무수말레인산 생산능력, 수요, 평균 가격, 업계 전망(-2034년)

The global Maleic Anhydride market was valued at USD 5.8 billion in 2025 and is poised to reach USD 9.5 billion by 2034, registering at a CAGR of 4.8%. Maleic anhydride is a versatile industrial chemical used as a building block in many downstream products. Produced from n-butane or maleic oil, it is a colourless crystalline solid that reacts readily with alcohols, amines and other compounds to form esters, acids and resins. Because of its reactivity and relative cost-effectiveness, maleic anhydride is a staple ingredient in sectors ranging from plastics and coatings to lubricants and agriculture.

Supply analysis

Global MAN capacity is estimated to witness strong growth, increasing from 5,000 kilotons in 2025 to 8,300 kilotons by 2034, reflecting an average annual growth rate of about 6% over the forecast period. Regionally, the United States and the Middle East benefit from access to low-cost feedstock, while China's growth is driven by efforts to reduce export dependency through higher operating rates, as well as cost advantages from coal-based production. Historically, the United States has also experienced growth in its petrochemicals industry, supported by abundant shale gas resources.

Average global utilization rates for maleic anhydride ranged between 50-55% during 2018-2024. To meet rising demand, approximately 200 kilotons of new capacity were added annually over this period. By 2025, total global maleic anhydride capacity reached around 5,000 kilotons, with Asia-Pacific accounting for nearly 85% of the total.

Demand by Segments

Unsaturated polyester resins (UPR) are the single largest use; UPRs are combined with glass fibres to make composite parts for bathware, tanks, pipes and automotive components, so construction and transport trends strongly influence volumes. Copolymers made from maleic anhydride are used as adhesives, dispersants and compatibilizers in polymer blends. Lubricating oil additives use maleic-derived succinimides and other derivatives that help control deposits and improve oil life.

Regional Demand Analysis

The global maleic anhydride market is dominated by the Asia-Pacific region, which accounts for nearly 70% of total demand. Demand in Asia-Pacific is projected to grow at a CAGR of around 6% over the long-term forecast period. Growth in key applications such as butanediol (BDO) and unsaturated polyester resins (UPR) is expected to be a major driver of demand in the coming years. Rising purchasing power in developing economies is also contributing significantly, as a large share of maleic anhydride consumption is linked to UPR. These resins are widely used in the production of composite materials, particularly glass fibre-reinforced plastics (FRP). UPR is further utilized in the construction sector for manufacturing heat-resistant pipes and tanks, while FRP composites find applications across construction, automotive, and marine industries. The Asia-Pacific economy has been supported by strong growth in the construction sector, and continued expansion in both regional and global construction activities is expected to drive further demand for UPR during the forecast period. This, in turn, will increase the demand for maleic anhydride. Additionally, the use of UPR in industrial piping is growing steadily due to its excellent heat resistance properties. Increasing adoption of maleic anhydride-based compatibilizers to enhance the performance of commodity polymers such as polyethylene and polypropylene improving adhesion and fibre dispersion will further support long-term demand growth through 2034.

Maleic Anhydride Market Players

INEOS, Huntsman Petrochemical Corp, Lanxess Corp, Bartek Ingredients, Derivados Maleicos SA de CV, HIG Capital (Elekeiroz), BASF, Lanxess, Polynt SpA, Compania Espanola de Petroleos SA - (CEPSA), Hungarian Oil and Gas Plc - (MOL), Zibo Qixing Tengda Chemical Company, Zhetie Jiangning Chemical Industry Co., Ltd., Changzhou Yabang Chemical Co., Ltd, Jiangsu Beyond Chemicals, Nippon Shokubai Co Ltd - (NSCL), Na Yan Plastics Corporation, Taiwan Prosperity Chemical Corp - (TPCC), IGPL (Formerly MPCL), TCL Industries (Malaysia) Sdn Bhd and Saudi International Petrochemical Company (Sipchem)/ IDC are some of the leading Maleic Anhydride producer in the world. Asia Pacific dominates the global Maleic Anhydride capacity, accounting for around 85% of the global capacity followed by Americas and Europe together accounting for 20% of the global capacity.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Applications
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2024
  • Base - 2025
  • Forecast Period - 2026 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand-Supply Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Chemicals
• Agriculture
• Others

5. Plants & Projects Analysis

• Maleic Anhydride Production Capacity, by Company
• Maleic Anhydride Production Capacity, by Country and by region
• Capacity Overview

6. Introduction to Maleic Anhydride and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
  • Oxidation of benzene
  • Oxidation of n-butane
  • Oxidation of n-butene
  • Coproduct of phthalic anhydride manufacture
• Environmental Issues
• Value Chain
• Applications

7. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

8. Global Maleic Anhydride Demand-Supply Analysis, By Applications (Volume, Value) (2018-2034)

• Strategic Issues
• Demand-Supply Analysis and Forecast (2018 - 2034)
  • Capacity
  • Capacity Utilization (%)
  • Production
  • Imports
  • Exports
  • Net Trade
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
• Global Maleic Anhydride Market, By Applications
  • Unsaturated Polyester Resins (UPR)
  • Copolymers
  • Lubricating Oil Additives
  • 1,4- Butanediol
  • Alkenyl Succinic Anhydride
  • Maleic Acid
  • Fumaric Acid
  • Agricultural Chemicals
  • Others

9. Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues
• Capacity
• Capacity Utilization (%)
• Production
• Imports
• Exports
• Net Exports
• Demand
• Demand Growth Rate (%)
• Maleic Anhydride Market, By Applications

Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).

• North America
  • USA
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • Italy
  • United Kingdom
  • Spain
  • Rest of Western Europe
• Central & Eastern Europe
  • Russia
  • Poland
  • Turkey
  • Rest of Central & Eastern Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Rest of Asia-Pacific
• Central & South America
  • Brazil
  • Rest of Central & South America
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2026 - 2034)

10. Pricing Analysis

• Average Maleic Anhydride Prices, USD/Kg
• Average Maleic Anhydride Prices, by Country
• Average Maleic Anhydride Prices, by Region
• Price Forecast

11. Key Strategic Issues

12. Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

13. Strategic Recommendation & Suggestions

14. Company Analysis and Market Share Analysis

• Maleic Anhydride Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarters, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Recent Developments
  • Companies Covered
  • INEOS
  • Huntsman Petrochemical Corp
  • Lanxess Corp
  • Bartek Ingredients
  • Derivados Maleicos SA de CV
  • HIG Capital (Elekeiroz)
  • BASF
  • Polynt SpA
  • - Compania Espanola de Petroleos SA - (CEPSA)
  • Hungarian Oil and Gas Plc - (MOL)
  • Zibo Qixing Tengda Chemical Company
  • Zhetie Jiangning Chemical Industry Co., Ltd.
  • Changzhou Yabang Chemical Co., Ltd
  • Jiangsu Beyond Chemicals
  • Nippon Shokubai Co Ltd - (NSCL)
  • Na Yan Plastics Corporation
  • Taiwan Prosperity Chemical Corp - (TPCC)
  • IGPL (Formerly MPCL)
  • TCL Industries (Malaysia) Sdn Bhd
  • Saudi International Petrochemical Company (Sipchem)/ IDC
  • Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

15. Appendices

• Demand-Supply - Regions
• Demand-Supply- Countries
• Capacities, 2018-2034