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The global maleic anhydride market attained a value of about USD 3.39 billion in 2023. The market is further expected to grow at a CAGR of 4.9% during the forecast period of 2024-2032 to reach approximately USD 5.24 billion by 2032.
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The global market for maleic anhydride is being driven by the robust production of unsaturated polyester resins (UPR) due to rising demand from the construction and automotive sectors. Owing to cost-effectiveness, high-performance, and eco-friendly characteristics associated with UPR, the market is witnessing growth from its applications in various end-use sectors. With a rise in disposable incomes owing to growth in the working population, the demand for automobiles is increasing.
The UPR is used as a lubricant in automobiles; therefore, the rising demand for automobiles is augmenting the market growth for UPR. Additionally, favourable physical properties like lightweight, high-tensile strength, anti-corrosive properties are leveraging the application of UPRs in lightweight automobile manufacturing. In addition, the application of UPR gives a smooth surface to the vehicles, provides excellent fixing characteristics for the paint, thereby increasing the durability of the applied coat. Furthermore, UPRs are also applied in the production of bumpers, doors, roofs, and interiors of the vehicles, thereby providing impetus to market growth.
Moreover, rapid development in construction projects owing to industrialisation in emerging economies like India and China is boosting the demand for UPR from the Asia Pacific region, further contributing to the overall market for maleic anhydride. Significant deployment of UPR in manufacturing high-quality bathroom fittings for the anti-corrosive properties of UPR is bolstering the market growth. In addition, due to their stable structures, UPRs display good mechanical properties, and excellent thermal stability making them ideal for composite building material, consequently augmenting the market growth of maleic anhydride.
Maleic anhydride is an organic chemical intermediate that appears as colourless, crystalline needles, flakes, pellets, rods, or lumps and used to manufacture various agricultural chemicals, and unsaturated polyester resins (UPR) in automobiles, electrical appliances, and boats, among others.
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The market, on the basis of product type, can be divided into:
Based on end use industry, the market can be segmented into:
The EMR report looks into the regional markets of maleic anhydride like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Due to factors, such as innovations in personal care products and inflating consumer incomes, the market players are deploying maleic anhydride and its derivatives as significant ingredients in the cosmetic products, which is driving the overall market growth of maleic anhydride globally. Maleic anhydride is used in a variety of personal care products. In hair-care applications, copolymers containing maleic anhydride are widely found in hair sprays and gel for hair fixing and styling, making the hair resistant to high humidity. In addition, maleic anhydride components act as rheology modifiers to sustain the texture of skin care products, providing better texture and ease in application. Furthermore, owing to the rising market demand for sustainable personal care products, the growth of the industry can be attributed to its excellent environment-friendly properties, as the chemical is derived from biomass. Hence, due to the favourable properties of maleic anhydride, it is widely deployed in personal care products, which is significantly contributing to the industry growth.
The report presents a detailed analysis of the following key players in the global maleic anhydride market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by End Use Industry |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global maleic anhydride market attained a value of nearly USD 3.39 billion in 2023.
The market is projected to grow at a CAGR of 4.9% in the forecast period of 2024-2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 5.24 billion by 2032.
The market is being driven by the robust demand for unsaturated polyester resin (UPR) owing to its heightened demand from construction and automobile sector and the rising demand for lubricating oil additives.
The key trends of the market include the deployment of maleic anhydride and its derivatives in personal care products owing to its sustainable properties and growing use of bio-based maleic anhydride.
The major regional markets for maleic anhydride are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The different product types of maleic anhydride are unsaturated polyester resin, BDO (butanediol), lubricant additives, maleic anhydride copolymers, malic acid, furmaric acid, alkyl succinic anhydrides, and surfactants and plasticisers, among others.
The significant end use industries of maleic anhydride are construction, automobile, food and beverage, oil products, electronics, personal care, pharmaceuticals, and agriculture.
The key players in the global maleic anhydride market are Huntsman International LLC, Shandong Hongxin Chemical Co. Ltd, Helm AG, Mitsubishi Chemical Corporation, and Ningbo Jiangning Chemical Co. Ltd, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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