Polyurethanes Market in South America 2023

Polyurethane is a type of polymer that is formed by the reaction between isocyanates and polyols. It is a versatile material that can be formulated to have a wide range of properties, including flexibility, durability, and resistance to wear and tear. Polyurethane is used in a variety of applications such as insulation, adhesives, coatings, and foams. It is also used in the medical industry for implants, wound dressings, and drug delivery systems. Polyurethane can be classified as either thermoplastic or thermosetting, depending on the type of reaction used to form it. The polyurethanes in South America market size is projected to grow by USD 0.6 billion from 2023 to 2029, registering a CAGR of 4.9 percent, according to the latest market data.

This industry report offers market estimates of the South America market, followed by a detailed analysis of the product, material, application, end user, and country. The South America market data on polyurethanes can be segmented by product: thermoplastic polyurethanes (TPU), thermoset polyurethanes. Among these, the thermoset polyurethanes segment was accounted for the highest revenue generator in 2022. Polyurethanes market is further segmented by material: methylene diphenyl diisocyanate (MDI), polyols, toluene diisocyanate (TDI), others. The MDI segment is estimated to account for the largest share of the polyurethanes market in South America. Based on application, the polyurethanes market is segmented into: adhesives and sealants, binders, coatings, elastomers, flexible foams, rigid foams, thermoplastic polyurethanes (TPU). The flexible foams segment held the largest share of the South America polyurethanes market in 2022 and is anticipated to hold its share during the forecast period. On the basis of end user, the polyurethanes market also can be divided into: building and construction, electronics and appliances, footwear, furniture and bedding, packaging, transportation, others. In 2022, the furniture and bedding segment made up the largest share of revenue generated by the polyurethanes market. Polyurethanes market by country is categorized into: Brazil, Argentina, the rest of South America countries.

The South America polyurethanes market is highly competitive. Key companies profiled in the report include Accella Polyurethane Systems LLC, BASF SE, C.O.I.M. s.p.a., China Haohua Chemical Group Co. Ltd., Covestro AG, DIC Corporation, Dow Inc., Huada Chemical Group Co. Ltd., Huafon Group Co. Ltd., Huntsman Corporation, INOAC Corporation, Koninklijke DSM N.V., Lanxess AG, Mitsui Chemicals & SKC Polyurethanes Inc. (MCNS), Nippon Aqua Co. Ltd., Shandong INOV Polyurethane Co. Ltd., Synthesia Technology Inc., The Lubrizol Corporation, Tosoh Corporation, Wanhua Chemical Group Co. Ltd.

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