Brazil Rigid PU Foam Market Size Worth $348.4 Million By 2025

The Brazil rigid PU foam market size is poised to reach USD 348.4 million by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.9% during the forecast period. Surging demand from the automotive industry in the country is projected to drive the market over the forecast period.

Rigid polyurethane foam finds multiple applications across the end-use industries in Brazil because they are excellent insulation materials, which help in saving energy and also occupies minimal space. Their application scope mostly include refrigeration in the appliances industry and roofing and wall applications to reduce heat loss in the construction industry.

Apart from product formulations and technological advancements to cater to a broader customer base in the country, numerous multinational manufacturers are highly focusing on raw material suppliers to increase reach and visibility. Companies tie up with suppliers based on their presence in the local market and knowledge about marketplace, combined with their diligence in timing and accessibility.

Since the initiation of Green Building concept implementation in Brazil since 2007, the country recorded around 652 projects, which were approved or waiting for approval by 2012. The concept was backed by organizations including the Energy and Environmental Design and Green Building Council, Brazil. These funded projects are approved by Leadership in Energy and Environmental Design, an agency which operates in 175 countries ensuring minimal wastage or consumption of electricity, to record lower environmental degradation.

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https://www.grandviewresearch.com/industry-analysis/brazil-rigid-polyurethane-pu-foam-market

Further key findings from the report suggest:

• On the basis of product, slabstock polyether had the largest market share and accounted for approximately 48.0% of the overall volume in 2017. The segment is anticipated to register the highest CAGR during the forecast period due to its wide scope of applications in shoe insole and textiles

• In terms of demand, the automotive industry is estimated to be the most promising application segment in the Brazil rigid PU foam market. It is expected to experience a CAGR of 4.3% during the same period, owing to wide usage of the product in multiple vehicle interior headline ceiling sections, doors & windows, and under-hood components

• Long-term relations of manufacturers with their third-party suppliers is one of the critical tactics adopted in the country to ensure broader product reach and accessibility

• Concept of green building is poised to fuel the demand for light-weight PU materials to minimize energy consumption and steps towards an eco-friendlier environment

• Multinational companies operating in the country are shifting their production process and product line to greener & more eco-friendly counterpart to cope up with stringent regulations imposed by the government

• Introduction of bio-based counterparts such as non-toxic isocyanates is projected to replace the trend of chemically derived products and petrochemical-based alternates in the foreseeable future.

Grand View Research has segmented the Brazil rigid PU foam market on the basis of product and applications:

Brazil Rigid PU Foam Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Slabstock Polyether

• Slabstock Polyester

• Molded Foam Parts

• Others

Brazil Rigid PU Foam Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Appliances

  • Refrigerator

  • Others

• Building & Construction

  • Sandwich Panels

  • Insulating Boards

  • Spray Foam

  • Others

• Automotive

• Others (Marine, Oil & Gas, Rail)