Latin America Maleic Anhydride Market Size & Outlook
Latin America maleic anhydride market, 2018-2030 (US$M)
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Latin America maleic anhydride market highlights
- The Latin America maleic anhydride market generated a revenue of USD 181.2 million in 2022.
- The market is expected to grow at a CAGR of 4.5% from 2023 to 2030.
- In terms of segment, unsaturated polyester resins (upr) was the largest revenue generating application in 2022.
- 1,4-butanediol (BDO) is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 181.2 million |
| Market revenue in 2030 | USD 257.3 million |
| Growth rate | 4.5% (CAGR from 2022 to 2030) |
| Largest segment | Unsaturated polyester resins (upr) |
| Fastest growing segment | 1,4-butanediol (BDO) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Unsaturated Polyester Resins (UPR), 1,4-butanediol (BDO), Additives (Lubricants & Oil), Copolymers |
| Key market players worldwide | Cepsa, INEOS, Huntsman Corp, Lanxess AG, Mitsubishi Corp, Nippon Shokubai Co Ltd, Perfect Moment Ltd, Chongqing Rural Commercial Bank Co Ltd Class H, Tianjin Port Development Holdings Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global maleic anhydride market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,202.3 million by 2030.
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Maleic Anhydride Market Scope
Maleic Anhydride Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America maleic anhydride market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to maleic anhydride market will help companies and investors design strategic landscapes.
Unsaturated polyester resins (upr) was the largest segment with a revenue share of 46.03% in 2022. Horizon Databook has segmented the Latin America maleic anhydride market based on unsaturated polyester resins (upr), 1,4-butanediol (bdo), additives (lubricants & oil), copolymers covering the revenue growth of each sub-segment from 2018 to 2030.
The Central & South American maleic anhydride market is anticipated to witness growth over the forecast period. Owing to high-tensile strength, excellent corrosion resistance, and lightweight of unsaturated polymer resin it is majorly used in the automotive industry.
According to the International Trade Investment, the overall infrastructure and construction sector in Argentina witnessed a strong contraction during the pandemic period, however, it started to bounce back to normal owing to the presence of favorable government initiatives to support small & large-scale infrastructure projects with ports, social housing, rail, and roads being the major interest areas.
Additionally, the funding committed by the Inter-American Development Bank and World Bank of USD 4.56 billion and USD 3.30 billion, respectively, for infrastructure and construction activities are further aiding the recovery of the construction industry in Argentina.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America maleic anhydride market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America maleic anhydride market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America maleic anhydride market size, by country, 2018-2030 (US$M)
Latin America Maleic Anhydride Market Outlook Share, 2022 & 2030 (US$M)
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