Brazil Rigid Polyurethane Foam Market 2024 Trend, Marketing Channels and Investment Feasibility Brazil

Rahul Nikade

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Brazil Rigid Polyurethane Foam Market 2024 Trend, Marketing Channels and Investment Feasibility

Brazil Rigid Polyurethane Foam Industry

The Brazil rigid polyurethane foam market size is anticipated to reach USD 601.4 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 8.8% from 2024 to 2030. Surging demand from the automotive industry in the country is projected to drive the market over the forecast period.

Rigid polyurethane foam finds multiple applications across the end-use industries in Brazil because they are excellent insulation materials, which help in saving energy and also occupies minimal space. Their application scope mostly include refrigeration in the appliances industry and roofing and wall applications to reduce heat loss in the construction industry.

Apart from product formulations and technological advancements to cater to a broader customer base in the country, numerous multinational manufacturers are highly focusing on raw material suppliers to increase reach and visibility. Companies tie up with suppliers based on their presence in the local market and knowledge about marketplace, combined with their diligence in timing and accessibility.

Since the initiation of Green Building concept implementation in Brazil since 2007, the country recorded around 652 projects, which were approved or waiting for approval by 2012. The concept was backed by organizations including the Energy and Environmental Design and Green Building Council, Brazil. These funded projects are approved by Leadership in Energy and Environmental Design, an agency which operates in 175 countries ensuring minimal wastage or consumption of electricity, to record lower environmental degradation.

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Brazil Rigid Polyurethane Foam Market Segments Highlights:

On the basis of product, slabstock polyether led the market and accounted for a share of 48.7% in 2023. Slabstock polyether is a premium insulation material utilized in the construction industry to enhance energy efficiency and reduce heating and cooling costs.
Automotive applications are projected to grow at the fastest CAGR of 6.6% over the forecast period. Brazil’s thriving automotive sector, catering to both domestic and international markets, drives demand for rigid polyurethane foam.
Long-term relations of manufacturers with their third-party suppliers is one of the critical tactics adopted in the country to ensure broader product reach and accessibility
Concept of green building is poised to fuel the demand for light-weight PU materials to minimize energy consumption and steps towards an eco-friendlier environment
Multinational companies operating in the country are shifting their production process and product line to greener & more eco-friendly counterpart to cope up with stringent regulations imposed by the government
Introduction of bio-based counterparts such as non-toxic isocyanates is projected to replace the trend of chemically derived products and petrochemical-based alternates in the foreseeable future.

Brazil Rigid Polyurethane Foam Market Report Segmentation

Grand View Research has segmented the Brazil rigid polyurethane foam market report based on product, and application.

Brazil Rigid Polyurethane Foam Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)