Maleic Anhydride Market to Register a CAGR of 3.3% from 2025 to 2031 Driven by Rising Demand in Plastics and Coatings

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Maleic Anhydride Market covers analysis By Raw Material (Benzene, Butane); Application (Unsaturated Polyester Resins (UPR), 1, 4-butanediol (1, 4-BDO), Lubricating Oil Additives, Copolymers) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

United States of America – October 9, 2025 – The Insight Partners is proud to announce its latest market report, "Maleic Anhydride Market: An In-depth Analysis of the Global Maleic Anhydride Market." The report provides a comprehensive overview of the Maleic Anhydride Market, outlining current trends, market drivers, and growth opportunities for the forecast period 2025–2031.

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Overview of the Maleic Anhydride Market
The Maleic Anhydride Market is projected to grow at a CAGR of 3.3% from 2025 to 2031, driven by its extensive use across industries such as plastics, agriculture, and paints and coatings. Maleic anhydride, an organic compound produced through the oxidation of benzene or butane, serves as a key intermediate in the production of unsaturated polyester resins (UPRs), which are used in automotive, construction, and marine applications. The market growth is further supported by increasing demand for lightweight composite materials, eco-friendly coatings, and biodegradable lubricants.

Furthermore, ongoing technological advancements in catalytic oxidation and the emergence of sustainable raw materials are shaping the next wave of innovation in maleic anhydride production. The shift toward greener chemical processes and renewable feedstocks is expected to create new growth avenues for manufacturers.

Key Findings and Insights
The global Maleic Anhydride Market is evolving as industries seek high-performance materials with improved thermal stability and chemical resistance. The use of maleic anhydride as a chemical building block continues to expand, particularly in applications emphasizing sustainability and performance efficiency.

Key Factors Driving Market Growth:

Rising demand for unsaturated polyester resins (UPRs) in construction, marine, and automotive industries.
Expanding applications of maleic anhydride in plasticizers, lubricants, and agricultural chemicals.
Increasing use of eco-friendly coatings and adhesives.
Technological advancements improving process efficiency and yield in maleic anhydride production.
Growing industrialization and infrastructure development in emerging economies.

Maleic Anhydride Market Segmentation

By Raw Materials

Benzene: Traditionally used in maleic anhydride production, known for its consistent output and process stability.
Butane: Gaining traction due to lower production costs and reduced environmental impact, making it a preferred feedstock among manufacturers.

By End-Use

Lubricants: Maleic anhydride is used in lubricant additives to enhance viscosity and performance under high temperatures.
Agriculture: Serves as an intermediate in producing agricultural chemicals, improving crop protection and yield.
Paints and Coatings: Used in the formulation of resins and coatings that offer enhanced adhesion and durability.
Chemical Synthesis: Acts as a versatile chemical building block in the synthesis of various specialty compounds.
Plastic Manufacturing: A key ingredient in the production of thermosetting plastics and composites used in construction and automotive applications.

Spotting Emerging Trends

Technological Advancements:
Modern production processes are increasingly focused on using butane-based oxidation due to its cleaner output and higher efficiency compared to benzene-based methods. Innovations in catalytic technology are enhancing yield and minimizing byproducts, aligning with global sustainability goals.

Changing Industry Dynamics:
With the global push toward sustainability, manufacturers are exploring renewable and bio-based routes for maleic anhydride production. Additionally, the demand for lightweight and fuel-efficient vehicles is propelling the use of UPRs and other composites derived from maleic anhydride.

Regulatory Landscape:
Stringent environmental regulations regarding benzene emissions are encouraging a shift toward eco-friendly production methods. Governments are supporting cleaner production technologies and emphasizing compliance with safety and environmental standards, influencing raw material choices across the industry.

Growth Opportunities
The Maleic Anhydride Market offers numerous opportunities for expansion across sectors:

Green Chemistry: Increased focus on sustainable production methods using renewable feedstocks.
Emerging Markets: Rapid urbanization in Asia-Pacific and Latin America is driving the demand for paints, coatings, and plastics.
Automotive Industry: Rising use of lightweight materials and composites to improve vehicle efficiency.
Innovation in Resins: Development of advanced unsaturated polyester resins and alkyd resins with improved performance characteristics.
Strategic Collaborations: Partnerships between raw material suppliers and chemical manufacturers to enhance supply chain efficiency and innovation.

Market Leaders and Key Company Profiles
Leading players in the Maleic Anhydride Market are focusing on capacity expansion, product diversification, and strategic mergers to strengthen their market presence. Prominent companies include:

Huntsman Corp
IG Petrochemicals Ltd
Cepsa
LANXESS AG
Mitsubishi Chemical Corp
Nippon Shokubai Co. Ltd
Polynt-Reichhold Group
Ruse Chemicals
Yongsan Chemical Co. Ltd

These companies are investing in advanced technologies, sustainable production methods, and global partnerships to meet the increasing demand for high-quality maleic anhydride across industries.

Conclusion
The Maleic Anhydride Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2025–2031 provides valuable insights into the evolving chemical landscape. With its integral role in key manufacturing sectors, the market is poised for steady growth. The transition toward sustainable production, coupled with technological innovations and increasing demand from end-use industries, will continue to shape the future of the market. For companies seeking to expand in this space, understanding these dynamics is crucial to strategic decision-making and long-term success.

About Us
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients get solutions to their research requirements through our syndicated and consulting research services. We specialize in semiconductor and electronics, aerospace and defense, automotive and transportation, biotechnology, healthcare IT, manufacturing and construction, medical devices, technology, media and telecommunications, and chemicals and materials.