LAMEA Maleic Anhydride Market Size, Share & Trends Analysis Report By Raw Material (N-Butane and Benzene), By Application, By Country and Growth Forecast, 2024

Description

List of Tables

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.

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)

N-Butane
Benzeneg

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

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1LAMEA Maleic Anhydride Market, by Raw Material
- 1.4.2LAMEA Maleic Anhydride Market, by Application
- 1.4.3LAMEA Maleic Anhydride Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 5.LAMEA Maleic Anhydride Market by Raw Material

5.1LAMEA N-Butane Market by Country
5.2LAMEA Benzene Market by Country

Chapter 6.LAMEA Maleic Anhydride Market by Application

6.1LAMEA Unsaturated Polyester Resins (UPR) Market by Country
6.2LAMEA 1,4-butanediol (BDO) Market by Country
6.3LAMEA Lubricating Oil Additives Market by Country
6.4LAMEA Copolymers Market by Country
6.5LAMEA Others Market by Country

Chapter 7.LAMEA Maleic Anhydride Market by Country

7.1Brazil Maleic Anhydride Market
- 7.1.1Brazil Maleic Anhydride Market by Raw Material
- 7.1.2Brazil Maleic Anhydride Market by Application
7.2Argentina Maleic Anhydride Market
- 7.2.1Argentina Maleic Anhydride Market by Raw Material
- 7.2.2Argentina Maleic Anhydride Market by Application
7.3UAE Maleic Anhydride Market
- 7.3.1UAE Maleic Anhydride Market by Raw Material
- 7.3.2UAE Maleic Anhydride Market by Application
7.4Saudi Arabia Maleic Anhydride Market
- 7.4.1Saudi Arabia Maleic Anhydride Market by Raw Material
- 7.4.2Saudi Arabia Maleic Anhydride Market by Application
7.5South Africa Maleic Anhydride Market
- 7.5.1South Africa Maleic Anhydride Market by Raw Material
- 7.5.2South Africa Maleic Anhydride Market by Application
7.6Nigeria Maleic Anhydride Market
- 7.6.1Nigeria Maleic Anhydride Market by Raw Material
- 7.6.2Nigeria Maleic Anhydride Market by Application
7.7Rest of LAMEA Maleic Anhydride Market
- 7.7.1Rest of LAMEA Maleic Anhydride Market by Raw Material
- 7.7.2Rest of LAMEA Maleic Anhydride Market by Application

Chapter 8.Company Profiles

8.1Huntsman Corporation
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Segment and Regional Analysis
- 8.1.4Research & Development Expense
- 8.1.5SWOT Analysis
8.2Mitsubishi Chemical Holdings Corporation
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental Analysis
- 8.2.4Research & Development Expense
- 8.2.5SWOT Analysis
8.3Lanxess AG
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expenses
- 8.3.5SWOT Analysis
8.4Nan Ya Plastics Corp. (NPC)
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4SWOT Analysis
8.5Nippon Shokubai Co., Ltd.
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.5.4Recent strategies and developments:
  - 8.5.4.1Business Expansions:
- 8.5.5SWOT Analysis
8.6IG Petrochemicals Limited (IGPL)
- 8.6.1Company Overview
- 8.6.2Financial Analysis
- 8.6.3Regional Analysis
- 8.6.4Research & Development Expenses
- 8.6.5SWOT Analysis
8.7China National BlueStar (Group) Co, Ltd. (China National Chemical Corporation)
- 8.7.1Company Overview
- 8.7.2SWOT Analysis
8.8Yongsan Chemical Co., Ltd.
- 8.8.1Company Overview
- 8.8.2SWOT Analysis
8.9Aekyung Chemical Co., Ltd. (AK Holdings Co., Ltd.)
- 8.9.1Company Overview
- 8.9.2Financial Analysis
- 8.9.3SWOT Analysis
8.10.Ningbo Jiangning Chemical Co., Ltd. (Zhejiang Jiangshan Chemical Co., Ltd.)
- 8.10.1Company Overview
- 8.10.2SWOT Analysis

LIST OF TABLES

TABLE 1LAMEA Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 2LAMEA Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 3LAMEA Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 4LAMEA Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 5LAMEA Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 6LAMEA Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 7LAMEA Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 8LAMEA Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 9LAMEA N-Butane Market by Country, 2020 - 2023, USD Million
TABLE 10LAMEA N-Butane Market by Country, 2024 - 2031, USD Million
TABLE 11LAMEA N-Butane Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12LAMEA N-Butane Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13LAMEA Benzene Market by Country, 2020 - 2023, USD Million
TABLE 14LAMEA Benzene Market by Country, 2024 - 2031, USD Million
TABLE 15LAMEA Benzene Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16LAMEA Benzene Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17LAMEA Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 18LAMEA Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 19LAMEA Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 20LAMEA Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 21LAMEA Unsaturated Polyester Resins (UPR) Market by Country, 2020 - 2023, USD Million
TABLE 22LAMEA Unsaturated Polyester Resins (UPR) Market by Country, 2024 - 2031, USD Million
TABLE 23LAMEA Unsaturated Polyester Resins (UPR) Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24LAMEA Unsaturated Polyester Resins (UPR) Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25LAMEA 1,4-butanediol (BDO) Market by Country, 2020 - 2023, USD Million
TABLE 26LAMEA 1,4-butanediol (BDO) Market by Country, 2024 - 2031, USD Million
TABLE 27LAMEA 1,4-butanediol (BDO) Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 28LAMEA 1,4-butanediol (BDO) Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 29LAMEA Lubricating Oil Additives Market by Country, 2020 - 2023, USD Million
TABLE 30LAMEA Lubricating Oil Additives Market by Country, 2024 - 2031, USD Million
TABLE 31LAMEA Lubricating Oil Additives Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 32LAMEA Lubricating Oil Additives Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 33LAMEA Copolymers Market by Country, 2020 - 2023, USD Million
TABLE 34LAMEA Copolymers Market by Country, 2024 - 2031, USD Million
TABLE 35LAMEA Copolymers Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36LAMEA Copolymers Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 38LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 39LAMEA Others Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40LAMEA Others Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41LAMEA Maleic Anhydride Market by Country, 2020 - 2023, USD Million
TABLE 42LAMEA Maleic Anhydride Market by Country, 2024 - 2031, USD Million
TABLE 43LAMEA Maleic Anhydride Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44LAMEA Maleic Anhydride Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45Brazil Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 46Brazil Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 47Brazil Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 48Brazil Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 49Brazil Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 50Brazil Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 51Brazil Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 52Brazil Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 53Brazil Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 54Brazil Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 55Brazil Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 56Brazil Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 57Argentina Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 58Argentina Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 59Argentina Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 60Argentina Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 61Argentina Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 62Argentina Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 63Argentina Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 64Argentina Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 65Argentina Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 66Argentina Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 67Argentina Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 68Argentina Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 69UAE Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 70UAE Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 71UAE Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 72UAE Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 73UAE Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 74UAE Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 75UAE Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 76UAE Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 77UAE Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 78UAE Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 79UAE Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 80UAE Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 81Saudi Arabia Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 82Saudi Arabia Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 83Saudi Arabia Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 84Saudi Arabia Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 85Saudi Arabia Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 86Saudi Arabia Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 87Saudi Arabia Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 88Saudi Arabia Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 89Saudi Arabia Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 90Saudi Arabia Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 91Saudi Arabia Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 92Saudi Arabia Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 93South Africa Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 94South Africa Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 95South Africa Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 96South Africa Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 97South Africa Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 98South Africa Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 99South Africa Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 100South Africa Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 101South Africa Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 102South Africa Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 103South Africa Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 104South Africa Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 105Nigeria Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 106Nigeria Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 107Nigeria Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 108Nigeria Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 109Nigeria Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 110Nigeria Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 111Nigeria Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 112Nigeria Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 113Nigeria Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 114Nigeria Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 115Nigeria Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 116Nigeria Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 117Rest of LAMEA Maleic Anhydride Market, 2020 - 2023, USD Million
TABLE 118Rest of LAMEA Maleic Anhydride Market, 2024 - 2031, USD Million
TABLE 119Rest of LAMEA Maleic Anhydride Market, 2020 - 2023, Kilo Tonnes
TABLE 120Rest of LAMEA Maleic Anhydride Market, 2024 - 2031, Kilo Tonnes
TABLE 121Rest of LAMEA Maleic Anhydride Market by Raw Material, 2020 - 2023, USD Million
TABLE 122Rest of LAMEA Maleic Anhydride Market by Raw Material, 2024 - 2031, USD Million
TABLE 123Rest of LAMEA Maleic Anhydride Market by Raw Material, 2020 - 2023, Kilo Tonnes
TABLE 124Rest of LAMEA Maleic Anhydride Market by Raw Material, 2024 - 2031, Kilo Tonnes
TABLE 125Rest of LAMEA Maleic Anhydride Market by Application, 2020 - 2023, USD Million
TABLE 126Rest of LAMEA Maleic Anhydride Market by Application, 2024 - 2031, USD Million
TABLE 127Rest of LAMEA Maleic Anhydride Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 128Rest of LAMEA Maleic Anhydride Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 129key Information - Huntsman Corporation
TABLE 130Key Information - MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 131Key Information - Lanxess AG
TABLE 132Key Information - Nan Ya Plastics Corp. (NPC)
TABLE 133Key Information - Nippon Shokubai Co., Ltd.
TABLE 134Key Information - IG Petrochemicals Limited (IGPL)
TABLE 135Key Information - China National BlueStar (Group) Co, Ltd.
TABLE 136Key Information -Yongsan Chemical Co., Ltd.
TABLE 137Key Information - Aekyung Chemical Co., Ltd.
TABLE 138Key Information - Ningbo Jiangning Chemical Co., Ltd.

LAMEA Maleic Anhydride Market Size, Share & Trends Analysis Report By Raw Material (N-Butane and Benzene), By Application, By Country and Growth Forecast, 2024 - 2031