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North America Polyurethane Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product and Application

  • ID: 5416320
  • Report
  • August 2021
  • Region: North America
  • 118 Pages
  • The Insight Partners
UP TO OFF
until Jun 30th 2022

FEATURED COMPANIES

  • BASF SE
  • Covestro AG
  • DIC Corporation
  • FXI
  • Huntsman Corporation
  • Lubrizol Corporation
Flexible Foam Segment to Dominate North America Polyurethane Market during 2021-2028



According to a new market research study on “North America Polyurethane Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast - by Product, Application and Country,” is expected to reach US$ 22,190.06 million by 2028 from US$ 13,150.40 million in 2021. The market is estimated to grow at a CAGR of 7.8% from 2021 to 2028. The report provides trends prevailing in the North America polyurethane market along with the drivers and restraints pertaining to the market growth. Rising demand for durable and lightweight materials from several End-use industries is a major factor driving the growth of the North America polyurethane market. However, the imposition of strict regulations on raw material used in polyurethane manufacturing and volatility of raw material prices hinder the growth of North America polyurethane market.

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.

The market for North America polyurethane is segmented into product, application and country. Based on product, the market is segmented into rigid foam, flexible foam, coatings adhesives and sealants, elastomers, and others. In 2020, the flexible foam segment held the largest share in North America polyurethane market. Based on application, the North America polyurethane is divided into furniture and interiors, construction, electronics and appliances, automotive, footwear, packaging, and others. The construction segment is expected to be the fastest growing segment over the forecast period. Based on country, the North America polyurethane market is divided into US, Canada and Mexico. In 2020, US held the largest share in North America polyurethane market. Furthermore, in this present scenario of COVID 19 pandemic, the North America polyurethane market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for polyurethane.

Covestro AG, FXI, The Dow Chemical Company, Lubrizol Corporation, DIC Corporation, BASF SE, Mitsui Chemicals, Inc. Recticel NV, Huntsman Corporation, and Tosoh Corporation are some of the leading companies in the North America polyurethane market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market

Reasons to buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America polyurethane market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America polyurethane market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America polyurethane market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BASF SE
  • Covestro AG
  • DIC Corporation
  • FXI
  • Huntsman Corporation
  • Lubrizol Corporation
1. Introduction
1.1 Study Scope
1.2 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
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
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Covestro AG
  • FXI
  • Huntsman Corporation
  • Lubrizol Corporation
  • Mitsui Chemicals, Inc.
  • BASF SE
  • The Dow Chemical Company
  • DIC Corporation
  • Recticel NV
  • Tosoh Corporation
Note: Product cover images may vary from those shown
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