Abstract
US polyurethane market to reach $7.4 billion in 2009
Polyurethane demand in the US is forecast to increase 3.2 percent yearly to 7.5 billion pounds in 2009, valued at $7.4 billion (resin cost). Price increases will be constrained by moderating raw material prices, which will recede from 2004 and 2005 levels when plastic and other raw material prices spiked sharply. Advances will reflect widespread insulation and cushioning applications, as well as price and performance advantages over other materials. Construction will remain the leading polyurethane market, accounting for 37 percent of total uses in 2009.
Best opportunities offered by rigid urethane foam
Rigid polyurethane foam will present the best opportunities through 2009, expanding 4.5 percent annually to 2.4 billion pounds. Increases will be attributable to opportunities in the insulation area based on rapid expansion in the nonresidential building construction segment. Rigid urethane foam is a highly efficient thermal insulating material with widespread building, tank, pipe and appliance uses. The material may also be foamed-in-place or used as the core insulating material in structural panels. Thermoplastic urethanes (TPUs) will exhibit the most rapid growth, based on their good strength and resiliency. TPUs are relatively expensive, however, which limits demand largely to niche markets that require their unique blend of qualities Flexible polyurethane foam demand is projected to grow at a below average pace through 2009 based on mature cushioning applications in furniture, carpet backing and other areas. Best opportunities are anticipated in bedding areas as a result of inroads made by all-foam mattresses and pillows. Above average growth is expected for polyurethane coatings, adhesives and sealants based on performance advantages over competitive materials.
Construction to remain dominant market
Construction will remain the leading polyurethane market and expand 4.5 percent per year to 2.8 billion pounds in 2009. Stimulants include greater use in building, tank and pipe insulation, wood and metal coatings and bonded wood products. Household product uses will be propelled by rising consumer spending patterns and increased purchases of flexible foam mattresses and rigid insulating foams in major appliances such as refrigerators. Transportation equipment uses will be buoyed by rebounding motor vehicle production and subsequent needs for polyurethane flexible foam seating, as well as coatings, sealants and other products.
Study coverage
This study provides historical US demand data through 2004 and forecasts to 2009 and 2014 by polyurethane types (e.g., flexible foam, rigid foam, coatings, adhesives, sealants), and markets (e.g., construction, transportation, furniture, carpets, appliances, packaging). In addition, the market environment section analyzes developments in end use markets such as construction and transportation equipment while presenting a discussion of key factors such as pricing trends, technology and international activity. The industry structure section presents an overview of mergers and acquisitions, research and development trends, and other competitive variables, and includes company profiles of leading competitors such as BASF, Bayer, Dow Chemical, Foamex International, Huntsman and Lyondell Chemical.
TABLE OF CONTENTS
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Macroeconomic Outlook
- Consumer Spending Patterns
- Demographic Trends
- Construction Outlook
- Building Construction
- Residential Construction
- Housing Starts
- Improvement & Repair
- Nonresidential Construction
- Office & Commercial
- Institutional
- Industrial
- Nonbuilding Construction
- Motor Vehicle Outlook
- Manufacturers Outlook
- Plastic Supply & Demand
- Historical Market Trends
- Legislative & Regulatory Considerations
- Recycling
III. OVERVIEW
- General
- Supply & Demand
- International Activity
- Polyurethane Types
- Polyurethane Pricing
- Raw Materials
- Diisocyanates
- MDI
- TDI
- Polyols
- Polyether
- Polyester
- Other Polyols
- Additives
IV. FLEXIBLE FOAM
- General
- Household Products
- Furniture
- Bedding
- Flooring Underlay
- Textiles
- Transportation Equipment
- Packaging
- Other Markets
V. RIGID FOAM
- General
- Construction
- Insulation
- Roofs
- Walls
- Windows & Doors
- Tanks & Pipes
- Metal Panels
- Other
- Appliances
- Packaging
- Transportation Equipment
- Other
VI. COATINGS, ADHESIVES & OTHER
- General
- CASE
- Coatings
- Construction
- Wood Coatings
- Concrete Coatings
- Metal & Other Coatings
- Transportation Equipment
- Motor Vehicles
- Marine & Other
- Household Products
- Electronics
- Machinery & Other
- Adhesives
- Construction
- Transportation Equipment
- Packaging
- Electronics
- Other
- Sealants
- Construction
- Transportation Equipment
- Other
- Elastomers
- Textiles & Fibers
- Construction
- Transportation Equipment
- Industrial
- Machinery
- Electronics
- Footwear & Other
- Other
- Binders
- Construction
- Rebonded Foam
- Foundry
- Reaction Injection Molding
- Transportation Equipment
- Machinery
- Other
- Thermoplastic Polyurethane
- Industrial
- Transportation Equipment
- Medical
- Other
VII.MARKETS
- General
- Construction
- Types
- Uses
- Insulation
- Wood Bonding
- Coatings
- Other
- Household Products
- Flooring Underlay
- Carpet & Rug Outlook
- Types
- Furniture
- Furniture Outlook
- Types
- Bedding
- Mattress Outlook
- Uses
- Appliances
- Appliance Outlook
- Types
- Uses
- Textiles & Fibers
- Textile Mill Product Outlook
- Types
- Transportation Equipment
- Transportation Equipment Outlook
- Types
- Uses
- Motor Vehicles
- Other
- Packaging
- Packaging Overview
- Types
- Other
- Industrial
- Foundry
- Electronics
- All Other
VIII. INDUSTRY STRUCTURE
- General
- Market Share
- Bayer
- Dow Chemical
- Huntsman
- BASF
- Other Firms
- Mergers & Acquisitions
- Marketing Strategies
- Channels of Distribution
- Research & Development
- Competitive Strategies
- Cooperative Agreements
COMPANY PROFILES
- Air Products & Chemicals Incorporated
- Albemarle Corporation
- Arch Chemicals Incorporated
- BASF AG
- Baxenden Chemicals Limited, see Chemtura Corporation
- Bayer AG
- BayOne Urethane Systems LLC, see Bayer AG
- British Vita plc
- Carpenter Company
- CasChem Incorporated, see Rutherford Chemicals
- Chemical Innovations Limited, see British Vita
- Chemtura Corporation
- Crest Foam Industries Incorporated, see British Vita plc
- Crompton Corporation, see Chemtura Corporation
- Dainippon Ink and Chemicals Incorporated
- Deerfield Urethane, see Bayer AG
- DIC Bayer Polymer Limited, see Bayer AG and
- Dainippon Ink and Chemicals
- Dow Chemical Company
- Euclid Chemical Company, see RPM International
- Foamex International Incorporated
- Fomo Products Incorporated
- Fuller (HB) Company
- Hexion Specialty Chemicals Incorporated
- Huntsman Corporation
- Hyperlast North America, see British Vita plc
- Illinois Tool Works Incorporated
- Imperial Chemical Industries plc
- Inolex Chemical Company
- INVISTA, see Koch Industries Incorporated
- Isotec International Incorporated
- ITW TACC, see Illinois Tool Works Incorporated
- Koch Industries Incorporated
- Lubrizol Corporation
- Lyondell Chemical Company
- Matthews Paint Company, see PPG Industries Incorporated
- National Starch and Chemical Company, see Imperial
- Chemical Industries plc
- Noveon Incorporated, see Lubrizol Corporation
- PPG Industries Incorporated
- Purbond AG, see Imperial Chemical Industries plc
- Recticel SA
- Reichhold Incorporated, see Dainippon Ink &
- Chemicals Incorporated
- Resolution Specialty Materials LLC, see Hexion
- Specialty Chemicals Incorporated
- Royal Dutch Shell plc
- RPM International Incorporated
- Rubicon LLC, see Chemtura Corporation and
- Huntsman Corporation
- Rutherford Chemicals LLC
- Sika AG
- Soluol Incorporated
- Stepan Company
- Synair Corporation
- Tremco Incorporated, see RPM International Incorporated
- Uniroyal Chemical Company Incorporated, see
- Chemtura Corporation
- Valspar Corporation
- Vitafoam Incorporated, see British Vita plc
- Additional Polyurethane Companies
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
- Summary Table
SECTION II -- MARKET ENVIRONMENT
- 1 Macroeconomic Indicators
- 2 Consumer Expenditures
- 3 Resident Population & Households
- 4 Construction Expenditures
- 5 Building Construction Expenditures
- 6 Residential Building Construction Expenditures
- 7 Housing Starts by Type
- 8 Residential Improvement & Repair Activity
- 9 Nonresidential Building Construction Expenditures
- 10 Nonbuilding Construction Expenditures
- 11 Motor Vehicle Production
- 12 Manufacturers Shipments
- 13 Plastic Resin Supply & Demand
- 14 Polyurethane Market, 1994-2004
SECTION III -- OVERVIEW
- 1 Polyurethane Supply & Demand
- 2 Polyurethane Demand by Type
- 3 Polyurethane Demand by Raw Material
- 4 Diisocyanate Demand in Polyurethane
- 5 Polyols Demand in Polyurethane
SECTION IV -- FLEXIBLE FOAM
- 1 Flexible PUR Foam Demand by Type & Market
- 2 Household Product Market for Flexible PUR Foam by Use
- 3 Furniture Market for Flexible PUR Foam by Application
- 4 Bedding Market for Flexible PUR Foam by Product Type
- 5 Flooring Underlay Market for Flexible PUR Foam
- 6 Textile Market for Flexible PUR Foam by Product Type
- 7 Transportation Equipment Market for Flexible
- PUR Foam by Application
- 8 Packaging Market for Flexible PUR Foam
- 9 Other Markets for Flexible PUR Foam
SECTION V -- RIGID FOAM
- 1 Rigid PUR Foam Demand by Market
- 2 Construction Market for Rigid PUR Foam by Use
- 3 Appliance Market for Rigid PUR Foam by Use
- 4 Packaging Market for Rigid PUR Foam
- 5 Transportation Equipment Market for Rigid
- PUR Foam by Use
- 6 Other Markets for Rigid PUR Foam
SECTION VI -- COATINGS, ADHESIVES & OTHER
- 1 Coating, Adhesive & Other Markets for PUR
- 2 Coating Market for PUR
- 3 Adhesive Market for PUR
- 4 Sealant Market for PUR
- 5 Elastomer Market for PUR
- 6 Binder Market for PUR
- 7 Reaction Injection Molding Market for PUR
- 8 Thermoplastic Polyurethane Market for PUR
SECTION VII-- MARKETS
- 1 Polyurethane Demand by Market
- 2 Construction Market for PUR by Type
- 3 Construction Market for PUR by Use
- 4 Household Product Market for PUR by Use
- 5 Carpet & Rug Shipments
- 6 Flooring Underlay Market for PUR by Type
- 7 Furniture Shipments
- 8 Furniture Market for PUR by Type
- 9 Mattress Shipments
- 10 Bedding Market for PUR by Use
- 11 Major Appliance Shipments
- 12 Appliance Market for PUR by Type
- 13 Appliance Market for PUR by Use
- 14 Textile Mill Product Shipments
- 15 Textile & Fiber Market for PUR by Type
- 16 Transportation Equipment Indicators
- 17 Transportation Equipment Market for PUR by Type
- 18 Transportation Equipment Market for PUR by Use
- 19 Motor Vehicle Market for PUR by Use
- 20 Other Transportation Equipment Market for PUR by Use
- 21 Packaging Overview by Material
- 22 Packaging Market for PUR by Type
- 23 Other Markets for PUR by Application
SECTION VIII -- INDUSTRY STRUCTURE
- 1 US Polyurethane Resin Sales by Company, 2004
- 2 Selected Acquisitions & Divestitures
- 3 Selected Cooperative Agreements
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
- 1 Polyurethane Market, 1994-2004
SECTION III -- OVERVIEW
- 1 Polyurethane Demand by Type, 2004
SECTION IV -- FLEXIBLE FOAM
- 1 Flexible PUR Foam Demand by Market, 2004
- 2 Household Product Markets for Flexible PUR Foamh by Use, 2004
SECTION V -- RIGID FOAM
- 1 Rigid PUR Foam Demand by Market, 2004
- 2 Construction Market for Rigid PUR Foam by Use, 2004
- 3 Appliance Market for Rigid PUR Foam by Use, 2004
SECTION VI -- COATINGS, ADHESIVES & OTHER
- 1 Coating, Adhesive & Other Markets for PUR, 2004
- 2 Coating Market for PUR, 2004
- 3 Adhesive Market for PUR, 2004
- 4 Sealant Market for PUR, 2004
- 5 Elastomer Market for PUR, 2004
- 6 Thermoplastic Polyurethane Market for PUR, 2004
SECTION VII -- MARKETS
- 1 Polyurethane Demand by Market, 2004
- 2 Construction Market for PUR by Use, 2004
- 3 Household Product Market for PUR by Use, 2004
- 4 Other Markets for PUR by Application, 2004
SECTION VIII -- INDUSTRY STRUCTURE
- 1 US Polyurethane Resin Market Share, 2004
