NEW YORK, March 6, 2017 /PRNewswire/ -- Strength in the construction market will carry demand for polyurethane, which is expected to rise at an annual rate of 2.7 percent to 7.3 billion pounds in 2020. Flexible foams will remain the leading product type, driven by the popularity of foam mattresses and rising demand in the carpet and flooring market.
Find out more about the US polyurethane market in Freedonia's new study.
This study addresses the following questions and more:
- Which polyurethane products will see the strongest growth in the construction market?
- How will vehicle lightweighting and fuel efficiency standards translate into demand for polyurethane through 2020?
- What are the growth trends for polyurethane raw materials in the forecast period?
Read the full report: http://www.reportlinker.com/p04708287-summary/view-report.html
Description
Expansion in the polyurethane resin market will be driven by healthy growth in construction spending, spurring demand for polyurethane building insulation, coatings, adhesives and sealants. Flexible and rigid polyurethane foams will remain the largest product segments, each accounting for more than 30 percent of all polyurethane demand in 2020. Sealants will present the best growth prospects for polyurethanes through the forecast period, supported by continued strength in the construction market and increased usage in automotive applications.
Bedding segment revitalized by memory foam mattresses
Moderating advances for flexible polyurethane will be spurred by continued strength in the household products market, where demand in the mature bedding segment has been revived by the success of viscoelastic (memory) foam. Further gains will be supported by carpet and flooring applications, where polyurethane is utilized as padding. Gains in this market will be boosted by growing expenditures in residential construction. Further gains will be constrained by maturity in key markets including furniture and textiles, both of which are subject to strong import competition.
Rigid polyurethane holds growth in insulation applications
Demand in insulation will be supported by updated regulations that require better and more effective usage of insulation, especially around ducts and the building envelope. Increased use per structure and upgrades of insulation for existing buildings will also aid rigid foam growth.
Polyurethanes find use in many applications
Other polyurethane uses include adhesives, elastomers, coatings, sealants, and other applications such as binders and composites. Gains in coatings will be supported by demand from the construction market, where wood and concrete coatings will outperform other coating types. In addition, innovation in waterborne polyurethane dispersions will further stimulate demand in coatings as well as adhesives. Sealants growth will be fueled by demand from construction applications such as joints, glass insulation, and air infiltration.
Study coverage
Polyurethane Market in the US by Raw Material, Type and Market, 2nd Edition analyzes the $24.5 billion US polyurethane industry. It present historical demand data (2005, 2020, and 2015) and forecasts (2020 and 2025) by raw materials (diisocyanates, polyols, and other materials), product (flexible foam, rigid foam, coatings, adhesives, sealants, elastomers, thermoplastic elastomers, binders, and composites), market (construction, household products, transportation equipment, packaging, industrial, consumer and recreational, electronics, foundry, footwear, and medical). The study also evaluates company market share and competitive analysis on industry competitors including BASF, Covestro, Dow Chemical, and Huntsman.
Read the full report: http://www.reportlinker.com/p04708287-summary/view-report.html
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