Latin America Polyurethane Market Size & Outlook
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Latin America polyurethane market highlights
- The Latin America polyurethane market generated a revenue of USD 2,711.4 million in 2024.
- The market is expected to grow at a CAGR of 8% from 2025 to 2030.
- In terms of segment, methylene diphenyl di-isocyanate was the largest revenue generating raw material in 2024.
- Polyols is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 2,711.4 million |
| Market revenue in 2030 | USD 4,302.5 million |
| Growth rate | 8% (CAGR from 2025 to 2030) |
| Largest segment | Methylene diphenyl di-isocyanate |
| Fastest growing segment | Polyols |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Toluene Di-isocyanate, Methylene Diphenyl Di-isocyanate, Polyols |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.6% of the global polyurethane market in 2024.
- 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 56,954.5 million by 2030.
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Polyurethane Market Scope
Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| RTP Company | View profile | 1001-5000 | Winona, Minnesota, United States, North America | http://rtpcompany.com |
| Mitsui & Co Ltd | View profile | 55874 | 1-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8631 | https://www.mitsui.com |
| Tosoh Corp | View profile | 14266 | 3-8-2 Shiba, Minata-ku, Tokyo, Japan, 105-8623 | http://www.tosoh.com |
| Woodbridge | View profile | 5001-10000 | Mississauga, Ontario, Canada, North America | https://www.woodbridgegroup.com |
| DIC Corp | View profile | 22255 | DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, Japan, 103-8233 | http://www.dic-global.com/en/index.html |
| Mitsubishi Chemical Group Corp | View profile | 74632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | https://www.mcgc.com |
| The Lubrizol Corp | View profile | 5001-10000 | Wickliffe, Ohio, United States, North America | http://www.lubrizol.com/ |
| Eastman Chemical Co | View profile | 14000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | https://www.eastman.com |
| Covestro AG | View profile | 17520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | https://www.covestro.com/en |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Latin America 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 polyurethane market will help companies and investors design strategic landscapes.
Methylene diphenyl di-isocyanate was the largest segment with a revenue share of 34.96% in 2024. Horizon Databook has segmented the Latin America polyurethane market based on toluene di-isocyanate, methylene diphenyl di-isocyanate, polyols covering the revenue growth of each sub-segment from 2018 to 2030.
Recovering residential building and construction sector in CSA is expected to fuel the demand for polyurethane in various construction activities.
Significant new investments in housing and public works by the government and green building construction initiative are expected to boost infrastructural growth in Colombia, thereby, propelling the demand for polyurethane over the forecast period.
Furthermore, the urban renewal project of Bogota, which includes 50 skyscrapers, 500 high-rise buildings, and a smart city, is meant to establish the city as the technological, financial, and industrial capital of Central & South America.
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Our clientele includes a mix of 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 polyurethane market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America polyurethane market size, by country, 2018-2030 (US$M)
Latin America Polyurethane Market Outlook Share, 2024 & 2030 (US$M)
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