The Latin America, Middle East and Africa Maleic Anhydride Market would witness market growth of 5.6% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 325.1 Kilo Tonnes, showcasing a growth of 3.5% (2024-2031).
N-Butane serves as a crucial raw material in the Maleic Anhydride market, playing a significant role in the production process. As one of the primary feedstocks for the catalytic oxidation of butane to Maleic Anhydride, its availability and cost have a direct impact on the profitability and competitiveness of Maleic Anhydride manufacturers. The demand for n-butane is influenced by various factors including industrial growth, energy prices, and regulatory policies. Thus, the UAE market utilized 25.95 Kilo Tonnes of n-Butane as raw material in the market in 2023.
The Brazil market dominated the LAMEA Maleic Anhydride Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $122.2 million by 2031. The Argentina market is showcasing a CAGR of 6.8% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 5.3% during (2024 - 2031).
In the textiles industry, maleic anhydride-based chemicals are used as finishing agents, sizing agents, and dyeing assistants to improve the quality, performance, and appearance of fibers, fabrics, and garments. Maleic anhydride derivatives enhance adhesion, color fastness, and wrinkle resistance in textile applications. Likewise, maleic anhydride is utilized in the electronics industry to produce printed circuit boards (PCBs), encapsulants, adhesives, and coatings. Specialty resins derived from maleic anhydride offer thermal stability, flame retardancy, and electrical insulation properties, meeting the stringent requirements of electronic applications.
Additionally, the maleic anhydride market is subject to various trends that shape its growth trajectory and market dynamics. For example, with increasing environmental concerns and sustainability goals, there is a growing trend toward developing and adopting bio-based maleic anhydride derived from renewable feedstocks. Bio-based maleic anhydride offers environmental benefits and reduces dependence on fossil fuels, aligning with the circular economy principles. Manufacturers are investing in research and development to commercialize bio-based production processes for maleic anhydride.
The growth of the construction industry in Brazil may drive innovation in building materials and construction techniques that utilize maleic anhydride-based resins. Manufacturers may invest in research and development to develop advanced formulations, sustainable materials, and cost-effective solutions to meet the evolving needs of the construction sector. As per the Government of Brazil 2021, the construction sector generated R$377.8 billion in value in 2021, with R$355.8 billion in works & services and R$22.0 billion in developments (5.8%). In conclusion, the rising construction sector and expansion of the chemical industry in the region is propelling the growth of the market.
Free Valuable Insights: The Worldwide Maleic Anhydride Market is Projected to reach USD 5.5 Billion by 2031, at a CAGR of 4.1%
Based on Raw Material, the market is segmented into N-Butane and Benzene. Based on Application, the market is segmented into Unsaturated Polyester Resins (UPR), 1,4-butanediol (BDO), Lubricating Oil Additives, Copolymers and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Huntsman Corporation
- Mitsubishi Chemical Holdings Corporation
- Lanxess AG
- Nan Ya Plastics Corp. (NPC)
- Nippon Shokubai Co., Ltd.
- IG Petrochemicals Limited (IGPL)
- China National BlueStar (Group) Co, Ltd. (China National Chemical Corporation)
- Yongsan Chemical Co., Ltd.
- Aekyung Chemical Co., Ltd. (AK Holdings Co., Ltd.)
- Ningbo Jiangning Chemical Co., Ltd. (Zhejiang Jiangshan Chemical Co., Ltd.)
LAMEA Maleic Anhydride Market Report Segmentation
By Raw Material (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Unsaturated Polyester Resins (UPR)
- 1,4-butanediol (BDO)
- Lubricating Oil Additives
- Copolymers
- Others
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 3 LAMEA Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 4 LAMEA Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 5 LAMEA Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 6 LAMEA Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 7 LAMEA Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 8 LAMEA Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 9 LAMEA N-Butane Market by Country, 2020 - 2023, USD Million
TABLE 10 LAMEA N-Butane Market by Country, 2024 - 2031, USD Million
TABLE 11 LAMEA N-Butane Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12 LAMEA N-Butane Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13 LAMEA Benzene Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA Benzene Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA Benzene Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16 LAMEA Benzene Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17 LAMEA Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 18 LAMEA Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 19 LAMEA Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 20 LAMEA Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 21 LAMEA Unsaturated Polyester Resins (UPR) Market by Country, 2020 - 2023, USD Million
TABLE 22 LAMEA Unsaturated Polyester Resins (UPR) Market by Country, 2024 - 2031, USD Million
TABLE 23 LAMEA Unsaturated Polyester Resins (UPR) Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24 LAMEA Unsaturated Polyester Resins (UPR) Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25 LAMEA 1,4-butanediol (BDO) Market by Country, 2020 - 2023, USD Million
TABLE 26 LAMEA 1,4-butanediol (BDO) Market by Country, 2024 - 2031, USD Million
TABLE 27 LAMEA 1,4-butanediol (BDO) Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 28 LAMEA 1,4-butanediol (BDO) Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 29 LAMEA Lubricating Oil Additives Market by Country, 2020 - 2023, USD Million
TABLE 30 LAMEA Lubricating Oil Additives Market by Country, 2024 - 2031, USD Million
TABLE 31 LAMEA Lubricating Oil Additives Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 32 LAMEA Lubricating Oil Additives Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 33 LAMEA Copolymers Market by Country, 2020 - 2023, USD Million
TABLE 34 LAMEA Copolymers Market by Country, 2024 - 2031, USD Million
TABLE 35 LAMEA Copolymers Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36 LAMEA Copolymers Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 38 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 39 LAMEA Others Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40 LAMEA Others Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41 LAMEA Maleic Anhydride Market by Country, 2020 - 2023, USD Million
TABLE 42 LAMEA Maleic Anhydride Market by Country, 2024 - 2031, USD Million
TABLE 43 LAMEA Maleic Anhydride Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44 LAMEA Maleic Anhydride Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45 Brazil Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 46 Brazil Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 47 Brazil Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 48 Brazil Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 49 Brazil Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 50 Brazil Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 51 Brazil Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 52 Brazil Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 53 Brazil Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 54 Brazil Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 55 Brazil Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 56 Brazil Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 57 Argentina Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 58 Argentina Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 59 Argentina Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 60 Argentina Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 61 Argentina Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 62 Argentina Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 63 Argentina Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 64 Argentina Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 65 Argentina Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 66 Argentina Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 67 Argentina Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 68 Argentina Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 69 UAE Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 70 UAE Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 71 UAE Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 72 UAE Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 73 UAE Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 74 UAE Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 75 UAE Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 76 UAE Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 77 UAE Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 78 UAE Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 79 UAE Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 80 UAE Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 81 Saudi Arabia Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 82 Saudi Arabia Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 83 Saudi Arabia Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 84 Saudi Arabia Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 85 Saudi Arabia Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 86 Saudi Arabia Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 87 Saudi Arabia Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 88 Saudi Arabia Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 89 Saudi Arabia Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 90 Saudi Arabia Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 91 Saudi Arabia Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 92 Saudi Arabia Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 93 South Africa Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 94 South Africa Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 95 South Africa Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 96 South Africa Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 97 South Africa Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 98 South Africa Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 99 South Africa Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 100 South Africa Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 101 South Africa Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 102 South Africa Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 103 South Africa Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 104 South Africa Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 105 Nigeria Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 106 Nigeria Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 107 Nigeria Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 108 Nigeria Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 109 Nigeria Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 110 Nigeria Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 111 Nigeria Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 112 Nigeria Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 113 Nigeria Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 114 Nigeria Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 115 Nigeria Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 116 Nigeria Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 117 Rest of LAMEA Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 118 Rest of LAMEA Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 119 Rest of LAMEA Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 120 Rest of LAMEA Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 121 Rest of LAMEA Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 122 Rest of LAMEA Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 123 Rest of LAMEA Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 124 Rest of LAMEA Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 125 Rest of LAMEA Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 126 Rest of LAMEA Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 127 Rest of LAMEA Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 128 Rest of LAMEA Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 129 key Information – Huntsman Corporation
TABLE 130 Key Information – MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 131 Key Information – Lanxess AG
TABLE 132 Key Information – Nan Ya Plastics Corp. (NPC)
TABLE 133 Key Information – Nippon Shokubai Co., Ltd.
TABLE 134 Key Information – IG Petrochemicals Limited (IGPL)
TABLE 135 Key Information – China National BlueStar (Group) Co, Ltd.
TABLE 136 Key Information –Yongsan Chemical Co., Ltd.
TABLE 137 Key Information – Aekyung Chemical Co., Ltd.
TABLE 138 Key Information – Ningbo Jiangning Chemical Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Maleic Anhydride Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Maleic Anhydride Market
FIG 4 Porter’s Five Forces Analysis - Maleic Anhydride Market
FIG 5 LAMEA Maleic Anhydride Market share by Raw Material, 2023
FIG 6 LAMEA Maleic Anhydride Market share by Raw Material, 2031
FIG 7 LAMEA Maleic Anhydride Market by Raw Material, 2020 - 2031, USD Million
FIG 8 LAMEA Maleic Anhydride Market share by Application, 2023
FIG 9 LAMEA Maleic Anhydride Market share by Application, 2031
FIG 10 LAMEA Maleic Anhydride Market by Application, 2020 - 2031, USD Million
FIG 11 LAMEA Maleic Anhydride Market share by Country, 2023
FIG 12 LAMEA Maleic Anhydride Market share by Country, 2031
FIG 13 LAMEA Maleic Anhydride Market by Country, 2020 - 2031, USD Million
FIG 14 SWOT Analysis: Huntsman Corporation
FIG 15 SWOT Analysis: Mitsubishi Chemical Holdings Corporation
FIG 16 Swot Analysis: Lanxess AG
FIG 17 Swot Analysis: Nan Ya Plastics Corp. (NPC)
FIG 18 SWOT Analysis: Nippon Shokubai Co., Ltd.
FIG 19 Swot Analysis: IG Petrochemicals Limited (IGPL)
FIG 20 Swot Analysis: China National BlueStar (Group) Co, Ltd.
FIG 21 Swot Analysis: Yongsan Chemical Co., Ltd.
FIG 22 Swot Analysis: Aekyung Chemical Co., Ltd.
FIG 23 Swot Analysis: Ningbo Jiangning Chemical Co., Ltd.