Market Trends of North America Polyurethane Industry
This section covers the major market trends shaping the North America Polyurethane Market according to our research experts:
Foams Application is Expected to Hold the Largest Share of the Application Segment
- Rigid polyurethane and polyisocyanurate (polyiso) foams create one of the world's most popular, energy-efficient, and versatile insulation's.
- According to the US Department of Energy, heating and cooling account for approximately 55% of the energy used in a typical US home, making it the largest energy expense for most homes.
- To maintain uniform temperature and lower noise levels in homes and commercial properties, builders turn to rigid polyurethane and polyisocyanurate foams. These foams are effective insulation materials that can be used in roof and wall insulation, insulated windows, doors, and air barrier sealants.
- The unique applications of foams in the construction industry is expected to drive the market for polyurethane in North America.
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United States to Hold Majority of the Market
- Building and construction accounted for the majority share of the consumption of polyurethanes in the United States, making it the largest end-user market for polyurethane materials.
- The environmental benefits of rigid polyurethane foam are significant. They include increased energy efficiency and reduced project weight and are expected to register a significant rate during the forecast period.
- Transportation also accounts for a significant share of the total polyurethane consumption. The advent of sustainable polymeric formulations for vehicle weight reduction and decreased fuel consumption for environmental safety are the main drivers of the polyurethane market in the United States.
- Apart from the aforementioned end-users, paints and coatings, along with furniture also find applications from polyurethane.
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