U.S.: Polyurethanes Market 2024

Polyurethanes Market Size in the U.S.

The U.S. polyurethanes market reached $X in 2021, increasing by 6.4% against the previous year. Over the period under review, consumption saw resilient growth. Polyurethanes consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Polyurethanes Production in the U.S.

In value terms, polyurethanes production rose slightly to $X in 2021. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.2% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 36% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Polyurethanes Exports

Exports from the U.S.

In 2021, after three years of decline, there was growth in shipments abroad of polyurethanes in primary forms, when their volume increased by 3.4% to X tons. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 24%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, polyurethanes exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and China (X tons) were the main destinations of polyurethanes exports from the United States, with a combined 66% share of total exports. Belgium, Brazil, Taiwan (Chinese), the UK, Australia, Hong Kong SAR, Japan and the Netherlands lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +16.3%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and China ($X) appeared to be the largest markets for polyurethanes exported from the United States worldwide, with a combined 59% share of total exports. These countries were followed by Taiwan (Chinese), Japan, Belgium, the UK, Brazil, Hong Kong SAR, the Netherlands and Australia, which together accounted for a further 21%.

Belgium, with a CAGR of +9.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average polyurethanes export price amounted to $X per ton, surging by 12% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Polyurethanes Imports

Imports into the U.S.

In 2021, purchases abroad of polyurethanes in primary forms was finally on the rise to reach X tons after two years of decline. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyurethanes imports surged to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Canada (X tons) and China (X tons) were the main suppliers of polyurethanes imports to the United States, together accounting for 57% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +29.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyurethanes suppliers to the United States were Germany ($X), Canada ($X) and Italy ($X), with a combined 51% share of total imports. These countries were followed by China, Japan, South Korea, the Netherlands, Spain, Mexico, the UK, Belgium, Taiwan (Chinese) and France, which together accounted for a further 42%.

In terms of the main suppliers, China, with a CAGR of +24.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average polyurethanes import price amounted to $X per ton, picking up by 6.8% against the previous year. Overall, the import price, however, continues to indicate a noticeable reduction. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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