Maleic Anhydride - Global Strategic Business Report

The global market for Maleic Anhydride was valued at US$5.9 Billion in 2024 and is projected to reach US$7.3 Billion by 2030, growing at a CAGR of 3.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Maleic Anhydride Market - Key Trends & Drivers Summarized

What Makes Maleic Anhydride a Critical Chemical in Various Industries?

Maleic anhydride is a highly reactive chemical intermediate essential in the production of a wide range of products. It is primarily used in the manufacture of unsaturated polyester resins (UPR), which are crucial in the automotive, construction, and marine industries. Maleic anhydride is also a key ingredient in the production of lubricating oil additives, agricultural chemicals, and copolymers. Its ability to undergo various chemical reactions makes it a versatile compound, ensuring its demand across diverse industrial applications. The extensive use of maleic anhydride in these sectors highlights its significance in global markets.

How Have Technological Innovations Enhanced Maleic Anhydride Production and Applications?

Technological advancements have significantly improved maleic anhydride production and its applications. Innovations in catalytic oxidation processes have increased the efficiency and yield of maleic anhydride production, reducing costs and environmental impact. The development of high-performance catalysts has enabled the production of high-purity maleic anhydride, meeting the stringent quality requirements of various industries. Additionally, advancements in polymer science have expanded the use of maleic anhydride in the production of high-performance resins and plastics. These technological strides have broadened the scope and utility of maleic anhydride, driving its demand across multiple sectors.

What Are the Current Trends in Maleic Anhydride Consumption?

Current trends in maleic anhydride consumption reflect its broadening applications and evolving industry demands. The automotive industry continues to be a significant consumer of maleic anhydride, driven by the demand for lightweight and durable materials. The construction sector is also witnessing increased use of maleic anhydride-based resins in the production of composites and coatings. The agricultural industry is increasingly utilizing maleic anhydride in the formulation of pesticides and herbicides. Additionally, the growing use of maleic anhydride in the production of biodegradable plastics and environmentally friendly chemicals is on the rise. These trends highlight the diverse applications of maleic anhydride and its importance in various sectors.

What Factors Are Driving the Growth in the Maleic Anhydride Market?

The growth in the maleic anhydride market is driven by several factors. Firstly, the rising demand for unsaturated polyester resins in the automotive, construction, and marine industries is propelling the use of maleic anhydride. Secondly, the expanding applications of maleic anhydride in the production of lubricating oil additives, agricultural chemicals, and copolymers are significant growth drivers. The construction industry's increasing use of maleic anhydride-based resins in composites and coatings is also contributing to market growth. Additionally, the growing demand for biodegradable plastics and environmentally friendly chemicals is boosting maleic anhydride consumption. The trend towards sustainable and high-performance materials further fuels market growth. Lastly, ongoing research and development efforts aimed at discovering new applications and improving production processes continue to foster market expansion, underscoring the robust growth trajectory of the maleic anhydride market.

Report Scope

The report analyzes the Maleic Anhydride market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Application (Unsaturated Polyester Resin (UPR), 1,4-BDO, Lubricating Oil Additives, Copolymers, Other Applications).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Unsaturated Polyester Resin (UPR) Application segment, which is expected to reach US$4.3 Billion by 2030 with a CAGR of a 4.2%. The 1,4-BDO Application segment is also set to grow at 3.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $1.6 Billion in 2024, and China, forecasted to grow at an impressive 6.4% CAGR to reach $1.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Ashland Global Holdings, Inc., Huntsman Corporation, Lanxess AG, Mitsubishi Chemical Holdings Corporation, Polynt S.P.A. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Maleic Anhydride Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Maleic Anhydride Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Maleic Anhydride Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 63 major companies featured in this Maleic Anhydride market report include:

• Ashland Global Holdings, Inc.
• Huntsman Corporation
• Lanxess AG
• Mitsubishi Chemical Holdings Corporation
• Polynt S.P.A.
• Zibo Qixiangtengda Chemical Co., Ltd.