Maleic Anhydride Market Share, Size, Trends, Industry Analysis Report: By Application, By Raw Material, By End User, and By Region - 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
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Maleic Anhydride Market Insights
4.1. Maleic Anhydride Market - Market Snapshot
4.2. Maleic Anhydride Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing Demand for Unsaturated Polyester Resins is Driving the Market Growth
4.2.1.2. Emphasis on Sustainable and Eco-Friendly Materials Propels the Market
4.2.2. Restraints and Challenges
4.2.2.1. Volatility in Raw Material Prices is Hindering the Market Growth
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Maleic Anhydride Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Maleic Anhydride Market, by Application
5.1. Key Findings
5.2. Introduction
5.2.1. Global Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
5.3. Unsaturated Polyester Resins (UPR)
5.3.1. Global Maleic Anhydride Market, by Unsaturated Polyester Resins (UPR), by Region, 2019-2032 (USD billion)
5.4. 1,4-BDO
5.4.1. Global Maleic Anhydride Market, by 1,4-BDO, by Region, 2019-2032 (USD billion)
5.5. Lubricating Oil Additives
5.5.1. Global Maleic Anhydride Market, by Lubricating Oil Additives, by Region, 2019-2032 (USD billion)
5.6. Copolymers
5.6.1. Global Maleic Anhydride Market, by Copolymers, by Region, 2019-2032 (USD billion)
5.7. Food Additives
5.7.1. Global Maleic Anhydride Market, by Food Additives, by Region, 2019-2032 (USD billion)
5.8. Others
5.8.1. Global Maleic Anhydride Market, by Others, by Region, 2019-2032 (USD billion)
6. Global Maleic Anhydride Market, by Raw Material
6.1. Key Findings
6.2. Introduction
6.2.1. Global Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
6.3. Benzene
6.3.1. Global Maleic Anhydride Market, by Benzene, by Region, 2019-2032 (USD billion)
6.4. N-Butane
6.4.1. Global Maleic Anhydride Market, by N-Butane, by Region, 2019-2032 (USD billion)
7. Global Maleic Anhydride Market, by End User
7.1. Key Findings
7.2. Introduction
7.2.1. Global Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
7.3. Construction
7.3.1. Global Maleic Anhydride Market, by Construction, by Region, 2019-2032 (USD billion)
7.4. Automotive
7.4.1. Global Maleic Anhydride Market, Automotive, by Region, 2019-2032 (USD billion)
7.5. Food & Beverages
7.5.1. Global Maleic Anhydride Market, by Food & Beverages, by Region, 2019-2032 (USD billion)
7.6. Textile
7.6.1. Global Maleic Anhydride Market, by Textile, by Region, 2019-2032 (USD billion)
7.7. Pharmaceuticals
7.7.1. Global Maleic Anhydride Market, by Pharmaceuticals, by Region, 2019-2032 (USD billion)
7.8. Personal Care
7.8.1. Global Maleic Anhydride Market, by Personal Care, by Region, 2019-2032 (USD billion)
7.9. Agriculture
7.9.1. Global Maleic Anhydride Market, by Others, by Region, 2019-2032 (USD billion)
7.10. Others
7.10.1. Global Maleic Anhydride Market, by Others, by Region, 2019-2032 (USD billion)
8. Global Maleic Anhydride Market, by Geography
8.1. Key Findings
8.2. Introduction
8.2.1. Maleic Anhydride Market Assessment, By Geography, 2019-2032 (USD billion)
8.3. Maleic Anhydride Market - North America
8.3.1. North America: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.3.2. North America: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.3.3. North America: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.3.4. Maleic Anhydride Market - U.S.
8.3.4.1. U.S.: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.3.4.2. U.S.: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.3.4.3. U.S.: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.3.5. Maleic Anhydride Market - Canada
8.3.5.1. Canada: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.3.5.2. Canada: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.3.5.3. Canada: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.4. Maleic Anhydride Market - Europe
8.4.1. Europe: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.4.2. Europe: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.4.3. Europe: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.4.4. Maleic Anhydride Market - UK
8.4.4.1. UK: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.4.4.2. UK: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.4.4.3. UK: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.4.5. Maleic Anhydride Market - France
8.4.5.1. France: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.4.5.2. France: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.4.5.3. France: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.4.6. Maleic Anhydride Market - Germany
8.4.6.1. Germany: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.4.6.2. Germany: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.4.6.3. Germany: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.4.7. Maleic Anhydride Market - Italy
8.4.7.1. Italy: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.4.7.2. Italy: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.4.7.3. Italy: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.4.8. Maleic Anhydride Market - Spain
8.4.8.1. Spain: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.4.8.2. Spain: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.4.8.3. Spain: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.4.9. Maleic Anhydride Market - Netherlands
8.4.9.1. Netherlands: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.4.9.2. Netherlands: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.4.9.3. Netherlands: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.4.10. Maleic Anhydride Market - Russia
8.4.10.1. Russia: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.4.10.2. Russia: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.4.10.3. Russia: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.4.11. Maleic Anhydride Market - Rest of Europe
8.4.11.1. Rest of Europe: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.4.11.2. Rest of Europe: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.4.11.3. Rest of Europe: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.5. Maleic Anhydride Market - Asia Pacific
8.5.1. Asia Pacific: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.5.2. Asia Pacific: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.5.3. Asia Pacific: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.5.4. Maleic Anhydride Market - China
8.5.4.1. China: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.5.4.2. China: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.5.4.3. China: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.5.5. Maleic Anhydride Market - India
8.5.5.1. India: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.5.5.2. India: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.5.5.3. India: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.5.6. Maleic Anhydride Market - Malaysia
8.5.6.1. Malaysia: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.5.6.2. Malaysia: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.5.6.3. Malaysia: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.5.7. Maleic Anhydride Market - Japan
8.5.7.1. Japan: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.5.7.2. Japan: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.5.7.3. Japan: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.5.8. Maleic Anhydride Market - Indonesia
8.5.8.1. Indonesia: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.5.8.2. Indonesia: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.5.8.3. Indonesia: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.5.9. Maleic Anhydride Market - South Korea
8.5.9.1. South Korea: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.5.9.2. South Korea: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.5.9.3. South Korea: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.5.10. Maleic Anhydride Market - Australia
8.5.10.1. Australia: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.5.10.2. Australia: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.5.10.3. Australia: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.5.11. Maleic Anhydride Market - Rest of Asia Pacific
8.5.11.1. Rest of Asia Pacific: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.5.11.2. Rest of Asia Pacific: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.5.11.3. Rest of Asia Pacific: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.6. Maleic Anhydride Market - Middle East & Africa
8.6.1. Middle East & Africa: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.6.2. Middle East & Africa: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.6.3. Middle East & Africa: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.6.4. Maleic Anhydride Market - Saudi Arabia
8.6.4.1. Saudi Arabia: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.6.4.2. Saudi Arabia: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.6.4.3. Saudi Arabia: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.6.5. Maleic Anhydride Market - UAE
8.6.5.1. UAE: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.6.5.2. UAE: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.6.5.3. UAE: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.6.6. Maleic Anhydride Market - Israel
8.6.6.1. Israel: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.6.6.2. Israel: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.6.6.3. Israel: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.6.7. Maleic Anhydride Market - South Africa
8.6.7.1. South Africa: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.6.7.2. South Africa: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.6.7.3. South Africa: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.6.8. Maleic Anhydride Market - Rest of Middle East & Africa
8.6.8.1. Rest of Middle East & Africa: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.6.8.2. Rest of Middle East & Africa: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.6.8.3. Rest of Middle East & Africa: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.7. Maleic Anhydride Market - Latin America
8.7.1. Latin America: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.7.2. Latin America: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.7.3. Latin America: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.7.4. Maleic Anhydride Market - Mexico
8.7.4.1. Mexico: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.7.4.2. Mexico: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.7.4.3. Mexico: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.7.5. Maleic Anhydride Market - Brazil
8.7.5.1. Brazil: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.7.5.2. Brazil: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.7.5.3. Brazil: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.7.6. Maleic Anhydride Market - Argentina
8.7.6.1. Argentina: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.7.6.2. Argentina: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.7.6.3. Argentina: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)
8.7.7. Maleic Anhydride Market - Rest of Latin America
8.7.7.1. Rest of Latin America: Maleic Anhydride Market, by Application, 2019-2032 (USD billion)
8.7.7.2. Rest of Latin America: Maleic Anhydride Market, by Raw Material, 2019-2032 (USD billion)
8.7.7.3. Rest of Latin America: Maleic Anhydride Market, by End User, 2019-2032 (USD billion)