15 October 2019
Visiongain’s new report the Brazil Rigid Polyurethane Foam Market Report 2020-2030: Forecasts by Type (Slabstock Polyether, Slabstock Polyester), By Application (Construction, Appliances, Automotive), by region and analysis of leading companies operating in this industry. The Brazil Rigid Polyurethane Foam market size is poised to reach USD 600 million by 2030, according to a new report by Visiongain, progressing at a CAGR of 6% during the forecast period. Surging demand from the automotive industry in the developing economies is projected to drive the market over the forecast period.
Rigid polyurethane foam finds numerous applications throughout Brazil's end-use sectors as they are great insulating materials that assist save energy and also occupy minimal room. Their range of implementation includes refrigeration in the appliance sector and apps for roofing and wall systems to decrease heat loss in the construction industry. In addition to product formulations and technological advances to accommodate a wider client base in the nation, countless multinational companies focus heavily on providers of raw materials to boost their reach and visibility.
Companies are connected to providers based on their local market presence and marketplace expertise, coupled with their timing and accessibility diligence. Since the start of application of the Green Building idea in Brazil since 2007, the nation has reported approximately 652 projects authorized or awaiting approval by 2012. Organizations such as the Energy and Environmental Design and the Green Building Council, Brazil, supported the idea. These financed projects are endorsed for recording reduced environmental degradation by Leadership in Energy and Environmental Design, an agency operating in 175 nations ensuring minimal waste or electricity consumption.
Crude oil price volatility may represent turbulence in the prices of raw materials as well as the country's accessibility. The entry of fresh producers in the nation is expected to be restricted during the forecast period due to elevated levels of rivalry between current multinationals as well as unexpected financial turbulence owing to changes in the supply of crude oil.
In recent years, Brazil has obtained enormous investments from important businesses such as BASF SE, Bayer, Dow Chemical Company and Huntsman Corporation to satisfy future requirements of the product resulting from the thriving building and equipment industries. Increasingly, PU shaped components are being used in the nation for aircraft design and in automobiles to decrease weight.
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With the rise in various industries such as automotive, medical parts, and aerospace machining world, there is a growth in the demand for strong and light-weight materials.
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