Polyurethanes Market in North America 2023

Polyurethanes Market in North America 2023

Polyurethane is a polymer that is produced through the reaction between isocyanates and polyols. It is a versatile material that can be formulated to exhibit a wide range of properties, such as flexibility, durability, and resistance to wear and tear. Polyurethane finds applications in diverse fields, including insulation, adhesives, coatings, and foams. Moreover, it is utilized in the medical industry for implants, wound dressings, and drug delivery systems. Polyurethane can be classified as either thermoplastic or thermosetting, depending on the type of reaction employed in its formation. The polyurethanes market in North America is anticipated to increase by USD 5.7 billion till 2029 at an average annual growth of 6.3 percent as per the latest market estimates.

This industry report offers market estimates of the North America market, followed by a detailed analysis of the product, material, application, end user, and country. The North America market data on polyurethanes can be segmented by product: thermoplastic polyurethanes (TPU), thermoset polyurethanes. The thermoset polyurethanes segment was the largest contributor to the North America polyurethanes market in 2022. Polyurethanes market is further segmented by material: methylene diphenyl diisocyanate (MDI), polyols, toluene diisocyanate (TDI), others. According to the research, the MDI segment had the largest share in the polyurethanes market in North America. Based on application, the polyurethanes market is segmented into: adhesives and sealants, binders, coatings, elastomers, flexible foams, rigid foams, thermoplastic polyurethanes (TPU). The flexible foams segment held the largest revenue share in 2022. On the basis of end user, the polyurethanes market also can be divided into: building and construction, electronics and appliances, footwear, furniture and bedding, packaging, transportation, others. In North America, the furniture and bedding segment made up the largest share of the polyurethanes market. Polyurethanes market by country is categorized into: USA, Canada, Mexico.

The North America polyurethanes market is highly competitive. The competitive landscape of the industry has also been examined along with the profiles of the key players Accella Polyurethane Systems LLC, BASF SE, C.O.I.M. s.p.a., China Haohua Chemical Group Co. Ltd., Covestro AG, DIC Corporation, Dow Inc., Huada Chemical Group Co. Ltd., Huafon Group Co. Ltd., Huntsman Corporation, INOAC Corporation, Koninklijke DSM N.V., Lanxess AG, Mitsui Chemicals & SKC Polyurethanes Inc. (MCNS), Nippon Aqua Co. Ltd., Shandong INOV Polyurethane Co. Ltd., Synthesia Technology Inc., The Lubrizol Corporation, Tosoh Corporation, Wanhua Chemical Group Co. Ltd.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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