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The Maleic Anhydride Market is projected to rise from USD 1.96 billion in 2026 to USD 3.79 billion by 2035, at a CAGR of 7.62%. The report examines market evolution, capacity expansion, competitive dynamics, and long-term growth opportunities across maleic anhydride market size, application, and key regions.

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.

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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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Maleic Anhydride Companies

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).

PETRONAS Chemicals Group Berhad (PCG) is an integrated chemicals producer involved in the manufacturing, marketing, and distribution of a diverse portfolio of petrochemical and specialty chemical products across global markets. The company operates through four key segments, namely, olefins & derivatives, fertilisers & methanol, specialty chemicals, and others. It provides maleic anhydride through its olefins & derivatives segment. The company has established a strong presence globally, with 19 manufacturing facilities and 30 manufacturing plants located in Malaysia, Asia Pacific, Europe, and North America. In June 2022, the company entered into a deal to acquire a maleic anhydride plant in Gebeng, Kuantan, from BASF PETRONAS Chemicals to improve its production capabilities.

Zibo Qixiang Tengda Chemical Co., Ltd., a subsidiary of Shandong Energy Group New Material Co., Ltd., is a petrochemical company engaged in the production and sale of chemicals and related derivatives. The company offers maleic anhydride along with other petrochemical products such as butadiene and MTBE.

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