Brazil Polyurethane Foam Market Size & Outlook, 2023-2030
Brazil polyurethane foam market, 2018-2030 (US$M)
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Brazil polyurethane foam market highlights
- The Brazil polyurethane foam market generated a revenue of USD 1,154.1 million in 2023 and is expected to reach USD 2,038.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, flexible foam was the largest revenue generating product in 2023.
- Rigid Foam is the most lucrative product segment registering the fastest growth during the forecast period.
Polyurethane foam market data book summary
| Market revenue in 2023 | USD 1,154.1 million |
| Market revenue in 2030 | USD 2,038.5 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Flexible foam |
| Fastest growing segment | Rigid Foam |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rigid Foam, Flexible Foam |
| Key market players worldwide | Huntsman Corp, Dow Inc, Basf SE, Sekisui Chemical Co Ltd, Trelleborg AB ADR, Future PLC, Recticel, UFP Technologies Inc, Rogers Corp, Compagnie de Saint-Gobain SA |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.6% of the global polyurethane foam market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil polyurethane foam market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,038.5 million by 2030.
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Polyurethane Foam Market Scope
Polyurethane Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil polyurethane foam 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 polyurethane foam market will help companies and investors design strategic landscapes.
Flexible foam was the largest segment with a revenue share of 71.09% in 2023. Horizon Databook has segmented the Brazil polyurethane foam market based on rigid foam, flexible foam covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the regional leader in Central & South America in terms of automotive production; it emerged as the ninth-largest automotive producer in the world as of 2022 according to OICA. Although a majority of the cars in the country are manufactured for use locally, a significant number is also exported.
As one of the fastest-growing economies, Brazil has become a global hub for automotive manufacturers. Thus, a large number of foreign and a few Brazilian brands manufacture vehicles in the country.
Owing to the aforementioned trends, the demand for polyurethane (PU) foam in Brazil is anticipated to grow in automotive end use over the forecast period. In 2022, PU foam emerged as the third-largest product segment in Brazil owing to a high demand from furniture & bedding as well as construction industries.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil polyurethane foam market , including forecasts for subscribers. This country databook contains high-level insights into Brazil polyurethane foam market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil polyurethane foam market size, by product, 2018-2030 (US$M)
Brazil Polyurethane Foam Market Outlook Share, 2023 & 2030 (US$M)
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