Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Maleic Anhydride Market size was over USD 3.7 billion in 2024 and is expected to reach USD 7.8 billion by the end of 2037, growing at around 5.8% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of maleic anhydride is assessed at USD 3.9 billion.
The maleic anhydride market is driven by the increasing use of unsaturated polyester resins (UPRs) in construction, automotive, and coating applications. In 2024, global production of maleic anhydride was approximately 620,001 tons that year, with a leading global capacity of 201,001 tons, or 33%, produced in China. For the first time, India emerged as the largest importer of maleic anhydride in 2024, receiving 95,001 tons worth a total of $97 million, helped by growing demand from their expanding infrastructure and automotive markets. Asia-Pacific, fueled by India and China, held 52.2% of revenue share in 2023 as construction activity was very strong and growing demand supported energy-efficient products.
The maleic anhydride market has some degree of sensitivity regarding feedstock consumption, particularly n-butane and benzene, or in some cases, their price volatility and transportation costs will directly influence economic feasibility for production. China's increased capacity has created an oversupply, therefore lowering prices. In 2023, the U.S. exported more than 44,001 tons and imported nearly 17,001 tons, therefore demonstrating interdependence between global trade and the product. Industry leaders are continuing to support continued investment target R&D efforts to address sustainable, bio-based maleic anhydride to address continuing regulatory pressures and growing demand for greener bio-based alternatives.
