The global maleic anhydride (MA) market is experiencing steady growth, driven by its widespread applications in industries such as automotive, construction, and pharmaceuticals. 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.

Key Applications and Market Drivers

Maleic anhydride is primarily used in the production of unsaturated polyester resins (UPRs), which are essential in manufacturing fiberglass-reinforced plastics. Another significant application is the synthesis of 1,4-butanediol (BDO), a key component in producing plastics, solvents, and elastic fibers. The demand for BDO is increasing, particularly in Asia Pacific, where it is the fastest-growing segment in the MA market.

Regional Market Insights

This growth is attributed to robust construction activities and the rising demand for MA in emerging economies like China and India. The country's expanding industrial base and infrastructure development are key factors driving this growth. The demand is primarily driven by applications in automotive manufacturing and construction.

Sustainability and Market Trends

Environmental concerns are prompting the chemical industry to explore sustainable production methods for MA. Innovations in green chemistry and recycling processes are being researched to reduce the environmental footprint of MA production.

In conclusion, the maleic anhydride market is poised for continued growth, with significant contributions from key regions and applications. Industry stakeholders are focusing on technological advancements and sustainable practices to meet the evolving demands of the market.

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Author's Bio:

Nilesh Shinde

Senior Market Research expert at The Insight Partners