The maleic anhydride market is witnessing robust growth driven by its versatile applications across key industries such as automotive, construction, agriculture, and consumer goods. Maleic anhydride (MA), a colorless, crystalline organic compound derived primarily from n-butane or benzene, is a critical intermediate in the production of unsaturated polyester resins (UPRs), 1,4-butanediol (BDO), and other high-value chemicals.

The Maleic Anhydride Market is expected to register a CAGR of 3.3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031. The surge in demand for lightweight and high-strength composite materials—particularly UPRs used in automotive and marine industries—is a major growth catalyst.

Dominance of Unsaturated Polyester Resins

Over 50% of global maleic anhydride output is consumed in the production of UPRs. These resins are integral in manufacturing fiberglass-reinforced plastics, which are increasingly replacing metals in various structural applications due to their strength-to-weight ratio and corrosion resistance. The growing automotive and construction sectors, especially in Asia-Pacific, are driving this demand.

Asia-Pacific Leads the Market

The Asia-Pacific region accounts for more than 60% of global consumption, with China emerging as the largest producer and consumer. Rapid industrialization, infrastructure development, and a strong manufacturing base continue to propel growth in this region. Meanwhile, North America and Europe are focusing more on sustainable production and specialty derivatives of maleic anhydride.

Rise of Green and Bio-Based Alternatives

A notable trend in the market is the increasing investment in bio-based maleic anhydride, developed from renewable feedstocks like biomass and vegetable oils. Although still in the early stages of commercialization, this innovation addresses environmental concerns linked to petrochemical-derived MA and aligns with tightening global emission regulations.

Challenges and Market Constraints

The market is not without challenges. Price volatility of raw materials such as n-butane and benzene, along with environmental regulations on volatile organic compound (VOC) emissions, can impact production economics. Moreover, competition from alternative resins and emerging green technologies may create shifts in long-term demand patterns.

Conclusion

The maleic anhydride market is poised for steady growth, bolstered by demand from end-user industries and a shift toward sustainable materials. As global manufacturers innovate and expand capacity—particularly in Asia—the market is set to maintain a competitive and transformation-driven trajectory over the next decade.

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Author's Bio:

Nilesh Shinde

Senior Market Research expert at The Insight Partners