Key Factor Supporting Maleic Anhydride Market Development in 2025: Global Demand For Automobiles Fuels Growth In The Maleic Anhydride Market

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How Large Will the Maleic Anhydride Market Size By 2025?
The size of the maleic anhydride market has experienced robust growth in the past few years. A surge from $3.75 billion in 2024 to $4.03 billion in 2025 is expected, representing a compound annual growth rate (CAGR) of 7.5%. The expansion during the historic period can be credited to factors such as increased chemical manufacturing, polymer production, enhancements in construction and infrastructure, developments in the automotive industry, and demand in furniture and appliances industries.

How Big Is the Maleic Anhydride Market Size Expected to Grow by 2029?
The market for maleic anhydride is projected to experience significant expansion in the upcoming years, reaching a valuation of $5.31 billion by 2029, with a compound annual growth rate (CAGR) pegged at 7.1%. The anticipated growth within the forecast period is linked with environmental laws, the use in plasticizers and resins, the transportation sector, electronic gadgets, and the packaging industry. Key trends set to shape the forecast period encompass smart materials and composites, green infrastructure, innovations in sustainable chemistry, bio-based maleic anhydride, and advanced applications of polymers.

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Which Key Market Drivers Powering Maleic Anhydride Market Expansion and Growth?
The surge in global demand for automobiles has greatly fueled the expansion of the maleic anhydride market. The automobile sector, which encompasses manufacturing and selling of autonomous vehicles such as passenger cars, trucks, farm machinery, and other commercial automobiles, widely employs unsaturated polyester resin (UPR) derived from maleic anhydride in manufacturing parts due to their adaptable design, light weight, and superior mechanical features. As per statistics from the European Automobile Manufacturers Association, a Belgium-based vehicle manufacturers association, March 2024 saw a substantial bounce back in the worldwide automobile market with sales escalating by nearly 10%, crossing the 72 million units mark. The European automobile sector showed notable strength, registering an 18.6% increase in sales compared to 2022. Eastern European and EU markets witnessed a comparable upward trend with Russia and Ukraine recording remarkable growth rates of 63.5% and 58.9% respectively. Such a surge has inevitably stimulated the augmentation of the maleic anhydride and its product market.

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Which Fast-Growing Trends Are Poised to Disrupt the Maleic Anhydride Market?
The escalating investment in research and development is an emerging trend that is gaining traction in the maleic anhydride industry. Top pharmaceutical firms in this market are channeling efforts into unlocking the potential of L-malic acid for use in dietary supplemen*ts. This is in response to a substantial global demand for ingredients that both boost immunity and offer cardioprotective benefits. As per the existing and the tenth editions of the global maleic anhydride market size outlook leading to 2028, a moderate-to-high growth rate is predicted during the forecast period. The prominent players in the maleic anhydride market are striving to introduce novel products and solutions, even as they marginally cut down on their R&D budgets and seek investment. Additionally, malic acid is emerging as a promising treatment for fibromyalgia patients, which has led to a considerable influx of R&D funding from various pharmaceutical entities.

What Are the Emerging Segments in the Maleic Anhydride Market?
The maleic anhydride market covered in this report is segmented -

1) By Type: Solid Maleic Anhydride, Molten Maleic Anhydride
2) By Raw Material: Benzene, N-Butane
3) By Application: Unsaturated Polyester Resin, Copolymers, Lubricant Additives, Alkyl Succinic Anhydrides, Malic Acid, Fumaric Acid
4) By End User: Construction, Automobile, Food and Beverage, Oil Products, Electronics, Personal Care, Pharmaceuticals, Agriculture

Subsegments
1) By Solid Maleic Anhydride: Crystalline Maleic Anhydride, Powdered Maleic Anhydride
2) By Molten Maleic Anhydride: Liquid Maleic Anhydride

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Who Are the Global Leaders in the Maleic Anhydride Market?
Major 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., Polynt S.p.A., Sasol Limited, Flint Hills Resources LP, Zibo Qixing Tengda Chemical Co. Ltd., Yongsan Chemicals Inc., Tianjin Bohai Chemicals, Thirumalai Chemicals Limited, Gulf Advanced Chemical Industries Co. Ltd., MOL Group, Yunnan Yunwei Company Limited, Jiangyin Shunfei Fine Chemical Co. Ltd., Jiangsu Zhongteng Chemical Co. Ltd., Fuso Chemical Co. Ltd., Mitsui Chemicals Inc., Shandong Hongxin Chemical Co. Ltd., Baotie Hebei Chemical Industry Co. Ltd., Aekyung Petrochemical Co. Ltd., DSM NV, Merck & Co. Inc., Bluestar Harbin Petrochemical Corporation, INEOS, NAN YA PLASTICS CORPORATION, China National Chemical Corporation, Hexion Inc., Lonza Group AG, Zibo Qixiang Tengda Chemical Co. Ltd., Zhejiang Weishi Biotechnology Co. Ltd., Zouping Qili Additives Co. Ltd.

Which are the Top Profitable Regional Markets for the Maleic Anhydride Industry?
Asia-Pacific was the largest region in the maleic anhydride market share in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the maleic anhydride market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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