, Ltd., Gulf Advanced Chemical Industries Co., Ltd. (GACIC), IG Petrochemicals Ltd, Lanxess AG, Yabang Chemical Co., Ltd., Nan Ya Plastics, Huntsman Corporation, Mitsubishi Chemical Holdings, Polynt-Reichhold Group, Ningbo Jiangning Chemical Co., Ltd., Nippon Shokubai Co., Ltd., and Zibo Qixiang Tengda Chemical are a few companies operating in maleic anhydride market.
1.Executive Summary |
2.Global Maleic Anhydride Market Introduction |
2.1.Global Maleic Anhydride Market - Taxonomy |
2.2.Global Maleic Anhydride Market - Definitions |
2.2.1.Raw Materials |
2.2.2.Application |
2.2.3.End User |
2.2.4.Region |
3.Global Maleic Anhydride Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Maleic Anhydride Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Maleic Anhydride Market By Raw Materials, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Benzene |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Butane |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6.Global Maleic Anhydride Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Unsaturated Polyester Resins (UPR) |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. 1,4 BDO |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Copolymers |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Lubricating Oil Additives |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Alkenyl Succinic Anhydrides |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Malic Acid |
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Fumaric Acid |
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
6.8. Agricultural Chemicals |
6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.8.3. Market Opportunity Analysis |
6.9. Others |
6.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.9.3. Market Opportunity Analysis |
7.Global Maleic Anhydride Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Construction |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Automobile |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Food and Beverage |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Oil Products |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Electronics |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Personal Care |
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
7.7. Pharmaceuticals |
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.7.3. Market Opportunity Analysis |
7.8. Agriculture |
7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.8.3. Market Opportunity Analysis |
8.Global Maleic Anhydride Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Maleic Anhydride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Raw Materials Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Benzene |
9.1.2.Butane |
9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Unsaturated Polyester Resins (UPR) |
9.2.2.1,4 BDO |
9.2.3.Copolymers |
9.2.4.Lubricating Oil Additives |
9.2.5.Alkenyl Succinic Anhydrides |
9.2.6.Malic Acid |
9.2.7.Fumaric Acid |
9.2.8.Agricultural Chemicals |
9.2.9.Others |
9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Construction |
9.3.2.Automobile |
9.3.3.Food and Beverage |
9.3.4.Oil Products |
9.3.5.Electronics |
9.3.6.Personal Care |
9.3.7.Pharmaceuticals |
9.3.8.Agriculture |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Maleic Anhydride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Benzene |
10.1.2.Butane |
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Unsaturated Polyester Resins (UPR) |
10.2.2.1,4 BDO |
10.2.3.Copolymers |
10.2.4.Lubricating Oil Additives |
10.2.5.Alkenyl Succinic Anhydrides |
10.2.6.Malic Acid |
10.2.7.Fumaric Acid |
10.2.8.Agricultural Chemicals |
10.2.9.Others |
10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Construction |
10.3.2.Automobile |
10.3.3.Food and Beverage |
10.3.4.Oil Products |
10.3.5.Electronics |
10.3.6.Personal Care |
10.3.7.Pharmaceuticals |
10.3.8.Agriculture |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
11.Asia Pacific (APAC) Maleic Anhydride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Benzene |
11.1.2.Butane |
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Unsaturated Polyester Resins (UPR) |
11.2.2.1,4 BDO |
11.2.3.Copolymers |
11.2.4.Lubricating Oil Additives |
11.2.5.Alkenyl Succinic Anhydrides |
11.2.6.Malic Acid |
11.2.7.Fumaric Acid |
11.2.8.Agricultural Chemicals |
11.2.9.Others |
11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Construction |
11.3.2.Automobile |
11.3.3.Food and Beverage |
11.3.4.Oil Products |
11.3.5.Electronics |
11.3.6.Personal Care |
11.3.7.Pharmaceuticals |
11.3.8.Agriculture |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Maleic Anhydride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Benzene |
12.1.2.Butane |
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Unsaturated Polyester Resins (UPR) |
12.2.2.1,4 BDO |
12.2.3.Copolymers |
12.2.4.Lubricating Oil Additives |
12.2.5.Alkenyl Succinic Anhydrides |
12.2.6.Malic Acid |
12.2.7.Fumaric Acid |
12.2.8.Agricultural Chemicals |
12.2.9.Others |
12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Construction |
12.3.2.Automobile |
12.3.3.Food and Beverage |
12.3.4.Oil Products |
12.3.5.Electronics |
12.3.6.Personal Care |
12.3.7.Pharmaceuticals |
12.3.8.Agriculture |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Maleic Anhydride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Benzene |
13.1.2.Butane |
13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Unsaturated Polyester Resins (UPR) |
13.2.2.1,4 BDO |
13.2.3.Copolymers |
13.2.4.Lubricating Oil Additives |
13.2.5.Alkenyl Succinic Anhydrides |
13.2.6.Malic Acid |
13.2.7.Fumaric Acid |
13.2.8.Agricultural Chemicals |
13.2.9.Others |
13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Construction |
13.3.2.Automobile |
13.3.3.Food and Beverage |
13.3.4.Oil Products |
13.3.5.Electronics |
13.3.6.Personal Care |
13.3.7.Pharmaceuticals |
13.3.8.Agriculture |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Changzhou Yabang Chemical Co., Ltd. |
14.2.2.Bluestar Harbin Petrochemical Co, Ltd. |
14.2.3.IG Petrochemicals Ltd |
14.2.4.Lanxess AG |
14.2.5.Mitsubishi Chemical Holdings |
14.2.6.Huntsman Corporation |
14.2.7.Gulf Advanced Chemical Industries Co., Ltd. (GACIC) |
14.2.8.Taiyuan Qiaoyou Chemical Co Ltd |
14.2.9.Ningbo Jiangning Chemical Co., Ltd. |
14.2.10.Nan Ya Plastics |
14.2.11.Yongsan Chemical Co., Ltd. |
14.2.12.Shijiazhuang Bailong Chemical Co., Ltd. |
14.2.13.Nippon Shokubai Co., Ltd. |
14.2.14.Zibo Qixiang Tengda Chemical |
14.2.15.Polynt-Reichhold Group |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players