Maleic Anhydride Market 2024-2032:

• The global maleic anhydride market size reached USD 3.4 Billion in 2023.
• The market is expected to reach USD 5.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.31% during 2024-2032.
• Asia Pacific leads the market, accounting for the largest maleic anhydride market share.
• N-butane accounts for the majority of the market share in the raw material segment because it produces maleic anhydride more efficiently, with a higher yield, and at a lower cost than benzene.
• Unsaturated Polyester Resin (UPR) holds the largest share in the maleic anhydride industry.
• Construction remains a dominant segment in the market, as it is used extensively in the construction industry to make adhesives, coatings, and composite materials for use in infrastructure and building projects.
• The rising demand in the personal care and hygiene sector, where it is used in producing specialty chemicals for applications such as hair sprays and adhesives is supporting the market growth.
• The growing electronics industry, which utilizes maleic anhydride in the production of materials like thermoset plastics and other high-performance polymers essential for electronic components, is impelling the market demand.

Industry Trends and Drivers:

• Growing Demand for Unsaturated Polyester Resins (UPR):

The maleic anhydride market growth is significantly fueled by its role in the production of unsaturated polyester resins (UPR), which are essential components in various industries. UPR is prominently used in manufacturing fiberglass-reinforced plastics due to its superior durability, resistance to chemicals, and lightweight characteristics. This has positioned UPR as a preferred material for automotive, construction, and marine applications. The automotive sector, aiming to improve fuel efficiency and reduce emissions, increasingly adopts lightweight materials to enhance vehicle performance. UPR-based composites meet these demands effectively, contributing to the widespread use of maleic anhydride. Additionally, in the construction industry, UPR’s application extends to the production of panels, pipes, and storage tanks, driven by ongoing infrastructure projects in both developed and developing regions.

• Expansion of the Automotive Industry:

The booming automotive industry is a key driver for the maleic anhydride market, as it directly influences the demand for lightweight, high-performance materials. Maleic anhydride plays a pivotal role in producing unsaturated polyester resins and polybutylene terephthalate (PBT), which are integral to various automotive components such as bumpers, body panels, and interior parts. These materials are prized for their strength, heat resistance, and low weight, aligning with the automotive industry’s focus on reducing overall vehicle weight to achieve better fuel efficiency and compliance with stringent emission norms. With the shift towards electric and hybrid vehicles, there is a growing emphasis on materials that offer durability without adding significant weight.

• Growth in the Construction Sector:

The construction sector’s robust expansion, particularly in emerging markets, has significantly bolstered the demand for maleic anhydride. This growth stems from maleic anhydride’s extensive use in producing unsaturated polyester resins for construction materials like fiberglass-reinforced panels, storage tanks, and pipes. These materials are chosen for their strength, resistance to corrosion, and cost-effectiveness. As urbanization accelerates and infrastructure projects multiply, especially in fast-developing regions, the demand for versatile, durable building materials has surged. Maleic anhydride-based products contribute to efficient construction processes by providing reliable materials that reduce overall maintenance costs and improve the lifespan of structures.

Request for a sample copy of this report: https://www.imarcgroup.com/maleic-anhydride-market/requestsample

Maleic Anhydride Market Report Segmentation:

Breakup By Raw Material:

• n-butane
• Benzene

n-butane account for the majority of shares due to its widespread availability and cost-effectiveness in producing maleic anhydride.

Breakup By Application:

• Unsaturated Polyester Resin (UPR) 
• 1-4, Butanediol (BDO)
• Additives
• Copolymers
• Others

Unsaturated polyester resin (UPR) dominates the market because of its extensive use in automotive, marine, and construction industries for lightweight and durable materials.

Breakup By End-Use Industry:

• Construction
• Automobile
• Food and Beverage
• Oil Products
• Electronics
• Personal Care
• Pharmaceuticals 
• Others

Construction represents the majority of shares due to the high demand for maleic anhydride-based products like UPR in infrastructure and building projects.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific holds the leading position owing to rapid industrialization, a booming automotive sector, and significant construction activities in countries like China and India.

Top Maleic Anhydride Market Leaders:

The maleic anhydride market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

• Helm AG
• Huntsman Corporation
• INEOS Group Limited
• Lanxess AG
• Merck KGaA
• Mitsubishi Chemical Corporation
• MOL Group
• Nan Ya Plastics Corporation
• Ningbo Jiangning Chemical Co. Ltd.
• Nippon Shokubai Co. Ltd.
• Polynt S.p.A,
• Thirumalai Chemicals Limited
• Tianjin Bohai Chemical Industry Group Supply and Sales Co. Ltd
• Zibo Qixiang Tengda Chemical Co. Ltd

Ask Analyst & Browse full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=7042&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145