Maleic Anhydride Market Size & Share, by Type (Molten, Solid), End-user (Construction, Automotive, Chemical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 5139
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Maleic Anhydride Market size was over USD 14.63 billion in 2024 and is anticipated to exceed USD 52.89 billion by the end of 2037, growing at over 10.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of maleic anhydride is evaluated at USD 15.85 billion.

The demand for Maleic Anhydride is directly linked to the growth of end-user industries such as construction, automotive, and consumer goods. The overall economic growth of regions like Asia-Pacific and the Middle East has a significant impact on the demand for Maleic Anhydride as these regions are key consumers of the chemical.

The cost of raw materials, such as benzene and butane, plays a vital role in determining the overall production cost and thus affects the pricing of Maleic Anhydride. Stringent environmental regulations on chemical production and emissions could impact the market by affecting manufacturing processes or limiting market access. Innovations and improvements in production technologies can influence market dynamics and competitiveness.


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Maleic Anhydride Market: Growth Drivers and Challenges

Growth Drivers

  • Growing demand from the construction industry: Maleic Anhydride is used in the production of unsaturated polyester coating resins, which are widely used in the construction industry for various applications like pipes, tanks, and building materials.
  • Increasing automotive production: Maleic Anhydride is utilized in the production of automotive coatings, adhesives, and sealants, which are in high demand due to the growing automotive industry. According to the International Organization of Motor Vehicle Manufacturers (OICA), global motor vehicle production reached approximately 92 million units in 2020, indicating a steady demand for automotive-related chemicals.
  • Rising demand for consumer goods: Maleic Anhydride is used in the production of various consumer goods like packaging materials, toys, and household items, which are in constant demand.

Challenges

  • Volatile Feedstock Prices: The cost of raw materials used in the production of Maleic Anhydride, such as benzene or butane, can be subject to price fluctuations. Changes in feedstock prices can directly affect the production costs, leading to potential challenges in maintaining stable profit margins.
  • Environmental Regulations
  • Market Competition

Maleic Anhydride: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

10.3%

Base Year Market Size (2024)

USD 14.63 billion

Forecast Year Market Size (2037)

USD 52.89 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

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Maleic Anhydride Segmentation

Type (Molten, Solid)

The solid segment in the maleic anhydride market is estimated to gain the largest revenue share in the year 2037. Solid Maleic Anhydride can be used in different types of reactors and processes, making it a versatile option for chemical manufacturers. Solid Maleic Anhydride is often more cost-effective than molten Maleic Anhydride, contributing to its popularity among end-users.

Solid Maleic Anhydride finds applications in various industries, including unsaturated polyester resin production, additives and copolymers, agricultural chemicals, and lubricant components. According to industry reports and studies, the global unsaturated polyester resin sales was valued at over USD 12 billion in 2020, reflecting the significant demand for solid maleic anhydride in this application.

End User (Construction, Automotive, Chemical)

The automotive segment is expected to garner a significant share in the year 2037. The expansion of the global automotive industry leads to an increased demand for automotive coatings, adhesives, and sealants, all of which may use Maleic Anhydride-derived products. According to the International Organization of Motor Vehicle Manufacturers (OICA), global motor vehicle production reached approximately 92 million units in 2020, indicating the continued growth of the automotive industry.

Automakers are increasingly focusing on using lightweight materials to improve fuel efficiency and reduce emissions. Maleic Anhydride-derived products, such as unsaturated polyester resins, are used in lightweight composite materials for automotive parts.

Our in-depth analysis of the global market includes the following segments:

           Type

  • Molten
  • Solid

 

   

           End User

  • Construction
  • Automotive
  • Chemical

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Maleic Anhydride Industry – Regional Synopsis

APAC Market Forecast

The maleic anhydride market in the Asia Pacific region is projected to hold the largest market share of 38% by the end of 2037. The Asia Pacific region is experiencing rapid industrialization and urbanization, leading to increased demand for construction materials, automotive products, and consumer goods, all of which utilize Maleic Anhydride-derived products. According to the Asian Development Bank (ADB), the urban population in Asia is expected to increase from 2.6 billion in 2015 to nearly 3.5 billion by 2030, indicating the pace of urbanization and the potential demand for Maleic Anhydride applications.

North American Market Statistics

The maleic anhydride market in the North America region is projected to hold the second largest share during the forecast period. The North American region has a strong presence of industries such as construction, automotive, and consumer goods, which are major consumers of Maleic Anhydride-derived products. The growth and expansion of these industries drive the demand for Maleic Anhydride. The construction industry in North America has been witnessing steady growth due to infrastructure development projects and increasing demand for commercial and residential buildings. Maleic Anhydride is used in the production of unsaturated polyester resins for various construction materials.

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Companies Dominating the Maleic Anhydride Landscape

    • Huntsman Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Ashland Global Holdings Inc.
    • Lanxess AG
    • Mitsubishi Chemical Corporation
    • NIPPON SHOKUBAI CO., LTD.
    • Bartek Ingredients Inc. (acquired by TorQuest Partners)
    • Polynt Group
    • Fuso Chemical Co., Ltd.
    • Thirumalai Chemicals Limited
    • Changzhou Yabang Chemical Co., Ltd.

In the News

  • Ashland Global Holdings Inc. announced in March 2023 that it would acquire Albemarle Corporation's catalysts business for USD 1.15 billion. The acquisition is expected to close in the second half of 2023.
  • Lanxess announced that it would acquire Emerald Performance Materials, a specialty chemicals company based in the United States. The acquisition was completed in January 2020. Emerald Performance Materials is a leading producer of specialty amines, which are used in a variety of applications, including agricultural fumigants, plastics, and coatings.

Author Credits:  Rajrani Baghel


  • Report ID: 5139
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of maleic anhydride is evaluated at USD 15.85 billion.

The maleic anhydride market size was over USD 14.63 billion in 2024 and is anticipated to exceed USD 52.89 billion by the end of 2037, growing at over 10.3% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for automotive sector will drive the market growth.

North America industry is poised to hold the second largest share by 2037, impelled by strong presence of industries such as construction, automotive, and consumer good in the region.

The major players in the market include Huntsman Corporation, Ashland Global Holdings Inc., Lanxess AG, Mitsubishi Chemical Corporation, NIPPON SHOKUBAI CO., LTD., Bartek Ingredients Inc. (acquired by TorQuest Partners), Polynt Group, Fuso Chemical Co., Ltd., Thirumalai Chemicals Limited, Changzhou Yabang Chemical Co., Ltd.
Maleic Anhydride Market Report Scope
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