PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2037809
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2037809
The maleic anhydride market size was USD 1.84 billion in 2025 and is projected to reach USD 3.79 billion by 2035, at a CAGR of 7.62% between 2026 and 2035.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2023-2035 |
| Base Year | 2025 |
| Forecast Period | 2026-2035 |
| Units Considered | Value (USD Million) and Volume (Kiloton) |
| Segments | Raw Material, Application, and Region |
| Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, and South America |
"The rising demand for unsaturated polyester resins (UPR) is driving the maleic anhydride market growth."
The market of maleic anhydride is largely influenced by the rising demand for unsaturated polyester resins, as maleic anhydride serves as a building block. High reactivity and compatibility of maleic anhydride make it crucial for the production of corrosion-resistant and durable resin systems. As producers seek for performance effective and economically efficient intermediates, the demand for maleic anhydride continues to see stable growth through its critical role in UPR production.

"In 2025, the n-butane segment accounted for the largest share in the maleic anhydride market."
The cost-effective and widely available feedstock, particularly in regions with strong natural gas production,, supports the dominance of n-butane in the overall maleic anhydride market. The catalytic oxidation of n-butane is more selective and cost-effective than the catalytic oxidation of benzene, which makes it the more favorable method for industrial production. In addition, environmental concerns also promote the use of n-butane due to its relatively cleaner processing profile, reinforcing its position in the maleic anhydride market.
"Lubricating oil additives segment was the third-largest application of maleic anhydride in 2025."
The lubricating oil additives application accounted for the third largest share of the maleic anhydride market in 2025, in terms of value. This is due to its critical role in producing dispersants and detergents that increase the efficiency and durability of engines. Maleic anhydride-based additives play a significant role in preventing sludge build-up and increasing oxidation stability. This makes them crucial for aligning strict standards concerning emissions and performance in automotive and industrial lubricants. In addition, growing demand from the automotive industry, especially in developing economies, supported stable consumption rates, although the segment remained behind other applications like unsaturated polyester resins and 1,4-butanediol.
"North America accounted for the third-largest share in the global maleic anhydride market, in terms of value, in 2025."
North America accounted for the third-largest share of the maleic anhydride market in 2025. The market in the region is driven by the stable consumption in end-use sectors such as construction, automotive, and chemical. The region's developed infrastructure industry drives the demand for unsaturated polyester resins (UPR). In addition, automotive manufacturing boosts the consumption of maleic anhydride for lightweight composite materials. The existence of leading chemical manufacturers, along with the easy accessibility of raw materials such as butane, also ensures stable production, although growth is relatively slower compared to other rapidly industrializing regions like Asia Pacific.
The key players profiled in the report include Wanhua Chemical Group Co., Ltd. (China), Huntsman International LLC (US), Changzhou Yabang Chemical Co., Ltd. (China), Taiyuan Qiaoyou Chemical Co., Ltd. (China), PETRONAS Chemicals Group Berhad (PCG) (Malaysia), Zibo Qixiang Tengda Chemical Co., Ltd. (China), Gulf Advanced Chemical Industries Co., Ltd. (GACIC) (Saudi Arabia), Zhejiang Jiangshan Chemical Co., Ltd. (China), Lanxess AG (Germany), and Polynt Group (Italy).
Study Coverage
This report segments the market for maleic anhydride based on raw material, application, and region, and provides estimations of value (in USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies associated with the maleic anhydride market.
Reasons to Buy this Report
This research report is focused on various levels of analysis-industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the maleic anhydride market, high-growth regions, and market drivers, restraints, and opportunities.