무수말레인산 시장 : 원재료, 용도, 최종 이용 산업 및 지역별(2026-2034년)

The global maleic anhydride market size reached USD 3.7 Billion in 2025. Looking forward, IMARC Group expects the market to reach USD 5.3 Billion by 2034, exhibiting a growth rate (CAGR) of 3.93 % during 2026-2034. 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 MARKET ANALYSIS:

• Major Market Drivers: The global market is experiencing moderate growth, driven by the rising demand for durable materials and the increasing focus on the production of copolymers and additives that are utilized in various industries, including packaging and plastics.
• Key Market Trends: The rising adoption of vehicles and the increasing production of agrochemicals are main trends in the market.
• Geographical Trends: Asia Pacific exhibits a clear dominance, accounting for the biggest market share owing to rapid industrialization and urbanization.
• Competitive Landscape: Major market players in the maleic anhydride industry are 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., among many others.
• Challenges and Opportunities: Volatility in raw material prices represent a key market challenge. Nonetheless, the increasing focus on sustainable manufacturing practices, coupled with the rising demand for specialty chemicals for various applications, is projected to overcome these challenges and provide market opportunities.

MALEIC ANHYDRIDE MARKET TRENDS:

Rising Adoption of Vehicles

Automotive adhesives and coatings are made with maleic anhydride. These coatings are vital for the durability, corrosion resistance, and aesthetics of vehicles, and adhesives are necessary for the accurate assembly of different vehicle parts. The growing vehicle production, along with the need for advanced coatings and adhesives to enhance vehicle performance, is catalyzing the demand for maleic anhydride. Furthermore, maleic anhydride is a raw material used to make a number of additives for lubricants used in automobiles. The growing need for premium lubricants that guarantee the best engine performance and longevity is offering a favorable maleic anhydride market outlook. Apart from this, the global adoption of electric vehicles (EVs) is creating new opportunities for maleic anhydride. EVs require lightweight materials and advanced composites to improve energy efficiency and extend battery life. Maleic anhydride-based products, such as high-performance resins and coatings, are used in EV manufacturing, thereby contributing to the market growth. As per the International Energy Agency (IEA) EV sales are expected to reach around 17 million worldwide in 2024.

Increasing Production of Agrochemicals

The IMARC Group study report states that the global agrochemicals market reached US$ 288.2 Billion in 2023. Maleic anhydride is an essential component used in the production of some pesticides and herbicides. By shielding crops from weeds, pests, and diseases, agrochemical like maleic anhydride help to increase agricultural production. As global agriculture faces challenges like population growth and the need for higher crop yields, the demand for effective agrochemicals is increasing. Furthermore, maleic anhydride is suitable for the production of plant growth regulators, which are chemicals that influence plant growth and development. These regulators are essential for managing plant growth and enhancing crop quality. The market is expanding as a result of the increasing focus on agricultural output to ensure food security.

Thriving Construction Sector

Maleic anhydride is suitable to produce sealants, adhesives, and coatings for construction applications. These products are vital for waterproofing, insulating, and protecting buildings and structures from environmental factors. The escalating demand for high-performance sealants and coatings due to the rising number of residential and commercial spaces across the globe is showing a major maleic anhydride market trend. Maleic anhydride is used to make low-volatile organic compound (VOC) and bio-based paints and resins that meet green construction requirements. In addition, leading companies in the industry are increasing their product lines through partnerships and mergers and acquisitions (M&As). For instance, on 13 June 2023, PETRONAS Chemicals Group Berhad (PCG) finally decided to buy BASF PETRONAS Chemicals Sdn. Bhd. (BPC) completely for the 113 kilo-tons per annum (KTPA) maleic anhydride plant in Gebeng, Kuantan. To improve PCG's derivatives product offerings, the plant will broaden the company's product line and its derivatives.

MARKET OPPORTUNITY IN THE MALEIC ANHYDRIDE MARKET:

Rising Demand in Automative, Construction and Electronic Sectors

The maleic anhydride market offers tremendous growth prospects with increasing demand from the automotive, construction, and electronics industries. Growing application of unsaturated polyester resins (UPRs) in lightweight automotive parts, corrosion-resistant construction materials, and marine usage is driving consumption. The shift towards green and bio-based chemical production creates opportunities for renewable maleic anhydride produced from biomass, which gains both regulatory and consumer favour. Asia Pacific and Latin American rapid industrialization offers scope for increasing capacity and local production base. Expansion of applications in agricultural chemicals, pharmaceuticals, and personal care products also diversifies the base. Advances in process technology and catalyst development also hold the promise of cost benefits and lower environmental burden. Strategic alliances, especially in emerging economies, can release hidden markets and increase competitive advantage. Such dynamics provide a good climate for long-term investment and innovation in the international maleic anhydride market.

MARKET CHALLENGES IN THE MALEIC ANHYDRIDE MARKET:

Volatility in Raw Material Prices

Raw material price volatility, particularly of butane and benzene, largely impacts production expense and profitability. Tightly controlled environmental regulations on emissions and chemical handling hazards in Europe and North America drive up compliance expenses and burdens on producers. Sustainable production process limitations also limit green options. Raw material supply chains and product distribution can be impacted by supply chain interruptions, especially caused by geopolitical instability or worldwide crises. In developing countries, underdeveloped infrastructure and dependency on imports undermine local market growth. In addition, the market is extremely competitive, with price elasticity and overcapacity threats, primarily in Asia Pacific. Technological hurdles and stringent capital investment needed for plant renovation or capacity increase can slow down industry growth. Resolution of these challenges demands innovation, diversification, and strategic alliances to ensure resilience and sustainable growth.

MALEIC ANHYDRIDE MARKET SEGMENTATION:

Breakup by Raw Material:

• n-butane
• Benzene

n-butane accounts for the majority of the market share

It is less expensive to produce maleic anhydride from n-butane than from benzene. Manufacturers are opting n-butane as a raw material because of its cost-effective nature. Maleic anhydride is usually produced in larger quantities through the n-butane method, which improves process efficiency and makes it more financially feasible. In addition, the production of maleic anhydride from n-butane is considered eco-friendly than using benzene. This is because production based on n-butane produces fewer hazardous emissions and byproducts, which is in line with international environmental rules and sustainability objectives.

Breakup by Application:

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

Unsaturated Polyester Resin (UPR) holds the largest share of the industry

Unsaturated polyester resin (UPR) is used in a variety of industries like automotive, maritime, and construction. UPR is renowned for its robustness, resilience to environmental influences, and corrosion resistance. It is mainly used in demanding applications like protective coatings and structural components because of these qualities. The building and automotive sectors' growing need for high-strength and lightweight materials are driving the market's expansion. As these sectors grow, so does the need for UPRs and, consequently, the maleic anhydride market size rises.

Breakup by End Use Industry:

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

Construction represents the leading market segment

The construction industry requires a variety of materials that incorporate maleic anhydride, particularly unsaturated polyester resins (UPR) and other composites. UPRs are used in manufacturing materials like fiberglass-reinforced plastics, which are critical for building and infrastructure projects. In addition, the rising number of residential and commercial spaces is supporting the market growth. The construction sector often uses maleic anhydride-based products to create lightweight, strong, and corrosion-resistant materials. These properties are essential for modern construction projects, contributing to the high demand for maleic anhydride.

Breakup by Region:

• 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

Asia Pacific leads the market, accounting for the largest maleic anhydride market share

The report has also provided a comprehensive analysis of all the major regional markets, which 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 represents the largest regional market for maleic anhydride.

According to the maleic anhydride market forecast, the Asia Pacific region-especially countries like China and India-is expected to witness significant growth driven by rapid industrialization and urbanization. In addition, the rising number of residential projects is impelling the market growth. Furthermore, the region is a hub for technological advancements and innovation in chemical manufacturing. This includes the development of new applications and formulations for maleic anhydride. Besides this, companies in the region are focusing on expanding their production capacity to generate enhanced revenues. For example, on 21 November 2023 , Clariant, a sustainability-focused specialty chemical company, announced that it has been awarded a major contract by Jiangsu Shenghong Petrochemical Co., Ltd, to use Clariant's SynDane 3142 LA catalyst for its new maleic anhydride production plant in Lianyungang, Jiangsu province, China. With a production capacity of 200,000 tons per year, the new is plant slated to start production in 2025 and will be one of the largest production plants for maleic anhydride worldwide.

KEY REGIONAL TAKEAWAYS:

UNITED STATES MALEIC ANHYDRIDE MARKET ANALYSIS

The US maleic anhydride market is experiencing consistent growth, led by increasing demand from the unsaturated polyester resin (UPR) and lubricant additive markets. The UPRs, common in automotive, marine, and construction sectors, are driving consumption due to the robust infrastructure and industrial activity in the region. Furthermore, increased demand for coatings and plasticizers produced using maleic anhydride is being driven by the growing automotive sector. Regulatory pressure on greener chemicals is compelling producers to implement cleaner production methods, further bolstering market dynamics. Major players are investing in local production facilities to cut import dependency and make supply chains more resilient. Market growth might be undermined by fluctuating raw material prices and green regulation. Technological innovation and expanding usage in agriculture and pharmaceuticals offer new growth prospects. With R&D expenditure and strategic partnerships, the U.S. market is projected to have a moderate growth trend over the forecast period.

EUROPE MALEIC ANHYDRIDE MARKET ANALYSIS

In Europe, the market for maleic anhydride is growing modestly, driven by the increasing demand for UPRs in the automotive and construction industries. Environmentally friendly building practices and the EU focus on green technologies are driving the use of clean resins, which will drive the consumption of maleic anhydride. Germany, France, and Italy are major drivers due to their robust industrial bases. Additionally, growing demand for bio-based chemicals is promoting alternative production methods. Nevertheless, EU emissions and chemical safety regulations are creating hurdles for producers. Disruptions to the supply chain and volatile prices of feedstocks such as butane could also affect profitability. Despite these restrictions, technological advancement and rising investment in renewable chemical processes should underpin long-term regional market growth.

ASIA PACIFIC MALEIC ANHYDRIDE MARKET ANALYSIS

The Asia Pacific maleic anhydride industry is witnessing substantial growth, mainly fueled by growing construction, automotive, and electronics industries. Regional demand is dominated by China and India due to industrialization and infrastructure development at a fast pace. The growing application of UPRs in composites and coatings is driving market growth. Also, the growth of agricultural chemicals and lubricant demand helps drive maleic anhydride consumption. Local expansion of production and low manufacturing costs render the region competitive internationally. Environmental regulations are tightening progressively, but still, the market prospers thanks to strong end-use industry demand.

LATIN AMERICA MALEIC ANHYDRIDE MARKET ANALYSIS

Latin America's maleic anhydride market is growing gradually, supported by the recovery of the automotive and construction industries. Brazil and Mexico are the primary markets, leveraging domestic demand for UPRs and resins. Infrastructure development projects and increased agricultural activities contribute to regional consumption. However, market expansion is somewhat limited by economic instability and fluctuating raw material prices. Still, investments in manufacturing and regional trade agreements offer growth opportunities.

MIDDLE EAST AND AFRICA MALEIC ANHYDRIDE MARKET ANALYSIS

The Middle East and Africa maleic anhydride market remains small but shows steady growth potential. Rising construction activities and increasing demand for coatings and resins in countries like the UAE and South Africa are key drivers. The market benefits from expanding industrial zones and infrastructure development. However, limited domestic production and dependency on imports may restrict growth. Future prospects look positive with growing investment in downstream chemical industries and regional economic diversification initiatives.

COMPETITIVE LANDSCAPE:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the maleic anhydride industry 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., and Zibo Qixiang Tengda Chemical Co. Ltd. ()
• Key players in the market are investing in expanding their production capacity and building new facilities to meet the growing demand for maleic anhydride. They are focusing on enhancing their production efficiency and sustainability. They are investing in research and development (R&D) activities to improve the efficiency and environmental impact of maleic anhydride production. They are also working on advanced catalytic processes and greener production technologies. Besides this, they are engaging in partnerships and collaborations to create advanced products. For instance, on 28 November 2023, Clariant, a sustainability-focused specialty chemical company, signed an agreement with Conser, part of MAIRE Group, for the supply of maleic anhydride catalysts. This partnership will develop next-generation catalysts based on Clariant's successful SynDane series, with the aim of offering superior productivity, cost efficiency and sustainability.

KEY QUESTIONS ANSWERED IN THIS REPORT

1. How big is the maleic anhydride market?

2. What is the future outlook of maleic anhydride market?

3. What is the demand of maleic anhydride?

4. Which region accounts for the largest maleic anhydride market share?

5. Which are the leading companies in the global maleic anhydride market?

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