Use in building insulation, coatings to support gains
Cleveland, OH, June 26, 2023 — US demand for polyurethane resin is forecast to increase 1.5% per year in volume terms through 2027, according to Polyurethane: United States, a report recently released by Freedonia Focus Reports. Expansion will be driven by growth in real construction spending, which will fuel demand for polyurethane building insulation, coatings, adhesives, and sealants. Growth in transport equipment shipments and consumer disposable income will boost polyurethane demand associated with motor vehicle and household product manufacturing.
Polyurethane's low cost and ease of manufacturing and handling will continue to support widespread use. Furthermore, the introduction of improved products and processes – such as polyol processes that can limit volatile organic compound (VOC) emissions from polyurethane foam – will aid value demand growth. Increased use of soy and other biobased polyols is expected as polyurethane manufacturers make efforts to reduce energy consumption and lessen their impact on the environment.
These and other key insights are featured in Polyurethane: United States. This report forecasts annually from 2023 to 2027 US polyurethane demand in pounds. Total demand is segmented by product in terms of:
coatings, adhesives, and sealants
other products such as binders and composites
Total demand is also segmented by market as follows:
other markets such as agricultural products, electronics, and footwear
To illustrate historical trends, total demand and the various segments are provided in annual series from 2012 to 2022.
Demand figures refer to the weight of final products, rather than input chemicals. Scrap is excluded from the scope of this report. Rebond foam carpet padding, which consists of factory scrap generated in the production of furniture, bedding, or transport foams, is also excluded from the scope of this report.
About Freedonia Focus Reports Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Plastics & Other Polymers reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
total historical market size and industry output
segmentation by products and markets
identification of market drivers, constraints, and key indicators
segment-by-segment outlook in five-year forecasts
a survey of the supply base
suggested resources for further study
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