Press release
Growth in Global Maleic Anhydride Market: Exploration of Drivers, Key Players, and Current Trends
Maleic Anhydride Market
Remarkable escalations in market size, innovations and key market players to shape the global Maleic Anhydride Market from 2024 to 2029.
What Is The Projected Market Size Of The Global Maleic Anhydride Market And Its Growth Rate?
• The maleic anhydride market was valued at $3.75 billion in 2024, and it's expected to reach $4.03 billion in 2025, growing at a CAGR of 7.5%.
• The market growth can largely be attributed to factors such as chemical manufacturing, polymer production, construction and infrastructure, the automotive industry, and furniture and appliances.
• Looking forward, the maleic anhydride market size is predicted to reach $5.31 billion by 2029, at a CAGR of 7.1%.
• The anticipated growth in the forecast period is ascribed to environmental regulations, plasticizers and resins, the transportation industry, electronic devices, and the packaging industry.
What Is Driving The Growth In The Maleic Anhydride Market?
The global maleic anhydride market has seen substantial growth, credited to the rising demand for automobiles internationally. The automobile industry utilizes unsaturated polyester resin (UPR) derived from maleic anhydride for building parts due to its design versatility, light-weightedness, and excellent mechanical properties. As an illustration, the global car market saw a significant rally in 2023, with sales rising by almost 10% to cross 72 million units. This expansion has in turn accelerated the growth of the maleic anhydride market.
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Who Are the Key Players Driving Maleic Anhydride Market Growth?
Noteworthy companies operating in the maleic anhydride market include:
• Huntsman Corporation
• Lanxess AG
• Mitsubishi Chemical Corporation
• HELM AG
• Ningbo Jiangning Chemical Co. Ltd.
• Nippon Shokubai Co. Ltd.
• Ashland Global Holdings Inc.
• Changzhou Shuguang Chemical Co. Ltd.
• Bartek Ingredients Inc.
• BASF SE, Cepsa Química S.L.U.
What Are The Key Trends In The Maleic Anhydride Market?
Key trends in the forecast period include:
• Smart materials and composites
• Green infrastructure
• Sustainable chemistry innovations
• Bio-based maleic anhydride
• Advanced polymer applications
What Are The Segments Of The Global Maleic Anhydride Market?
The maleic anhydride market can be segmented into:
• Type: Solid Maleic Anhydride, Molten Maleic Anhydride
• Raw Material: Benzene, N-Butane
• Applications: Unsaturated Polyester Resin, Copolymers, Lubricant Additives, Alkyl Succinic Anhydrides, Malic Acid, Fumaric Acid
• End-Users: Construction, Automobile, Food and Beverage, Oil Products, Electronics, Personal Care, Pharmaceuticals, Agriculture
Which Region Leads The Maleic Anhydride Market?
Asia-Pacific was the leading region in the maleic anhydride market in 2024 and is further expected to be the fastest-growing region in the forecast period. The report covers other key regions as well including Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Maleic Anhydride Market Global Market Report?
- Market Size Analysis: Analyze the Maleic Anhydride Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Maleic Anhydride Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Maleic Anhydride Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Maleic Anhydride Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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