Latin America Polyurethane Foam Market Size & Outlook
Latin America polyurethane foam market, 2018-2030 (US$M)
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Latin America polyurethane foam market highlights
- The Latin America polyurethane foam market generated a revenue of USD 2,569.5 million in 2023.
- The market is expected to grow at a CAGR of 8.3% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,569.5 million |
| Market revenue in 2030 | USD 4,480.2 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Flexible foam |
| Fastest growing segment | Rigid Foam |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 5.9% of the global polyurethane foam 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 34,024.6 million by 2030.
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Polyurethane Foam Market Scope
Polyurethane Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 70.93% in 2023. Horizon Databook has segmented the Latin America polyurethane foam market based on rigid foam, flexible foam covering the revenue growth of each sub-segment from 2018 to 2030.
The region's construction, automotive, and furniture industries are driving the demand for PU foam, making it a growing market with promising opportunities. PU foam offers exceptional thermal insulation, making it a popular choice for residential, commercial, and industrial construction projects.
Governments and businesses are prioritizing energy efficiency and low environmental impact, as a result, the use of PU foam insulation has become a crucial factor in meeting these requirements. The automotive industry in the region is also fueling the demand for PU foam.
As disposable incomes rise and vehicle ownerships increase, there is a growing emphasis on comfortable and aesthetically pleasing interiors. PU foam, known for its cushioning and noise reduction properties, has become the material of choice for automotive seating and interior components.
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Our clientele includes a mix of polyurethane foam 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 polyurethane foam market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America polyurethane foam market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America polyurethane foam market size, by country, 2018-2030 (US$M)
Latin America Polyurethane Foam Market Outlook Share, 2023 & 2030 (US$M)
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