Maleic Anhydride Market Report Scope & Overview:

The Maleic Anhydride Market Size was valued at expected to reach USD 4.30 billion by 2030, and USD 3.03 billion in 2022 and grow at a CAGR of 4.5% over the forecast period 2023-2030.

The market is growing because there is more demand for unsaturated polyester resin, building and construction additives, and technological advances in manufacturing industries. Market growth is also helped by the fact that infrastructure in developed economies is being fixed up. As the number of car accidents around the world goes up, so does the need for unsaturated polyester resin, which is used to fix dents. The market for this product is getting better because the global automotive industry is growing.

Maleic Anhydride Market Revenue Analysis

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Market Dynamics:


  • The automotive industry is asking for more UPR and 1,4-BDO.


  • A rise in the number of people buying hybrid cars and a rise in the price of batteries


  • Putting bio-based maleic anhydride on the market


  • Fluctuations in prices of crude oil

Impact of COVID-19:

Almost every part of the world has been affected by the pandemic. Maleic anhydride sales have gone down because of problems in the global supply chain and a drop in oil prices, which hurt the market. This is happening because demand in the automotive industry has dropped. The automotive and industrial sectors are very important to the market. In terms of value, the maleic anhydride market is worth the most in Asia Pacific.

In the Asia-Pacific region, South Asian countries like India, Bangladesh, Sri Lanka, and Central Asian countries saw a drop in the number of cars on the road. This made less maleic anhydride needed in the area. China has a big share of the maleic anhydride market in the Asia-Pacific region, but the pandemic made things very hard for them at first. Millions of people were put in quarantine, which stopped all supply chains that came from China. The travel bans and lockdowns that were put in place in most of China's big cities cut down on the amount of oil the country could make. It has also hurt the people who work there, without whom many ports like Shenzhen and Shanghai would not be able to operate. But after three months of being shut down, the country has shown signs of getting better. Most of the businesses have reopened, which is likely to increase the need for maleic anhydride. After the mass vaccination drive started, other developing countries also sped up the number of cars they made in 2021.

Market Segment:

By Raw Material

By Application

  • Unsaturated Polyester Resin (UPR)

  • Copolymers

  • Lubricant Additives

  • Alkenyl Succinic Anhydrides

  • Malic Acid

  • Fumaric Acid

  • Others

By End-users

  • Construction

  • Automotive

  • Food & Beverages

  • Textile

  • Pharmaceuticals

  • Personal Care

  • Agriculture

  • Others

Maleic Anhydride Market Segmentation Analysis

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Regional Analysis:

According to a 2022 report, Asia Pacific (APAC) has the largest market share. The regional market is heavily reliant on the fast-growing automotive and construction industries, which are rapidly consolidating their market positions. India, China, and Indonesia stand to benefit the most from such an industry handshake. The warmth of this partnership shared among industries can be felt quite easily with the prediction of the regional market's scope to achieve the maximum CAGR. Furthermore, the lubricant market is showing signs of expansion in emerging economies such as Thailand.  Europe's market boom can also be attributed to its contributions in the automotive and construction industries. However, the construction sector is experiencing some setbacks, which are bound to slow the growth of the maleic anhydride market. When it comes to bio-sustainability, government regulations are quite stringent. As a result, the maleic anhydride market may move at a slow pace. Many North American companies are relocating to Brazil and Argentina, which can help the Latin American market. However, the North American market is only expected to grow at a moderate rate due to the slow growth of downstream industries.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Ningbo Jiangning Chemical (China), Changzhou Yabang Chemical Co. Ltd (China), Ashland Inc. (US), Bartek Ingredients Inc. (Canada), Huntsman Corporation (US), Lanxess (Germany), Helm AG (Germany), Marathon Petroleum Corp. (US), Fuso Chemical Co. (Japan), Mitsubishi Chemical Corporation (Japan), Thirumalai Chemicals Ltd (India), Bluestar Harbin Petrochemical Corp. (China), Polynt Group (Italy), Nan Ya Plastics Co.(China), Nippon Shokubai Co. Ltd (Japan)

Changzhou Yabang Chemical Co. Ltd (China)-Company Financial Analysis

Maleic Anhydride Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 3.03 Billion
Market Size by 2030 US$ 4.30 Billion
CAGR CAGR of 4.5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Raw Material (N-Butane, Benzene)
• By Application (Unsaturated Polyester Resin (UPR), Copolymers, Lubricant Additives, Alkenyl Succinic Anhydrides, Malic Acid, Fumaric Acid, Others)
• By End-users (Construction, Automotive, Food & Beverages, Textile, Pharmaceuticals, Personal Care, Agriculture, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Ningbo Jiangning Chemical (China), Changzhou Yabang Chemical Co. Ltd (China), Ashland Inc. (US), Bartek Ingredients Inc. (Canada), Huntsman Corporation (US), Lanxess (Germany), Helm AG (Germany), Marathon Petroleum Corp. (US), Fuso Chemical Co. (Japan), Mitsubishi Chemical Corporation (Japan), Thirumalai Chemicals Ltd (India), Bluestar Harbin Petrochemical Corp. (China), Polynt Group (Italy), Nan Ya Plastics Co.(China), Nippon Shokubai Co. Ltd (Japan)
DRIVERS • The automotive industry is asking for more UPR and 1,4-BDO.
Restraints • A rise in the number of people buying hybrid cars and a rise in the price of batteries

Frequently Asked Questions

Ans: Key stakeholders considered in the study:
Raw material vendors
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Unsaturated Polyester Resin (UPR), Copolymers, Lubricant Additives, Alkenyl Succinic Anhydrides, Malic Acid, Fumaric Acid and Others are the sub-segments of by Raw Material Segment.

Ans: The automotive industry is asking for more UPR and 1,4-BDO are the drivers for Maleic Anhydride Market.

Ans: Global Maleic Anhydride Market Size was valued at expected to reach USD 3.98 billion by 2028, and USD 2.9 billion in 2021 and grow at a CAGR of 4.5 % over the forecast period 2022-2028.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Maleic Anhydride Market Segment, By Raw Material

8.1 N-Butane

8.2 Benzene

9. Maleic Anhydride Market Segment, By Application

9.1 Unsaturated Polyester Resin (UPR)

9.2 Copolymers

9.3 Lubricant Additives

9.4 Alkenyl Succinic Anhydrides

9.5 Malic Acid

9.6 Fumaric Acid

9.7 Others

10. Maleic Anhydride Market Segment, By End-users:

10.1 Construction

10.2 Automotive

10.3 Food & Beverages

10.4 Textile

10.5 Pharmaceuticals

10.6 Personal Care

10.7 Agriculture

10.8 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa


11.6 Latin America


11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profile

12.1 Ningbo Jiangning Chemical (China)

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Changzhou Yabang Chemical Co. Ltd (China)

12.3 Ashland Inc. (US)

12.4 Bartek Ingredients Inc. (Canada)

12.5 Huntsman Corporation (US)

12.6 Lanxess (Germany)

12.7 Helm AG (Germany)

12.8 Marathon Petroleum Corp. (US)

12.9 Fuso Chemical Co. (Japan)

12.10 Mitsubishi Chemical Corporation (Japan)

12.11 Thirumalai Chemicals Ltd (India)

12.12 Bluestar Harbin Petrochemical Corp. (China)

12.13 Polynt Group (Italy)

12.14 Nan Ya Plastics Co.(China)

12.15 Nippon Shokubai Co. Ltd (Japan)

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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