Latin America Bio Based Polyurethane Market Size & Outlook
Latin America bio based polyurethane market, 2018-2030 (US$K)
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Latin America bio based polyurethane market highlights
- The Latin America bio based polyurethane market generated a revenue of USD 1,118.4 thousand in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, flexible foam was the largest revenue generating product in 2023.
- Flexible Foam is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,118.4 thousand |
| Market revenue in 2030 | USD 1,847.5 thousand |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Flexible foam |
| Fastest growing segment | Flexible Foam |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants |
| Key market players worldwide | Basf SE, Covestro AG, Cargill, Huntsman Corp, RAMP Holdings, MCPU Polymer Engineering, WeylChem |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.0% of the global bio based polyurethane market in 2023.
- 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 25,056.8 thousand by 2030.
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Bio Based Polyurethane Market Scope
Bio Based Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America bio based polyurethane 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 bio based polyurethane market will help companies and investors design strategic landscapes.
Flexible foam was the largest segment with a revenue share of 50.71% in 2023. Horizon Databook has segmented the Latin America bio based polyurethane market based on rigid foam, flexible foam, coatings, adhesives & sealants covering the revenue growth of each sub-segment from 2018 to 2030.
Recovering residential building and construction sector in Central & South America is expected to fuel the demand for bio-based polyurethane in various construction activities. Significant new investments in housing and public works by the government and green building construction initiatives are expected to boost infrastructural growth in the region, thereby, propelling the demand for bio-based polyurethane over the forecast period.
Moreover, increasing demand from various applications, such as electrical & electronics, consumer goods, packaging, and others, are also anticipated to drive the overall market growth in the country. The recovering residential building & construction sector in Central & South America is driving the demand for related materials and components.
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Our clientele includes a mix of bio based polyurethane market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America bio based polyurethane market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America bio based polyurethane market size, by country, 2018-2030 (US$K)
Latin America Bio Based Polyurethane Market Outlook Share, 2023 & 2030 (US$K)
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