Polyurethanes Double-Digit Growth Due in Part to Coatings
HOUSTON - The results of the 2004 End Use Market Survey of the Polyurethanes Industry in the United States, Canada and Mexico indicate that the polyurethanes industry has been on a firm growth track during the last two years. Between 2002 and 2004, production of polyurethane products grew 10.8 percent overall due to general economic growth since the 9/11 attack, as well as returning consumer confidence and an increasing use of polyurethane materials in products that promote greater comfort in the living environment. This compares to relative flat growth experienced between 2000 and 2002.
Angela Austin of IAL Consultants, Houston, the firm that conducted the survey, commented, "During the past two years, the North American polyurethanes industry has balanced the reality of raw material shortages and deteriorating production economics with growth in a number of product areas that impact quality of life. In the United States, that growth has been stimulated by new products, such as viscoelastic foam and low-density rigid spray foams, as well as changes in consumer spending on such items as hardwood floors that require polyurethane coatings. Consumers have been purchasing larger refrigerators for their kitchens and additional units for other areas of the house, and larger vehicles, including minivans and SUVs, all of which use substantial amounts of polyurethane."