Summary

The global maleic anhydride market size reached USD 3.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.2 Billion by 2033, exhibiting a growth rate (CAGR) of 4.10% during 2025-2033. There are various factors that are driving the market, which include the rising adoption of vehicles due to their enhanced convenience, increasing production of agrochemicals such as herbicides and pesticides, and the thriving construction sector.

Maleic anhydride (C4H2O3) is a highly reactive, colorless, and crystalline organic compound available in flake, briquette, pellet, and lump variants. It is produced by the oxidation of benzene or n-butane in the presence of vanadium oxide catalysts. Maleic anhydride is widely used in resins, coating, pharmaceuticals, surfactants, agricultural products, and plastics. It is also used in water treatment chemicals, paper sizing, artificial sweeteners, flavor enhancers, cosmetics, and lubricants. Maleic acid is a biodegradable compound with a pungent odor and excellent solubility in water and methanol. It improves mechanical strength, controls pH, enhances texture, and exhibits corrosion-resistant properties. As a result, maleic anhydride finds extensive applications across the construction, automotive, food and beverage (F&B), electronics, cosmetics, personal care, and pharmaceutical industry.

Maleic Anhydride Market Trends:
The rising product utilization in the construction industry is one of the primary factors creating a positive outlook for the market. Maleic anhydride is widely used to produce unsaturated polyester resin (UPR) that finds application in the manufacturing of tiles, building panels, reinforcements, household structure composites, countertops, tubs, and sinks due to its low price and fast curing time. In addition to this, the widespread product utilization as a protective coating for building sites and as a plasticizer in concrete to improve viscosity and pot life is acting as another growth-inducing factor. Furthermore, rising product adoption in the automotive industry to manufacture various composites, such as fenders, body panels, heat shields, grille opening reinforcement (GOR), pick-up boxes, and headlamp reflectors, is providing an impetus to the market growth. Along with this, increasing application of maleic anhydride to produce lubricant additives, such as pour point depressants, viscosity index improvers, and dispersants, is propelling the market growth. Additionally, the recent development of a new method to synthesize maleic anhydride using plate vanadium phosphorous oxide (VPO) catalyst and renewable feedstock chemicals, such as furfural, which provides better yield, improves selectivity, and minimizes adverse environmental impact is positively influencing the market growth. Moreover, the widespread product demand in the F&B industry as an artificial sweetener, flavor enhancer, and preservative and to produce various food additives, such as fumaric acid, succinic acid, and malic acid, is favoring the market growth. Other factors, including escalating product demand in the pharmaceutical industry, rising product utilization in manufacturing cosmetics, and increasing product demand for producing insecticides and fungicides, are anticipated to the drive market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global maleic anhydride market, along with forecasts at the global, regional, and country level from 2025-2033. Our report has categorized the market based on raw material, application, and end use industry.

Raw Material Insights:

n-butane
Benzene

The report has also provided a detailed breakup and analysis of the maleic anhydride market based on the raw material. This includes n-butane and benzene. According to the report, n-butane represented the largest segment.

Application Insights:

Unsaturated Polyester Resin (UPR)
1-4, Butanediol (BDO)
Additives
Copolymers
Others

A detailed breakup and analysis of the maleic anhydride market based on the application has been provided in the report. This includes unsaturated polyester resin (UPR), 1-4, butanediol (BDO), additives, copolymers, and others. According to the report, unsaturated polyester resin (UPR) accounted for the largest market share.

End Use Industry Insights:

Construction
Automobile
Food and Beverage
Oil Products
Electronics
Personal Care
Pharmaceuticals
Others

A detailed breakup and analysis of the maleic anhydride market based on the end use industry has been provided in the report. This includes construction, automobile, food and beverage, oil products, electronics, personal care, pharmaceuticals, and others. According to the report, construction accounted for the largest market share.

Regional Insights:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for maleic anhydride. Some of the factors driving the Asia Pacific maleic anhydride market include rapid industrialization, increasing automotive production, rising demand from end user industries, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global maleic anhydride market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Helm AG, Huntsman Corporation, INEOS Group Limited, Lanxess AG, Merck KGaA, Mitsubishi Chemical Corporation, MOL Group, Nan Ya Plastics Corporation, Ningbo Jiangning Chemical Co. Ltd., Nippon Shokubai Co. Ltd., Polynt S.p.A, Thirumalai Chemicals Limited, Tianjin Bohai Chemical Industry Group Supply and Sales Co. Ltd., Zibo Qixiang Tengda Chemical Co. Ltd., etc.

Key Questions Answered in This Report:
How has the global maleic anhydride market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global market?
What is the impact of each driver, restraint, and opportunity on the global market?
What are the key regional markets?
Which countries represent the most attractive market?
What is the breakup of the market based on the raw material?
Which is the most attractive raw material in the market?
What is the breakup of the market based on the application?
Which is the most attractive application in the market?
What is the breakup of the market based on the end use industry?
Which is the most attractive end use industry in the market?
What is the competitive structure of the market?
Who are the key players/companies in the global maleic anhydride market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Maleic Anhydride Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Raw Material
6.1 n-butane
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Benzene
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Unsaturated Polyester Resin (UPR)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 1-4, Butanediol (BDO)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Additives
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Copolymers
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Construction
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automobile
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Food and Beverage
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Oil Products
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Electronics
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Personal Care
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Pharmaceuticals
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Helm AG
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Huntsman Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 INEOS Group Limited
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Lanxess AG
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Merck KGaA
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Mitsubishi Chemical Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 MOL Group
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Nan Ya Plastics Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Ningbo Jiangning Chemical Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Nippon Shokubai Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Polynt S.p.A
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 SWOT Analysis
14.3.12 Thirumalai Chemicals Limited
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Tianjin Bohai Chemical Industry Group Supply and Sales Co. Ltd.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.14 Zibo Qixiang Tengda Chemical Co. Ltd.
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

List of Figures

​Figure 1: Global: Maleic Anhydride Market: Major Drivers and Challenges
Figure 2: Global: Maleic Anhydride Market: Sales Value (in Billion USD), 2019-2024
Figure 3: Global: Maleic Anhydride Market Forecast: Sales Value (in Billion USD), 2025-2033
Figure 4: Global: Maleic Anhydride Market: Breakup by Raw Material (in %), 2024
Figure 5: Global: Maleic Anhydride Market: Breakup by Application (in %), 2024
Figure 6: Global: Maleic Anhydride Market: Breakup by End Use Industry (in %), 2024
Figure 7: Global: Maleic Anhydride Market: Breakup by Region (in %), 2024
Figure 8: Global: Maleic Anhydride (n-butane) Market: Sales Value (in Million USD), 2019 & 2024
Figure 9: Global: Maleic Anhydride (n-butane) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 10: Global: Maleic Anhydride (Benzene) Market: Sales Value (in Million USD), 2019 & 2024
Figure 11: Global: Maleic Anhydride (Benzene) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 12: Global: Maleic Anhydride (Unsaturated Polyester Resin (UPR)) Market: Sales Value (in Million USD), 2019 & 2024
Figure 13: Global: Maleic Anhydride (Unsaturated Polyester Resin (UPR)) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 14: Global: Maleic Anhydride (1-4, Butanediol (BDO)) Market: Sales Value (in Million USD), 2019 & 2024
Figure 15: Global: Maleic Anhydride (1-4, Butanediol (BDO)) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 16: Global: Maleic Anhydride (Additives) Market: Sales Value (in Million USD), 2019 & 2024
Figure 17: Global: Maleic Anhydride (Additives) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 18: Global: Maleic Anhydride (Copolymers) Market: Sales Value (in Million USD), 2019 & 2024
Figure 19: Global: Maleic Anhydride (Copolymers) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 20: Global: Maleic Anhydride (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
Figure 21: Global: Maleic Anhydride (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 22: Global: Maleic Anhydride (Construction) Market: Sales Value (in Million USD), 2019 & 2024
Figure 23: Global: Maleic Anhydride (Construction) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 24: Global: Maleic Anhydride (Automobile) Market: Sales Value (in Million USD), 2019 & 2024
Figure 25: Global: Maleic Anhydride (Automobile) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 26: Global: Maleic Anhydride (Food and Beverage) Market: Sales Value (in Million USD), 2019 & 2024
Figure 27: Global: Maleic Anhydride (Food and Beverage) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 28: Global: Maleic Anhydride (Oil Products) Market: Sales Value (in Million USD), 2019 & 2024
Figure 29: Global: Maleic Anhydride (Oil Products) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 30: Global: Maleic Anhydride (Electronics) Market: Sales Value (in Million USD), 2019 & 2024
Figure 31: Global: Maleic Anhydride (Electronics) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 32: Global: Maleic Anhydride (Personal Care) Market: Sales Value (in Million USD), 2019 & 2024
Figure 33: Global: Maleic Anhydride (Personal Care) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 34: Global: Maleic Anhydride (Pharmaceuticals) Market: Sales Value (in Million USD), 2019 & 2024
Figure 35: Global: Maleic Anhydride (Pharmaceuticals) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 36: Global: Maleic Anhydride (Other End Use Industries) Market: Sales Value (in Million USD), 2019 & 2024
Figure 37: Global: Maleic Anhydride (Other End Use Industries) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 38: North America: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 39: North America: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 40: United States: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 41: United States: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 42: Canada: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 43: Canada: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 44: Asia-Pacific: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 45: Asia-Pacific: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 46: China: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 47: China: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 48: Japan: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 49: Japan: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 50: India: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 51: India: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 52: South Korea: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 53: South Korea: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 54: Australia: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 55: Australia: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 56: Indonesia: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 57: Indonesia: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 58: Others: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 59: Others: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 60: Europe: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 61: Europe: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 62: Germany: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 63: Germany: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 64: France: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 65: France: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 66: United Kingdom: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 67: United Kingdom: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 68: Italy: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 69: Italy: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 70: Spain: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 71: Spain: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 72: Russia: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 73: Russia: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 74: Others: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 75: Others: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 76: Latin America: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 77: Latin America: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 78: Brazil: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 79: Brazil: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 80: Mexico: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 81: Mexico: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 82: Others: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 83: Others: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 84: Middle East and Africa: Maleic Anhydride Market: Sales Value (in Million USD), 2019 & 2024
Figure 85: Middle East and Africa: Maleic Anhydride Market: Breakup by Country (in %), 2024
Figure 86: Middle East and Africa: Maleic Anhydride Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 87: Global: Maleic Anhydride Industry: Drivers, Restraints, and Opportunities
Figure 88: Global: Maleic Anhydride Industry: Value Chain Analysis
Figure 89: Global: Maleic Anhydride Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Maleic Anhydride Market: Key Industry Highlights, 2024 and 2033
Table 2: Global: Maleic Anhydride Market Forecast: Breakup by Raw Material (in Million USD), 2025-2033
Table 3: Global: Maleic Anhydride Market Forecast: Breakup by Application (in Million USD), 2025-2033
Table 4: Global: Maleic Anhydride Market Forecast: Breakup by End Use Industry (in Million USD), 2025-2033
Table 5: Global: Maleic Anhydride Market Forecast: Breakup by Region (in Million USD), 2025-2033
Table 6: Global: Maleic Anhydride Market: Competitive Structure
Table 7: Global: Maleic Anhydride Market: Key Players