Microcellular polyurethane foams are utilized in varied applications, such as automotive, building & construction, electronics, medical, aerospace, and others. Major players involved in the manufacturing of microcellular polyurethane foams in North America include BASF SE, Huntsman Corporation, The Dow Chemical Company, Evonik Industries, Saint-Gobain Performance Plastics, Roger Corporation, INOAC Corporation, and others.
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Among varied applications of the North America microcellular polyurethane foam market, the automotive application segment accounted for the highest revenue in 2015 with 27.8% share of the market, in terms of value. It is followed by the building & construction application segment, which has a share of 16.4% of the market in the same year. By type, the high density foam segment dominated the North America microcellular polyurethane foam market in 2015, accounting a share of 56.1% in terms of volume. As high density and low density microcellular polyurethane foams differ, in terms of cost and properties offered by them, it is very important for the various end-use industries to use the type of foams that meet their specific requirements.
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The U.S. dominated the North America microcellular polyurethane foam market in 2015, accounting for a share of 72.5% in terms of volume, followed by Canada and Mexico. The microcellular polyurethane foam market in the U.S. is projected to grow due to the rapidly growing automotive, building & construction, and electronics industries that consume microcellular polyurethane foams. Growth in demand of microcellular polyurethane foams is also being witnessed in the footwear, cushion, and mattress industries.
Canada accounted for the second-largest share of 15.1% of the North America microcellular polyurethane foam market, in terms of volume, in 2015. Growth of the market in Canada is attributed to the increasing consumer durable exports and sales of packaged goods. Also, the furniture industry is one of the largest industries in Canada and exports furniture products globally. Hence, this industry also boosts the demand of microcellular polyurethane foam in Canada as microcellular polyurethane foam is widely consumed by this industry.
Mexico is the third-largest market in North America with a market share of 9.0%, in terms of volume, in 2015. Continuously growing low-cost automotive manufacturing in Mexico results in the increasing usage of microcellular polyurethane foams in automotive interiors and exteriors, thus boosting the demand of these foams.
