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, Share, Growth, Trends, and Global Industry Analysis: By Raw Material (Benzene, Butane), By Application (Unsaturated Polyester Resins (UPR), 1,4 BDO, Copolymers, Lubricating Oil Additives, Alkenyl Succinic Anhydrides, Malic Acid, Fumaric Acid, Agricultural Chemicals, and Others), By End-user Industry (Construction, Automobile, Food and Beverage, Oil Products, Electronics, Personal Care, Pharmaceuticals, and Agriculture), and Region

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.

Maleic Anhydride Market Key Developments:

  • In November 2021, IndianOil Board announced the setting up of India’s first mega-scale Maleic Anhydride Plant to manufacture value-added chemical products at its Panipat Refinery and Petroleum Complex (PRPC).
  • In July 2021, Thirumalai's US subsidiary announced to launch a plant to manufacture maleic anhydride and food ingredients at North America and Western Europe markets.

Maleic Anhydride Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.6%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Maleic Anhydride Market Dynamics

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.

Maleic Anhydride Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 4,174.9 million

Market CAGR

4.6%

By Raw Materials

  • Benzene
  • Butane

By Application

  • Unsaturated Polyester Resins (UPR)
  • 1,4 BDO
  • Copolymers
  • Lubricating Oil Additives
  • Alkenyl Succinic Anhydrides
  • Malic Acid
  • Fumaric Acid
  • Agricultural Chemicals
  • Others

By End User

  • Construction
  • Automobile
  • Food and Beverage
  • Oil Products
  • Electronics
  • Personal Care
  • Pharmaceuticals
  • Agriculture  

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The maleic anhydride market report provides granular level information about the market size, regional market share, historic market (2019-2023)and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

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.

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

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

  • Changzhou Yabang Chemical Co., Ltd.
  • Bluestar Harbin Petrochemical Co, Ltd.
  • IG Petrochemicals Ltd
  • Lanxess AG
  • Mitsubishi Chemical Holdings
  • Huntsman Corporation
  • Gulf Advanced Chemical Industries Co., Ltd. (GACIC)
  • Taiyuan Qiaoyou Chemical Co Ltd
  • Ningbo Jiangning Chemical Co., Ltd.
  • Nan Ya Plastics
  • Yongsan Chemical Co., Ltd.
  • Shijiazhuang Bailong Chemical Co., Ltd.
  • Nippon Shokubai Co., Ltd.
  • Zibo Qixiang Tengda Chemical
  • Polynt-Reichhold Group

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