Maleic anhydride Market Size, Share, Growth, and Industry Analysis, By Type (Solid Maleic Anhydride & Molten Maleic Anhydride), By Application (Unsaturated Polyester Resin, 1,4-butanediol (BDO), & Other), and Regional Insights and Forecast to 2034

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MALEIC ANHYDRIDE MARKET OVERVIEW

The global maleic anhydride market size was USD 3.41 billion in 2025 and is projected to reach USD 7.16 billion by 2034, exhibiting a CAGR of 7.5% during the forecast period.

The maleic anhydride market is experiencing continuous growth due to extensive applications in chemical, motor vehicle, construction and agricultural sectors. Maleic anhydride is used primarily in the production of unsaturated polyester resins, which are the major materials in fiberglass-reinforced plastic, coatings and adhesive constructions. Its role in the production of fumaric acids, lubricated oil additives, and copolymer supports industrial demand. Increased infrastructure development, increase in motor vehicle production, and expanding industrial activity globally is increasing the need for masculine anhydride-based products. In addition, increasing attention on high-demonstration materials and durable chemical solutions is encouraging manufacturers to adopt innovative production processes and advanced formulas, which can enhance market capacity.

Technological progress in production, including the catalyst oxidation of Butane and Benzene, has improved the yield and reduced environmental impact, making users more attractive to the end users. However, raw material prices in the market faces challenges of strict environmental rules that control chemical manufacturing and chemical manufacturing. Despite these obstacles, special applications have opportunities, bio-based massage anhydride, and emerging markets in Asia-Pacific and Latin America, market conditions for continuous growth and expansion in the coming years.

COVID-19 IMPACT

Maleic anhydride Industry Had a Negative Effect Due to delivery disruption during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels. 

Production and delayed delivery decreased due to disruption in global supply chains, temporary shutdowns of chemical manufacturing plants, and reduction in industrial activity. Major end-facilities such as automotive, construction and industrial manufacturing, resulting in a low demand for inappropriate polyester resins, coatings, and adhesives such as maleic anhydride-based products.

LATEST TRENDS

Bio-Based Production to Drive Market Growth

There have been notable developments in the market which have the potential to boost the maleic anhydride market share. One of the latest trends in the Maleic Anhydride market is a growing change towards bio-based production methods. This development stems from increasing environmental concerns and regulatory pressures over traditional benzene-based processes. The bio-based Maleic anhydride is produced by fermenting renewable feedstocks-such as butanol-and then oxidize them to get the product. This permanent method reduces dependence on petrochemicals and aligns with global push for greenery industrial chemistry. Companies are investing as a competitive advantage in this emerging technology, especially when serving industries such as motor vehicles and construction that rapidly demand environmentally friendly raw materials.

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MALEIC ANHYDRIDE MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into solid maleic anhydride & molten maleic anhydride

• Solid maleic anhydride: Solid maleic anhydride is used widely in the production of unsaturated polyester resins, lubrication oil additives and coatings. Its easy storage, handling feature, and stability during transport makes it a favorite option for industries requiring small batch processing and long -term stockpiling.

• Melted maleic anhydride: The molten maleic anhydride is due to mass industrial applications such as co-polymer and agricultural chemicals such as its direct feedstock purposes. This eliminates the need to re -melt, reduce energy costs and ensure efficiency in continuous production processes.

By Application

Based on application, the global market can be categorized into Unsaturated Polyester Resin, 1,4-butanediol (BDO), & Other

• Unsaturated polyester resin (UPR): UPR represents the largest application section in the Maleic Anhydride market widely used in construction, marine and motor vehicle industries due to its excellent mechanical strength, corrosion resistance and cost-effectiveness. Demand for growing infrastructure and mild composite in transportation is promoting the development of this section.

• 1,4-Butendiol (BDO): The owner is a major precursor in the Maleic Anhydride BDO production, which is used extensively in Spandex fiber, engineering plastic and polyurethane applications. The increasing use of BDO in flexible packaging, electronics and textile industries increases strong demand in this segment.

• Others: This category includes applications such as copolymers, lubricating oil additives, fumaric acid and agricultural chemicals. Increasing demand for special chemicals and top industrial applications ensures stable consumption of malic anhydride in these areas.

MARKET DYNAMICS

Driving Factors

Rising Demand for Unsaturated Polyester Resins (UPR) to Boost the Market

This is a major factor in the maleic anhydride market growth. Melic plays an important role in the production of anhydride UPR, which is used in large-scale fiber fileted plastic and coatings. Rapid growing economies are fueling the use of UPR in pipes, tanks, panels and coatings due to rapid growing construction sector, their corrosion resistance, high strength-to-wisdom ratio and cost-effectiveness. Additionally, in the motor vehicle industry, UPPR-based composite is replacing metals to reduce the weight of the vehicle and improve fuel efficiency, align with global stability goals and emission rules. This structural change towards light and durable materials continues to increase the demand for malic anhydride.

Expanding Use of 1,4-Butanediol (BDO) to Expand the Market

BDO derivatives such as Tetrahydrofuran (THF), γ- butyrolactone (GBL), and growing demand for tetrahydrofuran (THF), γ-butyrolactone (GBL), and polybutylene terephthalate (PBT) are strengthening the market. THF Spandex is important to produce fiber, which are in high demand in sports, casual wear and health care. At the same time, PBT is used to produce durable and heat-resistant components in automotive and electronics industries. With consumer lifestyles, BDO applications are rapidly expanded, with comfort, performance-based textiles, and moved towards advanced electronic devices, ensure frequent demand for maleic anhydride as a raw material.

Restraining Factor

Volatility in Raw Material Prices to Potentially Impede Market Growth

Maleic anhydride production depends a lot on petrochemical feedstocks such as benzene and an-butane, whose availability and prices fluctuate in global crude oil markets. These fluctuations cause unstable production costs and squeeze margin, especially for small and medium-sized manufacturers. In addition, at the time of an increase in the price of crude oil, manufacturers face increased difficulties, which reduces competition. This dependence on fossil fuels also increases the risk for the series disruption and the supply of geo -political risks, making the market highly sensitive to the external shock.

Growing Demand for Eco-Friendly Composites to Create Opportunity for the Product in the Market

Opportunity

Under increasing pressure to reduce your environmental footprint, with industries, increasing focus on developing bio-based and recycled composites. Maleic anhydride can be taken from renewable composites, and such bio-based alternatives are receiving traction in motor vehicle, manufacturing and renewable energy industries.

For example, wind turbine blades support both environmentally friendly composes and light motor vehicle parts. It offers a significant development opportunity for producers to separate themselves by tapping in premium markets and offering green options that align with global carbon reduction goals.

Stringent Environmental Regulations Could Be a Potential Challenge for Consumers

Challenge

The manufacture of Maleic anhydride involves high temperatures, energy consumption, and handling of dangerous chemicals, which leads to emissions such as volatile organic compound (VOC). Governments, especially in regions of Europe and North America, are tightening environment and safety regulations, forcing manufacturers to adopt cleaner technologies and advanced emission-control systems.

While this infection supports long -stagnation, it requires adequate capital investment, which can reduce low -profitability. In addition, companies that fail to face risks such as fines, shutdowns and reputed damage make regulatory compliance a significant challenge.

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MALEIC ANHYDRIDE MARKET REGIONAL INSIGHTS

• North America

The region reflects the stable growth operated by the strong demand of unsaturated polyester resins and construction, 1,4- butanediol in motor vehicle and industrial applications. The United States Maleic Anhydride Market is especially expanding due to increasing investment in the automotive sector and increasing investment in infrastructure projects that demand durable and corrosion-resistant materials.

• Europe

The increase in this region is supported by strict environmental rules and motor vehicle, aerospace and sustainable, push to high-demonstration materials. European manufacturers are investing in advanced production processes and bio-based options to align with the green initiative of the European Union, while the demand for the renewable energy sector further strengthens the market.

• Asia

Asia dominates the global market, consumed by China and India rapid industrialization, infrastructure expansion and a rapidly growing motor vehicle industry. The region benefits from low-cost raw materials and manufacturing capabilities, with increasing investment in construction and consumer electronics, the owner promotes stable demand for anhydride-based resins and polymers.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

Major industry players are shaping the Maleic Anhydride market through strategic innovation and market expansion. These companies are starting advanced production techniques, such as more efficient catalyst oxidation procedures, improving output quality, reducing environmental impact and increasing performance in applications. They are also expanding their product portfolio, which include especially massage anhydride grades for unsaturated polyester resins, 1,4-butnediol (BDO), and other NICHE applications, especially massage anhydride grades, catering for growing demands of motor vehicles, construction and chemical industries. Additionally, industry leaders are taking advantage of digital platforms and advanced supply chain technologies to expand market access, ensure timely distribution and strengthen global distribution efficiency. By investing heavy in research and development, adaptation of operating capabilities, and entering new regional markets, these players are setting industry benchmarks and promoting long -term development.

List Of Top Maleic Anhydride Companies

• Huntsman Corporation (U.S.)
• Sasol-Huntsman (Germany)
• Ashland (U.S.)
• Polynt (Italy)
• LANXESS (Germany)
• Thirumalai Chemicals Ltd. (India)
• Flint Hills Resources (U.S.)
• BASF (Germany)
• YONGSAN CHEMICALS, INC. (South Korea)
• DSM (Netherlands)

KEY INDUSTRY DEVELOPMENT

November 2023: Clarity entered an agreement with Jiangsu Shengong Petrochemical Company, Ltd. to help establish a new marry anhydride production facility in Liangung, Jiangsungung, Jiangasu Province, China. This feature will use Clerient's Synden 3142 La Catalyst and estimate an impressive annual production capacity of 200,000 tons, the position of one of the largest maleic anhydride plants globally

REPORT COVERAGE

The study offers detailed SWOT analysis and provides valuable insights into future developments within the market. It explores various factors driving market growth, examining a broad range of market segments and potential applications that may shape its trajectory in the coming years. The analysis considers both current trends and historical milestones to provide a comprehensive understanding of the market dynamics, highlighting potential growth areas.

The Maleic Anhydride market is ready for significant growth, inspired by increasing demands in various applications such as consumer preferences, unsaturated polyester resins, 1,4-beetndiols and special chemicals and products and products in innovation in innovation. Although challenges such as availability and high cost of limited raw materials may arise, market expansion is supported by increasing interest in permanent solutions and improving quality. Major industry players are moving through technological innovations and strategic expansion, increasing supply and market access. They are focusing on energy-skilled production processes, and partnership to strengthen their global appearance. As the market dynamics shift and the demand for diverse applications increases, the owner is expected to flourish in the market, with continuous innovation, widely adopted in the end-use industries, and promotes permanent practices that promote their future trajectory.