Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Maleic Anhydride Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Maleic Anhydride Industry in 2024 and 2025?
The market size for maleic anhydride has seen significant growth in the past few years. The market is projected to expand from $3.75 billion in 2024 to $3.97 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%.
What Is the Projected Market Size of the Maleic Anhydride Market in 2029?
The market size of Maleic Anhydride is anticipated to reach $5.16 billion by 2029, expanding at a compound annual growth rate (CAGR) of 6.8%.
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What Are the Key Drivers of Maleic Anhydride Market Growth?
The key Drivers in the maleic anhydride market are:
• Increased demand for automobiles around the world
• Use of unsaturated polyester resin derived from maleic anhydride in the auto industry
• Versatility and lightweight properties of maleic anhydride-based materials in auto manufacturing
• Impressive growth rates in European and Eastern European car markets.
What Are the Primary Segmentation Categories in the Maleic Anhydride Market?
The maleic anhydridemarket 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
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What Are the Major Trends Shaping the Maleic Anhydride Market in 2025 and Beyond?
The key trends in the maleic anhydride market are:
• The exploration of L-malic acid's potential in dietary supplements is a noted emerging trend.
• A significant trend is the increased global demand for cardioprotective and immunity-boosting ingredients.
• The advent of new products and solutions through reduced R&D budgets and sought out investments is a major identifying trend.
• Encouraging R&D investments for the therapeutic potential of malic acid, particularly its application for fibromyalgia, is shaping the market's future.
Who Are the Emerging Players in the Maleic Anhydride Market?
The key players in the maleic anhydride market are:
• 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 Regions Are Leading the Growth in the Global Maleic Anhydride Market?
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
