2216 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Are the Primary Drivers Supporting the Market Growth of theMaleic Anhydride Market?

The rising demand for automobiles worldwide is driving the growth of the maleic anhydride market. Maleic anhydride is used in the production of unsaturated polyester resin (UPR) for automobile parts. The European Automobile Manufacturers Association reported that global car sales grew by nearly 10% in 2023, with a particularly strong performance in Europe. This surge in automobile production is boosting the demand for maleic anhydride.

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#What is the Anticipated CAGR of theMaleic Anhydride Market, and What Factors Will Drive It?

The maleic anhydride market has grown robustly in recent years. It will expand from $3.75 billion in 2024 to $4.03 billion in 2025, with a CAGR of 7.5%. The growth is attributed to the expansion of chemical manufacturing, polymer production, construction, infrastructure, automotive industry, and furniture and appliances.

The maleic anhydride market is projected to grow to $5.31 billion by 2029 at a 7.1% CAGR. The growth is attributed to environmental regulations, the demand for plasticizers and resins, the transportation sector, and applications in electronics and packaging. Key trends include smart materials, sustainable chemistry innovations, bio-based maleic anhydride, and advanced polymer applications.

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What Are the Latest Innovations Influencing theMaleic Anhydride Market?

Increased research and development investments are a growing trend in the maleic anhydride market, particularly in exploring the potential of L-malic acid in dietary supplements. The market is expected to experience moderate-to-high growth, with malic acid showing promise in therapeutic areas such as treating fibromyalgia. Major companies are investing in R&D to introduce new products and solutions, especially in response to growing demand for cardioprotective and immunity-boosting ingredients.

Who Are the Major Industry Players Accelerating Growth in theMaleic Anhydride Market?

Major companies operating in the maleic anhydride market include Huntsman Corporation, Lanxess AG, Mitsubishi Chemical Corporation, HELM AG, Ningbo Jiangning Chemical Co. Ltd., Nippon Shokubai Co. Ltd., Ashland Global Holdings Inc., Changzhou Shuguang Chemical Co. Ltd., Bartek Ingredients Inc., BASF SE, Cepsa Química S.L.U., Polynt S.p.A., Sasol Limited, Flint Hills Resources LP, Zibo Qixing Tengda Chemical Co. Ltd., Yongsan Chemicals Inc., Tianjin Bohai Chemicals, Thirumalai Chemicals Limited, Gulf Advanced Chemical Industries Co. Ltd., MOL Group, Yunnan Yunwei Company Limited, Jiangyin Shunfei Fine Chemical Co. Ltd., Jiangsu Zhongteng Chemical Co. Ltd., Fuso Chemical Co. Ltd., Mitsui Chemicals Inc., Shandong Hongxin Chemical Co. Ltd., Baotie Hebei Chemical Industry Co. Ltd., Aekyung Petrochemical Co. Ltd., DSM NV, Merck & Co. Inc., Bluestar Harbin Petrochemical Corporation, INEOS, NAN YA PLASTICS CORPORATION, China National Chemical Corporation, Hexion Inc., Lonza Group AG, Zibo Qixiang Tengda Chemical Co. Ltd., Zhejiang Weishi Biotechnology Co. Ltd., Zouping Qili Additives Co. Ltd.

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Which Primary Segments of the Maleic Anhydride Market Are Driving Growth and Industry Transformations?

The maleic anhydride market covered in this report is segmented –

1) By Type: Solid Maleic Anhydride, Molten Maleic Anhydride

2) By Raw Material: Benzene, N-Butane

3) By Application: Unsaturated Polyester Resin, Copolymers, Lubricant Additives, Alkyl Succinic Anhydrides, Malic Acid, Fumaric Acid

4) By End User: Construction, Automobile, Food and Beverage, Oil Products, Electronics, Personal Care, Pharmaceuticals, Agriculture

Subsegments

1) By Solid Maleic Anhydride: Crystalline Maleic Anhydride, Powdered Maleic Anhydride

2) By Molten Maleic Anhydride: Liquid Maleic Anhydride

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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theMaleic Anhydride Market?# Market?

Asia-Pacific was the largest region in the maleic anhydride market share in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the maleic anhydride market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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