Product Code: ETC13143416 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Maleic Anhydride Market was valued at USD 3.8 Billion in 2024 and is expected to reach USD 5 Billion by 2031, growing at a compound annual growth rate of 3.90% during the forecast period (2025-2031).
The global maleic anhydride market is expected to witness significant growth due to its widespread applications in industries such as construction, automotive, and packaging. The market is driven by the rising demand for unsaturated polyester resins, which are used in the production of fiberglass reinforced plastics. Maleic anhydride is also utilized in the manufacturing of lubricant additives, agricultural chemicals, and food additives. Asia Pacific is anticipated to dominate the market, fueled by rapid industrialization and infrastructure development in countries like China and India. Key players in the global maleic anhydride market include Huntsman Corporation, Ashland Global Holdings Inc., and Lanxess AG, who are focusing on strategic partnerships and product innovations to maintain their competitive edge in the market.
The Global Maleic Anhydride Market is experiencing growth due to increasing demand from various end-use industries such as construction, automotive, and packaging. Key trends include the rising popularity of bio-based maleic anhydride derived from renewable sources, as well as the growing adoption of maleic anhydride in the production of unsaturated polyester resins and coatings. Opportunities in the market lie in the development of innovative applications for maleic anhydride, such as in the production of agricultural chemicals and pharmaceuticals. The market is also witnessing a shift towards sustainable practices and environmentally friendly production methods, presenting opportunities for companies to differentiate themselves and gain a competitive edge in the market. Overall, the Global Maleic Anhydride Market is poised for steady growth driven by evolving industry trends and increasing demand across diverse sectors.
The Global Maleic Anhydride Market faces several challenges, including fluctuating raw material prices, increasing environmental regulations, and growing competition from alternative products. The volatility in feedstock prices, such as butane and benzene, directly impacts the production cost of maleic anhydride, thereby affecting profitability for manufacturers. Additionally, stringent environmental policies and regulations related to the production and handling of maleic anhydride pose a challenge for industry players to ensure compliance while maintaining operational efficiency. Moreover, the emergence of substitutes like bio-based succinic acid and maleic acid presents a competitive threat to the market share of maleic anhydride, pushing manufacturers to innovate and differentiate their products to remain competitive in the global market.
The global maleic anhydride market is primarily driven by the growing demand for unsaturated polyester resins, which are widely used in construction, automotive, and marine industries. Additionally, the increasing use of maleic anhydride in the production of coatings, lubricating oil additives, and agricultural chemicals is further fueling market growth. The expanding construction and automotive sectors in emerging economies, coupled with the rising investments in infrastructure development projects, are also contributing to the market expansion. Moreover, the shift towards eco-friendly and sustainable products is increasing the adoption of maleic anhydride-based products, driving further demand in the market. Technological advancements and innovations in maleic anhydride production processes are expected to create lucrative opportunities for market growth in the coming years.
Government policies related to the Global Maleic Anhydride Market primarily focus on environmental regulations, trade agreements, and industry standards. Many governments have implemented stringent environmental policies to reduce emissions and promote sustainable production practices in the maleic anhydride industry. Trade agreements play a crucial role in shaping market dynamics by influencing tariffs, quotas, and import/export regulations. Additionally, governments often set industry standards to ensure product quality, safety, and fair competition among manufacturers. Overall, government policies in the Global Maleic Anhydride Market aim to balance economic growth with environmental protection and ensure a level playing field for businesses operating in the sector.
The Global Maleic Anhydride Market is expected to witness steady growth in the coming years, driven by increasing demand from various end-use industries such as automotive, construction, and agriculture. The market is anticipated to be propelled by the rising use of maleic anhydride in the production of resins, coatings, and plastics due to its superior properties such as high chemical reactivity and excellent adhesion. Additionally, the growing trend towards sustainable and eco-friendly products is likely to further boost the market as maleic anhydride is considered a green chemical with low environmental impact. However, challenges such as fluctuating prices of raw materials and stringent regulations regarding emissions may hinder market growth to some extent. Overall, technological advancements and expanding applications are expected to drive the Global Maleic Anhydride Market forward in the foreseeable future.
In the global Maleic Anhydride market, Asia Pacific is expected to dominate in terms of both production and consumption, driven by the rapid industrialization and increasing demand from end-use industries in countries like China and India. North America and Europe are also significant markets for Maleic Anhydride, owing to the presence of well-established chemical and manufacturing sectors. The Middle East and Africa region is witnessing steady growth in the Maleic Anhydride market, supported by investments in infrastructure and construction projects. In Latin America, the market is projected to expand due to the growing automotive and construction industries. Overall, the global Maleic Anhydride market is expected to experience steady growth across all regions, with Asia Pacific leading the way in terms of market share and growth potential.
Global Maleic Anhydride Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Maleic Anhydride Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Maleic Anhydride Market Revenues & Volume, 2021 & 2031F |
3.3 Global Maleic Anhydride Market - Industry Life Cycle |
3.4 Global Maleic Anhydride Market - Porter's Five Forces |
3.5 Global Maleic Anhydride Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Maleic Anhydride Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.7 Global Maleic Anhydride Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Maleic Anhydride Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Global Maleic Anhydride Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Maleic Anhydride Market Trends |
6 Global Maleic Anhydride Market, 2021 - 2031 |
6.1 Global Maleic Anhydride Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Maleic Anhydride Market, Revenues & Volume, By N-Butane, 2021 - 2031 |
6.1.3 Global Maleic Anhydride Market, Revenues & Volume, By Benzene, 2021 - 2031 |
6.2 Global Maleic Anhydride Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Maleic Anhydride Market, Revenues & Volume, By Unsaturated Polyester Resin, 2021 - 2031 |
6.2.3 Global Maleic Anhydride Market, Revenues & Volume, By Copolymers, 2021 - 2031 |
6.2.4 Global Maleic Anhydride Market, Revenues & Volume, By Lubricant Additives, 2021 - 2031 |
6.2.5 Global Maleic Anhydride Market, Revenues & Volume, By Alkenyl Succinic Anhydrides, 2021 - 2031 |
6.2.6 Global Maleic Anhydride Market, Revenues & Volume, By Malic Acid, 2021 - 2031 |
6.2.7 Global Maleic Anhydride Market, Revenues & Volume, By Fumaric Acid, 2021 - 2031 |
6.2.8 Global Maleic Anhydride Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Maleic Anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Maleic Anhydride Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.3.3 Global Maleic Anhydride Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.3.4 Global Maleic Anhydride Market, Revenues & Volume, By Food & Beverages, 2021 - 2031 |
6.3.5 Global Maleic Anhydride Market, Revenues & Volume, By Textile, 2021 - 2031 |
6.3.6 Global Maleic Anhydride Market, Revenues & Volume, By Pharmaceuticals, 2021 - 2031 |
6.3.7 Global Maleic Anhydride Market, Revenues & Volume, By Personal Care, 2021 - 2031 |
6.3.8 Global Maleic Anhydride Market, Revenues & Volume, By Agriculture, 2021 - 2031 |
6.3.9 Global Maleic Anhydride Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Maleic Anhydride Market, Overview & Analysis |
7.1 North America Maleic Anhydride Market Revenues & Volume, 2021 - 2031 |
7.2 North America Maleic Anhydride Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Maleic Anhydride Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
7.4 North America Maleic Anhydride Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Maleic Anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
8 Latin America (LATAM) Maleic Anhydride Market, Overview & Analysis |
8.1 Latin America (LATAM) Maleic Anhydride Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Maleic Anhydride Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Maleic Anhydride Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
8.4 Latin America (LATAM) Maleic Anhydride Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Maleic Anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
9 Asia Maleic Anhydride Market, Overview & Analysis |
9.1 Asia Maleic Anhydride Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Maleic Anhydride Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Maleic Anhydride Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
9.4 Asia Maleic Anhydride Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Maleic Anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
10 Africa Maleic Anhydride Market, Overview & Analysis |
10.1 Africa Maleic Anhydride Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Maleic Anhydride Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Maleic Anhydride Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
10.4 Africa Maleic Anhydride Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Maleic Anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
11 Europe Maleic Anhydride Market, Overview & Analysis |
11.1 Europe Maleic Anhydride Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Maleic Anhydride Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Maleic Anhydride Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
11.4 Europe Maleic Anhydride Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Maleic Anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
12 Middle East Maleic Anhydride Market, Overview & Analysis |
12.1 Middle East Maleic Anhydride Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Maleic Anhydride Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Maleic Anhydride Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Maleic Anhydride Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
12.4 Middle East Maleic Anhydride Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Maleic Anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
13 Global Maleic Anhydride Market Key Performance Indicators |
14 Global Maleic Anhydride Market - Export/Import By Countries Assessment |
15 Global Maleic Anhydride Market - Opportunity Assessment |
15.1 Global Maleic Anhydride Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Maleic Anhydride Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
15.3 Global Maleic Anhydride Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Maleic Anhydride Market Opportunity Assessment, By End-users, 2021 & 2031F |
16 Global Maleic Anhydride Market - Competitive Landscape |
16.1 Global Maleic Anhydride Market Revenue Share, By Companies, 2024 |
16.2 Global Maleic Anhydride Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |