Maleic Anhydride Market Report 2025

This Maleic Anhydride market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The maleic anhydride market size has grown strongly in recent years. It will grow from $3.75 billion in 2024 to $4.03 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to chemical manufacturing growth, polymer production, construction and infrastructure, automotive industry, furniture and appliances.

The maleic anhydride market size is expected to see strong growth in the next few years. It will grow to $5.31 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to environmental regulations, plasticizers and resins, transportation industry, electronic devices, packaging industry. Major trends in the forecast period include smart materials and composites, green infrastructure, sustainable chemistry innovations, bio-based maleic anhydride, advanced polymer applications.

The increasing global demand for automobiles has fueled the growth of the maleic anhydride market. The automobile industry encompasses the production and sale of self-powered vehicles, including passenger cars, trucks, farm machinery, and various commercial vehicles. Unsaturated polyester resin (UPR), derived from maleic anhydride, is utilized in the automobile sector for manufacturing parts due to its design versatility, lightweight nature, and mechanical properties. For example, in March 2024, the European Automobile Manufacturers Association, a Belgium-based organization for automobile manufacturers, reported that the global car market saw a significant recovery in 2023, with sales rising by nearly 10% to exceed 72 million units. The European car market was particularly robust, witnessing an 18.6% increase in sales compared to 2022. This growth trend was observed across both EU and Eastern European markets, with Russia and Ukraine reporting remarkable growth rates of 63.5% and 58.9%, respectively. Consequently, this surge has positively impacted the growth of maleic anhydride and its associated product market.

The expanding construction industry is anticipated to drive the growth of the maleic anhydride market in the future. This industry includes a broad spectrum of activities related to the planning, design, development, and construction of buildings, infrastructure, and other physical structures. Maleic anhydride contributes to construction materials by enhancing the performance and durability of various components while providing chemical resistance, corrosion resistance, ease of maintenance, and thermal insulation, along with design flexibility. For instance, in May 2024, the Office for National Statistics, a UK government department, reported that total new construction orders increased by 15.9% ($1,575 million) in the first quarter of 2024 (January to March) compared to the fourth quarter of 2023 (October to December). This marks the highest level of total new construction orders ($11,493 million) since the first quarter of 2023, which recorded orders totaling $11.84 billion. Therefore, the growth of the construction industry is driving the expansion of the maleic anhydride market.

A notable trend in maleic anhydride markets is the increased focus on research and development, particularly in exploring the potential of L-malic acid in dietary supplements by major pharmaceutical companies. The demand for cardioprotective and immunity-boosting ingredients worldwide has led to substantial investments in R&D. Moreover, malic acid has shown promise in treating fibromyalgia patients, attracting significant R&D investments from pharmaceutical companies.

Key companies in the maleic anhydride market are making investments to boost their revenues. For example, in October 2022, Global Trade Alert, a Switzerland-based trade monitoring initiative, reported that the government of Türkiye approved an investment project by TN Maleik Petrokimya to enhance the production of maleic anhydride. As part of this investment initiative, the Turkish government provided TN Maleik with various tax incentives and social insurance reliefs. The tax reduction support will end once the total unpaid taxes reach 85% of the total investment amount, which is USD 150.6 million. Furthermore, the government has committed to offering approximately USD 570,000 in support for social security premiums. The total value of the TN Maleik investment project is USD 177.1 million and includes the establishment of a new production facility in Kocaeli, which is designed to produce 50,000 tonnes of maleic anhydride annually.

In June 2023, Petronas Chemicals Group Berhad, a Malaysian chemical company, made a final investment decision (FID) to acquire a maleic anhydride plant from BASF Petronas Chemicals Sdn. Bhd (BPC) for an undisclosed amount. This strategic acquisition is poised to integrate specific chemical derivatives of maleic anhydride in the future, potentially collaborating with other downstream manufacturers of maleic anhydride in Malaysia. The move aims to diversify PCG's product line and enhance the company's derivatives offerings. BASF Petronas Chemicals Sdn. Bhd (BPC) is a Malaysian chemical company specializing in the production of maleic anhydride.

Major companies operating in the maleic anhydride market include Huntsman Corporation, Lanxess AG, Mitsubishi Chemical Corporation, HELM AG, Ningbo Jiangning Chemical Co. Ltd., Nippon Shokubai Co. Ltd., Ashland Global Holdings Inc., Changzhou Shuguang Chemical Co. Ltd., Bartek Ingredients Inc., BASF SE, Cepsa Química S.L.U., Polynt S.p.A., Sasol Limited, Flint Hills Resources LP, Zibo Qixing Tengda Chemical Co. Ltd., Yongsan Chemicals Inc., Tianjin Bohai Chemicals, Thirumalai Chemicals Limited, Gulf Advanced Chemical Industries Co. Ltd., MOL Group, Yunnan Yunwei Company Limited, Jiangyin Shunfei Fine Chemical Co. Ltd., Jiangsu Zhongteng Chemical Co. Ltd., Fuso Chemical Co. Ltd., Mitsui Chemicals Inc., Shandong Hongxin Chemical Co. Ltd., Baotie Hebei Chemical Industry Co. Ltd., Aekyung Petrochemical Co. Ltd., DSM NV, Merck & Co. Inc., Bluestar Harbin Petrochemical Corporation, INEOS, NAN YA PLASTICS CORPORATION, China National Chemical Corporation, Hexion Inc., Lonza Group AG, Zibo Qixiang Tengda Chemical Co. Ltd., Zhejiang Weishi Biotechnology Co. Ltd., Zouping Qili Additives Co. Ltd.

Asia-Pacific was the largest region in the maleic anhydride market share in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the global maleic anhydride industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the maleic anhydride market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Maleic anhydride serves diverse purposes, including the manufacturing of unsaturated polyester resins (UPR), utilization as lubricating oil additives, dispersants, and corrosion inhibitors. This chemical intermediate is derived through the oxidation of benzene or butane in the presence of a vanadium oxide catalyst. Maleic anhydride, characterized by its colorless or white solid state, is a cyclic dicarboxylic anhydride organic chemical. It finds application as a food preservative, flavor enhancer, and artificial sweetener upon conversion to maleic or fumaric acid, with extensive uses in pharmaceutics, agricultural products, and surfactants.

The primary types of maleic anhydride exist are solid maleic anhydride and molten maleic anhydride. Solid maleic anhydride, present in a solid form, is predominantly employed in the creation of unsaturated polyester resins. Derived from raw materials like benzene and n-butane, maleic anhydride serves various sectors, including construction, automobiles, food and beverages, oil products, electronics, personal care, pharmaceuticals, and agriculture. Its applications encompass use in unsaturated polyester resin, copolymers, lubricant additives, alkyl succinic anhydrides, malic acid, and fumaric acid.

The maleic anhydride research report is one of a series of new reports that provides maleic anhydride statistics, including maleic anhydride industry global market size, regional shares, competitors with maleic anhydride shares, detailed maleic anhydride segments, market trends and opportunities, and any further data you may need to thrive in the maleic anhydride industry. This maleic anhydride research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The maleic anhydride market consists of sales of different forms of maleic anhydride including pellets, flakes and lumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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