Electronics & appliances id estimated to grow at fastest pace with significant CAGR

North America Polyurethane (PU) Market is expected to reach USD 19.18 billion by 2024. Polyurethane (PU) is a most adaptable plastic material formed by reacting a polyol with a polymeric isocyanate or di-isocyanate in presence of additives and catalyst. It is also termed as polycarbamates. They have high abrasion resistance, low in cost, good low temperature quality, and wide molecular structural variability. North America Polyurethane (PU) Market is estimated to grow at a significant CAGR of 4.2% over the forecast period as the scope and its applications are rising enormously across the globe.

Increasing anxiety regarding energy efficacy in the region, technological enhancement, growing customer awareness regarding thermal insulation, rising shift towards sustainable construction, and presence of major industries in the region are documented as major factors of North America Polyurethane (PU) Market that are estimated to enhance the growth in the years to come. However, poor thermal capability and weather ability and its flammable property may restrain overall market growth in the coming years. North America Polyurethane (PU) industry is segmented based on product type, end use, and region.

Polyurethane elastomers, rigid polyurethane foam, adhesives & sealants, flexible polyurethane foam, polyurethane coatings, and other product types could be explored in North America Polyurethane (PU) in the forecast period. Polyurethane elastomers sector comprises cast polyurethane elastomers, sprayed polyurethane elastomers, and others.

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Rigid polyurethane foam sector accounted for the substantial market share of North America Polyurethane (PU) and is estimated to continue its dominance in the coming years. However, flexible polyurethane board is estimated to have high demand from end users like transportation, packaging, furniture, bedding, textiles, and others as they have good handling strength, durability, energy absorption property, and resiliency.

The market may be categorized based on end users like packaging, furniture & bedding, footwear, construction, automotive, electronics & appliances, and others that could be explored in the forecast period. Construction sector accounted for the substantial market share of North America Polyurethane (PU) and is estimated to lead the overall market in the coming years. This may be because of high spending in the United States, to improve public infrastructure and existing road. Also, electronics & appliances id estimated to grow at fastest pace with significant CAGR in the coming years.

The United States accounted for the substantial market share of North America Polyurethane (PU) and is estimated to lead the overall market in the coming years. The reason behind the overall market could be high demand for PU products from several end users like automotive, furniture, packaging, and construction and high consumer disposable income.

Mexico follow suit and is estimated to have a positive influence on the future growth. Also, it is estimated to grow at significant CAGR in the coming years. The aspects that may be ascribed to the growth comprise growing demand for lightweight and energy-efficient materials.

The key players of North America Polyurethane (PU) Market are Alchemie Ltd., BASF, Mitsui Chemicals America, Inc., The Dow Chemical Company, Tosoh America, Inc., Bayer Material Science, and Huntsman Corporation. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Rising demand for adhesives from automotive and construction sector is anticipated to drive the market growth

August 21, 2020 – The global insulated glass adhesives & sealants market size is expected to reach USD 8.29 billion by 2025 expanding at a CAGR of 6.7%. Rising demand for high-performance adhesives from automotive and construction sector is anticipated to drive the market growth. Insulated glass is extensively used in windows, doors, and windshield.

Adhesives & sealants are used to fix insulated glass unit to an assembly. They help restrict the penetration of air, liquid, and solid particles and provide stability and strength to the unit. The high bonding speed, superior thermal stability, and extreme weather resistance offered by these adhesives are expected to augment their demand further.

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https://www.radiantinsights.com/research/adhesives-and-sealants-for-insulated-glass-market

Rising spending in the construction sector, especially in emerging economies of Asia Pacific and Middle East, owing to growing population and robust economic development is expected to positively impact the product penetration. The construction industry, especially in China and India, is estimated to grow at a significant rate owing to increasing demand for housing infrastructure. For instance, India has a requirement of investments worth USD 777.73 billion in infrastructure by 2022. This is expected to provide lucrative opportunities for the market. Polyurethane (PU) sealant acquired the highest market share in 2017 for bonding insulated glass. These high-grade solutions possess great impact and chemicals resistance. They are widely utilized across several industries, such as construction and automotive.

It requires a catalyst or an evaporation process with the help of air or heat, to complete the curing process. However, PU adhesives & sealants have some constraints like short shelf-life due to water absorption tendency and lengthy curing process. Silicone sealants segment is predicted to expand at the fastest CAGR during the estimate period on account of fast bonding speed and extreme weather resistance offered by these sealants. Silicone is considered as an ideal sealant for the colder temperature. Moreover, the longer lifespan as opposed to PU sealants is expected to drive the segment. Latin America is poised to witness significant growth in coming years. Booming automotive industry and increasing construction activities in the region are expected to drive the growth.

In addition, Latin American countries, such as Brazil, Mexico, and Argentina, are emerging as automobile manufacturing hubs owing to flexible regulations and availability of cheap labor. Major companies who have consolidated the market include Huntsman Corp., Henkel AG & Co. KGaA, Dow Corning, 3M Company, and Commerling. Acquisition and expansion are the key strategic initiatives undertaken by most of these companies to improve their market share and sustain competition. For instance, in January 2017, Momentive Performance Material acquired Sea Lion Technology, a U.S.-based chemical manufacturer. The deal comes as a part of business strategy to expand their silane manufacturing capacity.

Further key findings from the study suggest:

• Polyurethane led the insulated glass adhesives & sealants market in 2017 with a revenue share of 31.9% owing to low cost and strong adhesion properties

• In terms of volume, silicones are likely to witness the fastest CAGR over the forecast period due to high thermal stability and quick bonding speed offered by them

• In terms of revenue, automotive & transportation segment is estimated to register the fastest CAGR of 7.2% from 2018 to 2025

• Asia Pacific acquired the highest volume share of the global market in 2017 owing to rapid industrialization and increased construction activities in the region

• Acquisition is a key strategy undertaken by the manufacturers to expand their product portfolio and gain competitive advantage.

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Anti-Static Shoes Extends its Protection to Humans and Electronic Devices

Growing necessity for products offering advanced protection for human body and electronic devices from electrostatic build up can fuel demand for anti-static shoes. Such shoes can reduce excess static electricity via redirection of charges from body to ground.

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https://www.radiantinsights.com/research/global-and-chinese-anti-static-shoes-industry-2018

Shoes Made from Polyurethane to Enhance Stability and Comfort

Major product variants for anti-static shoes are segmented polyurethane (SPU), polyvinyl chloride (PVC), polyurethane (PU), rubber, ethylene-vinyl acetate (EVA). In the coming years, polyurethane segment is expected to witness maximum growth owing to comfort and stability, and electrostatic dissipative properties. Growing necessity of electronic devices and health safety are likely to impel demand for advanced protection from shoes. To cater to rising demand, most manufacturing companies are focusing on R&D activities to design innovative shoes for consumer use.

For instance, Asheville recently launched a shoe based on abrasion resistant mesh to provide an athletic fit and feel. These shoes are likely to be perfect for electronic industries owing to electrostatic dissipative technology. In addition, right and left asymmetrical aluminum toes can offer exceptionally lightweight and protection for toe. Moreover, PU midsole, removable metatomical PU footbed, and oil and slip resistant non-marking PU outsole are presumed to offer stability and comfort to users.

Market Insights

The global and Chinese anti-static shoes market is expected to display phenomenal volume by 2023, according to a report on Radiant Insights, Inc. Growing demand for safety shoes in various manufacturing units and service centers can fuel growth of market. Stringent government regulations towards safety measures inside manufacturing companies dealing in electronic products is likely to stimulate growth of the market. Rising safety concerns to reduce rising number of industrial accidents due to electrostatic buildup is expected to drive market growth. Growing awareness regarding benefits of safety shoes such as protection from electrostatic build-up can stimulate growth of the market during the forecast period (2018 to 2023).

Some of the prominent companies operating in the market for anti-static shoes are ABEBA, Airtox International, ASTRA, AIMONT, and COFRA.

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