Brazil Polyols Market Report and Forecast 2024-2032

Brazil Polyols Market Size

The Brazil polyols market is projected to grow at a CAGR of 6.9% between 2024 and 2032. The market is being driven by the rising demand for flexible polyurethane foams and the thriving building and construction industry.

Brazil Polyols Market Outlook

• Brazil is a net importer of polyols, with the USA, China, and Colombia being its key suppliers.

• Polyol serves as an essential raw material for polyurethane production, which is utilised across a wide range of industries.

• Polyols like glycerol are expected to remain popular among cosmetic manufacturers in Brazil for their hydrating properties.

Brazil Polyols Market Growth

The anticipated growth of Brazil’s building and construction industry is expected to raise the demand for energy-efficient insulation materials that can be used to maintain indoor temperatures and prevent accidental fires. Besides, the demand for adhesives and sealants, filling materials, flooring and roofing systems, and soundproofing solutions is expected to surge significantly, thereby propelling the demand for polyurethane. This is expected to lead to an increase in the demand for polyols in the coming years.

Flexible polyurethane foams are extensively used in manufacturing cushioning and padding materials for household furniture. They are also used to create intricate furniture designs, which enhance their aesthetic appeal. Brazil, which is the sixth largest furniture-producing country in the world, is expected to become a substantial end user of polyols over the forecast period. Furniture manufacturing companies in Brazil have invested in unique solutions that have fastened the speed of production, shipping, and delivery of final goods. This has led to an increase of over 50% in the export of furniture outside Brazil, with nearly 35% of goods destined for American retail stores from 2021-2022. In Q1 of 2022, the exporters recorded a 42% quarterly growth rate, which indicates a favourable outlook for the market.

Polyols like xylitol and maltitol are expected to find increasing application in the food industry to manufacture sweets and desserts for diabetics.

Brazil Polyols Industry Segmentation

Brazil Polyols Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Polyether Polyols

• Polyester Polyols

Market Breakup by Application

• Rigid Foam

• Flexible Foam

• Coatings

• Adhesives and Sealants

• Elastomers

• Others

Market Breakup by End Use

• Building and Construction

• Automotive

• Furnishing

• Electronics

• Others

Market Breakup by Region

• São Paulo

• Minas Gerais

• Rio de Janeiro

• Bahia

• Rio Grande do Sul

Brazil Polyols Market Share

Based on application, the market is divided into rigid foam, flexible foam, coatings, adhesives and sealants, and elastomers, among others. Over the forecast period of 2024-2032, rigid foam and flexible foam are expected to grow at a CAGR of 7.9% and 7.4% respectively, due to the increasing demand for effective packaging materials.

Leading Companies in the Brazil Polyols Market

Major polyol manufacturers are expected to collaborate with polyurethane producers to manufacture protective coatings that provide excellent weather resistance to surfaces and enhance their aesthetic appeal.

• The Dow Chemical Company

• BASF SE

• Shell Plc

• Ultrapar Participações S/A

• Huntsman International LLC

• Covestro AG

• Others

Key Highlights of the Report