Maleic Anhydride Market Size, Growth, Top Manufacturers, Opportunity and Forecast 2025-2033
11 Mar, 2025
IMARC Group, a leading market research company, has recently releases report titled “Maleic Anhydride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033,” The study provides a detailed analysis of the industry, including the global maleic anhydride market share, size, growth, trends and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the maleic anhydride market?
The global maleic anhydride market size reached USD 3.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.2 Billion by 2033, exhibiting a growth rate (CAGR) of 4.10% during 2025-2033.
Factors Affecting the Growth of the Maleic Anhydride Industry:
Construction Sector Demand:
The global maleic anhydride market benefits significantly from the construction sector's robust demand for unsaturated polyester resins. These resins are pivotal in various construction applications, including infrastructure development, due to their exceptional strength, durability, and corrosion resistance properties. Maleic anhydride is a key raw material in the production of these resins, driving its consumption upwards. As urbanization accelerates and infrastructure projects expand worldwide, particularly in developing economies, the demand for maleic anhydride continues to grow. Its use in applications such as pipes, tanks, and building panels underscores its critical role in modern construction practices, supporting the market's sustained expansion.
Automotive Industry Growth:
The automotive industry's expansion, particularly in emerging markets, fuels the demand for maleic anhydride-based products such as automotive coatings and fiberglass composites. These materials are integral to lightweighting initiatives aimed at improving fuel efficiency and reducing emissions. Maleic anhydride enhances the performance of coatings by providing corrosion resistance and aesthetic appeal, crucial in automotive manufacturing. Moreover, fiberglass composites reinforced with maleic anhydride offer high strength-to-weight ratios, making them ideal for vehicle components like bumpers and body panels.
Lubricant Additives Application:
Maleic anhydride plays a vital role in the production of lubricant additives, essential for enhancing the performance and longevity of industrial machinery and automotive engines. These additives improve lubricity, reduce friction, and prevent wear and tear, thereby extending equipment lifespan and reducing maintenance costs. The growing industrialization and mechanization across various sectors propel the demand for high-performance lubricants, where maleic anhydride derivatives are increasingly preferred due to their superior properties. As industries worldwide focus on operational efficiency and equipment reliability, the market for maleic anhydride in lubricant additives continues to grow, supported by ongoing technological advancements and stringent performance standards.
n-butane represented the largest segment due to its cost-effectiveness and availability, making it a preferred choice for maleic anhydride production.
Breakup by Application:
Unsaturated Polyester Resin (UPR)
1-4, Butanediol (BDO)
Additives
Copolymers
Others
Unsaturated polyester resin (UPR) represented the largest segment owing to its extensive use in construction, automotive, and marine industries for its excellent strength, durability, and corrosion resistance properties.
Breakup by End-Use Industry:
Construction
Automobile
Food and Beverage
Oil Products
Electronics
Personal Care
Pharmaceuticals
Others
Construction represented the largest segment because of the widespread use of unsaturated polyester resins in infrastructure projects such as pipes, tanks, and building panels.
Breakup By Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Asia Pacific was the largest market primarily due to rapid urbanization, infrastructure development, and industrialization in countries like China and India, driving significant demand for maleic anhydride across various applications.
Global Maleic Anhydride Market Trends:
The global maleic anhydride market is driven by several key factors influencing its growth trajectory, such as the increasing demand from the construction sector for unsaturated polyester resins, which find extensive applications in infrastructure development. Moreover, growth in the automotive industry, particularly in emerging economies, fuels demand for maleic anhydride-based products like automotive coatings and fiberglass composites. Additionally, rising adoption of maleic anhydride in the production of lubricant additives enhances market prospects, driven by industrial machinery and automotive sectors. Furthermore, expanding applications in the pharmaceutical industry for manufacturing drugs and medicines contribute significantly to market growth.
Who are the key players operating in the industry?
The report covers the major market players including:
Helm AG
Huntsman Corporation
INEOS Group Limited
Lanxess AG
Merck KGaA
Mitsubishi Chemical Corporation
MOL Group
Nan Ya Plastics Corporation
Ningbo Jiangning Chemical Co. Ltd.
Nippon Shokubai Co. Ltd.
Polynt S.p.A
Thirumalai Chemicals Limited
Tianjin Bohai Chemical Industry Group Supply and Sales Co. Ltd.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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