Maleic Anhydride Market Share

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.