Maleic Anhydride market projected to reach $7.16 billion by 2032 due to industry growth
From GlobeNewswire: 2025-05-19 11:09:00
The global maleic anhydride market is projected to reach USD 7.16 billion by 2032, with a CAGR of 5.8% from 2025 to 2032. Growth is driven by demand for unsaturated polyester resins in automotive, marine, and construction industries. Asia Pacific leads in market share, with North America showing the fastest growth.
Maleic anhydride demand is forecast to increase significantly by 2032, especially in the UPR segment. Asia Pacific dominates the market, with North America expected to exhibit rapid growth. The n-butane segment is projected to generate substantial revenue, with UPR accounting for a significant market share.
The maleic anhydride market is thriving due to rising demand for unsaturated polyester resins across various industries. However, health and environmental concerns pose challenges. Regulatory compliance costs may limit growth, leading to a shift towards safer alternatives like fumaric acid.
Industrial growth in countries like China, India, and the US is driving demand for maleic anhydride. Applications in UPR, coatings, adhesives, and lubricants are expanding, with opportunities emerging in packaging and agriculture sectors. The trend of using lightweight materials in automotive and construction industries is also boosting market growth.
Growing demand for UPR and advancements in production technology are key factors driving the maleic anhydride market. Environmental regulations are evolving, creating opportunities for eco-friendly producers. The industry is witnessing a shift towards bio-based maleic anhydride and strategic expansions by leading companies.
Recent developments include MAIRE’s NEXTCHEM subsidiary securing a contract for a new maleic anhydride plant in Oman and BASF signing an MoU for strategic cooperation on plasticizer alcohol and catalyst supply. The market is evolving to meet demand for bio-based and eco-friendly products, aligning with industry trends.
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