In 2026, the global Maleic Anhydride (MA) market is defined by a significant divergence: aggressive capacity expansion in Asia—particularly China—contrasting with strategic consolidation and plant closures in Western markets. The industry has fully transitioned to n-butane oxidation, which now accounts for over 90% of global production due to its superior cost-efficiency and lower environmental footprint compared to the legacy benzene route.
The Global Maleic Anhydride Market was valued at approximately USD 5.12 Billion in 2025 and is projected to reach USD 8.24 Billion by the year 2036, growing at a CAGR of 4.4% globally.
The market is increasingly segmented by physical form and specialized high-growth chemical derivatives.
| Segment Category | Key Sub-segments |
| By Raw Material | N-Butane (Dominant & Fastest Growing), Benzene |
| By Application | UPR (Largest Share), 1,4-BDO, Lubricant Additives, Copolymers (SMA/EMA), Malic & Fumaric Acid, Surfactants |
| By End-Use Industry | Construction (Infrastructure & Marble), Automotive (Composites), Marine, Agriculture (Pesticides), Food & Beverage |
| By Physical Form | Molten (Liquid), Solid (Flakes/Briquets/Pellets) |
The following players represent the current mix of integrated petrochemical giants and regional specialists:
Huntsman Corporation (U.S.): A global leader despite recent European rationalization (Moers plant closure).
BASF SE (Germany): Focusing on vertical integration within its Verbund sites for BDO and plasticizers.
Polynt-Reichhold Group (Italy/U.S.): A major downstream consumer and producer of MA-based resins.
Lanxess AG (Germany): Strong focus on high-performance additives and copolymers.
Zibo Qixiang Tengda (China): One of the largest producers globally, leveraging massive n-butane capacity.
Hengli Petrochemical (China): Operates the world’s largest single-site MA installation (630 ktpa).
Thirumalai Chemicals (India): Expanding globally with a new 25 ktpa n-butane plant in West Virginia (2026).
Indian Oil Corporation (IOCL): Recently entered the market with a large-scale 120 ktpa plant at Panipat to reduce import dependency.
Nippon Shokubai (Japan): Known for high-purity MA for specialized chemical intermediates.
Asia-Pacific (69% Market Share): The undisputed global hub. China commands over 85% of global capacity, though 2026 sees low utilization rates (~55%) due to massive oversupply. India has emerged as the world's largest consumer and a key destination for global exports.
North America: Stability is driven by the EV Battery Enclosure market, which utilizes MA-based composites for lightweighting.
Europe: Faces "structural deindustrialization" pressures. The region is increasingly reliant on competitively priced imports from Asia as local production costs for benzene-based plants remain high.
Bargaining Power of Suppliers (Moderate): N-butane availability is tied to shale gas and LPG markets; feedstock costs are the primary driver of MA pricing.
Bargaining Power of Buyers (High): Due to the global oversupply glut, buyers in the UPR and BDO sectors currently hold significant pricing leverage.
Threat of New Entrants (Low): High capital intensity and the shift toward massive integrated complexes make independent entry nearly impossible.
Competitive Rivalry (Extremely High): Intense price wars are occurring as Chinese producers export surplus volumes to global markets.
Strengths: Essential for UPR production; n-butane route offers 20% better yields than benzene.
Weaknesses: Highly sensitive to crude oil and LPG price swings; chronic overcapacity in Asia.
Opportunities: Biodegradable Plastics (PBAT/PBS) which use BDO (from MA) as a core building block.
Threats: Stricter benzene emission regulations (OECD); potential 25% trade tariffs between major trade blocs.
Driver: The EV Lightweighting Trend. Sheet-molding-compound (SMC) battery enclosures require high-strength UPR, significantly boosting per-vehicle MA consumption.
Trend: Bio-based Maleic Anhydride. Commercialization of MA derived from biomass fermentation is gaining traction as brands seek "Net Zero" chemical certifications.
Challenge: Supply-Demand Imbalance. The addition of ~1.5 million tons of capacity in China during 2024–2025 has compressed margins to historical lows in early 2026.
For Producers: Prioritize vertical integration into downstream BDO or Malic Acid to capture value beyond the volatile merchant MA market.
For Investors: Target companies with n-butane feedstock proximity, particularly in the U.S. Gulf Coast or Middle East.
For End-Users: 2026 is an optimal window to lock in long-term supply contracts while global prices are suppressed by Asian overcapacity.
1. Market Overview of Maleic Anhydride
1.1 Maleic Anhydride Market Overview
1.1.1 Maleic Anhydride Product Scope
1.1.2 Market Status and Outlook
1.2 Maleic Anhydride Market Size by Regions:
1.3 Maleic Anhydride Historic Market Size by Regions
1.4 Maleic Anhydride Forecasted Market Size by Regions
1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
1.5.1 North America
1.5.2 East Asia
1.5.3 Europe
1.5.4 South Asia
1.5.5 Southeast Asia
1.5.6 Middle East
1.5.7 Africa
1.5.8 Oceania
1.5.9 South America
1.5.10 Rest of the World
1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
1.6.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2021 Projections
1.6.2 Covid-19 Impact: Commodity Prices Indices
1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Maleic Anhydride Sales Market by Type
2.1 Global Maleic Anhydride Historic Market Size by Type
2.2 Global Maleic Anhydride Forecasted Market Size by Type
2.3 N-Butane
2.4 Benzene
2.5 Others
3. Covid-19 Impact Maleic Anhydride Sales Market by Application
3.1 Global Maleic Anhydride Historic Market Size by Application
3.2 Global Maleic Anhydride Forecasted Market Size by Application
3.3 UPR(Unsaturated Polyester Resin)
3.4 Additives
3.5 Copolymers
3.6 1
3.7 4-BDO(Butanediol)
3.8 Others
4. Covid-19 Impact Market Competition by Manufacturers
4.1 Global Maleic Anhydride Production Capacity Market Share by Manufacturers
4.2 Global Maleic Anhydride Revenue Market Share by Manufacturers
4.3 Global Maleic Anhydride Average Price by Manufacturers
5. Company Profiles and Key Figures in Maleic Anhydride Business
5.1 A.B Enterprises
5.1.1 A.B Enterprises Company Profile
5.1.2 A.B Enterprises Maleic Anhydride Product Specification
5.1.3 A.B Enterprises Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.2 Adarsh Chemicals
5.2.1 Adarsh Chemicals Company Profile
5.2.2 Adarsh Chemicals Maleic Anhydride Product Specification
5.2.3 Adarsh Chemicals Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.3 Associated Agencies Corporation
5.3.1 Associated Agencies Corporation Company Profile
5.3.2 Associated Agencies Corporation Maleic Anhydride Product Specification
5.3.3 Associated Agencies Corporation Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.4 Bartek Ingredients
5.4.1 Bartek Ingredients Company Profile
5.4.2 Bartek Ingredients Maleic Anhydride Product Specification
5.4.3 Bartek Ingredients Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.5 BASF Antwerp Pvt Company
5.5.1 BASF Antwerp Pvt Company Company Profile
5.5.2 BASF Antwerp Pvt Company Maleic Anhydride Product Specification
5.5.3 BASF Antwerp Pvt Company Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.6 Changzhou Yabang Chemicals
5.6.1 Changzhou Yabang Chemicals Company Profile
5.6.2 Changzhou Yabang Chemicals Maleic Anhydride Product Specification
5.6.3 Changzhou Yabang Chemicals Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.7 CONMED Corporation
5.7.1 CONMED Corporation Company Profile
5.7.2 CONMED Corporation Maleic Anhydride Product Specification
5.7.3 CONMED Corporation Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.8 Flint Hills Resources
5.8.1 Flint Hills Resources Company Profile
5.8.2 Flint Hills Resources Maleic Anhydride Product Specification
5.8.3 Flint Hills Resources Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.9 Harshlaxmi Industries
5.9.1 Harshlaxmi Industries Company Profile
5.9.2 Harshlaxmi Industries Maleic Anhydride Product Specification
5.9.3 Harshlaxmi Industries Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.10 Huntsman Performance Products
5.10.1 Huntsman Performance Products Company Profile
5.10.2 Huntsman Performance Products Maleic Anhydride Product Specification
5.10.3 Huntsman Performance Products Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.11 Kawasaki Kasei Chemicals
5.11.1 Kawasaki Kasei Chemicals Company Profile
5.11.2 Kawasaki Kasei Chemicals Maleic Anhydride Product Specification
5.11.3 Kawasaki Kasei Chemicals Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.12 Lanxess Corporation
5.12.1 Lanxess Corporation Company Profile
5.12.2 Lanxess Corporation Maleic Anhydride Product Specification
5.12.3 Lanxess Corporation Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.13 Lonaza Group
5.13.1 Lonaza Group Company Profile
5.13.2 Lonaza Group Maleic Anhydride Product Specification
5.13.3 Lonaza Group Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.14 Mahavir Interchem Limited
5.14.1 Mahavir Interchem Limited Company Profile
5.14.2 Mahavir Interchem Limited Maleic Anhydride Product Specification
5.14.3 Mahavir Interchem Limited Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.15 Synthon BV Pvt Ltd.
5.15.1 Synthon BV Pvt Ltd. Company Profile
5.15.2 Synthon BV Pvt Ltd. Maleic Anhydride Product Specification
5.15.3 Synthon BV Pvt Ltd. Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.16 TCL Industries
5.16.1 TCL Industries Company Profile
5.16.2 TCL Industries Maleic Anhydride Product Specification
5.16.3 TCL Industries Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.17 Thirumalai Chemicals
5.17.1 Thirumalai Chemicals Company Profile
5.17.2 Thirumalai Chemicals Maleic Anhydride Product Specification
5.17.3 Thirumalai Chemicals Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.18 Varitronics
5.18.1 Varitronics Company Profile
5.18.2 Varitronics Maleic Anhydride Product Specification
5.18.3 Varitronics Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.19 Yongsan Chemicals
5.19.1 Yongsan Chemicals Company Profile
5.19.2 Yongsan Chemicals Maleic Anhydride Product Specification
5.19.3 Yongsan Chemicals Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.20 Zibo Qixiang Tengda Chemical
5.20.1 Zibo Qixiang Tengda Chemical Company Profile
5.20.2 Zibo Qixiang Tengda Chemical Maleic Anhydride Product Specification
5.20.3 Zibo Qixiang Tengda Chemical Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.21 MOL Hungarian Oil and Gas
5.21.1 MOL Hungarian Oil and Gas Company Profile
5.21.2 MOL Hungarian Oil and Gas Maleic Anhydride Product Specification
5.21.3 MOL Hungarian Oil and Gas Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.22 Nippon Shokubai
5.22.1 Nippon Shokubai Company Profile
5.22.2 Nippon Shokubai Maleic Anhydride Product Specification
5.22.3 Nippon Shokubai Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.23 NOF Corporation
5.23.1 NOF Corporation Company Profile
5.23.2 NOF Corporation Maleic Anhydride Product Specification
5.23.3 NOF Corporation Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
5.24 Paras Export
5.24.1 Paras Export Company Profile
5.24.2 Paras Export Maleic Anhydride Product Specification
5.24.3 Paras Export Maleic Anhydride Production Capacity, Revenue, Price and Gross Margin
6. North America
6.1 North America Maleic Anhydride Market Size
6.2 North America Maleic Anhydride Key Players in North America
6.3 North America Maleic Anhydride Market Size by Type
6.4 North America Maleic Anhydride Market Size by Application
7. East Asia
7.1 East Asia Maleic Anhydride Market Size
7.2 East Asia Maleic Anhydride Key Players in North America
7.3 East Asia Maleic Anhydride Market Size by Type
7.4 East Asia Maleic Anhydride Market Size by Application
8. Europe
8.1 Europe Maleic Anhydride Market Size
8.2 Europe Maleic Anhydride Key Players in North America
8.3 Europe Maleic Anhydride Market Size by Type
8.4 Europe Maleic Anhydride Market Size by Application
9. South Asia
9.1 South Asia Maleic Anhydride Market Size
9.2 South Asia Maleic Anhydride Key Players in North America
9.3 South Asia Maleic Anhydride Market Size by Type
9.4 South Asia Maleic Anhydride Market Size by Application
10. Southeast Asia
10.1 Southeast Asia Maleic Anhydride Market Size
10.2 Southeast Asia Maleic Anhydride Key Players in North America
10.3 Southeast Asia Maleic Anhydride Market Size by Type
10.4 Southeast Asia Maleic Anhydride Market Size by Application
11. Middle East
11.1 Middle East Maleic Anhydride Market Size
11.2 Middle East Maleic Anhydride Key Players in North America
11.3 Middle East Maleic Anhydride Market Size by Type
11.4 Middle East Maleic Anhydride Market Size by Application
12. Africa
12.1 Africa Maleic Anhydride Market Size
12.2 Africa Maleic Anhydride Key Players in North America
12.3 Africa Maleic Anhydride Market Size by Type
12.4 Africa Maleic Anhydride Market Size by Application
13. Oceania
13.1 Oceania Maleic Anhydride Market Size
13.2 Oceania Maleic Anhydride Key Players in North America
13.3 Oceania Maleic Anhydride Market Size by Type
13.4 Oceania Maleic Anhydride Market Size by Application
14. South America
14.1 South America Maleic Anhydride Market Size
14.2 South America Maleic Anhydride Key Players in North America
14.3 South America Maleic Anhydride Market Size by Type
14.4 South America Maleic Anhydride Market Size by Application
15. Rest of the World
15.1 Rest of the World Maleic Anhydride Market Size
15.2 Rest of the World Maleic Anhydride Key Players in North America
15.3 Rest of the World Maleic Anhydride Market Size by Type
15.4 Rest of the World Maleic Anhydride Market Size by Application
16 Maleic Anhydride Market Dynamics
16.1 Covid-19 Impact Market Top Trends
16.2 Covid-19 Impact Market Drivers
16.3 Covid-19 Impact Market Challenges
16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
18.1 Research Methodology
18.1.1 Methodology/Research Approach
18.1.2 Data Source
18.2 Disclaimer
The market is increasingly segmented by physical form and specialized high-growth chemical derivatives.
| Segment Category | Key Sub-segments |
| By Raw Material | N-Butane (Dominant & Fastest Growing), Benzene |
| By Application | UPR (Largest Share), 1,4-BDO, Lubricant Additives, Copolymers (SMA/EMA), Malic & Fumaric Acid, Surfactants |
| By End-Use Industry | Construction (Infrastructure & Marble), Automotive (Composites), Marine, Agriculture (Pesticides), Food & Beverage |
| By Physical Form | Molten (Liquid), Solid (Flakes/Briquets/Pellets) |
The following players represent the current mix of integrated petrochemical giants and regional specialists:
Huntsman Corporation (U.S.): A global leader despite recent European rationalization (Moers plant closure).
BASF SE (Germany): Focusing on vertical integration within its Verbund sites for BDO and plasticizers.
Polynt-Reichhold Group (Italy/U.S.): A major downstream consumer and producer of MA-based resins.
Lanxess AG (Germany): Strong focus on high-performance additives and copolymers.
Zibo Qixiang Tengda (China): One of the largest producers globally, leveraging massive n-butane capacity.
Hengli Petrochemical (China): Operates the world’s largest single-site MA installation (630 ktpa).
Thirumalai Chemicals (India): Expanding globally with a new 25 ktpa n-butane plant in West Virginia (2026).
Indian Oil Corporation (IOCL): Recently entered the market with a large-scale 120 ktpa plant at Panipat to reduce import dependency.
Nippon Shokubai (Japan): Known for high-purity MA for specialized chemical intermediates.
Upto 24 to 48 hrs (Working Hours)
Upto 72 hrs max (Working Hours) - Weekends and Public Holidays
Single User License - Allows access to only one person to the report.
Multi User License - Allows sharing with max 5 persons within organization.
Corporate License – Can be shared across entire organization.
Online Payments with PayPal
Wire Transfer / Bank Transfer
At ChemReports, we understand that business decisions can’t wait. Our research specialists are available anytime to answer your queries and guide you through our reports, ensuring quick and reliable assistance.
ChemReports provides 360° market analysis across materials, technologies, and global chemical sectors—helping you make confident business decisions.
We turn complex data into strategic insights to support fact-based decisions, market entry strategies, and competitive analysis.
Your personal and business information is completely secure with us. We value your trust and ensure strict confidentiality.
Need tailored insights? Our analysts provide custom reports built on authentic data and aligned with your specific business goals.