Maleic Anhydride Market to Grow at 6.8% CAGR, Reaching $5.16 Billion by 2029

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Maleic Anhydride Market Outlook: How is the Market Expected to Grow by 2025?
The market size of maleic anhydride has seen significant expansion in the past few years. Estimated to rise from $3.75 billion in 2024 to $3.97 billion in 2025, it has a compound annual growth rate (CAGR) of 5.9%. The growth experienced during the historic period is credited to the expansion in chemical manufacturing, polymer production, construction and infrastructure sectors, the automotive industry, as well as furniture and appliances.

Maleic Anhydride Market Forecast: What Size Will It Reach By 2029?
The market for maleic anhydride is projected to experience substantial expansion in the ensuing years, with an estimated worth of $5.16 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.8%. The projected growth during this period can be linked to factors such as environmental regulations, the use of plasticizers and resins, the transportation sector, electronic devices, and the packaging industry. Key trends expected during this 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 Will Shape Maleic Anhydride Industry Trends in 2025-2029?
The global expansion of the automotive industry has played a significant part in promoting the growth of the maleic anhydride market. The automotive industry consists of the production and marketing of motorised vehicles, ranging from passenger cars to trucks, agricultural equipment, and other commercial vehicles. The industry prefers using an unsaturated polyester resin (UPR), a derivative of maleic anhydride, for the manufacture of parts owing to its design flexibility, lightness, and robust physical characteristics. For example, the global car market, as reported by Belgium's European Automobile Manufacturers Association in March 2024, recuperated remarkably in 2023, with sales escalating nearly 10% to cross 72 million units. The European car market stood out with a growth of 18.6% from the previous year. Both EU and Eastern European markets displayed a homogenous growth pattern, while Russia and Ukraine exhibited incredible growth rates of 63.5% and 58.9% respectively. Consequently, the maleic anhydride market and its product market have benefited from this surge.

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What Are the High-Growth 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

Which Global Trends Are Driving Maleic Anhydride Market Expansion?
Augmented funding into research and development is becoming a prominent trend in the maleic anhydride markets. The primary pharma companies engaged in this market are diligently investigating the capabilities of L-malic acid for use in dietary supplements. A substantial demand globally speaks volumes of its potential as a cardioprotective and immunity-enhancing ingredient. As an example, the most current and the tenth versions of the international maleic anhydride market size outlook till 2028 speculate the market to document a moderate-to-high escalation rate throughout the projected timespan. Leading companies in the maleic anhydride market are making concerted efforts to roll out novel products by tactically minimizing their R&D expenditures and scouting for investment prospects. Furthermore, malic acid's potential effectiveness in dealing with fibromyalgia patients has enticed considerable R&D funding from numerous pharmaceutical corporations.

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Who Are the Fastest-Growing Companies in the Maleic Anhydride Industry?
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.

What Is the Regional Outlook for the Maleic Anhydride Market by 2029?
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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