This report is designed for companies and decision-makers seeking actionable insights on market size, growth, trends, and competitive strategies to drive expansion and success in the Maleic Anhydride industry.
What is the expected value of the maleic anhydride market over the forecast period?
The maleic anhydride market size has grown strongly in recent years. It will grow from $3.75 billion in 2024 to $4.03 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to chemical manufacturing growth, polymer production, construction and infrastructure, automotive industry, furniture and appliances.
The maleic anhydride market size is expected to see strong growth in the next few years. It will grow to $5.31 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to environmental regulations, plasticizers and resins, transportation industry, electronic devices, packaging industry. Major trends in the forecast period include smart materials and composites, green infrastructure, sustainable chemistry innovations, bio-based maleic anhydride, advanced polymer applications.
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What industry dynamics are acting as key growth drivers for the maleic anhydride market?
The rising demand for automobiles globally has contributed to the growth of the maleic anhydride market. The automobile industry is a business of producing and selling self-powered vehicles, including passenger cars, trucks, farm equipment, and other commercial vehicles. The automobile industry uses unsaturated polyester resin (UPR) derived from maleic anhydride for building parts due to its design versatility, lightweight, and mechanical properties. For instance, in March 2024, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, the global car market experienced a significant rebound in 2023, with sales growing by almost 10% to surpass 72 million units. The European car market was particularly strong, with sales increasing by 18.6% compared to 2022. This growth was driven by a similar trend in both EU and Eastern European markets, with Russia and Ukraine showing impressive growth rates of 63.5% and 58.9% respectively. This rise has, in turn, boosted the growth of maleic anhydride and its product market.
What are the fastest-growing segments in the maleic anhydride market forecast period?
The maleic anhydride market covered in this report is segmented –
1) By Type: Solid Maleic Anhydride, Molten Maleic Anhydride
2) By Raw Material: Benzene, N-Butane
3) By Application: Unsaturated Polyester Resin, Copolymers, Lubricant Additives, Alkyl Succinic Anhydrides, Malic Acid, Fumaric Acid
4) By End User: Construction, Automobile, Food and Beverage, Oil Products, Electronics, Personal Care, Pharmaceuticals, Agriculture
Subsegments
1) By Solid Maleic Anhydride: Crystalline Maleic Anhydride, Powdered Maleic Anhydride
2) By Molten Maleic Anhydride: Liquid Maleic Anhydride
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What are the top market trends driving innovation in the maleic anhydride industry?
Increased investments in research and development are a key trend gaining popularity in the maleic anhydride markets. Major pharmaceutical companies operating in the maleic anhydride market are focused on exploring the potential of L-malic acid in dietary supplements. There has been a substantive demand for cardioprotective and immunity-boosting ingredients all over the world. For instance, the current and tenth editions of the global maleic anhydride market size outlook to 2028 estimate the market to register a moderate-to-high growth rate during the forecasted period. Major companies in the maleic anhydride market are working to launch new products and solutions by modestly reducing R&D budgets and looking for investments. Additionally, malic acid has shown promise in treating patients with fibromyalgia, and the therapeutic application has thereby attracted sizable R&D investments from several pharmaceutical companies.
Which major players hold significant market share in the maleic anhydride sector?
Major companies operating in the maleic anhydride market include Huntsman Corporation, Lanxess AG, Mitsubishi Chemical Corporation, HELM AG, Ningbo Jiangning Chemical Co. Ltd., Nippon Shokubai Co. Ltd., Ashland Global Holdings Inc., Changzhou Shuguang Chemical Co. Ltd., Bartek Ingredients Inc., BASF SE, Cepsa Química S.L.U., Polynt S.p.A., Sasol Limited, Flint Hills Resources LP, Zibo Qixing Tengda Chemical Co. Ltd., Yongsan Chemicals Inc., Tianjin Bohai Chemicals, Thirumalai Chemicals Limited, Gulf Advanced Chemical Industries Co. Ltd., MOL Group, Yunnan Yunwei Company Limited, Jiangyin Shunfei Fine Chemical Co. Ltd., Jiangsu Zhongteng Chemical Co. Ltd., Fuso Chemical Co. Ltd., Mitsui Chemicals Inc., Shandong Hongxin Chemical Co. Ltd., Baotie Hebei Chemical Industry Co. Ltd., Aekyung Petrochemical Co. Ltd., DSM NV, Merck & Co. Inc., Bluestar Harbin Petrochemical Corporation, INEOS, NAN YA PLASTICS CORPORATION, China National Chemical Corporation, Hexion Inc., Lonza Group AG, Zibo Qixiang Tengda Chemical Co. Ltd., Zhejiang Weishi Biotechnology Co. Ltd., Zouping Qili Additives Co. Ltd.
Which regional segments are forecasted to witness the fastest growth in the maleic anhydride market?
Asia-Pacific was the largest region in the maleic anhydride market share in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the maleic anhydride market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
How Can Companies Use The Maleic Anhydride Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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