Maleic Anhydride Market Trends

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)

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 Trends