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North America Polyurethane Market - Growth, Trends, and Forecast (2020 - 2025)
The market is segmented by Application (Foams, Coatings, Adhesives, Sealants, and Binders, Elastomers, and Other Applications), End-user Industry (Furniture & Interiors, Building & Construction, Electronics & Appliances, Automotive & Transportation, Packaging, and Other End-user Industries), and Geography (United States, Canada, Mexico, and Rest of North America).
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2025
Base Year:
2019
CAGR:
5 %
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Market Overview
The North American polyurethane market is expected to register a CAGR of over 5% during the forecast period. Building and construction is expected to be the largest end-user segment followed by automotive and furniture and interiors. The increasing usage of durable plastics in construction is driving the market for polyurethane in the region.
- Competition from polystyrene and polypropylene foam is likely to hinder the market’s growth.
- Increasing demand for bio-based polyurethane is projected to act as an opportunity for the market in the future.
Scope of the Report
The North American polyurethane market report includes:
| Application | ||||
| ||||
| Coatings | ||||
| Adhesives, Sealants, and Binders | ||||
| Elastomers | ||||
| Other Applications |
| End-user Industry | |
| Furniture and Interiors | |
| Building and Construction | |
| Electronics and Appliances | |
| Automotive and Transportation | |
| Packaging | |
| Other End-user Industries |
| Geography | |
| United States | |
| Mexico | |
| Canada | |
| Rest of North America |
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Key Market Trends
Foams Application is Expected to Hold the Largest Share of the Application Segment
- Rigid polyurethane and polyisocyanurate (polyiso) foams create one of the world's most popular, energy-efficient, and versatile insulation's.
- According to the US Department of Energy, heating and cooling account for approximately 55% of the energy used in a typical US home, making it the largest energy expense for most homes.
- To maintain uniform temperature and lower noise levels in homes and commercial properties, builders turn to rigid polyurethane and polyisocyanurate foams. These foams are effective insulation materials that can be used in roof and wall insulation, insulated windows, doors, and air barrier sealants.
- The unique applications of foams in the construction industry is expected to drive the market for polyurethane in North America.
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United States to Hold Majority of the Market
- Building and construction accounted for the majority share of the consumption of polyurethanes in the United States, making it the largest end-user market for polyurethane materials.
- The environmental benefits of rigid polyurethane foam are significant. They include increased energy efficiency and reduced project weight and are expected to register a significant rate during the forecast period.
- Transportation also accounts for a significant share of the total polyurethane consumption. The advent of sustainable polymeric formulations for vehicle weight reduction and decreased fuel consumption for environmental safety are the main drivers of the polyurethane market in the United States.
- Apart from the aforementioned end-users, paints and coatings, along with furniture also find applications from polyurethane.
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Competitive Landscape
The North American polyurethane market is partially consolidated. Key players in the North America polyurethane market include Covestro AG, Huntsman International LLC, LANXESS, BASF SE, and Dow, amongst others.
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Table Of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Use of Durable Plastics in Construction
4.1.2 Increasing Emphasis on Recycling
4.2 Restraints
4.2.1 Volatile Raw Material Prices
4.2.2 Competition from Polystyrene and Polypropylene Foam
4.3 Value Chain / Supply Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Raw Material Analysis
5. MARKET SEGMENTATION
5.1 Application
5.1.1 Foams
5.1.1.1 Rigid Foam
5.1.1.2 Flexible Foam
5.1.2 Coatings
5.1.3 Adhesives, Sealants, and Binders
5.1.4 Elastomers
5.1.5 Other Applications
5.2 End-user Industry
5.2.1 Furniture and Interiors
5.2.2 Building and Construction
5.2.3 Electronics and Appliances
5.2.4 Automotive and Transportation
5.2.5 Packaging
5.2.6 Other End-user Industries
5.3 Geography
5.3.1 United States
5.3.2 Mexico
5.3.3 Canada
5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 BASF SE
6.4.2 China Petrochemical Corp. (Sinopec Group)
6.4.3 Covestro AG
6.4.4 Dow
6.4.5 Fujian Southeast Electrochemical Co. Ltd
6.4.6 Huntsman International LLC
6.4.7 LANXESS
6.4.8 Mitsui Chemicals, Inc.
6.4.9 Perstorp
6.4.10 Tosoh Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Demand for Bio-based Polyurethane
*List Not Exhaustive
** Subject to Availability
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