Track Maleic Anhydride Price Index Historical and Forecast

Executive Summary

The global Maleic Anhydride (MA) market during 2024-2025 has undergone significant fluctuations driven by shifting demand patterns, evolving cost structures, regional supply dynamics, and recurring logistical disruptions. Across major regions-North America, Europe, and APAC-the market experienced alternating phases of oversupply, tightening fundamentals, and cost moderation.

By Q3 2025, price movements were shaped by factors such as refinery operating rates, feedstock n-butane and benzene trends, plant outages, export flow adjustments, and downstream demand from Unsaturated Polyester Resin (UPR), coatings, automotive, and construction industries.

The market narrative reflects a combination of macroeconomic caution, sectoral recovery pockets, and persistent logistical challenges, culminating in a cautiously optimistic price outlook for late 2025 and early 2026.

This PR-style analysis offers an in-depth review of quarterly shifts, cost drivers, regional variations, and forward-looking procurement insights, concluding with how ChemAnalyst empowers buyers with real-time market intelligence.

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Introduction

Maleic Anhydride, a critical industrial chemical used in Unsaturated Polyester Resins (UPR), 1,4-Butanediol (BDO), lubricant additives, and agricultural chemicals, is highly sensitive to fluctuations in feedstock prices, industrial demand cycles, and global supply-chain fluidity.

The 2024-2025 period has highlighted the vulnerability as well as the resilience of MA markets as they navigate shifting demand profiles, geopolitical disruptions, macroeconomic uncertainty, and structural changes in the global chemical trade.

The following report provides a comprehensive, PR-ready analysis of Maleic Anhydride price trends and forecasts across major regions-anchored by quarterly data, market drivers, cost structures, operational dynamics, and trade patterns.

Global Maleic Anhydride Price Overview

Across the global landscape, Maleic Anhydride pricing witnessed mixed trends through 2024 and 2025, shaped by:

UPR sector volatility, tied to construction, marine, and automotive demand
Feedstock cost movements, primarily n-butane and benzene
Logistics challenges, including port congestion and disrupted inland transportation
Supply constraints, especially from production outages and structural plant closures
Trade-flow realignments due to tariff concerns, export hesitancy, and freight cost inflation
By Q3 2025, North America and Europe saw upward price pressure due to tightening supply, while APAC faced persistent oversupply and soft downstream procurement. Quarterly price movements varied widely across regions, influenced by localized supply-demand fundamentals.

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Regional Analysis

North America Market Analysis

Q3 2025 Overview

In Q3 2025, North America recorded a 5.07% rise in the Maleic Anhydride Price Index, with an average quarterly price near USD 1286/MT. Stronger downstream fundamentals and constrained spot availability contributed to the positive movement.

Drivers Behind Price Movements

Balanced-to-soft demand from UPR and coatings slightly moderated upward momentum.
Stable feedstock costs for n-butane and benzene kept production costs in check.
Reduced export flows tightened domestic availability.
Seasonal restocking added mild demand-driven support.
Spot levels exhibited mild tightening as some producers prioritized contractual obligations, leaving fewer volumes available for merchant trade.

Supply, Production & Operational Trends

Major US producers operated at optimized rates, minimizing outages.
Inventory levels remained balanced, preventing extreme price volatility.
Export dynamics shifted, lowering outbound volumes and supporting domestic tightness.

Why Did the Price Change in September 2025?

Soft downstream offtake reduced spot buying pressure.
Stable feedstock values moderated cost-driven fluctuations.
Maintenance and constrained export availability created intermittent upward impulses.

APAC Market Analysis

Q3 2025 Overview

APAC, led by Japan and China, experienced price pressure throughout Q3 2025. Japan's Maleic Anhydride Price Index fell 1.99% as weak demand, abundant inventory, and competitive imports shaped market sentiment. Prices averaged USD 1786.33/MT.

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Key Market Drivers

Oversupply from both domestic producers and imports.
Declining feedstock prices removed cost-push support.
Subdued downstream sectors, especially UPR, automotive, and construction.
Prolonged oversupply as high operating rates coincided with poor export windows.
Producers were forced to maintain competitive pricing, resulting in persistent downward pressure.

Why Did the Price Change in September 2025?

Ample supply depressed market momentum.
Lower n-butane and benzene costs weakened seller pricing power.
Improved logistics were offset by typhoon season disruptions and weak procurement activity.

Europe Market Analysis

Q3 2025 Overview

Europe, particularly Germany, witnessed a 6.19% rise in the Maleic Anhydride Price Index in Q3 2025, averaging USD 1297.67/MT. Structural tightness played a defining role, amplified by production constraints.

Key Drivers

Huntsman's Moers plant closure reduced merchant volumes.
Port and rail congestion hindered domestic distribution.
Stable feedstock costs capped extreme pricing spikes.
Moderate downstream consumption provided a stable demand floor.

Why Did the Price Change in September 2025?

Supply tightened sharply due to reduced domestic production and logistics disruption.
Construction and automotive demand stayed steady but subdued.
Congestion-related cost increases and delivery delays led to localized price differentials.

Quarterly Market Movements and Drivers

North America - Q2 2025

MA Price Index rose 2% quarter-on-quarter.
Early Q2 was soft; late Q2 saw a rise to USD 1320/MT due to improving UPR consumption and tighter availability.
Demand improved in construction, EV, and composites sectors.
Stable feedstock costs and rising logistics expenses shaped cost pressure.

Why Will Prices Rise in July 2025?

Resilient downstream demand
West Coast congestion
Proactive restocking ahead of potential tariff shifts

Europe - Q2 2025 (Netherlands)

Price Index increased 2% over Q1.
April decline: weak demand + port congestion
May stabilization: adequate inventories
June surge: supply tightened after Huntsman's shutdown; freight costs increased.
Why Will Prices Rise in July 2025?

Continued structural tightness
Low Rhine River levels affecting inland logistics
Persistent UPR demand

APAC - Q2 2025 (China)

Price Index rose 3.5%, but quarterly average softened to USD 816/MT.
Early Q2 tightness reversed as supply surged by June.
Declining feedstock costs reduced producer margins.
Weak UPR demand and soft export markets limited price momentum.

Why Will Prices Fall in July 2025?

Abundant supply post-restart
Falling n-butane values
Cautious, just-in-time procurement

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Historical Quarterly Review (2024-Q1 2025)

North America - Q1 2025

Mixed but stable trajectory.

January softening due to low demand and increased competition.
February stabilization as sentiment improved.
March steady on balanced demand and supply.
Overall: 10% decline from previous quarter.

APAC - Q1 2025

Mixed trend with alternating stability and volatility.
Post-holiday demand cycles heavily influenced pricing.
Export logistics disruptions provided temporary support.
Overall: 5% decline.

Europe - Q1 2025

Gradual upward trend despite macroeconomic uncertainty.
Port congestion influenced supply conditions.
Demand from UPR, automotive, construction remained steady.
Overall: 2.4% decline.

Q4 2024 - Global Summary

North America

Overall declining trend
Hurricanes spiked early feedstock costs, later easing
Weak demand from automotive, construction
5% quarterly decline

APAC

Oversupply + weak construction activity
Resin sector demand remained soft
5% quarterly decline

Europe

Excess inventory + muted downstream demand
Input cost increases insufficient to support pricing
5% quarterly decline
Production & Cost Structure Insights

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Feedstock Dynamics

n-butane and benzene remain the primary cost drivers.
Broad feedstock stability through Q3 2025 helped contain cost-push inflation.
Declining n-butane prices in APAC reduced producer margins.
Operating Rates and Capacity Utilization

US: optimized operations, minimal outages
APAC: high operating rates created oversupply
Europe: structural supply loss due to Huntsman closure tightening availability
Logistics & Freight

Recurring issues included:

Port congestion (US West Coast, Rotterdam, Hamburg)
Inland freight rate inflation
Seasonal disruptions (typhoons, river level drops)
Workforce shortages at terminals
These contributed significantly to regional price differentials and short-term volatility.

Procurement Outlook for Late 2025

North America

Expect modest price volatility due to seasonal restocking and shifting export flows.
Buyers should monitor maintenance schedules and inland freight trends.

APAC

Continued downward bias unless output is curtailed.
JIT procurement strategies likely to dominate as resin manufacturers remain cautious.

Europe

Tightness likely to persist due to structural supply constraints.
Procurement teams should anticipate continued logistics-driven delays and localized premium pricing.

Frequently Asked Questions (FAQ)

Why did Maleic Anhydride prices rise in North America during Q3 2025?
Prices rose due to tighter spot supply, stable production costs, reduced export flows, and firm downstream procurement during seasonal restocking.

Why did APAC experience price declines in Q3 2025?
Oversupply, declining feedstock costs, weak UPR demand, and increased imports contributed to broad downward pressure.

What caused Europe's price increase in Q3 2025?
Huntsman's Moers plant shutdown, logistical constraints, and balanced inventories tightened regional supply.

What is the outlook for Q4 2025?
North America and Europe may see mild bullishness; APAC is expected to remain range-bound to bearish.

How do feedstock prices influence Maleic Anhydride?
MA production economics are heavily tied to n-butane and benzene. Stable or falling feedstock prices typically cap upside potential.

How ChemAnalyst Supports Procurement Teams

ChemAnalyst provides industry-leading real-time pricing intelligence, weekly market updates, forecast models, and supply-chain analytics for over 450+ chemical and petrochemical commodities-including Maleic Anhydride.

Our Services Include:

✔ Daily & weekly price assessments
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✔ Plant-level tracking of outages, run rates, expansions, and shutdowns
✔ Global trade-flow monitoring across 50+ key ports including Houston, Shanghai, Busan, Rotterdam, Jebel Ali, Antwerp, and Hamburg
✔ Demand-supply analytics covering all major downstream sectors
✔ Expert commentary from chemical engineers, market economists, and supply-chain specialists

Why Leading Companies Trust ChemAnalyst

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ChemAnalyst empowers procurement teams to make confident decisions, optimize procurement timing, avoid supply disruptions, and stay ahead of competitors in a rapidly evolving global landscape.

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This release was published on openPR.