IMARC Group, a leading market research company, has recently releases report titled “Maleic Anhydride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033,” The study provides a detailed analysis of the industry, including the global maleic anhydride market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the maleic anhydride market?
The global maleic anhydride market size reached USD 3.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.2 Billion by 2033, exhibiting a growth rate (CAGR) of 4.10% during 2025-2033.
Factors Affecting the Growth of the Maleic Anhydride Industry:
- Growing demand for unsaturated polyester resins (UPR):
Maleic anhydride is widely used to produce unsaturated polyester resin (UPR) that finds application in manufacturing fiberglass-reinforced plastics, coatings, and synthetic marble due to its exceptional properties. Its versatility, encompassing durability, resistance to wear, and chemicals, makes it indispensable in the construction, marine, and automotive sectors. UPR’s ability to enhance product strength, withstand environmental stresses, and resist corrosion contributes to its prominence in diverse applications. From reinforcing structures to coating surfaces, UPR’s superior qualities play a pivotal role in ensuring longevity and performance across various industries, bolstering the market growth.
- Expansion of the automotive and construction industries:
Maleic anhydride serves critical roles in both the automotive and construction sectors. In automotive, it contributes to the production of lightweight composite materials, enhancing fuel efficiency and lowering emissions, aligning with the push for sustainable vehicles. Concurrently, in construction, the rising demand for UPR-based products for housing and infrastructure projects, driven by economic development, fuels the need for maleic anhydride. As construction activities surge, maleic anhydride finds application in various construction materials, underlining its role in advancing both automotive and construction industries toward efficiency and sustainability goals.
- Advancements in bio-based maleic anhydride production:
Environmental concerns and the push for sustainable manufacturing practices have led to advancements in bio-based maleic anhydride production. Traditional production methods of maleic anhydride involve the oxidation of n-butane or benzene, which are fossil fuel-based feedstocks. Besides this, the development of bio-based alternatives utilizing renewable raw materials presents an environmentally friendly and sustainable approach to maleic anhydride production. These advancements are attracting significant interest due to the growing environmental regulations and the shift towards green chemistry. The adoption of bio-based maleic anhydride is expected to open new avenues for growth in the market, appealing to a broader range of industries looking to reduce their environmental impact.
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Maleic Anhydride Market Report Segmentation:
Breakup by Raw Material:
- n-butane
- Benzene
N-butane represents the largest segment due to its cost-effectiveness and higher yield of maleic anhydride compared to other feedstocks, making it the preferred choice for manufacturers.
Breakup by Application:
- Unsaturated Polyester Resin (UPR)
- 1-4, Butanediol (BDO)
- Additives
- Copolymers
- Others
Unsaturated polyester resin (UPR) dominates the market, driven by its widespread use in fiberglass-reinforced plastics for automotive, marine, and construction applications.
Breakup by End-Use Industry:
- Construction
- Automobile
- Food and Beverage
- Oil Products
- Electronics
- Personal Care
- Pharmaceuticals
- Others
The construction industry accounts for the majority of the market shares because of the extensive application of UPR in building materials, coatings, and composites, spurred by global urbanization and infrastructure development.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific is leading the market due to rapid industrialization, increasing construction and automotive sectors, and for manufacturing and export of chemicals and materials.
Global Maleic Anhydride Market Trends:
The increasing product utilization in manufacturing agricultural chemicals, particularly in herbicides and insecticides is aiding in market expansion. Additionally, the rising demand for maleic anhydride in the production of lubricant additives, which improve the performance and longevity of engine oils, is contributing to market expansion. Moreover, the growing use in personal care and consumer products, where it acts as an essential intermediate for surfactants and plasticizers enhancing product quality and performance, is supporting the market expansion. Furthermore, the food and beverage (FB) industry’s expanding demand for maleic anhydride in food packaging solutions is promoting market growth.
Top Maleic Anhydride Market Leaders:
The maleic anhydride market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.
Some of the key players in the market are:
- Helm AG
- Huntsman Corporation
- INEOS Group Limited
- Lanxess AG
- Merck KGaA
- Mitsubishi Chemical Corporation
- MOL Group
- Nan Ya Plastics Corporation
- Ningbo Jiangning Chemical Co. Ltd.
- Nippon Shokubai Co. Ltd.
- Polynt S.p.A
- Thirumalai Chemicals Limited
- Tianjin Bohai Chemical Industry Group Supply and Sales Co. Ltd.
- Zibo Qixiang Tengda Chemical Co. Ltd
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