Product Code: SR112024A7042
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. There are various factors that are driving the market, which include the rising adoption of vehicles due to their enhanced convenience, increasing production of agrochemicals such as herbicides and pesticides, and the thriving construction sector.
Maleic anhydride (C4H2O3) is a highly reactive, colorless, and crystalline organic compound available in flake, briquette, pellet, and lump variants. It is produced by the oxidation of benzene or n-butane in the presence of vanadium oxide catalysts. Maleic anhydride is widely used in resins, coating, pharmaceuticals, surfactants, agricultural products, and plastics. It is also used in water treatment chemicals, paper sizing, artificial sweeteners, flavor enhancers, cosmetics, and lubricants. Maleic acid is a biodegradable compound with a pungent odor and excellent solubility in water and methanol. It improves mechanical strength, controls pH, enhances texture, and exhibits corrosion-resistant properties. As a result, maleic anhydride finds extensive applications across the construction, automotive, food and beverage (F&B), electronics, cosmetics, personal care, and pharmaceutical industry.
Maleic Anhydride Market Trends:
The rising product utilization in the construction industry is one of the primary factors creating a positive outlook for the market. Maleic anhydride is widely used to produce unsaturated polyester resin (UPR) that finds application in the manufacturing of tiles, building panels, reinforcements, household structure composites, countertops, tubs, and sinks due to its low price and fast curing time. In addition to this, the widespread product utilization as a protective coating for building sites and as a plasticizer in concrete to improve viscosity and pot life is acting as another growth-inducing factor. Furthermore, rising product adoption in the automotive industry to manufacture various composites, such as fenders, body panels, heat shields, grille opening reinforcement (GOR), pick-up boxes, and headlamp reflectors, is providing an impetus to the market growth. Along with this, increasing application of maleic anhydride to produce lubricant additives, such as pour point depressants, viscosity index improvers, and dispersants, is propelling the market growth. Additionally, the recent development of a new method to synthesize maleic anhydride using plate vanadium phosphorous oxide (VPO) catalyst and renewable feedstock chemicals, such as furfural, which provides better yield, improves selectivity, and minimizes adverse environmental impact is positively influencing the market growth. Moreover, the widespread product demand in the F&B industry as an artificial sweetener, flavor enhancer, and preservative and to produce various food additives, such as fumaric acid, succinic acid, and malic acid, is favoring the market growth. Other factors, including escalating product demand in the pharmaceutical industry, rising product utilization in manufacturing cosmetics, and increasing product demand for producing insecticides and fungicides, are anticipated to the drive market growth.
Key Market Segmentation:
Raw Material Insights:
- n-butane
- Benzene
- The report has also provided a detailed breakup and analysis of the maleic anhydride market based on the raw material. This includes n-butane and benzene. According to the report, n-butane represented the largest segment.
Application Insights:
- Unsaturated Polyester Resin (UPR)
- 1-4, Butanediol (BDO)
- Additives
- Copolymers
- Others
End Use Industry Insights:
- Construction
- Automobile
- Food and Beverage
- Oil Products
- Electronics
- Personal Care
- Pharmaceuticals
- Others
Regional Insights:
- 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
- The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for maleic anhydride. Some of the factors driving the Asia Pacific maleic anhydride market include rapid industrialization, increasing automotive production, rising demand from end user industries, etc.
Competitive Landscape:
- The report has also provided a comprehensive analysis of the competitive landscape in the global maleic anhydride market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 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., etc.
Key Questions Answered in This Report:
- How has the global maleic anhydride market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global market?
- What is the impact of each driver, restraint, and opportunity on the global market?
- What are the key regional markets?
- Which countries represent the most attractive market?
- What is the breakup of the market based on the raw material?
- Which is the most attractive raw material in the market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the market?
- What is the breakup of the market based on the end use industry?
- Which is the most attractive end use industry in the market?
- What is the competitive structure of the market?
- Who are the key players/companies in the global maleic anhydride market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Maleic Anhydride Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Raw Material
- 6.1 n-butane
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Benzene
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Application
- 7.1 Unsaturated Polyester Resin (UPR)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 1-4, Butanediol (BDO)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Additives
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Copolymers
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Construction
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Automobile
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Food and Beverage
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Oil Products
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Electronics
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Personal Care
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Pharmaceuticals
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
- 8.8 Others
- 8.8.1 Market Trends
- 8.8.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
- 10.1 Overview
- 10.2 Drivers
- 10.3 Restraints
- 10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Helm AG
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Huntsman Corporation
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 INEOS Group Limited
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Lanxess AG
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Merck KGaA
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Mitsubishi Chemical Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 MOL Group
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Nan Ya Plastics Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Ningbo Jiangning Chemical Co. Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Nippon Shokubai Co. Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Polynt S.p.A
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 SWOT Analysis
- 14.3.12 Thirumalai Chemicals Limited
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.13 Tianjin Bohai Chemical Industry Group Supply and Sales Co. Ltd.
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.14 Zibo Qixiang Tengda Chemical Co. Ltd.
- 14.3.14.1 Company Overview
- 14.3.14.2 Product Portfolio
- 14.3.14.3 Financials
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.