Market Forecast By Raw Material (N-Butane, Benzene), By Application (Unsaturated Polyester Resin, Copolymers, Lubricant Additives, Alkenyl Succinic Anhydrides, Malic Acid, Fumaric Acid, Others), By End-users (Construction, Automotive, Food & Beverages, Textile, Pharmaceuticals, Personal Care, Agriculture, Others) And Competitive Landscape
Product Code: ETC088100 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | US Maleic Anhydride Market |
Forecast period | 2025-2031 |
CAGR | 12.4% |
Growing Sector | Construction |
The US Maleic Anhydride market report thoroughly covers the market by raw material, by application, by end user and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The US maleic anhydride market remains integral to diverse industrial processes, reflecting its versatility and enduring importance in the chemical manufacturing landscape. In addition, the market is witnessing transformative trends that highlight its adaptability to evolving industrial needs. One prominent trend is the growing demand for bio-based maleic anhydride, reflecting an industry shift towards sustainable and environmentally friendly chemical production. Another noteworthy development is the surge in research and development activities focused on expanding the applications of maleic anhydride, particularly in the field of renewable energy and advanced materials. Moreover, the market is also experiencing a shift towards strategic collaborations and partnerships among manufacturers, aimed at enhancing production capacities and fostering innovation. Additionally, as end-users prioritize cost efficiency and operational effectiveness, there is a rising interest in the development of novel and cost-effective production methods for maleic anhydride. Further, the US maleic anhydride industry faces a range of challenges that underscore the complexities within the chemical industry. One significant hurdle is the volatility in raw material prices, as maleic anhydride production relies on inputs derived from the petrochemical sector. In addition, fluctuations in feedstock costs can impact the overall production costs and subsequently affect market dynamics. Regulatory pressures also pose challenges, with a focus on environmental regulations and safety standards requiring manufacturers to invest in compliance measures. Additionally, the competitive landscape and the global nature of the chemical industry contribute to challenges such as market saturation and pricing pressures.
According to 6Wresearch, US Maleic Anhydride market size is projected to grow at a CAGR of 12.4% during 2025-2031. The US maleic anhydride market is propelled by several key growth drivers, reflecting its integral role in diverse industrial applications. A primary catalyst is the expanding demand for unsaturated polyester resins, a major downstream product of maleic anhydride, driven by the construction and automotive industries. In addition, the increasing use of these resins in the production of lightweight and durable materials contributes to the market's growth. Moreover, the rising adoption of bio-based maleic anhydride aligns with the industry's commitment to sustainability, responding to the demand for eco-friendly chemical solutions. Innovations in maleic anhydride applications, including its role in the synthesis of agricultural chemicals and lubricant additives, further contribute to market expansion. As industries emphasize cost-efficient and sustainable practices, maleic anhydride's versatility positions it as a crucial component in the development of advanced materials. Additionally, strategic collaborations and partnerships among manufacturers drive technological advancements, ensuring the market's competitiveness.
Government initiatives play a pivotal role in shaping the landscape of the US maleic anhydride market, with a focus on fostering sustainability and innovation within the chemical industry. In addition, the federal and state-level regulations promoting the adoption of bio-based and environmentally friendly chemicals align with the industry's shift towards greener practices. Initiatives supporting research and development in sustainable chemical processes and renewable feedstocks contribute to the growth of bio-based maleic anhydride production. These plans have enhanced the US Maleic Anhydride Market Share. Additionally, regulations addressing safety standards and environmental impact guide manufacturers in adopting responsible practices. Government funding and incentives aimed at advancing technologies and improving production efficiency further catalyze innovation in the maleic anhydride sector. Moreover, the collaborative efforts between regulatory bodies and industry stakeholders ensure that the market aligns with broader sustainability goals while remaining competitive and responsive to evolving regulatory frameworks.
The US maleic anhydride market is influenced by key players that contribute significantly to the industry's dynamics and growth. Among these, Huntsman Corporation stands out as a major player, offering a diverse portfolio of chemical products, including maleic anhydride, for various applications. Bartek Ingredients Inc., recognized for its expertise in specialty ingredients, is a prominent contributor to the maleic anhydride market, particularly in the food and beverage industry. Sasol Limited is a global player with a significant presence in the U.S. maleic anhydride market, providing a range of chemical products. Moreover, few of the firms’ clutch enormous US Maleic Anhydride Market Revenues. Furthermore, the market also sees contributions from Ashland Global Holdings Inc., known for its innovations in specialty chemicals, including maleic anhydride derivatives. These key players, along with others such as Thirumalai Chemicals Ltd. and Polynt S.p.A., play a crucial role in shaping the US maleic anhydride market, driving innovation, ensuring product quality, and meeting the diverse needs of downstream industries.
The future of the US maleic anhydride market holds promising prospects marked by a confluence of sustainability, technological innovation, and diverse industrial applications. Anticipated trends include a continued emphasis on the development and adoption of bio-based maleic anhydride, aligning with the global shift towards eco-friendly and renewable chemical solutions. In addition, the market is poised to benefit from increased applications in high-value sectors such as construction, automotive, and agriculture, driven by the versatile nature of maleic anhydride derivatives. Innovations in production processes and the exploration of novel applications, including in renewable energy and advanced materials, are expected to contribute to the market's growth. Moreover, the government initiatives supporting sustainable practices and research and development in the chemical sector will likely shape the market's trajectory. As industries increasingly prioritize efficiency, cost-effectiveness, and environmental responsibility, the US maleic anhydride market remains poised for sustained growth, offering solutions that meet evolving industrial needs and global sustainability goals.
According to Ravi Bhandari, Research Head, 6Wresearch, the Maleic anhydride is produced through various processes, namely butane oxidation, benzene oxidation, or n-butane and benzene co-feed. Butane oxidation and benzene oxidation are the most widely used methods to produce maleic anhydride globally. However, the n-butane and benzene co-feed process is gaining popularity in recent years due to its more efficient and cost-effective production. This process uses a mixture of n-butane and benzene in a ratio of 6:1 as a feedstock, which reduces the operating and capital costs of the plant. Further, N-butane is a colorless gas that is widely used as a fuel, solvent, refrigerant, and feedstock for various chemical compounds. It is obtained from natural gas or petroleum refineries. N-butane is a crucial raw material for maleic anhydride production through the n-butane and benzene co-feed process. The availability of n-butane as a feedstock for maleic anhydride production contributes to the growth of the US maleic anhydride market.
There are several types of applications in which maleic anhydride is primarily used. One of them is in the production of unsaturated polyester resins (UPR). UPRs are the most widely employed thermosetting polymers utilized in the production of reinforced plastics, such as fiberglass composites. With the increasing consumption of reinforced plastics in various fields, including automotive, construction, and marine, the demand for UPR is surging rapidly. In turn, this demand drives the growth of the maleic anhydride market. Additionally, another significant application of maleic anhydride is in the production of copolymers. Copolymers are utilized in the manufacturing of different plastics, where they can enhance properties such as heat resistance, impact strength, and even light stability. They are also used in several other industries, including adhesives and coatings, which contributes to the upsurge in demand for maleic anhydride.
The US Maleic Anhydride market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 US Maleic Anhydride Market Overview |
3.1 US Country Macro Economic Indicators |
3.2 US Maleic Anhydride Market Revenues & Volume, 2021 & 2031F |
3.3 US Maleic Anhydride Market - Industry Life Cycle |
3.4 US Maleic Anhydride Market - Porter's Five Forces |
3.5 US Maleic Anhydride Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 US Maleic Anhydride Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 US Maleic Anhydride Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 US Maleic Anhydride Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 US Maleic Anhydride Market Trends |
6 US Maleic Anhydride Market, By Types |
6.1 US Maleic Anhydride Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 US Maleic Anhydride Market Revenues & Volume, By Raw Material, 2021 - 2031F |
6.1.3 US Maleic Anhydride Market Revenues & Volume, By N-Butane, 2021 - 2031F |
6.1.4 US Maleic Anhydride Market Revenues & Volume, By Benzene, 2021 - 2031F |
6.2 US Maleic Anhydride Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 US Maleic Anhydride Market Revenues & Volume, By Unsaturated Polyester Resin, 2021 - 2031F |
6.2.3 US Maleic Anhydride Market Revenues & Volume, By Copolymers, 2021 - 2031F |
6.2.4 US Maleic Anhydride Market Revenues & Volume, By Lubricant Additives, 2021 - 2031F |
6.2.5 US Maleic Anhydride Market Revenues & Volume, By Alkenyl Succinic Anhydrides, 2021 - 2031F |
6.2.6 US Maleic Anhydride Market Revenues & Volume, By Malic Acid, 2021 - 2031F |
6.2.7 US Maleic Anhydride Market Revenues & Volume, By Fumaric Acid, 2021 - 2031F |
6.3 US Maleic Anhydride Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 US Maleic Anhydride Market Revenues & Volume, By Construction, 2021 - 2031F |
6.3.3 US Maleic Anhydride Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.3.4 US Maleic Anhydride Market Revenues & Volume, By Food & Beverages, 2021 - 2031F |
6.3.5 US Maleic Anhydride Market Revenues & Volume, By Textile, 2021 - 2031F |
6.3.6 US Maleic Anhydride Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.3.7 US Maleic Anhydride Market Revenues & Volume, By Personal Care, 2021 - 2031F |
6.3.8 US Maleic Anhydride Market Revenues & Volume, By Others, 2021 - 2031F |
6.3.9 US Maleic Anhydride Market Revenues & Volume, By Others, 2021 - 2031F |
7 US Maleic Anhydride Market Import-Export Trade Statistics |
7.1 US Maleic Anhydride Market Export to Major Countries |
7.2 US Maleic Anhydride Market Imports from Major Countries |
8 US Maleic Anhydride Market Key Performance Indicators |
9 US Maleic Anhydride Market - Opportunity Assessment |
9.1 US Maleic Anhydride Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 US Maleic Anhydride Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 US Maleic Anhydride Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 US Maleic Anhydride Market - Competitive Landscape |
10.1 US Maleic Anhydride Market Revenue Share, By Companies, 2024 |
10.2 US Maleic Anhydride Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |