The Latin America, Middle East and Africa Malonic Acid Market would witness market growth of 4.3% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 1,540.7 tonnes, showcasing a growth of 4.4% (2023-2030).
The construction industry's growth, driven by urbanization and infrastructure development, has led to a higher demand for architectural coatings. Its role in producing resins for coatings contributes to meeting the needs of the construction sector.
Additionally, with its continuous focus on innovation and aesthetics, the automotive industry relies on advanced vehicle coatings. Its-derived intermediates contribute to the formulation of coatings that provide aesthetic appeal and protection against corrosion and environmental factors.
Saudi Arabia has shown interest in diversifying its energy mix and increasing its reliance on renewable energy sources. Adopting sustainable and environmentally friendly agriculture practices may drive the demand for renewable feedstocks for producing bio-based fertilizers, biopesticides, and other agricultural inputs in Saudi Arabia. Developing biofuels as an alternative to traditional fossil fuels can stimulate the growth of renewable feedstocks in Saudi Arabia. Thus, due to these aspects, the malonic acid market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Malonic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,935.4 Thousands by 2030. The Argentina market is showcasing a CAGR of 4.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 4% during (2023 - 2030).
Free Valuable Insights: The Worldwide Malonic Acid Market is Projected to reach USD 130.6 Million by 2030, at a CAGR of 2.8%
Based on Application, the market is segmented into Flavor Enhancer, API, Additive, pH Controller, Precurser, and Others. Based on End Use, the market is segmented into Food & Beverage, Pharmaceutical, Agriculture, Plastics, Paints & Coatings, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Application (Volume, Tonnes, USD Million, 2019-2030)
By End Use (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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