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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Maleic Anhydride Market Outlook

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.

Global Maleic Anhydride Market

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Robust Demand for Unsaturated Polyester Resins (UPR) from Construction and Automobile Sector to Augment Market Growth

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: Market Segmentation

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.

Global Maleic Anhydride Market by Segment

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The market, on the basis of product type, can be divided into:

  • Unsaturated Polyester Resin
  • BDO (Butanediol)
  • Lubricant Additives
  • Maleic Anhydride Copolymers
  • Malic Acid
  • Furmaric Acid
  • Alkyl Succinic Anhydrides
  • Surfactants and Plasticisers
  • Others

Based on end use industry, the market can be segmented into:

  • Construction
  • Automobile
  • Food and Beverage
  • Oil Products
  • Electronics
  • Personal Care
  • Pharmaceuticals
  • Agriculture

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.

Global Maleic Anhydride Market by Region

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Rising Applications of Maleic Anhydride in Personal Care Products to Augment the Market Growth

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.

Key Industry Players in the Global Maleic Anhydride Market

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.

  • Huntsman International LLC
  • Shandong Hongxin Chemical Co. Ltd
  • Helm AG
  • Mitsubishi Chemical Corporation
  • Ningbo Jiangning Chemical Co. Ltd
  • Others

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.

Key Highlights of the Report

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:

  • Product Type
  • End Use Industry 
  • Region
Breakup by Product Type
  • Unsaturated Polyester Resin
  • BDO (Butanediol)
  • Lubricant Additives
  • Maleic Anhydride Copolymers
  • Malic Acid
  • Furmaric Acid
  • Alkyl Succinic Anhydrides
  • Surfactants and Plasticisers
  • Others
Breakup by End Use Industry
  • Construction
  • Automobile
  • Food and Beverage
  • Oil Products
  • Electronics
  • Personal Care
  • Pharmaceuticals
  • Agriculture
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Huntsman International LLC
  • Shandong Hongxin Chemical Co. Ltd
  • Helm AG
  • Mitsubishi Chemical Corporation
  • Ningbo Jiangning Chemical Co. Ltd
  • Others
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*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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Key Questions Answered in the Report

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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+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

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