ポリウレタンの米国市場

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