U.S. Polyurethane Market Size & Outlook, 2022-2030
U.S. polyurethane market, 2018-2030 (US$M)
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U.S. polyurethane market highlights
- The U.S. polyurethane market generated a revenue of USD 18,036.6 million in 2022 and is expected to reach USD 22,710.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 2.9% 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.
Polyurethane market data book summary
| Market revenue in 2022 | USD 18,036.6 million |
| Market revenue in 2030 | USD 22,710.7 million |
| Growth rate | 2.9% (CAGR from 2022 to 2030) |
| Largest segment | Other end uses |
| Fastest growing segment | ELECTRICAL & ELECTRONICS |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, U.S. accounted for 17.5% of the global polyurethane market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. polyurethane market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2,832.7 million by 2030.
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Polyurethane Market Scope
Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 33.67% in 2022. Horizon Databook has segmented the U.S. 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 U.S. automotive industry has been witnessing growth in automobile production in the past few years. Major players in the market are entering into joint ventures and forming an alliance to increase their production and their reach in the country.
For instance, in May 2022, Hyundai Motor Company and Kia Corporation jointly planned to launched a new production plant for electric vehicles in Georgia, U.S. In June 2022, Ford Motor Co. announced to invest of $3.7 billion and add 6,200 jobs in its Michigan, Ohio, and Missouri plants to expand the production of its electric vehicles as well as internal combustion engine vehicles.
Capacity expansion in the countries by major players is expected to positively impact the demand for polyurethane demand in the coming years. The construction sector in the U.S. is expanding at a significant rate owing to positive market fundamentals for commercial real estate along with rising state and federal funding for institutional buildings and public works.
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Our clientele includes a mix of polyurethane market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into U.S. polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. polyurethane market size, by end use, 2018-2030 (US$M)
U.S. Polyurethane Market Outlook Share, 2022 & 2030 (US$M)
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