The Latin America, Middle East and Africa Polyurethane Market would witness market growth of 5.6% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 2,942.7 kilo tonnes, showcasing a growth of 5.5% (2023-2030).
Polyurethane holds a prominent position in the construction and interiors sector, serving as a versatile material with diverse applications and numerous advantages. In construction, polyurethane foam insulation is widely utilized for its exceptional thermal efficiency, providing energy savings and enhancing building performance. Thus, Saudi Arabia market consumed 281.2 kilo tonnes of polyurethane in 2022.
The Brazil market dominated the LAMEA Polyurethane Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,429.9 million by 2030. The Argentina market is showcasing a CAGR of 6.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6% during (2023 - 2030).
The polyurethane market refers to the global industry involved in producing, distributing, and consuming polyurethane materials and products. Polyurethane is a versatile polymer compound derived from the reaction of polyols and diisocyanatos.
Additionally, it comes in various forms, such as foams, elastomers, coatings, adhesives, and sealants. The market encompasses various applications across diverse industries, including construction, automotive, furniture, electronics, footwear, and healthcare.
Polyurethane-based coatings, paints, and architectural elements offer various colors, textures, and design options for interior and exterior surfaces, contributing to building projects’ visual appeal and uniqueness. As per the Agencia de Noticias of the Government of Brazil 2021, the construction sector generated R$377.8 billion in value in 2021, with R$355.8 billion in works and services and R$22.0 billion in developments, works, and services (5.8%). Therefore, the growth of the LAMEA region’s construction sector is propelling the polyurethane market’s growth.
Free Valuable Insights: The Worldwide Polyurethane Market is Projected to reach USD 102.3 Billion by 2030, at a CAGR of 4.3%
Based on Raw Material, the market is segmented into Polyols, Toluene Di-isocyanate, Methylene Diphenyl Di-isocyanate, and Others. Based on Application, the market is segmented into Construction, Furniture & Interiors, Electronics & Appliances, Footwear, Automotive, Packaging, and Others. Based on Product, the market is segmented into Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Raw Material (Volume, Kilo Tonnes, USD Billion,2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion,2019-2030)
By Product (Volume, Kilo Tonnes, USD Billion,2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion,2019-2030)
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