North America Polyurethane Injections Market - Segmented by End-Use, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The North America polyurethane injections market is expected to witness a CAGR of ~7%, during the forecast period, 2018 - 2023. United States dominated the North America polyurethane injections market in 2017.
Growth in Revitalization of Public Infrastructure Projects in North America to Drive the Market
In most countries of North America, the public sector infrastructure is approaching the end phase of its life cycle. The maintenance costs have increased far faster than state and local tax revenues allocated for their purposes. This condition is further magnified by an inability to borrow money due to existing high debt obligations, and very high borrowing costs because of low bond ratings. Hence, as repair of existing public sector infrastructure is the most feasible solution, there is an immense potential for the application of polyurethane injection products, which is driving the market.
Infrastructure Repair – The Dominating End-Use Segment
By end-user, infrastructure repair dominated the North America polyurethane injections market in 2017. Polyurethane Injections are used to fill crack and joints for preventing water infiltration. These injections are also used to strengthen foundation, to raise, re-level, and re-support residential, commercial, and industrial buildings: houses, home units, factories, and warehouses. These are also applied in bridges to increase the bearing capacity of the ground to stabilize them. In North America, the United States is going through a maintenance crisis and is in extreme need of maintaining its existing roads, bridges, and buildings. With such expanding repair work needed in the country, the consumption of polyurethane injection in infrastructure repair too will rise through the forecast period.
United States – the Largest Market amongst Countries
The United States accounts for the highest share in the North American polyurethane injections market, accounting for about 60% of the regional share. The residential building activity in the country is expected to grow by 6%, while the non-residential construction is expected to grow at around 2%, in 2018. Overall, the construction industry in the country is expected to grow at around 5%, in 2018. Such positive growth is expected to help the United States market retain its dominating position during the forecast period.
Major Players: Sika AG, BASF SE, Huntsman Corporation, and Lafarge SA, amongst others.
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand, which end-use is dominating the market
Information about the countries, which are expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
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