North America Polyurethane Market Overview and Growth by 2028

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

North America Polyurethane Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Rigid Foam, Flexible Foam, Coatings Adhesives and Sealants, Elastomers, and Others) and Application (Furniture and Interiors, Construction, Electronics and Appliances, Automotive, Footwear, Packaging, and Others)

  • Report Date : Aug 2021
  • Report Code : TIPRE00024053
  • Category : Chemicals and Materials
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 118
Page Updated: Aug 2021

The North America polyurethane market is expected to grow from US$ 13,150.40 million in 2021 to US$ 22,190.06 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028.



Polyurethane is a thermosetting polymer which is composed of organic units joined by carbamate links and does not melt on heating. It is light in weight, resistant to corrosion, elastic in nature and possesses considerable strength. In most of the cases, polyurethane is an alternative to paper, glass, and metals. High mechanical strength enables polyurethane to provide insulation and replace metals for automobile parts. The polyurethane market is anticipated to grow in the forecast period owing to an upsurge in demand for lightweight and durable materials from automotive, packaging, furniture, footwear, and other end-user industries. Moreover, demands for high-performance interior components further contributes to the polyurethane market growth. However, fluctuations in raw materials and economic downturn in developing countries affect products sales which hinder growth of the polyurethane market. On the other hand, adoption of bio-based polyurethane is likely to provide growth opportunities to the key players operating in the polyurethane market during the forecast period.

In case of COVID-19, in North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of polyurethane manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for polyurethane during the early months of 2020. Moreover, decline in the overall resin and polymer manufacturing activities has led to discontinuation of polyurethane manufacturing projects, thereby reducing the demand for polyurethane. Similar trend was witnessed in other North America countries, i.e., Mexico, Canada, Panama and Costa Rica. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
 

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America polyurethane market. The use of polyurethane material is suitable in several industries due to its ability to get molded in different forms. Its broad hardness range is known to be its most unique characteristic. Polyurethane further offers good abrasion resistance with toughness. Moreover, its durability and toughness is higher than most plastics. Owing to these properties, polyurethane is used in various industrial and commercial applications as well as in a wide range of consumer goods used in day-to-day life. It is used in various applications such as eraser and surfboards making; flexible foam in upholstered furniture; thermoplastic polyurethane or TPU used in medical devices and footwear; and coatings, adhesives, sealants, and elastomers used on floors & automotive interiors. Flexible polyurethane foam helps in creating durable, comfortable, and supportive furniture. Therefore, polyurethane—mainly in the form of flexible foam—is widely utilized in home furniture, bedding, and carpet underlay. Bedding and furniture are the largest end-use markets for polyurethane. High demand for polyurethane in offices, building or remodeling homes, and other buildings is supported by its properties such as lightweight, durability, reliability, ease of installation, affordable, recyclable, and versatile nature. The wider application of polyurethane in buildings is insulation. Insulation is commonly required in cavity walls, around pipes, roofs, floors, and boilers. Polyurethanes can dramatically maintain temperature to keep the environment warm in homes and offices in cold weather. During summer, they further play a crucial role in keeping buildings cool, reducing the need for air conditioning. Other than these, adhesives coatings along with other products are utilized in huge volumes in this application.
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  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

North America Polyurethane Market Segmentation

North America Polyurethane Market – By Product


  • Rigid Foam
  • Flexible Foam
  • Coatings Adhesives and Sealants
  • Elastomers
  • Others

North America Polyurethane Market – By Application


  • Furniture and Interiors
  • Construction
  • Electronics and Appliances
  • Automotive
  • Footwear
  • Packaging
  • Others

North America Polyurethane Market – By Country


  • US
  • Canada
  • Mexico

North America Polyurethane Report Scope

Report Attribute Details
Market size in 2021 US$ 13,150.40 Million
Market Size by 2028 US$ 22,190.06 Million
Global CAGR (2021 - 2028) 7.8%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Product
  • Rigid Foam
  • Flexible Foam
  • Coatings Adhesives and Sealants
  • Elastomers
By Application
  • Furniture and Interiors
  • Construction
  • Electronics and Appliances
  • Automotive
  • Footwear
  • Packaging
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • Covestro AG
  • FXI
  • Huntsman Corporation
  • Lubrizol Corporation
  • Mitsui Chemicals, Inc.
  • BASF SE
  • The Dow Chemical Company
  • DIC Corporation
  • Recticel NV
  • Habi Ummer
    Manager,
    Market Research & Consulting

    Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

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    Our Clients
    1. Covestro AG
    2. FXI
    3. Huntsman Corporation
    4. Lubrizol Corporation
    5. Mitsui Chemicals, Inc.
    6. BASF SE
    7. The Dow Chemical Company
    8. DIC Corporation
    9. Recticel NV
    10. Tosoh Corporation
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