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Part of: Maleic Anhydride Market (Global)

The China Maleic Anhydride Market was valued at $952 Million in 2026 and projected to reach to $1945.8 Million by 2031, representing a compound annual growth rate of 8.27%. China's maleic anhydride market is poised for substantial growth through 2031, driven by accelerating industrialization and rising consumption across key end-use industries.

China Maleic Anhydride Market (2026-2031) : Size and Share
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Market Size in USD 26.32 MN
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China Maleic Anhydride Market Trends and Insights

  • China's maleic anhydride sector is experiencing robust expansion driven by rising demand from polyester resin, coatings, and pharmaceutical applications.
  • By 2031, China's market is forecast to nearly double to $1,945.8 million, reflecting the country's position as a global manufacturing hub and its accelerating chemical production capacity. The 8.27% compound annual growth rate in China significantly outpaces global trends, underscoring the nation's strategic importance in the maleic anhydride supply chain.
  • China's growth is fueled by increased industrialization, automotive sector expansion, and rising consumption of unsaturated polyester resins in construction and composite materials.
  • Between 2026 and 2031, China is expected to capture substantial market share gains as domestic producers scale operations and export capabilities strengthen..

Key Market Statistics

  • CAGR (2026-2031) 8.27% CAGR
  • Market Size, 2026 ~USD 952 Million
  • Forecast, 2031 ~USD 1945.8 Million
  • Country China

China Maleic Anhydride Market Overview

Market Dominance in Asia Pacific :

China commands the largest share of the Asia Pacific maleic anhydride market, leveraging its advanced manufacturing infrastructure and cost-competitive production capabilities to maintain regional leadership.

Rapid Market Expansion :

China's maleic anhydride market is projected to nearly double from $952.0 million in 2026 to $1,945.8 million by 2031, representing an 8.27% CAGR and outpacing the global growth rate of 7.62%.

Diverse Application Demand :

Strong growth is driven by escalating demand across polyester resin manufacturing, coatings production, and pharmaceutical applications, reflecting China's diversified industrial base and expanding end-user sectors.

Global Manufacturing Hub Status :

China's position as a global manufacturing powerhouse continues to fuel maleic anhydride consumption, with domestic producers supplying both domestic industries and international export markets.

China Maleic Anhydride Market Dynamics

  • The country's robust polyester resin and coatings sectors, coupled with expanding pharmaceutical manufacturing, will sustain demand momentum.
  • Government initiatives supporting chemical industry modernization and sustainability standards are expected to encourage capacity investments and technological upgrades among Chinese producers. The market's near-doubling trajectory reflects China's strategic importance in global supply chains and increasing domestic consumption patterns.
  • Export opportunities remain strong as Chinese manufacturers leverage competitive advantages in production costs and scale.
  • However, environmental regulations and raw material price volatility may present challenges.
  • Overall, China's maleic anhydride market presents significant growth potential for stakeholders positioned to capitalize on regional expansion and evolving industrial applications..

Related Ecosystem

Bulk Chemicals And Inorganics

Top Technologies
  • Corrosion Inhibitors
  • Glycol Ethers
  • Acetic Acid
  • Acetone
  • Ammonium Nitrate
Top Companies
  • Basf se
  • DOW CHEMICAL COMPANY
  • Exxon Mobil Corporation
  • AZELIS HOLDINGS SA
  • Sinopec limited

    Key Takeaways

    • China's maleic anhydride market is valued at $952.0 million in 2026 and projected to reach $1,945.8 million by 2031.
    • China exhibits an 8.27% CAGR, outperforming the global average of 7.62%, driven by industrial expansion and polyester resin demand.
    • China's market is expected to nearly double in size over the five-year forecast period, reflecting strong domestic consumption and export growth.
    • China's position as a global manufacturing hub positions it as a critical supplier of maleic anhydride to regional and international markets.

    Maleic Anhydride Market Report Scope

    Report Metric Details
    Base Year 2026
    Fastest Growing Segment 1,4-BDO (Application)
    Forecast Period 2026–2031
    Growth Rate CAGR of 7.62% from 2026 to 2031
    Largest Segment N-BUTANE (Raw Material)
    Market Size Base Year (Billions) ~USD 1.96 (2026)
    Revenue Forecast (Billions) ~USD 2.83 (2031)
    Segments Covered Raw Material, Application

    China Maleic Anhydride Market Report Segmentation

    2 segment dimensions are covered across the global market.

    By Raw Material

    • Benzene
    • N-Butane

    By Application

    • 1,4-Bdo
    • Copolymers
    • Lubricating Oil Additives
    • Other Applications
    • Upr

    CHINA: MALEIC ANHYDRIDE MARKET, BY APPLICATION, 2026–2035

    Segment202620272028202920302035CAGR (%)
    1,4-BDO254.3277.5303.2332364.1597.99.96
    COPOLYMERS20.321.522.824.325.9376.91
    LUBRICATING OIL ADDITIVES76.980.684.789.294126.65.7
    OTHER APPLICATIONS25.827.228.730.432.344.96.37
    UPR574.7614.6658.5707760.81139.47.9
    TOTAL9521021.410981182.91277.11945.88.27

    Target Audience

    • Chemical Manufacturers & Producers : Chinese and international maleic anhydride producers need market-specific data to optimize production capacity, assess competitive positioning, and identify growth opportunities in their largest regional market.
    • End-Use Industry Buyers : Polyester resin, coatings, and pharmaceutical manufacturers in China require market intelligence to forecast raw material availability, plan procurement strategies, and understand pricing trends.
    • Investment & Private Equity Firms : Investors evaluating opportunities in China's chemical sector need detailed market projections and growth drivers to assess investment returns and identify acquisition or partnership targets.
    • Supply Chain & Logistics Providers : Distributors, traders, and logistics companies operating in China's maleic anhydride market need demand forecasts and market dynamics to optimize inventory, routing, and capacity planning.
    • Strategic Consultants & Analysts : Business consultants and market research professionals require China-specific data to support client advisory services, competitive analysis, and market entry strategies in the chemical industry.

    Key Companies in the China Maleic Anhydride Market

    CompanyHQOwnershipStrongest segments
    HELM AGGermanyPrivate CompanyBasic chemicals, acids and lyes,Plastics and polyurethanes,Crop protection and fertilizers,
    BOREALIS AGUnited StatesPrivate CompanyPolyethylene solutions,Polypropylene solutions,Recyclates and circular solutions,
    WANHUA CHEMICAL GROUP CO., LTD.ChinaPublic CompanyPolyurethane (isocyanates, polyether polyols, TPU elastomers),Petrochemical (olefin derivatives, ethylene, chlorine chain),Fine Chemicals and New Materials,
    HUNTSMAN INTERNATIONAL LLCUnited StatesPrivate CompanyMDI, polyols, and polyurethane systems,Thermoplastic polyurethane and related intermediates (aniline, benzene, nitrobenzene),Amines, maleic anhydride, and carbonates,
    ZIBO QIXIANG TENGDA CHEMICAL CO., LTD.ChinaPublic CompanyC4 chain (butadiene, rubber, MEK, related derivatives),Propylene and propylene derivatives (propylene oxide, MTBE, tert-butanol),Acrylics and methacrylates (acrylic acid, methyl methacrylate, nitrile latex),
    LANXESS AGGermanyPublic CompanyConsumer Protection (material protection, disinfectants, hygiene, preservatives, flavors, liquid purification),Specialty Additives (additives, lubricants, flame retardants, plasticizers, bromine derivatives),Advanced Intermediates (basic and fine chemicals, organometallics, inorganic pigments),
    TN MALEIK PETROKIMYA A.S.TurkeyBulk Maleic Anhydride,Maleic Anhydride Derivatives (Resins, Additives, Intermediates),Custom and Contract Manufacturing / Tolling,
    UPC TECHNOLOGY CORPORATIONTaiwanPublic CompanyCommodity plasticizers (incl. phthalate-based),Specialty and non-phthalate plasticizers (incl. bio-based, polymeric, adipate, trimellitate, linear),Anhydrides and acids (phthalic, maleic) and polyester polyols,

    HELM AG

    HELM AG is a private chemical company founded in Germany in 1900 with 1,430 employees. The company operates as an established player in the chemical industry with over a century of operational history.

    BOREALIS AG

    BOREALIS AG is a private chemical company based in the United States, founded in 1994 and employing 5,887 people. The company operates in the chemical sector with significant workforce presence.

    WANHUA CHEMICAL GROUP CO., LTD.

    WANHUA CHEMICAL GROUP CO., LTD. is a publicly traded Chinese chemical company founded in 1978 with 30,772 employees. As one of China's largest chemical enterprises, the company maintains substantial operations and market presence.

    HUNTSMAN INTERNATIONAL LLC

    HUNTSMAN INTERNATIONAL LLC is a private American chemical company established in 1970 with approximately 6,000 employees. The company operates as a significant player in the chemical manufacturing industry.

    ZIBO QIXIANG TENGDA CHEMICAL CO., LTD.

    ZIBO QIXIANG TENGDA CHEMICAL CO., LTD. is a publicly traded Chinese chemical company founded in 2002 with 3,457 employees. The company operates as a significant chemical manufacturer in China.

    LANXESS AG

    LANXESS AG is a publicly traded German chemical company founded in 1863 with 11,630 employees. The company is an established global player in the chemical industry with over 150 years of operational history.

    TN MALEIK PETROKIMYA A.S.

    Insufficient data provided for company description.

    UPC TECHNOLOGY CORPORATION

    UPC TECHNOLOGY CORPORATION is a publicly traded Taiwanese technology company founded in 1976 with 247 employees. The company operates in the technology sector with a focused workforce.

    Reasons to Buy this Report

    • Quantified Growth Projections : Access precise market sizing data showing China's maleic anhydride market expanding from $952M to $1,945.8M by 2031, enabling accurate business planning and investment decisions for the region.
    • Competitive Advantage Intelligence : Understand China's market dynamics, manufacturing capabilities, and competitive positioning relative to global markets, helping identify opportunities for market entry, partnerships, or expansion strategies.
    • End-Use Application Insights : Gain detailed understanding of demand drivers across polyester resin, coatings, and pharmaceutical sectors in China, allowing targeted product development and marketing strategies for specific industries.
    • Supply Chain Optimization : Leverage China-specific market intelligence to optimize sourcing strategies, identify key suppliers, and assess supply chain risks in the world's largest maleic anhydride market.
    • Strategic Investment Guidance : Make informed capital allocation decisions with comprehensive China market analysis, including growth trajectories, regulatory environment, and emerging opportunities for manufacturing or distribution expansion.

    Frequently asked questions

    What is the current market size of maleic anhydride in China?

    China's maleic anhydride market is estimated at $952.0 million in 2026, making it a significant regional market within Asia Pacific.

    What is the projected market size for maleic anhydride in China by 2031?

    China's maleic anhydride market is forecast to reach $1,945.8 million by 2031, representing nearly a doubling of market value.

    What is the CAGR for maleic anhydride in China?

    China's maleic anhydride market is expected to grow at a compound annual growth rate of 8.27% from 2026 to 2031.

    What are the primary drivers of growth in China's maleic anhydride market?

    China's growth is driven by increased industrialization, automotive sector expansion, rising polyester resin consumption, and strengthening export capabilities.

    How does China's maleic anhydride market compare to global trends?

    China's 8.27% CAGR outpaces the global average of 7.62%, reflecting the country's accelerating chemical production and manufacturing dominance.

    RESEARCH METHODOLOGY

    The study involved four major activities in estimating the market size for maleic anhydride. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

    Secondary Research

    Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold-standard and silver-standard websites, such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research, which involved conducting extensive interviews with key officials, including CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

    Primary Research

    The maleic anhydride market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

    Maleic Anhydride Market Size, and Share

    Notes: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2024/2025, available in the public domain, product portfolios, and geographical presence.

    COMPANY NAME

    DESIGNATION

    Lanxess AG

    Senior Manager

    Polynt Group

    Innovation Manager

    Wanhua Chemical Group Co., Ltd.

    Vice-President

    Huntsman International LLC

    Production Supervisor

    PETRONAS Chemicals Group Berhad (PCG)

    Sales Manager

    To know about the assumptions considered for the study, download the pdf brochure

    Market Size Estimation

    Both top-down and bottom-up approaches were used to estimate and validate the total size of the maleic anhydride market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

    • The key players in the industry have been identified through extensive secondary research.
    • The supply chain of the industry has been determined through primary and secondary research.
    • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
    • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

    Maleic Anhydride Market Top Down and Bottom Up Approach

    Data Triangulation

    After determining the overall market size using the market size estimation processes explained above, the market was divided into several segments and subsegments. To complete the overall market engineering process and determine the exact statistics for each market segment and subsegment, data triangulation and market breakdown procedures were employed, as applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the maleic anhydride industry.

    Market Definition

    According to the American Chemistry Council, maleic anhydride is an organic compound produced primarily through the oxidation of hydrocarbons such as n-butane or benzene and is widely used as a chemical intermediate. In market terms, maleic anhydride refers to the global production and consumption of this compound for applications including unsaturated polyester resins, coatings, lubricants, and agricultural chemicals, driven by its high reactivity and versatility in polymer and specialty chemical manufacturing.

    Key Stakeholders

    • Maleic Anhydride Manufacturers
    • Maleic Anhydride Distributors
    • Raw Material Suppliers
    • End-use Industries
    • Government and Research Organizations

    Report Objectives

    • To analyze and forecast the size of the global maleic anhydride market in terms of value and volume
    • To provide detailed information about the major drivers, restraints, challenges, and opportunities influencing the market growth
    • To define, describe, and segment the market based on raw material, application, and region    
    • To forecast the size of the market segments based on regions such as Asia Pacific, North America, Europe, the Middle East & Africa, and South America
    • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
    • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contributions to the overall market
    • To identify and analyze opportunities for stakeholders in the market
    • To analyze competitive developments such as mergers, acquisitions, collaborations, expansions and partnerships in the market
    • To strategically profile the key companies and comprehensively analyze their core competencies

    Available customizations:

    Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

    Regional Analysis

    • Further breakdown of a region with respect to a particular country or additional application

    Company Information

    • Detailed analysis and profiles of additional market players (up to five)

     

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