Maleic Anhydride Market Analysis

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: