North America One-Component Polyurethane Foam Market Forecast to 2031 - Regional Analysis - by Raw Material, Application, and End Use

Description

List of Tables

The North America one-component polyurethane foam market was valued at US$ 992.60 million in 2023 and is expected to reach US$ 1,690.19 million by 2031; it is estimated to register a CAGR of 6.9% from 2023 to 2031.

Rapid Growth in Residential Construction Sector Fuels North America One-Component Polyurethane Foam Market

Within residential construction, the versatility of one-component polyurethane (polyurethane) foam extends beyond insulation to other applications such as sealing, bonding, and filling. It is commonly used to seal gaps around windows and doors, adhere to drywall panels, fill voids in concrete structures, and soundproof interior spaces. The ability of one-component polyurethane foam to provide reliable adhesion, moisture resistance, and durability makes it a valuable asset in ensuring the structural integrity and longevity of residential buildings. As urbanization and population continue to surge globally, there is an increasing demand for housing, leading to a significant uptick in residential construction activities. Several government bodies across different countries support the development of the residential construction sector.

Therefore, various government-supportive measures for the development of the residential construction sector are leading to an increase in residential construction activities. This is creating demand for different construction materials, thereby driving the one-component polyurethane foam market growth.

North America One-Component Polyurethane Foam Market Overview

One-component polyurethane foam, a versatile material, finds applications in diverse industries such as automotive, construction, and electronics. Its ability to provide insulation, seal gaps, and adhere to various surfaces makes it indispensable in modern manufacturing and construction practices. In the construction sector, the demand for energy-efficient solutions is propelling the adoption of one-component polyurethane foam. According to a report released by the US Census Bureau, the value of total construction (private and public) investment in 2023 was US$ 1,978.7 billion, a 7% increase from investments in 2022 of US$ 1,848.7 billion. As energy efficiency regulations become more stringent, builders and homeowners alike are turning to polyurethane foam as an effective solution for thermal insulation in residential and commercial buildings. Its ability to seal gaps and cracks efficiently and ease of application make it an attractive option for insulation projects.

The expanding automotive industry is fueling the growth of the one-component polyurethane foam market in North America. In the region, passenger vehicles are the most common mode of transportation, and their use is increasing with the rise in per capita income. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), vehicle production in North America increased by 20%, from ~14.8 million in 2022 to 16.2 million vehicles in 2023. The increasing demand for comfort and noise reduction in vehicles from consumers has encouraged automakers to increase the use of polyurethane foam for soundproofing and vibration damping purposes. Additionally, the lightweight nature of polyurethane foam contributes to improved fuel efficiency, aligning with the industry's focus on sustainability and environmental responsibility. Thus, the North America market for one-component polyurethane (polyurethane) foam is anticipated to witness significant growth in the coming years.

North America One-Component Polyurethane Foam Market Revenue and Forecast to 2031 (US$ Million)

North America One-Component Polyurethane Foam Market Segmentation

The North America one-component polyurethane foam market is categorized into raw material, application, end use, and country.

Based on raw material, the North America one-component polyurethane foam market is divided into methylene diphenyl diisocyanate, toluene diisocyanate, polyether polyols, polyester polyols, and others. The polyether polyols segment held the largest North America one-component polyurethane foam market share in 2023.

In terms of application, the North America one-component polyurethane foam market is segmented into construction, insulation, packaging, automotive, and others. The construction segment held the largest North America one-component polyurethane foam market share in 2023.

By end use, the North America one-component polyurethane foam market is bifurcated into residential and commercial. The residential segment held a larger North America one-component polyurethane foam market share in 2023.

By country, the North America one-component polyurethane foam market is segmented into the US, Canada, and Mexico. The US dominated the North America one-component polyurethane foam market share in 2023.

Henkel AG & Co KGaA, Sika AG, The Dow Chemical Co, BASF SE, Huntsman Corp, Industrial Products LTD, Selena Group, Tremco CPG Inc, and Soudal Group are some of the leading companies operating in the North America one-component polyurethane foam market.

Product Code: BMIRE00031311

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Market Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. North America One-Component Polyurethane Foam Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Threat of Substitutes:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Bargaining Power of Suppliers:
- 4.2.5 Competitive Rivalry:
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors or Suppliers
- 4.3.4 End-Use Industry
- 4.3.5 List of Vendors in the Value Chain

5. North America One-Component Polyurethane Foam Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rapid Growth in Residential Construction Sector
- 5.1.2 Soaring Demand from Automotive and Packaging Industries
5.2 Market Restraints
- 5.2.1 Stringent Government Regulations
5.3 Market Opportunities
- 5.3.1 Advancements in Product Technology
5.4 Future Trends
- 5.4.1 Rising Demand for Sustainable and Environment-Friendly Foam
5.5 Impact of Drivers and Restraints:

6. One-Component Polyurethane Foam Market - North America Analysis

6.1 North America One-Component Polyurethane Foam Market Volume (Kilo Tons), 2021-2031
6.2 North America One-Component Polyurethane Foam Market Volume Forecast and Analysis (Kilo Tons)
6.3 North America One-Component Polyurethane Foam Market Revenue (US$ Million), 2023-2031
6.4 North America One-Component Polyurethane Foam Market Forecast and Analysis

7. North America One-Component Polyurethane Foam Market Revenue Analysis - by Raw Material

7.1 MDI (Methylene Diphenyl Diisocyanate)
- 7.1.1 Overview
- 7.1.2 MDI (Methylene Diphenyl Diisocyanate): One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
7.2 TDI (Toluene Diisocyanate)
- 7.2.1 Overview
- 7.2.2 TDI (Toluene Diisocyanate): One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Polyether Polyols
- 7.3.1 Overview
- 7.3.2 Polyether Polyols: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Polyester Polyols
- 7.4.1 Overview
- 7.4.2 Polyester Polyols: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)

8. North America One-Component Polyurethane Foam Market Volume and Revenue Analysis - by Application

8.1 Construction
- 8.1.1 Overview
- 8.1.2 Construction: One-Component Polyurethane Foam Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.1.3 Construction: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Insulation
- 8.2.1 Overview
- 8.2.2 Insulation: One-Component Polyurethane Foam Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.2.3 Insulation: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Packaging
- 8.3.1 Overview
- 8.3.2 Packaging: One-Component Polyurethane Foam Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.3.3 Packaging: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Automotive
- 8.4.1 Overview
- 8.4.2 Automotive: One-Component Polyurethane Foam Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.4.3 Automotive: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: One-Component Polyurethane Foam Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.5.3 Others: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)

9. North America One-Component Polyurethane Foam Market Revenue Analysis - by End Use

9.1 Residential
- 9.1.1 Overview
- 9.1.2 Residential: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Commercial
- 9.2.1 Overview
- 9.2.2 Commercial: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)

10. North America One-Component Polyurethane Foam Market - Country Analysis

10.1 North America
- 10.1.1 North America One-Component Polyurethane Foam Market Breakdown by Key Countries, 2023 and 2031 (%)
  - 10.1.1.1 North America One-Component Polyurethane Foam Market Volume and Forecast and Analysis - by Country
  - 10.1.1.2 North America One-Component Polyurethane Foam Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.3 United States One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 United States One-Component Polyurethane Foam Market Breakdown by Raw Material
    - 10.1.1.3.2 United States One-Component Polyurethane Foam Market Breakdown by Application
  - 10.1.1.4 Canada One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 Canada One-Component Polyurethane Foam Market Breakdown by Raw Material
    - 10.1.1.4.2 Canada One-Component Polyurethane Foam Market Breakdown by Application
  - 10.1.1.5 Mexico One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.5.1 Mexico One-Component Polyurethane Foam Market Breakdown by Raw Material
    - 10.1.1.5.2 Mexico One-Component Polyurethane Foam Market Breakdown by Application
    - 10.1.1.5.3 Mexico One-Component Polyurethane Foam Market Breakdown by End-use

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions

13. Company Profiles

13.1 Henkel AG & Co KGaA
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Sika AG
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 The Dow Chemical Co
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 BASF SE
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Huntsman Corp
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Industrial Products LTD.
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Selena Group
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Tremco CPG Inc.
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Soudal Group
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments

14. Appendix

14.1 About The Insight Partners