North America Polyurethane Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Rigid Foam, Flexible Foam, Coatings Adhesives and Sealants, Elastomers, and Others) and Application (Furniture and Interiors, Construction, Electronics and Appliances, Automotive, Footwear, Packaging, and Others)

Code: TIPRE00024053 | Pages: 118 | Industry: Chemicals and Materials | Date: Aug 2021 | Type: Regional

Market Introduction

The North America polyurethane market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Governments of various countries across the region are focusing on the nation's infrastructure development. National, state, and local governments in each country are spending high amounts of capital to meet these needs for good reason. The Secretariat for Infrastructure in the Planning Commission is involved in initiating policies that would ensure the time-bound creation of top-class infrastructure in the country. This infrastructure planning mainly focuses on power, dams, bridges, roads, and urban infrastructure development. The nation's infrastructure push comprises projects related to roads, ports, railways, and airports; projects in agriculture and renewable energy; and industrial and social infrastructure. Rigid polyurethane foams are known as the high-performance closed-cell plastics adopted in end-use industries, such as packaging, transportation, and industrial insulations and appliances, due to their structural stability, which further assists manufacturers to design thermally insulating products. Rigid foams possess higher mechanical strength, sound insulation properties, and thermal resistance. Therefore, they can be used in extreme weather conditions and harsh environments. The building and construction industry is major end user of rigid and sprays polyurethane foam. Due to various benefits such energy efficiency, versatility, high performance, thermal/mechanical performance, and environment-friendly nature, rigid polyurethane foam insulation is applied in a building.

In case of COVID-19, in North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of polyurethane manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for polyurethane during the early months of 2020. Moreover, decline in the overall resin and polymer manufacturing activities has led to discontinuation of polyurethane manufacturing projects, thereby reducing the demand for polyurethane. Similar trend was witnessed in other North America countries, i.e., Mexico, Canada, Panama and Costa Rica. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

 


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Market Overview and Dynamics

The polyurethane market in North America is expected to grow from US$ 13,150.40 million in 2021 to US$ 22,190.06 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028. Rigid polyurethane foams are widely utilized as insulated panels, wall and roof insulation, and gap fillers for the space around doors and windows. To maintain uniform temperature and lower noise levels in residential and commercial properties, builders are adopting rigid polyurethane foam. These foams are effective insulation materials that can be used in roof and wall insulation, doors, insulated windows, and air barrier sealants to save energy. The rigid foam has unique insulating properties that make its use ideal for walls and roofs for building new homes as well as for remodeling of existing homes. Insulation is usually required in cavity walls, floors, roofs, around pipes, and boilers. Due to these beneficial properties of rigid foam, its demand is growing from several end user, which is anticipated to offer immense opportunities for the market player offering rigid foam during the forecast period.

Key Market Segments

Based on product, the flexible foam segment accounted for the largest share of the North America polyurethane market in 2020. Based on application, the furniture and appliances segment accounted for the largest share of the North America polyurethane market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the North America polyurethane market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Covestro AG, FXI, The Dow Chemical Company, Lubrizol Corporation, DIC Corporation, BASF SE, Mitsui Chemicals, Inc., Recticel NV, Huntsman Corporation, and Tosoh Corporation.

Reasons to buy report

  • To understand the North America polyurethane market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America polyurethane market
  • Efficiently plan M&A and partnership deals in North America polyurethane market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America polyurethane market
  • Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.



North America Polyurethane Market Segmentation

North America Polyurethane Market -By Product

  • Rigid Foam
  • Flexible Foam
  • Coatings Adhesives and Sealants
  • Elastomers
  • Others

North America Polyurethane Market -By Application

  • Furniture and Interiors
  • Construction
  • Electronics and Appliances
  • Automotive
  • Footwear
  • Packaging
  • Others

North America Polyurethane Market – By Country

  • US
  • Canada
  • Mexico

North America Polyurethane Market – Company Profiles

  • Covestro AG
  • FXI
  • Huntsman Corporation
  • Lubrizol Corporation
  • Mitsui Chemicals, Inc.
  • BASF SE
  • The Dow Chemical Company
  • DIC Corporation
  • Recticel NV
  • Tosoh Corporation  

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           North America Polyurethane Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.3         Expert Opinion

5.           North America Polyurethane Market– Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Demand for Durable and Lightweight Materials from Several End -Use Industries

5.2         Market Restraints

5.2.1        Imposition of Strict Regulations on Raw Material Used in Polyurethane Manufacturing

5.2.2        Volatility of Raw Material Prices

5.3         Market Opportunities

5.3.1        Increased Support by Governments for Infrastructure Development and Rising Use of PU as Insulation Material

5.4         Future Trends

5.4.1        Growing Demand for Low VOC, Green, and Sustainable Polyurethane

5.5         Impact Analysis

6.           Polyurethane – North America Market Analysis

6.1         Polyurethane Market Overview

6.2         Polyurethane Market – Revenue Forecasts to 2028 (US$ Million)

7.           North America Polyurethane Market Analysis – By Product

7.1         Overview

7.2         Polyurethane Market, By Product (2020 and 2028)

7.3         Rigid Foam

7.3.1        Overview

7.3.2        Rigid Foam: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

7.4         Flexible Foam

7.4.1        Overview

7.4.2        Flexible Foam: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

7.5         Coating, Adhesives, and Sealants

7.5.1        Overview

7.5.2        Coating, Adhesives, and Sealants: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

7.6         Elastomers

7.6.1        Overview

7.6.2        Elastomers: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

7.7         Others

7.7.1        Overview

7.7.2        Others: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

8.           North America Polyurethane Market Analysis – By Application

8.1         Overview

8.2         Polyurethane Market, By Application (2020 and 2028)

8.3         Furniture and Interiors

8.3.1        Overview

8.3.2        Furniture and Interiors: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

8.4         Construction

8.4.1        Overview

8.4.2        Construction: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

8.5         Electronics and Appliances

8.5.1        Overview

8.5.2        Electronics and Appliances: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

8.6         Automotive

8.6.1        Overview

8.6.2        Automotive: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

8.7         Footwear

8.7.1        Overview

8.7.2        Footwear: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

8.8         Packaging

8.8.1        Overview

8.8.2        Packaging: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

8.9         Others

8.9.1        Overview

8.9.2        Others: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

9.           North America Polyurethane Market – Country Analysis

9.1         North America: Polyurethane Market

9.1.1        North America: Polyurethane Market, by Key Country

9.1.1.1          US: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          US: Polyurethane Market, Product

9.1.1.1.2          US: Polyurethane Market, Application

9.1.1.2          Canada: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          Canada: Polyurethane Market, Product

9.1.1.2.2          Canada: Polyurethane Market, Application

9.1.1.3          Mexico: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          Mexico: Polyurethane Market, Product

9.1.1.3.2          Mexico: Polyurethane Market, Application

10.        Impact COVID-19 Pandemic on North America Polyurethane Market

10.1      Impact of COVID-19 on Polyurethane Market

10.2      North America: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Mergers & acquisition

11.3      Company News

12.        Company Profiles

12.1      Covestro AG

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      FXI

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Huntsman Corporation

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Lubrizol Corporation

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Mitsui Chemicals, Inc.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      BASF SE

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      The Dow Chemical Company

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      DIC Corporation

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Recticel NV

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Tosoh Corporation

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

             13.2      Glossary of Terms

LIST OF TABLES

Table 1.             North America Polyurethane Market –Revenue Forecast to 2028 (US$ Million)

Table 2.             US Polyurethane Market, Product – Revenue and Forecast to 2028 (US$ Million)

Table 3.             US Polyurethane Market, Application – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Canada Polyurethane Market, Product– Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada Polyurethane Market, Application– Revenue and Forecast to 2028 (US$ Million)

Table 6.             Mexico Polyurethane Market, Product – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Mexico Polyurethane Market, Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Glossary of Terms, Polyurethane Market

LIST OF FIGURES

Figure 1.           Polyurethane Market Segmentation

Figure 2.           North America Polyurethane Market Segmentation – By Country

Figure 3.           North America Polyurethane Market Overview

Figure 4.           Flexible Foam Segment Held Largest Share of North America Polyurethane Market

Figure 5.           US Held Largest Share of North America Polyurethane Market

Figure 6.           North America Polyurethane Market, Key Market Players

Figure 7.           North America PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           Impact Analysis of Drivers and Restraints

Figure 10.        North America: Polyurethane Market – Revenue Forecast to 2028 (US$ Million)

Figure 11.        Polyurethane Market Revenue Share, By Product (2020 and 2028)

Figure 12.        Rigid Foam: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 13.        Flexible Foam: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 14.        Coating, Adhesives, and Sealants: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 15.        Elastomers: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 16.        Others: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 17.        Polyurethane Market Revenue Share, By Application (2020 and 2028)

Figure 18.        Furniture and Interiors: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 19.        Construction: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 20.        Electronics and Appliances: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 21.        Automotive: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 22.        Footwear: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 23.        Packaging: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 24.        Others: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 25.        North America: Polyurethane Market, by Key Country – Revenue (2020) (USD Million)

Figure 26.        North America: Polyurethane Market Revenue Share, by Key Country (2020 and 2028)

Figure 27.        US: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Canada: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Mexico: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Impact of COVID-19 Pandemic in North American Country Markets  

  1. Covestro AG
  2. FXI
  3. Huntsman Corporation
  4. Lubrizol Corporation
  5. Mitsui Chemicals, Inc.
  6. BASF SE
  7. The Dow Chemical Company
  8. DIC Corporation
  9. Recticel NV
  10. Tosoh Corporation
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