North America Polyurethane Market Size & Outlook
North America polyurethane market, 2018-2030 (US$M)
Related Markets
North America polyurethane market highlights
- The North America polyurethane market generated a revenue of USD 21,946.5 million in 2022.
- The market is expected to grow at a CAGR of 3% from 2023 to 2030.
- In terms of segment, other end uses was the largest revenue generating end use in 2022.
- ELECTRICAL & ELECTRONICS is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 21,946.5 million |
| Market revenue in 2030 | USD 27,744.4 million |
| Growth rate | 3% (CAGR from 2022 to 2030) |
| Largest segment | Other end uses |
| Fastest growing segment | ELECTRICAL & ELECTRONICS |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PACKAGING, CONSTRUCTION, ELECTRICAL & ELECTRONICS, AUTOMOTIVE, MEDICAL, OTHER END USES |
Other key industry trends
- In terms of revenue, North America region accounted for 21.2% of the global polyurethane market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 65,783.4 million by 2030.
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Polyurethane Market Scope
Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America polyurethane market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polyurethane market will help companies and investors design strategic landscapes.
Other end uses was the largest segment with a revenue share of 33.12% in 2022. Horizon Databook has segmented the North America polyurethane market based on packaging, construction, electrical & electronics, automotive, medical, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
The growth in the major end-use industries, such as construction and automotive, coupled with PU’s versatility as a product in new applications and uses owing to its high sustainability and lightweight properties are anticipated to drive the market growth over the forecast period.
This trend is expected to further spur with the growing acceptability of TPU in major end-use industries such as footwear, industrial machinery, automotive, electronics, and medical. The construction industry in North America is expected to witness significant growth over the coming years owing to high demand for non-residential construction projects such as hospitals, commercial buildings, and colleges.
Moreover, national policies promoting the recovery of the housing sector are expected to positively impact future construction trends. Reconstruction activities in the U.S. coupled with infrastructure development in Canada and Mexico as a result of rapid industrialization are expected to provide immense market potential in North America over the forecast period.
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Our clientele includes a mix of polyurethane market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America polyurethane market , including forecasts for subscribers. This continent databook contains high-level insights into North America polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America polyurethane market size, by country, 2018-2030 (US$M)
North America Polyurethane Market Outlook Share, 2022 & 2030 (US$M)
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