Why did the Maleic Anhydride Price Change in July 2025? The Maleic Anhydride Price Index in North America rose by 2% in Q2 2025 compared to Q1, with the quarter marked by early softness and a strong rebound in June, resulting in a Q2 average of USD 1298/MT, FOB USGC.

During the second quarter of 2024, the maleic anhydride prices in the United States reached 1393 USD/MT in June. The market saw significant price increases driven by robust seasonal demand and rising shipping costs. In Q2 of 2024, maleic anhydride prices in Japan saw significant price instability, with a slight increase driven by limited supply chains and robust seasonal growth. During the second quarter of 2024, maleic anhydride pricing in Germany experienced a slight price increase, fueled by intricate supply chains, including container shortages and freight delays. The quarter ended with maleic anhydride priced at 1287 USD/MT.

Get the latest insights on price movement and trend analysis of Maleic Anhydride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Maleic anhydride is primarily used in the production of copolymers, lubricant additives, and unsaturated polyester resins (UPR). Copolymers are used in various applications, including automotive body panels, appliances, and packaging. Lubricant additives improve the performance and durability of automotive engine oils and hydraulic fluids. UPRs are used in the construction industry to manufacture fiberglass-reinforced plastics and composites. Recent developments include: June 2022: Polynt announced its expansion project to build a new esterification plant to produce plasticizers and mainly trimellitates at its site in Atlacomulco, Mexico, expanding its production capacity to meet the needs of the growing automotive and electrical industry., July 2020: Polynt Group announced its plans to build a greenfield maleic anhydride production plant in Morris, U.S., with 50,000 tons per annum production capacity. The company took this move to meet the rising demand for maleic anhydride.. Key drivers for this market are: The increasing demand for maleic anhydride in the construction industry is a major growth driver for the market.

Maleic anhydride is used in the production of fiberglass-reinforced plastics, which are lightweight and durable materials used in a wide range of construction applications, including roofing, wall panels, and windows.

The automotive industry is another major driver, as maleic anhydride is used in the production of copolymers for automotive body panels and bumpers.. Potential restraints include: The volatility of raw material prices poses a challenge to the maleic anhydride market. Maleic anhydride is primarily produced from benzene or n-butane, and fluctuations in the prices of these raw materials can impact the profitability of maleic anhydride producers.. Notable trends are: The development of bio-based maleic anhydride is an emerging trend in the market. Bio-based maleic anhydride is produced from renewable resources, such as corn starch or sugar, and is a more sustainable alternative to traditional petroleum-based maleic anhydride..

In July 2022, the maleic anhydride price amounted to $1,588 per ton (CIF, India), with a decrease of -12.4% against the previous month.

The Maleic Anhydride Market Report Segments the Industry by Product Type (Unsaturated Polyester Resin, 1, 4-Butanediol, Lubricant Additives, and More), Raw Material (N-Butane and Benzene), Physical Form (Solid (Flake/Prill) and Molten), End-User Industry (Construction, Automobile, Food and Beverage, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa).

Explore the volatile price trend of maleic anhydride, essential for unsaturated polyester resins and coatings, shaped by supply chain dynamics, demand fluctuations, and geopolitical factors amidst global market shifts.

The global Maleic Anhydride market has grown remarkably to reach approximately 2555 thousand tonnes in 2024 and is anticipated to grow at a CAGR of 4.25% during the forecast period until 2035.

The global maleic anhydride market size reached USD 3.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.2 Billion by 2033, exhibiting a growth rate (CAGR) of 4.10% during 2025-2033. Rising product utilization in the construction industry, increasing product adoption in the automotive industry, and development of new production methods represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the global maleic anhydride market, along with forecasts at the global, regional, and country level from 2025-2033. Our report has categorized the market based on raw material, application, and end use industry.

The Maleic Anhydride market was valued at USD 4.7 billion in 2023 and is projected to cross USD 7 billion by 2034, growing at a CAGR of 4.8%.

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North America Maleic Anhydride Market Forecast 2022-2026

The North America maleic anhydride market share is expected to increase by USD 169.94 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.00%. The growth of the market depends on factors such as increasing demand for UPR and 1,4-BDO from the automotive industry, increasing demand for lubrication oil additives, and rising automotive industry in Canada and Mexico.

What will the Market Size During the Forecast Period?

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Key Drivers, Trends, and Challenges

The increasing demand for UPR and 1,4-BDO from the automotive industry is notably driving the market growth in North America, although factors such as rise in demand for hybrid vehicles and increasing battery price parity may impede the market growth.

Key Driver

One of the key factors driving growth in the market is the increasing demand for UPR and 1,4-BDO from the automotive industry. The rising sales of passenger cars and commercial vehicles drive the market. Maleic anhydride is used as a key ingredient in UPR, which is further used in the manufacturing of several automotive composites such as closure panels, body panels, fenders, Grille Opening Reinforcement (GOR), heat shields, headlamp reflectors, and pick-up boxes. The increasing sales of passenger and commercial vehicles globally are driving the regional market. Furthermore, the automobile sales rate has increased over the past five years in developed and developing countries, owing to the increasing disposable income of people and industrial growth. The consistent rise in the number of vehicles is increasing the demand for engine oil, functional fluids, and automotive components in emerging economies. Thus, it will further positively impact the market growth and trends.

Significant Trends

The commercialization of bio-based maleic anhydride is a major market trend that is expected to impact the industry positively in the coming years. Traditionally, it is produced through the oxidation of aromatic compounds. The key companies in the market are significantly innovating alternative feedstock to develop bio-based products. This is due to the growing awareness regarding the toxicity of benzene and other aromatic compounds used in the manufacturing. The use of bio-based feedstock has its own advantages over conventional ones. As the oil resources are limited, the extraction of benzene and its further oxidation is highly expensive. In addition, the manufacturers have to rely on advance technologies and sophisticated equipment, which significantly increases the manufacturing cost. So, to cater to such challenges, the commercialization of bio-based on a large scale is essential.

Major Challenge

The rise in demand for hybrid vehicles and increasing battery price parity will be a major challenge for the market during the forecast period. Hybrid vehicles contain both a small internal combustion engine (ICE) and an electric motor for optimum power utilization and reducing emissions from vehicles. Furthermore, the growing number of hybrid vehicles is expected to reduce the demand for engine oil, functional fluid, and transmission fluid per vehicle by half the quantity required in an ICEs. Such factors, coupled with the increasing battery ranges and declining cost of lithium-ion batteries, are expected to negatively hamper the market. Furthermore, the cost of batteries of electric vehicles is decreasing gradually, and the driving range per charge is increasing. The demand for electric vehicles is expected to increase, which, in turn, will reduce the overall engine oil consumption and lead to a decrease in the demand for maleic anhydride in lubricating oil additives.

This market research and growth report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Market Companies?

The market forecasting report analyzes the market’s competitive landscape and offers information on several market companies, including:

Ashland Global Holdings Inc.
BASF SE
DuPont de Nemours Inc.
Huntsman Corp.
LANXESS AG
Merck and Co. Inc.
Mitsubishi Chemical Corp.
Nippon Shokubai Co. Ltd.
Polynt Spa
Zibo Qixiang Tengda Chemical Co. Ltd.

This statistical study of the market encompasses successful business strategies deployed by the key companies. The market is concentrated and the companies are deploying growth strategies such as new product launches, acquisitions and R&D activities to compete in the market.

Product Insights and News

Ashland Global Holdings Inc. - The company offers a wide range of maleic acid products such as Aquaflex, Omnirez and Gantrez.

The market grow

Forecast: Maleic Anhydride Market Size Value in the UK 2023 - 2027 Discover more data with ReportLinker!

The global maleic anhydride market was valued at USD 2.8 billion in 2019 and is estimated to reach USD 3.5 billion by 2026, expanding at a CAGR of around 4.5% during the forecast period, 2020 – 2026. The rising automotive industry around the globe and increasing wind energy and construction industries are expected to contribute to the growth of maleic anhydride market during the forecast period. The growing demand for slip additives from emerging countries, such as India and South Korea, is expected to drive the growth of the market.



Maleic anhydride is made from benzene or butane by a process called oxidation. Butane is cheaper than benzene, which makes butane favorable raw material. In fixed bed reactor or fluidized reactor butane oxidation takes place. For production of unsaturated polyester resin, it is and essential raw material. Unsaturated polyester resin works as a substitute for application in furniture, fixtures, and construction industry owing to its properties such as light in weight and mechanical strength. It has good thermal, morphological, flexural, and mechanical properties and it makes it a common material for wind energy plant, tank manufacturing, marine vessels, and automotive parts. It is used in coatings production and also offers corrosion resistance.

Market Trends, Drivers, Restraints, and Opportunities:

• Increasing demand for unsaturated polyester resin and building & construction additives are expected to propel the growth of the market.
• Technological advancements in manufacturing industries is a major factor driving the growth of the market.
• Refurbishment of current infrastructure in developed economies is contributing to the market growth.
• Growing car accidents around the globe is fuelling the demand for unsaturated polyester resin as they are useful in repairing dents.
• Growing automotive industries around the globe is positively influencing demand for this product.
• Fluctuating maleic anhydride prices may hamper the market growth during the forecast period.

Scope of the Report

Maleic Anhydride Market expected to hit USD 5.78 billion by 2034, showing growth at 5.5% CAGR.

The Global Maleic Anhydride Market size is expected to reach $5.5 billion by 2031, rising at a market growth of 4.1% CAGR during the forecast period. In the year 2023, the market attained a volume of 3240.0 Kilo Tonnes, experiencing a growth of 19.1% (2020-2023). Maleic anhydride copolymers are wide

In 2022, the global market volume of maleic anhydride amounted to nearly 2.9 million metric tons. It is forecast that the market volume of this organic compound will grow to roughly 3.65 million metric tons worldwide in the year 2030.

The global maleic anhydride market attained a value of about USD 3.39 Billion in 2024. The market is further expected to grow at a CAGR of 4.90% during the forecast period of 2025-2034 to reach approximately USD 5.47 Billion by 2034.

Maleic Anhydride Market was valued at USD 3.03 Billion in 2024 and is projected to reach USD 3.84 Billion by 2032, growing at a CAGR of 3.30% during the forecast period 2026-2032.

Global Maleic Anhydride Market Drivers

Demand in a Range of Industries: Maleic anhydride is a flexible chemical intermediate that is utilized in the manufacturing of goods for the consumer goods, automotive, building, and agricultural industries, among others. Maleic anhydride demand is influenced by the general expansion and demand in these industries.

Growth of the Polymer Industry: Unsaturated polyester resins, which are widely utilized in the production of fiberglass reinforced plastics (FRP), are made possible in large part by the creation of maleic anhydride. Maleic anhydride is anticipated to become more in demand due to the expanding need for strong, lightweight materials in sectors including construction, aerospace, and automotive.

The Europe maleic anhydride market reached $266M in 2024, rising by 10% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $354M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The size of the Maleic Anhydride Market market was valued at USD 4,386.1 million in 2023 and is projected to reach USD 5,479.9 million by 2032, with an expected CAGR of 4.2 % during the forecast period. Maleic anhydride is an important organic chemical which is used chiefly as a raw material in the synthesis of resins, coatings, and drugs. It can be synthesized by the catalytic oxidation of benzene or butane. Specific uses are to produce unsaturated polyester resins used in the automotive, construction, marine industries, adhesives, coatings, agricultural chemicals and other goods. The market is growing due to growth of demand in lightweight material and exotic composite, along with the growth in automobile and construction sectors. They are development towards bio-based maleic anhydride and advance in the production process that makes the growth highly efficient and less hazardous.