Maleic Anhydride Market Size (2024 - 2029)

Maleic Anhydride Market Analysis

The global maleic anhydride market is projected to register a CAGR of over 5% during the forecast period.

The COVID-19 pandemic in 2020 and the first half of 2021 affected various sectors, including maleic anhydride-producing industries. The maleic anhydride market showed negative growth as it was affected by disruptions in the global supply chain, the fluctuation of oil prices, and curtailed downstream demand. However, the market registered steady growth, owing to increased automotive and industrial activities in the second half of 2021.

• Over the short term, the rising global demand for unsaturated polyester resin and the growth of end-user industries in emerging nations are major factors driving the growth of the market studied.
• However, increasing government regulations regarding the handling and application of maleic anhydride are a key factor anticipated to restrain the growth of the target industry over the forecast period.
• Still, the commercialization of bio-based maleic anhydride is likely to give the global market some good chances for growth in the near future.
• Asia-Pacific is estimated to witness healthy growth over the assessment period in the maleic anhydride market due to the wide usage of maleic anhydride in end-use application segments, such as automotive, construction, and other industries.

Maleic Anhydride Industry Segmentation

Maleic anhydride is a colorless or white solid, cyclic dicarboxylic anhydride with the chemical formula C2H2(CO)2O that can be produced from vapor-phase oxidation of n-butane. It is a highly reactive chemical intermediate, majorly used to produce unsaturated polyester resin and in the formulation of coatings, surfactants, plastic additives, pharmaceuticals, and others. The maleic anhydride market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into unsaturated polyester resin, 1,4-Butanediol (BDO), lubricant additives, maleic anhydride copolymers, malic acid, fumaric acid, alkyl succinic anhydrides, surfactants and plasticizers, and other product types. By end-user industry, the market is segmented into construction, automobile, food and beverage, oil products, electronics, personal care, pharmaceuticals, and agriculture. The report also offers the market size and forecasts for the maleic anhydride market in 15 countries across the major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (in USD million).