Middle East & Africa Maleic Anhydride Market Size & Outlook
Middle East & Africa maleic anhydride market, 2018-2030 (US$M)
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MEA maleic anhydride market highlights
- The MEA maleic anhydride market generated a revenue of USD 270.8 million in 2022.
- The market is expected to grow at a CAGR of 4.7% 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.
MEA data book summary
| Market revenue in 2022 | USD 270.8 million |
| Market revenue in 2030 | USD 389.9 million |
| Growth rate | 4.7% (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, MEA region accounted for 6.4% 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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Middle East & Africa 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 48.38% in 2022. Horizon Databook has segmented the Middle East & Africa 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 growing demand for maleic anhydride in the MEA can be attributed to the growing end-use industries, such as agriculture and construction, in the region. Maleic anhydride is majorly used in the production of unsaturated polymer resins, which further finds usage in the construction industry, whereas, in the agriculture industry, it is used for manufacturing growth regulators, pesticides, and insecticides.
According to the International Trade Administration (ITA), in 2020, the commercial farming sector in South Africa witnessed the strongest growth rate among other economic sectors, accounting for a growth of 13.1% as compared to the previous year.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa maleic anhydride market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa maleic anhydride market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa maleic anhydride market
Middle East & Africa Maleic Anhydride Market Outlook Share, 2022 & 2030 (US$M)
Middle East & Africa maleic anhydride market
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