MRO Magazine

Research and Markets: North America Polyurethane (PU) Market 2015 Analysis by Product, by End-Use and Segment – Forecasts to 2020

November 2, 2015
By Business Wire News


Research and Markets ( has announced the addition of the “North America Polyurethane (PU) Market Analysis by Product, by End-Use and Segment – Forecasts to 2020” report to their offering.

The North American PU market is expected to reach USD 14.46 billion by 2020

Growing importance for energy efficiency on account of rising energy costs and greenhouse emissions coupled with growing demand for lightweight, high performance materials from automotive industry in order to improve fuel efficiency are expected to remain key drivers for the regional PU market. Volatile raw material prices on account of tight supply of particularly TDI are expected to remain a key challenge for market participants. Rapid development of bio-based PU expected to provide growth opportunities to key companies operating in the regional market.

Rigid foam was the largest product segment in the regional market and accounted for 33.6% of total market volume in 2013. Rigid foams are widely used in construction industry and for insulation purposes across various industries. Rising concerns energy prices have increased the importance for energy conservation. Rigid foams are used as insulation material to reduce thermal energy losses and increase energy efficiency of buildings. Rigid foam is also expected to be the fastest growing product segment at an estimated CAGR of 4.3% from 2014 to 2020. Growth of construction industry and government initiatives to improve energy efficiency of residential infrastructure is expected drive its demand over the forecast period.

U.S. emerged as the leading nation consuming PU in the region and accounted for 82.9% of total market volume in 2013. Increasing construction spending in order to improve existing infrastructure coupled with low interest levels have fueled the housing market in the region. This trend coupled with growing importance for energy efficiency is expected to have a positive impact on the construction industry which in turn is expected to drive PU demand for insulation applications. Mexico is expected to witness the highest growth rate over the forecast period. The nation is expected to grow at an estimated CAGR of 5.7% from 2014 to 2020.

North America PU market is highly concentrated with top four companies accounting for more than 70% of the market in 2013. Some major companies operating in the market include Foamex Innovations, Huntsman Corp., BASF, Bayer Material Science, Woodbridge Foam Corp. and Dow Chemical Co.

For the purpose of this study, the report has segmented the polyurethane market on the basis of product, end-use and region:

North America Polyurethane (PU) Market Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

– Rigid Foam

– Flexible Foam

– Coatings

– Adhesives & Sealants

– Elastomers

– Others

North America Polyurethane (PU) End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

– Furniture & Interiors

– Construction

– Electronics & Appliances

– Automotive

– Footwear

– Packaging

– Others

North America Polyurethane (PU) Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

– U.S.

– Canada

– Mexico

Competitive Landscape

– Bayer Material Science


– British Vita Unlimited

– Foamex Innovations

– Huntsman Corporation

– Mitsui Chemicals, Inc.

– Nippon Polyurethane Corporation Ltd.

– Recticel SA.

– Dow Chemical Company

– Woodbridge Foam Corporation.

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Chemicals