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Maleic Anhydride Market worth $3.79 billion by 2035 - Exclusive Report by MarketsandMarkets™

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HUN Huntsman International LLC is mentioned as a key player in the maleic anhydride market, which is projected to grow significantly. The article does not provide specific sentiment for Huntsman itself, but its inclusion as a key player suggests it is involved in this growing market.

Maleic Anhydride Market worth $3.79 billion by 2035 - Exclusive Report by MarketsandMarkets™ DELRAY BEACH, Fla., May 8, 2026 /PRNewswire/ -- According to MarketsandMarkets, ' Maleic Anhydride Market by Raw Material (n-butane and Benzene), Application (Unsaturated Polyester Resin (UPR), 1,4-butanediol (1,4-BDO), Lubricating Oil Additives, and Copolymers), and Region - Global Forecast to 2035', the maleic anhydride market size was USD 1.84 billion in 2025 and is projected to reach USD 3.79 billion by 2035, at a CAGR of 7.62% between 2026 and 2035.

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Maleic Anhydride Market Size & Forecast:

Maleic Anhydride Market Trends & Insights:

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The maleic anhydride market has registered growth due to the growing demand for unsaturated polyester resins (UPR), 1,4-butanediol (1,4-BDO), and lubricating oil additives. Rising infrastructure development and lightweight material usage are boosting its applications in composites. In addition, its use in the production of lubricants, additives, and agrochemicals ensures consistent industrial demand. Growth in the manufacturing operations in developing economies further enhances market growth.

By raw material, benzene accounted for a significant share of the maleic anhydride market.

Based on raw material, benzene held a significant share in the maleic anhydride market in 2025. This is due to its established use as a traditional feedstock in production processes. Its consistent availability and robust supply chain ensure consistent industrial utilization. Its share is relatively lower than other effective alternatives like n-butane due to cost and environmental advantages. This makes benzene an important but less preferred option in modern production setups.

By application, the 1,4-BDO segment accounted for the second-largest market share in 2025.

The 1,4-BDO application held the second-largest share of the maleic anhydride market in 2025, in terms of value. It serves as an important raw material for manufacturing compounds such as THF (tetrahydrofuran) and PBT (polybutylene terephthalate). The increasing demand for high-performing and durable materials in the plastic, automotive, textile, and coating sectors leads to their increased utilization. This robust downstream consumption pattern makes it one of the most significant application areas for maleic anhydride.

Europe was the second-largest market for maleic anhydride in 2025.

The second-largest market share of maleic anhydride was held by Europe in 2025. This is because of the robust chemical production sector and the well-established automotive and construction sectors in the region. Europe has a constant demand for unsaturated polyester resins that are used for composite products, paints, and adhesives. Stringent environmental policies further encourage the use of high-performance materials, where maleic anhydride plays a crucial role.

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Key Players

The key players profiled in the report include Wanhua Chemical Group Co., Ltd. (China), Huntsman International LLC (US), Changzhou Yabang Chemical Co., Ltd. (China), Taiyuan Qiaoyou Chemical Co., Ltd. (China), PETRONAS Chemicals Group Berhad (PCG) (Malaysia), Zibo Qixiang Tengda Chemical Co., Ltd. (China), Gulf Advanced Chemical Industries Co., Ltd. (GACIC) (Saudi Arabia), Zhejiang Jiangshan Chemical Co., Ltd. (China), Lanxess AG (Germany), and Polynt Group (Italy).

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