Latin America Polyurethane Market Size & Outlook
Latin America polyurethane market, 2018-2030 (US$M)
Related Markets
Latin America polyurethane market highlights
- The Latin America polyurethane market generated a revenue of USD 3,730.4 million in 2022.
- The market is expected to grow at a CAGR of 3.6% from 2023 to 2030.
- In terms of segment, other end uses was the largest revenue generating end use in 2022.
- ELECTRICAL & ELECTRONICS is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 3,730.4 million |
| Market revenue in 2030 | USD 4,945.5 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Other end uses |
| Fastest growing segment | ELECTRICAL & ELECTRONICS |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PACKAGING, CONSTRUCTION, ELECTRICAL & ELECTRONICS, AUTOMOTIVE, MEDICAL, OTHER END USES |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.6% of the global polyurethane market in 2022.
- 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 65,783.4 million by 2030.
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Polyurethane Market Scope
Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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.
Other end uses was the largest segment with a revenue share of 36.9% in 2022. Horizon Databook has segmented the Latin America polyurethane market based on packaging, construction, electrical & electronics, automotive, medical, other end uses 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.
Thus, the increasing number of infrastructure development projects in the region is expected to boost polyurethane market in Central & South America in the coming years. Low reach of foreign players in the region is providing an opportunity for regional polyurethane manufacturers to start their operations.
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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, 2022 & 2030 (US$M)
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