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Maleic Anhydride Market, By Raw Material, By Application (Unsaturated polyester resins, 1,4-butanediol, Additives, Copolymers, and Others), By Geography
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Maleic Anhydride Market-IMG1

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The global maleic anhydride market is estimated to be valued at USD 4.56 Bn in 2024. The market is expected to reach USD 6.68 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

Report Coverage Report Details
Base Year: 2023 Market Size in 2024: US$ 4.56 Bn
Historical Data for: 2019 To 2023 Forecast Period: 2024 To 2031
Forecast Period 2024 to 2031 CAGR: 5.60% 2031 Value Projection: US$ 6.68 Bn
Figure. Maleic Anhydride Market Share (%), By Region 2024
Maleic Anhydride Market - IMG1

Maleic anhydride is an organic compound which is widely used as a precursor in various industrial applications across different industries. It finds applications in unsaturated polyester resins, copolymers, lubricant additives, and surfactants among others. Due to its versatile functional properties and growing industrial applications, the demand for maleic anhydride has witnessed an increase. The growth of end-use industries and rising consumption of products made from maleic anhydride in regions such as Asia Pacific are expected to drive the market growth during the forecast period. However, fluctuations in crude oil prices remain a key challenge.

Market Dynamics:

The global maleic anhydride market is witnessing a steady growth owing to factors such as growing construction industry, rising demand for unsaturated polyester resins from industries such as automotive and transportation as well as increasing penetration of copolymers made from maleic anhydride in various applications. However, volatility in crude oil prices which is a key raw material for the production of maleic anhydride, poses a challenge to market growth. Market players are exploring new production technologies to reduce dependency on crude oil. Asia Pacific remains the leading and the fastest growing regional market propelled by rapid industrialization, growing construction activities, and rising per capita income in countries such as China and India.

Key Features of the Study:

This report provides in-depth analysis of the global maleic anhydride market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global maleic anhydride market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Huntsman Corporation, Ashland Global Holdings Inc., BASF SE, Mitsubishi Chemical Corporation, LyondellBasell Industries N.V., DIC Corporation, Kraton Corporation, LANXESS AG, Polynt S.p.A., Koninklijke DSM N.V., Wacker Chemie AG, Eni S.p.A., Godavari Biorefineries Ltd., Nizhnekamskneftekhim, and GAIL (India) Limited

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global maleic anhydride market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global maleic anhydride market

Market Segmentation

Table of Contents

1. Research Objectives and Assumptions

2. Market Purview

3. Market Dynamics, Regulations, and Trends Analysis

4. Global Maleic Anhydride Market, By Raw Material, 2019-2031, (USD Bn)

5. Global Maleic Anhydride Market, By Application, 2019-2031, (USD Bn)

6. Global Maleic Anhydride Market, By Region, 2019 - 2031, Value (USD Bn)

7. Competitive Landscape

8. Analyst Recommendations

9. References and Research Methodology

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