Maleic Anhydride Market Share, Size, Trends, Industry Analysis Report: By Application , By Raw Material (Benzene and N-Butane), By End User , and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2

Maleic Anhydride Market Share, Size, Trends, Industry Analysis Report: By Application , By Raw Material (Benzene and N-Butane), By End User , and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2024–2032

The global maleic anhydride market size is expected to reach USD 4.26 billion by 2032, according to a new study by Polaris Market Research. The report “Maleic Anhydride Market Size, Share, Trends, Industry Analysis Report: By Application, By Raw Material (Benzene and N-Butane), By End User, and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The maleic anhydride market involves the production and distribution of maleic anhydride, a chemical used in manufacturing resins, plastics, and coatings. It is valued for its role in enhancing product properties and driving growth in various industrial applications. The market growth is attributed to its increasing use in the production of unsaturated polyester resins (UPR), which are crucial for the automotive, construction, and marine industries. The rise in infrastructure development and increase in demand for lightweight, durable materials also propel the market growth.

Rising use of maleic anhydride in agriculture as a pesticide and in the production of specialty chemicals would offer opportunities for the market during the forecast period. Adoption of green technologies and sustainable manufacturing practices because of the high demand for eco-friendly alternatives in numerous industries is projected to emerge as a future trend in the market. Overall, the maleic anhydride market is expected to witness steady growth in the coming years, owing to ongoing innovations and rising demand across various end-use sectors.

Maleic Anhydride Market Report Highlights

The unsaturated polyester resins (UPR) segment dominates the maleic anhydride market due to their extensive use in automotive and construction industries for producing lightweight, durable materials. However, the market for the 1,4-BDO segment is experiencing rapid growth owing to its increasing use in the production of high-performance polymers and solvents.

Based on raw materials, the N-Butane segment leads the market, as it offers a cost-effective and efficient process compared to benzene. The shift toward using N-Butane is driven by its lower environmental impact and higher yields.

The construction sector is the largest end user of maleic anhydride, owing to its use in producing high-quality resins for building materials. The market for the pharmaceuticals segment is witnessing significant growth due to increased demand for specialty chemicals and drug formulations.

Asia Pacific is the dominating and highest-growing region in the global maleic anhydride market, with robust industrial activities and increasing demand from end-use industries such as construction and automotive. The region's rapid industrialization and infrastructure development are driving substantial market growth.

Polaris Market Research has segmented the maleic anhydride market report on the basis of application, raw materials, end user, and region:

Maleic Anhydride, Application Outlook (Revenue – USD Billion, 2019–2032)

Unsaturated Polyester Resins (UPR)

1,4-BDO

Lubricating Oil Additives

Copolymers

Food Additives

Others

Maleic Anhydride, Raw Material Outlook (Revenue – USD Billion, 2019–2032)

Benzene

N-Butane

Maleic Anhydride, End User Outlook (Revenue – USD Billion, 2019–2032)

Construction

Automotive

Food & Beverages

Textile

Pharmaceuticals

Personal Care

Agriculture

Others

Maleic Anhydride, Regional Outlook (Revenue – USD Billion, 2019–2032)

North America

US

Canada

Europe

Germany

France

UK

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America