Global Maleic Anhydride Market May See a Big Move

Maleic Anhydride Market Size And Forecast

Maleic Anhydride Market size was valued at USD 2.34 Billion in 2024 and is projected to reach USD 3.93 Billion by 2031, growing at a CAGR of 6.68% during the forecast period 2024-2031.

Global Maleic Anhydride Market Drivers

The market drivers for the Maleic Anhydride Market can be influenced by various factors. These may include:

• Demand in a Range of Industries: Maleic anhydride is a flexible chemical intermediate that is utilized in the manufacturing of goods for the consumer goods, automotive, building, and agricultural industries, among others. Maleic anhydride demand is influenced by the general expansion and demand in these industries.
• Growth of the Polymer Industry: Unsaturated polyester resins, which are widely utilized in the production of fiberglass reinforced plastics (FRP), are made possible in large part by the creation of maleic anhydride. Maleic anhydride is anticipated to become more in demand due to the expanding need for strong, lightweight materials in sectors including construction, aerospace, and automotive.
• Maleic anhydride’s Adoption in Chemical Synthesis: Maleic anhydride is also utilized in the synthesis of fumaric acid, maleic acid, and other specialized compounds. Maleic anhydride’s market is further propelled by the rising uses and demand for these substances.
• Asia-Pacific Market Growth: As a result of the region’s fast industrialization and urbanization, particularly in China and India, there is a greater need for maleic anhydride across a range of end-use sectors. Additionally, positive government policies and investments in the development of infrastructure are anticipated to increase the region’s consumption of maleic anhydride.
• Product advancements and Innovations: A variety of application needs are met by ongoing product advancements and innovations in maleic anhydride-based products, such as copolymers and grafted polymers, which propel market expansion.
• Sustainability and Environmental Regulations: Applications such as adhesives, coatings, and water treatment that are friendly to the environment are using a growing amount of maleic anhydride and its derivatives. The market for maleic anhydride is positively impacted by the growing demand for eco-friendly alternatives due to stronger environmental restrictions and increased awareness of sustainability.

Global Maleic Anhydride Market Restraints

Several factors can act as restraints or challenges for the Maleic Anhydride Market. These may include:

• Price Volatility: The cost of raw materials, the price of energy, and market demand are some of the variables that affect the price of maleic anhydride. Planning and budgeting may be difficult for producers and customers as a result of this instability.
• Dependency on Feedstock: The synthesis of maleic anhydride is highly dependent on feedstocks such n-butane, benzene, and butane. Maleic anhydride production and price are immediately impacted by any changes or disruptions in the availability or cost of these feedstocks.
• Environmental Regulations: The synthesis of maleic anhydride frequently involves high temperatures and chemical reactions that could result in waste products or emissions. Adherence to strict environmental rules may require investments in pollution control systems and increase operational costs.
• Competitive Alternatives: There are other items on the market that have comparable uses to maleic anhydride in a range of applications. The market for maleic anhydride may face competition from goods that provide benefits like reduced costs, improved performance, or simpler handling.
• End-Use Market Dynamics: The chemical, plastics, and resin industries are among the end-use markets that have a strong influence on the demand for maleic anhydride. The demand for maleic anhydride may be immediately impacted by any delay or changes in these industries.
• Technological Difficulties: In order to increase productivity, cut costs, and lessen environmental effect, maleic anhydride production processes need advanced technology and ongoing innovation. For producers, keeping up with technology developments can be difficult and expensive.

Global Maleic Anhydride Market Segmentation Analysis

The Global Maleic Anhydride Market is Segmented on the basis of Application, End-Use Industry, Market Dynamics, and Geography.

By Application

• Unsaturated Polyester Resins (UPR): Maleic anhydride is a necessary component in the synthesis of unsaturated polyester resins (UPRs), which are used in the manufacture of fiberglass reinforced plastics (FRP), automotive components, marine coatings, and building supplies.
• Synthesis of 1,4-Butanediol (BDO): Maleic anhydride is the raw material required to make 1,4-butanediol, a versatile chemical intermediate that is utilized in the synthesis of fibers, plastics, and other compounds.
• Alkyd Resins: Paints, coatings, adhesives, and varnishes are made with alkyd resins, which are made from maleic anhydride.
• Surfactants: It’s used to make surfactants, which are utilized in personal care, home cleaning, and industrial cleaning, among other industries.
• Additional uses: These include paper sizing agents, lubricant additives, agricultural compounds, and medicinal intermediates.

By End-Use Industry

• Construction: Fiberglass reinforced polymers (FRP) and coatings are two products that use maleic anhydride.
• Automotive: It is used in adhesives, coatings, and parts for automobiles.
• Paints & Coatings: Alkyd resins, which are extensively used in paints, coatings, varnishes, and adhesives, are made from maleic anhydride.
• Polymers and Plastics: It is utilized in the synthesis of a number of polymers and plastics, such as 1,4-butanediol and unsaturated polyester resins.
• Chemical Intermediates: A variety of chemical intermediates utilized in a wide range of industries are produced using maleic anhydride as a precursor.

By Market Dynamics

• Price segmentation: Set yourself apart from the competition by offering premium, mid-range, and economy products at different price points.
• Technology Segmentation: Divide the market into segments according to the adoption of different technologies, such as advanced production procedures vs conventional manufacturing methods.
• Regulatory Segmentation: Examine the market according to adherence to sustainability and environmental norms.

By Geography

• North America: Market conditions and demand in the United States, Canada, and Mexico.
• Europe: Analysis of the Maleic Anhydride Market in European countries.
• Asia-Pacific: Focusing on countries like China, India, Japan, South Korea, and others.
• Middle East and Africa: Examining market dynamics in the Middle East and African regions.
• Latin America: Covering market trends and developments in countries across Latin America.

 Key Players

The major players in the Maleic Anhydride Market are:

• Huntsman Corporation
• Changzhou Yabang Chemical Co., Ltd.
• Shanxi Qiaoyou Chemical Co., Ltd.
• Polynt-Reichhold Group
• Zibo Qixiang Tengda Chemical Co., Ltd.
• Mitsubishi Chemical Corporation
• Nippon Shokubai Co., Ltd.
• LANXESS AG
• Gulf Advanced Chemical Industries Co., Ltd.
• Ningbo Jiangning Chemical Co., Ltd.

Report Scope

Research Methodology of Market Research:

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any  please connect with our sales team, who will ensure that your requirements are met.