London – The total production of polyurethane products in the Americas is set to reach 5.29 MT in 2024, according to IAL Consultants. This represents an 11% increase on the 2018 figure of 4.75 MT.
These numbers were recorded before the full effects os Coronavirus became apparent. IAL Consultants plan to update this reprt later in the year.
However, North America accounts for the lion’s share of this, with a 2019 output of 3.58MT, nearly three-quarters of the total. The US is by far the largest individual producer, followed at some distance by Brazil and Mexico.
Although South America has been affected by economic woes in recent years, PU production has been recovering, apart from in Venezuela. Growth rates are highest in countries including Peru and Colombia, albeit from a low base. The region remains susceptible to raw material price increases, and supply shortages with a lack of domestic producers.
Rigid foam predominates in the North American end-use market, followed by flexible foam. Production volumes for CASE are considerably lower. Mexico remains the growth driver for the region.