North America Polyurethane Market | Growth, Trends, and Forecast (2019

Market Snapshot

Study Period:

2016-2024

Base Year:

2018

Key Players:

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Market Overview

The North American polyurethane market is expected to register a CAGR of 5.68% during the forecast period, 2019 - 2024. 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.

Extensive demand from the automotive industry is expected to drive the demand for the market during the forecast period.
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

Foams
	Rigid Foam
	Flexible Foam

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 insulations.
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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The United States is expected to hold the majority share of the market in the region

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 DowDupont.

Major Players

* Complete list of players covered available in the table of contents below

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Market Drivers
  1. 4.2.1 Extensive Demand from the Automotive Industry
  2. 4.2.2 Increasing Use of Durable Plastics in Construction
  3. 4.2.3 Increasing Emphasis on Recycling
3. 4.3 Market Restraints
  1. 4.3.1 Volatile Raw Material Prices
  2. 4.3.2 Competition from Polystyrene and Polypropylene Foam
4. 4.4 Value Chain / Supply Chain Analysis
5. 4.5 Porter's Five Forces Analysis
  1. 4.5.1 Threat of New Entrants
  2. 4.5.2 Bargaining Power of Buyers/Consumers
  3. 4.5.3 Bargaining Power of Suppliers
  4. 4.5.4 Threat of Substitute Products
  5. 4.5.5 Intensity of Competitive Rivalry
6. 4.6 Raw Material Analysis
5. MARKET SEGMENTATION
1. 5.1 Application
  1. 5.1.1 Foams
    1. 5.1.1.1 Rigid Foam
    2. 5.1.1.2 Flexible Foam
  2. 5.1.2 Coatings
  3. 5.1.3 Adhesives, Sealants, and Binders
  4. 5.1.4 Elastomers
  5. 5.1.5 Other Applications
2. 5.2 End-user Industry
  1. 5.2.1 Furniture and Interiors
  2. 5.2.2 Building and Construction
  3. 5.2.3 Electronics and Appliances
  4. 5.2.4 Automotive and Transportation
  5. 5.2.5 Packaging
  6. 5.2.6 Other End-user Industries
3. 5.3 Geography
  1. 5.3.1 United States
  2. 5.3.2 Mexico
  3. 5.3.3 Canada
  4. 5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
1. 6.1 Vendor Market Share
2. 6.2 Mergers and Acquisitions
3. 6.3 Company Profiles
  1. 6.3.1 BASF SE
  2. 6.3.2 China Petrochemical Corp. (Sinopec Group)
  3. 6.3.3 Covestro AG
  4. 6.3.4 DowDuPont
  5. 6.3.5 Fujian Southeast Electrochemical Co. Ltd
  6. 6.3.6 Huntsman International LLC
  7. 6.3.7 LANXESS
  8. 6.3.8 Mitsui Chemicals Inc.
  9. 6.3.9 Perstorp
  10. 6.3.10 Tosoh Corp.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Increasing Demand for Bio-based Polyurethane

**Subject to Availability