Product Code: CH 4070
The maleic anhydride market size was USD 1.84 billion in 2025 and is projected to reach USD 3.79 billion by 2035, at a CAGR of 7.62% between 2026 and 2035.
| Scope of the Report |
| Years Considered for the Study | 2023-2035 |
| Base Year | 2025 |
| Forecast Period | 2026-2035 |
| Units Considered | Value (USD Million) and Volume (Kiloton) |
| Segments | Raw Material, Application, and Region |
| Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, and South America |
"The rising demand for unsaturated polyester resins (UPR) is driving the maleic anhydride market growth."
The market of maleic anhydride is largely influenced by the rising demand for unsaturated polyester resins, as maleic anhydride serves as a building block. High reactivity and compatibility of maleic anhydride make it crucial for the production of corrosion-resistant and durable resin systems. As producers seek for performance effective and economically efficient intermediates, the demand for maleic anhydride continues to see stable growth through its critical role in UPR production.
"In 2025, the n-butane segment accounted for the largest share in the maleic anhydride market."
The cost-effective and widely available feedstock, particularly in regions with strong natural gas production,, supports the dominance of n-butane in the overall maleic anhydride market. The catalytic oxidation of n-butane is more selective and cost-effective than the catalytic oxidation of benzene, which makes it the more favorable method for industrial production. In addition, environmental concerns also promote the use of n-butane due to its relatively cleaner processing profile, reinforcing its position in the maleic anhydride market.
"Lubricating oil additives segment was the third-largest application of maleic anhydride in 2025."
The lubricating oil additives application accounted for the third largest share of the maleic anhydride market in 2025, in terms of value. This is due to its critical role in producing dispersants and detergents that increase the efficiency and durability of engines. Maleic anhydride-based additives play a significant role in preventing sludge build-up and increasing oxidation stability. This makes them crucial for aligning strict standards concerning emissions and performance in automotive and industrial lubricants. In addition, growing demand from the automotive industry, especially in developing economies, supported stable consumption rates, although the segment remained behind other applications like unsaturated polyester resins and 1,4-butanediol.
"North America accounted for the third-largest share in the global maleic anhydride market, in terms of value, in 2025."
North America accounted for the third-largest share of the maleic anhydride market in 2025. The market in the region is driven by the stable consumption in end-use sectors such as construction, automotive, and chemical. The region's developed infrastructure industry drives the demand for unsaturated polyester resins (UPR). In addition, automotive manufacturing boosts the consumption of maleic anhydride for lightweight composite materials. The existence of leading chemical manufacturers, along with the easy accessibility of raw materials such as butane, also ensures stable production, although growth is relatively slower compared to other rapidly industrializing regions like Asia Pacific.
Breakdown of Primary Interviews:
- By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
- By Designation: Directors - 50%, Managers - 30%, and Others - 20%
- By Region: North America - 40%, Europe - 35%, Asia Pacific - 20%, RoW- 5%
The key players profiled in the report include Wanhua Chemical Group Co., Ltd. (China), Huntsman International LLC (US), Changzhou Yabang Chemical Co., Ltd. (China), Taiyuan Qiaoyou Chemical Co., Ltd. (China), PETRONAS Chemicals Group Berhad (PCG) (Malaysia), Zibo Qixiang Tengda Chemical Co., Ltd. (China), Gulf Advanced Chemical Industries Co., Ltd. (GACIC) (Saudi Arabia), Zhejiang Jiangshan Chemical Co., Ltd. (China), Lanxess AG (Germany), and Polynt Group (Italy).
Study Coverage
This report segments the market for maleic anhydride based on raw material, application, and region, and provides estimations of value (in USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies associated with the maleic anhydride market.
Reasons to Buy this Report
This research report is focused on various levels of analysis-industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the maleic anhydride market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights into the following points:
- Market Penetration: Comprehensive information on maleic anhydride offered by top players in the global market
- Analysis of key drivers: (Strong demand from unsaturated polyester resins to drive market growth, Rising use in lubricant additives to fuel market expansion, and Expansion of coatings and specialty chemicals to propel demand) restraints (Raw material price fluctuations limiting cost stability and Regulatory pressure and environmental concerns restricting market growth) opportunities (Shift towards bio-based production creating new growth potential and Growing use of advanced and functional materials) and challenges (Market sensitivity to cyclical industrial demand patterns and Geopolitical instability disrupting supply chain continuity) influencing the growth of maleic anhydride market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the maleic anhydride market
- Market Development: Comprehensive information about lucrative emerging markets-the report analyzes the market for maleic anhydride across regions.
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global maleic anhydride market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the maleic anhydride market
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
- 1.3.2 INCLUSIONS AND EXCLUSIONS OF STUDY
- 1.3.3 MARKET DEFINITION AND INCLUSIONS, BY RAW MATERIAL
- 1.3.4 MARKET DEFINITION AND INCLUSIONS, BY APPLICATION
- 1.3.5 YEARS CONSIDERED
- 1.3.6 CURRENCY CONSIDERED
- 1.3.7 UNIT CONSIDERED
- 1.4 STAKEHOLDERS
2 EXECUTIVE SUMMARY
- 2.1 MARKET HIGHLIGHTS AND KEY INSIGHTS
- 2.2 KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS
- 2.3 DISRUPTIVE TRENDS IN MALEIC ANHYDRIDE MARKET
- 2.4 HIGH-GROWTH SEGMENTS
- 2.5 REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST
3 PREMIUM INSIGHTS
- 3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MALEIC ANHYDRIDE MARKET
- 3.2 MALEIC ANHYDRIDE MARKET, BY APPLICATION AND REGION
- 3.3 MALEIC ANHYDRIDE MARKET, BY RAW MATERIAL
- 3.4 MALEIC ANHYDRIDE MARKET, BY COUNTRY
4 MARKET OVERVIEW
- 4.1 INTRODUCTION
- 4.2 MARKET DYNAMICS
- 4.2.1 DRIVERS
- 4.2.1.1 Strong demand from unsaturated polyester resins
- 4.2.1.2 Rising use in lubricant additives
- 4.2.1.3 Growth in coatings and specialty chemicals applications
- 4.2.2 RESTRAINTS
- 4.2.2.1 Raw material price fluctuations
- 4.2.2.2 Regulatory pressure and environmental concerns
- 4.2.3 OPPORTUNITIES
- 4.2.3.1 Shift towards bio-based production
- 4.2.3.2 Growing use of advanced and functional materials
- 4.2.4 CHALLENGES
- 4.2.4.1 Market sensitivity to cyclical industrial demand patterns
- 4.2.4.2 Geopolitical instability disrupting supply chain continuity
- 4.3 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
- 4.3.1 INTERCONNECTED MARKETS
- 4.3.2 CROSS-SECTOR OPPORTUNITIES
- 4.4 STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
- 4.4.1 KEY MOVES AND STRATEGIC FOCUS
5 INDUSTRY TRENDS
- 5.1 PORTER'S FIVE FORCES ANALYSIS
- 5.1.1 THREAT OF NEW ENTRANTS
- 5.1.2 THREAT OF SUBSTITUTES
- 5.1.3 BARGAINING POWER OF SUPPLIERS
- 5.1.4 BARGAINING POWER OF BUYERS
- 5.1.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.2 MACROECONOMIC OUTLOOK
- 5.2.1 INTRODUCTION
- 5.2.2 GDP TRENDS AND FORECAST
- 5.2.3 TRENDS IN CONSTRUCTION AND INFRASTRUCTURE INDUSTRY
- 5.3 SUPPLY CHAIN ANALYSIS
- 5.4 ECOSYSTEM ANALYSIS
- 5.5 PRICING ANALYSIS
- 5.5.1 AVERAGE SELLING PRICE OF KEY PLAYERS, BY APPLICATION
- 5.5.2 AVERAGE SELLING PRICE TREND OF MALEIC ANHYDRIDE, BY REGION
- 5.6 TRADE ANALYSIS
- 5.6.1 IMPORT SCENARIO (HS CODE 291714)
- 5.6.2 EXPORT SCENARIO (HS CODE 291714)
- 5.7 KEY CONFERENCES & EVENTS
- 5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 5.8.1 REVENUE SHIFTS & REVENUE POCKETS FOR MALEIC ANHYDRIDE MARKET
- 5.9 INVESTMENT AND FUNDING SCENARIO
- 5.10 CASE STUDY ANALYSIS
- 5.10.1 IMPROVING RESIN PERFORMANCE FOR CONSTRUCTION APPLICATIONS
- 5.10.2 IMPROVING AUTOMOTIVE COMPONENT PERFORMANCE WITH RELIABLE MALEIC ANHYDRIDE SUPPLY
- 5.11 IMPACT OF 2025 US TARIFF - OVERVIEW
- 5.11.1 INTRODUCTION
- 5.11.2 KEY TARIFF RATES
- 5.11.3 PRICE IMPACT ANALYSIS
- 5.11.4 IMPACT ON COUNTRIES/REGIONS
- 5.11.4.1 US
- 5.11.4.2 Europe
- 5.11.4.3 Asia Pacific
- 5.11.5 IMPACT ON APPLICATIONS
6 TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS
- 6.1 KEY EMERGING TECHNOLOGIES
- 6.1.1 OXIDATION PROCESS TECHNOLOGY
- 6.1.2 CATALYST DESIGN AND OPTIMIZATION TECHNOLOGY
- 6.2 COMPLEMENTARY TECHNOLOGIES
- 6.2.1 FEEDSTOCK CONDITIONING AND PURIFICATION TECHNOLOGY
- 6.2.2 ENERGY RECOVERY AND THERMAL INTEGRATION SYSTEMS
- 6.3 TECHNOLOGY/PRODUCT ROADMAP
- 6.3.1 SHORT-TERM (2026-2027) | PROCESS EFFICIENCY & APPLICATION ALIGNMENT
- 6.3.2 MID-TERM (2027-2030) | VALUE-ADDED DERIVATIVES & FORMULATION STANDARDIZATION
- 6.3.3 LONG-TERM (2030-2035+) | ADVANCED DERIVATIVES & SUSTAINABLE INTEGRATION
- 6.4 PATENT ANALYSIS
- 6.4.1 APPROACH
- 6.4.2 DOCUMENT TYPE
- 6.4.3 TOP APPLICANTS
- 6.4.4 JURISDICTION ANALYSIS
- 6.5 IMPACT OF AI/GEN AI ON MALEIC ANHYDRIDE MARKET
- 6.5.1 TOP USE CASES AND MARKET POTENTIAL
- 6.5.2 BEST PRACTICES IN MALEIC ANHYDRIDE PROCESSING
- 6.5.3 CASE STUDIES OF AI IMPLEMENTATION IN MALEIC ANHYDRIDE MARKET
- 6.5.4 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
- 6.5.5 CLIENTS' READINESS TO ADOPT GENERATIVE AI IN MALEIC ANHYDRIDE MARKET
7 REGULATORY LANDSCAPE AND SUSTAINABILITY INITIATIVES
- 7.1 REGIONAL REGULATIONS AND COMPLIANCE
- 7.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 7.1.2 INDUSTRY STANDARDS
- 7.2 SUSTAINABILITY INITIATIVES
- 7.2.1 EMISSION REDUCTION IN PRODUCTION
- 7.2.2 SUSTAINABLE APPLICATION ENABLEMENT
- 7.3 SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES
- 7.4 CERTIFICATIONS, LABELING, AND ECO-STANDARDS
8 CUSTOMER LANDSCAPE & BUYER BEHAVIOR
- 8.1 DECISION-MAKING PROCESS
- 8.2 BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
- 8.2.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 8.2.2 BUYING CRITERIA
- 8.3 ADOPTION BARRIERS & INTERNAL CHALLENGES
- 8.4 UNMET NEEDS IN VARIOUS APPLICATIONS
9 MALEIC ANHYDRIDE MARKET, BY RAW MATERIAL
- 9.1 INTRODUCTION
- 9.2 N-BUTANE
- 9.2.1 STABLE FEEDSTOCK AVAILABILITY TO DRIVE MARKET
- 9.3 BENZENE
- 9.3.1 ESTABLISHED PROCESSING INFRASTRUCTURE TO SUPPORT MARKET DEMAND
10 MALEIC ANHYDRIDE MARKET, BY APPLICATION
- 10.1 INTRODUCTION
- 10.2 UPR
- 10.2.1 INCREASING DEMAND FOR FIBER-REINFORCED COMPOSITES TO DRIVE MARKET GROWTH
- 10.3 1,4-BDO
- 10.3.1 GROWING DEMAND FOR ENGINEERING PLASTICS INCREASING ADOPTION
- 10.4 LUBRICATING OIL ADDITIVES
- 10.4.1 RISING REQUIREMENT FOR DEPOSIT CONTROL IN ENGINE OILS TO SUPPORT MARKET GROWTH
- 10.5 COPOLYMERS
- 10.5.1 INCREASING USE IN FUNCTIONAL POLYMER MODIFICATION TO DRIVE MARKET GROWTH
- 10.6 OTHER APPLICATIONS
11 MALEIC ANHYDRIDE MARKET, BY REGION
- 11.1 INTRODUCTION
- 11.2 ASIA PACIFIC
- 11.2.1 CHINA
- 11.2.1.1 Growing industrial activities to drive market
- 11.2.2 INDIA
- 11.2.2.1 Rapid industrialization to drive demand
- 11.2.3 JAPAN
- 11.2.3.1 Emphasis on long-life performance materials to drive demand
- 11.2.4 TAIWAN
- 11.2.4.1 High-purity intermediate requirements in specialty chemicals to drive demand
- 11.2.5 SINGAPORE
- 11.2.5.1 Growth in high-value chemical customization capabilities to drive demand
- 11.3 NORTH AMERICA
- 11.3.1 US
- 11.3.1.1 Strong industrial infrastructure to fuel market growth
- 11.3.2 CANADA
- 11.3.2.1 Focus on advanced research and development to drive demand
- 11.3.3 MEXICO
- 11.3.3.1 Expansion of unsaturated polyester resin demand in construction to drive demand
- 11.4 EUROPE
- 11.4.1 GERMANY
- 11.4.1.1 Increasing use of thermal-resistant materials in electric vehicles to propel growth
- 11.4.2 FRANCE
- 11.4.2.1 Consistency requirements in chemical processing operations to drive market
- 11.4.3 UK
- 11.4.3.1 Increasing use of functional ingredients in personal care products to drive demand
- 11.4.4 ITALY
- 11.4.4.1 Increasing use of durable construction panels and roofing materials to drive demand
- 11.4.5 AUSTRIA
- 11.4.5.1 Growth in general industrial manufacturing activities to drive demand
- 11.5 MIDDLE EAST & AFRICA
- 11.5.1 SAUDI ARABIA
- 11.5.1.1 Growth in downstream petrochemical integration to drive demand
- 11.5.2 TURKEY
- 11.5.2.1 Presence of regional chemical conversion hub to fuel demand
- 11.5.3 UAE
- 11.5.3.1 Expansion of specialty chemical blending and re-export activities to drive market
- 11.6 SOUTH AMERICA
- 11.6.1 BRAZIL
- 11.6.1.1 Economic momentum driving adoption across sectors
12 COMPETITIVE LANDSCAPE
- 12.1 INTRODUCTION
- 12.2 KEY PLAYERS' STRATEGIES/RIGHT TO WIN, JANUARY 2021-MARCH 2026
- 12.2.1 STRATEGIES ADOPTED BY KEY MALEIC ANHYDRIDE MANUFACTURERS, JANUARY 2021-MARCH 2026
- 12.3 MARKET SHARE ANALYSIS, 2025
- 12.4 REVENUE ANALYSIS
- 12.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2025
- 12.5.1 STARS
- 12.5.2 EMERGING LEADERS
- 12.5.3 PERVASIVE PLAYERS
- 12.5.4 PARTICIPANTS
- 12.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2025
- 12.5.5.1 Company footprint
- 12.5.5.2 Region footprint
- 12.5.5.3 Raw material footprint
- 12.5.5.4 Application footprint
- 12.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2025
- 12.6.1 PROGRESSIVE COMPANIES
- 12.6.2 RESPONSIVE COMPANIES
- 12.6.3 DYNAMIC COMPANIES
- 12.6.4 STARTING BLOCKS
- 12.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2025
- 12.6.5.1 Detailed list of key startups/SMES
- 12.6.5.2 Competitive benchmarking of key startups/SMEs
- 12.7 BRAND/PRODUCT COMPARISON
- 12.8 COMPANY VALUATION AND FINANCIAL METRICS
- 12.9 COMPETITIVE SCENARIO
- 12.9.1 DEALS
- 12.9.2 EXPANSIONS
- 12.9.3 OTHER DEVELOPMENTS
13 COMPANY PROFILES
- 13.1 KEY PLAYERS
- 13.1.1 WANHUA CHEMICAL GROUP CO., LTD.
- 13.1.1.1 Business overview
- 13.1.1.2 Products/Solutions/Services offered
- 13.1.1.3 Recent developments
- 13.1.1.3.1 Other developments
- 13.1.1.4 MnM view
- 13.1.1.4.1 Key strengths
- 13.1.1.4.2 Strategic choices
- 13.1.1.4.3 Weaknesses and competitive threats
- 13.1.2 HUNTSMAN INTERNATIONAL LLC
- 13.1.2.1 Business overview
- 13.1.2.2 Products/Solutions/Services offered
- 13.1.2.3 Recent developments
- 13.1.2.3.1 Other developments
- 13.1.2.4 MnM view
- 13.1.2.4.1 Key strengths
- 13.1.2.4.2 Strategic choices
- 13.1.2.4.3 Weaknesses and competitive threats
- 13.1.3 CHANGZHOU YABANG CHEMICAL CO., LTD.
- 13.1.3.1 Business overview
- 13.1.3.2 Products /Solutions/Services offered
- 13.1.3.3 MnM view
- 13.1.3.3.1 Key strengths
- 13.1.3.3.2 Strategic choices
- 13.1.3.3.3 Weaknesses and competitive threats
- 13.1.4 TAIYUAN QIAOYOU CHEMICAL CO., LTD.
- 13.1.4.1 Business overview
- 13.1.4.2 Products/Services/Solutions offered
- 13.1.4.3 MnM view
- 13.1.4.3.1 Key strengths
- 13.1.4.3.2 Strategic choices
- 13.1.4.3.3 Weaknesses and competitive threats
- 13.1.5 PETRONAS CHEMICALS GROUP BERHAD (PCG)
- 13.1.5.1 Business overview
- 13.1.5.2 Products/Services/Solutions offered
- 13.1.5.3 Recent developments
- 13.1.5.4 MnM view
- 13.1.5.4.1 Key strengths
- 13.1.5.4.2 Strategic choices
- 13.1.5.4.3 Weaknesses and competitive threats
- 13.1.6 ZIBO QIXIANG TENGDA CHEMICAL CO., LTD.
- 13.1.6.1 Business overview
- 13.1.6.2 Products/Solutions/Services offered
- 13.1.6.3 Recent developments
- 13.1.7 GULF ADVANCED CHEMICAL INDUSTRIES CO., LTD. (GACIC)
- 13.1.7.1 Business overview
- 13.1.7.2 Products/Solutions/Services offered
- 13.1.8 ZHEJIANG JIANGSHAN CHEMICAL CO., LTD.
- 13.1.8.1 Business overview
- 13.1.8.2 Products/Solutions/Services offered
- 13.1.9 LANXESS AG
- 13.1.9.1 Business overview
- 13.1.9.2 Products/Solutions/Services offered
- 13.1.10 POLYNT GROUP
- 13.1.10.1 Business overview
- 13.1.10.2 Products/Solutions/Services offered
- 13.1.10.3 Recent developments
- 13.2 STARTUP/SMES
- 13.2.1 SHANDONG HONGXIN CHEMICAL CO., LTD.
- 13.2.2 TN MALEIK PETROKIMYA A.S.
- 13.2.3 SHANXI TAIMING CHEMICAL INDUSTRY CO., LTD.
- 13.2.4 HUANGHUA HONGCHENG BUSINESS CORP., LTD.
- 13.2.5 UPC TECHNOLOGY CORPORATION
- 13.2.6 I G PETROCHEMICALS LIMITED
- 13.2.7 PT JUSTUS KIMIARAYA
- 13.2.8 AEKYUNG CHEMICAL
- 13.2.9 RUSE CHEMICALS
- 13.2.10 CHINA BLUESTAR HARBIN PETROCHEMICAL CO., LTD.
- 13.2.11 NIPPON SHOKUBAI CO., LTD.
- 13.2.12 NINGBO JIANGNING CHEMICAL CO., LTD.
- 13.2.13 SHANDONG AOJIN CHEMICAL TECHNOLOGY CO., LTD.
- 13.2.14 OPTIMISTIC ORGANIC SDN. BHD.
- 13.2.15 HENGLI GROUP CO., LTD.
14 RESEARCH METHODOLOGY
- 14.1 RESEARCH DATA
- 14.1.1 SECONDARY DATA
- 14.1.1.1 Key data from secondary sources
- 14.1.2 PRIMARY DATA
- 14.1.2.1 Key data from primary sources
- 14.1.2.2 Primary interview - demand side and supply side
- 14.1.2.3 Breakdown of primary interviews
- 14.1.2.4 Key industry insights
- 14.2 MARKET SIZE ESTIMATION
- 14.2.1 BOTTOM-UP APPROACH
- 14.2.2 TOP-DOWN APPROACH
- 14.3 GROWTH FORECAST
- 14.3.1 SUPPLY SIDE
- 14.3.2 DEMAND SIDE
- 14.4 DATA TRIANGULATION
- 14.5 FACTOR ANALYSIS
- 14.6 RESEARCH ASSUMPTIONS
- 14.7 RESEARCH LIMITATIONS
- 14.8 RISK ASSESSMENT
15 APPENDIX
- 15.1 DISCUSSION GUIDE
- 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 15.3 CUSTOMIZATION OPTIONS
- 15.4 RELATED REPORTS
- 15.5 AUTHOR DETAILS