Maleic Anhydride (Ma) Market size was valued at USD 3.5 Billion in 2022 and is projected to reach USD 4.8 Billion by 2030, growing at a CAGR of 4.4% from 2024 to 2030.
The Asia Pacific Maleic Anhydride (MA) market has seen significant growth due to its versatile applications in various industries, such as unsaturated polyester resins (UPR), lubricating oil additives, the production of 1,4-butanediol (BDO), food industries, and other specialized segments. This report provides a detailed analysis of the market by application, highlighting key trends, opportunities, and subsegment developments. Maleic anhydride is a critical intermediate chemical used extensively across these sectors. It is important to understand the demand drivers, evolving technologies, and future growth prospects within each application area to capture emerging opportunities in the Asia Pacific region.
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Unsaturated polyester resins (UPR) are one of the largest and most significant applications of maleic anhydride in the Asia Pacific market. UPRs are primarily used in the manufacture of fiberglass-reinforced plastic (FRP), which finds wide applications in the construction, automotive, and marine industries. Maleic anhydride acts as a crucial building block for these resins, imparting the necessary crosslinking properties to improve the strength and durability of the final product. With the increasing demand for lightweight and corrosion-resistant materials, especially in the automotive and construction sectors, the demand for UPRs in the region has surged, driving the growth of the maleic anhydride market. The Asia Pacific region, known for its rapidly growing industrial and manufacturing sectors, is expected to continue to lead in the production and consumption of UPRs. The expanding automotive and infrastructure development projects in countries like China and India have further fueled the demand for these resins. Additionally, the demand for high-performance materials in the production of water tanks, pipes, and boat components continues to support the growth of UPRs. As industries increasingly adopt environmentally sustainable solutions, the role of maleic anhydride in the production of eco-friendly UPRs is likely to increase, offering lucrative opportunities for manufacturers in the region.
The production of 1,4-butanediol (BDO) is another significant application driving the demand for maleic anhydride in the Asia Pacific market. BDO is a vital industrial chemical used in the production of a variety of products, including spandex fibers, automotive plastics, and solvents. Maleic anhydride serves as a precursor in the production of BDO, specifically through the Reppe process, where it is reacted with hydrogen and carbon monoxide. As the demand for BDO continues to rise in the automotive, textile, and electronics industries, the Asia Pacific market is expected to witness substantial growth in the use of maleic anhydride for this purpose. The growing industrialization in countries like China and India, combined with the increasing consumer demand for products requiring BDO, has led to a robust market for maleic anhydride in BDO production. Additionally, the advancement of sustainable production methods for BDO, such as the use of renewable feedstocks, is likely to present new opportunities for maleic anhydride manufacturers in the region. The increased adoption of BDO in applications such as biodegradable plastics and eco-friendly textiles is expected to further boost the demand for maleic anhydride in the coming years.
Maleic anhydride is also widely used in the production of lubricating oil additives, a segment that plays a crucial role in the automotive and industrial machinery sectors. Lubricating oil additives, which are essential for enhancing the performance, stability, and longevity of lubricants, often contain maleic anhydride derivatives. These derivatives help to improve the detergent, dispersant, and anti-oxidant properties of lubricants, thus extending the life of engines and machinery. The increasing demand for high-performance and long-lasting lubricants in automotive and industrial applications in the Asia Pacific region has significantly contributed to the growth of this market segment. The Asia Pacific region is home to some of the world’s largest automotive manufacturers, which, in turn, drives the need for high-quality lubricants. With the rising adoption of advanced lubricants in both commercial and personal vehicles, the demand for maleic anhydride in lubricating oil additives is poised for significant growth. Additionally, the ongoing developments in the electric vehicle (EV) market are expected to create new opportunities for lubricants that cater to EV-specific requirements, further boosting the demand for maleic anhydride-based additives.
In the food industry, maleic anhydride plays a crucial role as a food additive, especially in the production of food-grade resins and emulsifiers. While its use is limited compared to other applications, maleic anhydride derivatives are often used to create food packaging materials that are more resistant to moisture and provide extended shelf life. Additionally, maleic anhydride is used in the production of certain food stabilizers and thickeners. With the increasing demand for packaged and processed foods in the Asia Pacific region, the role of maleic anhydride in food applications is expected to grow. As consumer demand for packaged goods continues to rise, particularly in emerging economies like India and China, the need for durable, cost-effective, and food-safe packaging materials is increasing. Maleic anhydride-based materials provide a solution to these needs, offering manufacturers a chance to innovate in packaging and food preservation technologies. The growing trend toward sustainable and eco-friendly food packaging is also expected to create new opportunities for the use of maleic anhydride in the food industry, as biodegradable and recyclable packaging materials become more widely adopted.
The "Others" category in the maleic anhydride market covers a wide range of specialized applications where maleic anhydride and its derivatives are used. These include applications in the production of agricultural chemicals, surfactants, and coatings, as well as in the manufacture of various pharmaceuticals and personal care products. Maleic anhydride is used in the synthesis of certain surfactants that are essential in the cleaning industry, while also being utilized in specific coatings that provide corrosion resistance and improve product durability. These niche applications contribute to the overall demand for maleic anhydride in the Asia Pacific market. The Asia Pacific region’s diverse industrial landscape presents numerous opportunities for the growth of maleic anhydride in these smaller, yet essential, market segments. As industries increasingly demand more sustainable and specialized chemicals, the role of maleic anhydride in the production of green chemicals and other innovative materials will continue to expand. As a result, the "Others" segment of the maleic anhydride market is expected to see steady growth, driven by evolving technological advancements and a push for environmentally friendly alternatives.
Some of the key trends currently shaping the Asia Pacific maleic anhydride market include the growing demand for eco-friendly and sustainable products, technological advancements in production methods, and the increasing focus on industrial applications such as the automotive and construction sectors. The shift towards green chemistry is influencing the way maleic anhydride is produced, with more manufacturers adopting renewable feedstocks and energy-efficient processes. Additionally, the rise of electric vehicles (EVs) and the associated demand for specialized lubricants and resins is creating new opportunities for maleic anhydride in automotive applications. Moreover, ongoing urbanization and infrastructure development in the region are boosting the demand for maleic anhydride-based products, particularly in the construction and industrial sectors.
The Asia Pacific maleic anhydride market presents numerous opportunities, particularly in emerging economies where industrialization is rapidly growing. As countries like China and India continue to develop their automotive, construction, and manufacturing sectors, the demand for maleic anhydride in applications such as UPRs, lubricating oil additives, and BDO production is expected to increase. Additionally, the growing emphasis on environmental sustainability and the use of eco-friendly materials opens new avenues for the use of maleic anhydride in producing biodegradable plastics, coatings, and packaging materials. Manufacturers who can innovate and adapt to these trends will be well-positioned to capture significant market share in the Asia Pacific region.
1. What is Maleic Anhydride used for? Maleic anhydride is primarily used in the production of unsaturated polyester resins, lubricating oil additives, and the production of 1,4-butanediol (BDO).
2. How is Maleic Anhydride produced? Maleic anhydride is typically produced by the oxidation of benzene or butane using a vanadium-based catalyst in the presence of oxygen.
3. What industries use Maleic Anhydride? Maleic anhydride is used across various industries, including automotive, construction, textiles, and food packaging.
4. What are the key applications of Maleic Anhydride in the automotive industry? Maleic anhydride is used in the production of lubricating oil additives, resins for composites, and other materials that enhance the durability and performance of vehicles.
5. Why is Maleic Anhydride important for the production of BDO? Maleic anhydride is a precursor in the production of 1,4-butanediol (BDO), which is essential in producing plastics, fibers, and solvents.
6. What are the environmental benefits of Maleic Anhydride? Maleic anhydride is used in the production of eco-friendly resins and biodegradable plastics, contributing to sustainable manufacturing practices.
7. Which countries in Asia Pacific are major consumers of Maleic Anhydride? Major consumers include China, India, Japan, and South Korea, driven by demand in the automotive, construction
Top Asia Pacific Maleic Anhydride (Ma) Market Companies
Mistsui Chemical
Flint Hills Resources
Elekeiroz SA
NIPPON SHOKUBAI
DSM
Zibo Qixiang Tengda Chemical
Tianjin Bohua Zhonghe Chemical
Huanghua Hongcheng Business
Ashland
YONGSAN CHEMICALS
INC
Shanxi Hengqiang Chemical
Shengyuan Group
CEPSA
Hongxin Chemical
Changzhou Yabang Chemical
Huntsman Corporation
Basf
Sasol-Huntsman
Mitsubishi Chemical
Korea PTG
LANXESS
Jiangsu Zhongteng Chemical
Jiangyin Shunfei Fine chemical
Zhejiang Jiangshan Chemical
Thirumalai Chemicals Ltd.
Qiaoyou Chemical
MOL Group
Bartek Ingredients
Polynt
Changzhou Shuguang Chemical
Regional Analysis of Asia Pacific Maleic Anhydride (Ma) Market
Asia Pacific (Global, China, and Japan, etc.)
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