Академический Документы
Профессиональный Документы
Культура Документы
WWW.IBISWORLD.COM
Urethane Foam
Manufacturing in the US
May 2016
Jonathan DeCarlo
17 International Trade
Industry Definition
18 Business Locations
33 Industry Assistance
Main Activities
Similar Industries
20 Competitive Landscape
34 Key Statistics
Additional Resources
34 Industry Data
34 Annual Change
34 Key Ratios
4 Industry at a Glance
22 Basis of Competition
5 Industry Performance
23 Barriers to Entry
Executive Summary
24 Industry Globalization
Current Performance
25 Major Companies
Industry Outlook
30 Operating Conditions
30 Capital Intensity
14 Demand Determinants
15 Major Markets
32 Revenue Volatility
WWW.IBISWORLD.COM
Main Activities
Manufacturing plastic foam products (except polystyrene) for furniture and automotive seat cushions
Manufacturing plastic foam products (except polystyrene) for insulating automobiles and buildings
Manufacturing plastic foam shipping pads and shaped cushioning (except polystyrene)
Manufacturing plastic foam ice chests (coolers) and ice buckets (except polystyrene)
Manufacturing carpet and rug, urethane and other foam plastics (except polystyrene)
Manufacturing plastic foam products (except polystyrene) to shape, insulate and pad apparel products
Manufacturing hydrophilic plastic foams (except polystyrene) for absorptive medical products
Manufacturing plastic foam products (except polystyrene) for reducing noise and vibrations in electronic
appliances
Manufacturing plastic vacuum foam jugs (except polystyrene)
Manufacturing other nonfoam plastic products (except polystyrene) such as adhesives and coatings.
Similar Industries
WWW.IBISWORLD.COM
Additional Resources
IBISWorld
WWW.IBISWORLD.COM
Industry at a Glance
Urethane Foam Manufacturing in 2016
Key Statistics
Snapshot
Revenue
Profit
Exports
Businesses
4.1%
$11.2bn
$685.9m
$1.3bn
20
10
% change
FXI Foamex
Innovations
6.9%
10
0
% change
Market Share
-10
-30
Year 08
-10
-20
-20
Huntsman
Corporation
6.9%
2.4%
469
10
Revenue
12
14
16
18
20
-30
Year
22
09
11
13
15
17
19
21
Employment
SOURCE: WWW.IBISWORLD.COM
p. 25
10.8%
Nonurethane Foams
43.4%
12.5%
Rigid Foams
Flexible Foams
Demand from
construction
Price of plastic
materials and resin
16.5%
Other
Trade-weighted index
Demand from packaging
and labeling services
p. 5
16.8%
Semi-rigid Foams
Industry Structure
Mature
Low
Medium
Regulation Level
Medium
Technology Change
Medium
Barriers to Entry
Medium
Industry Assistance
Low
Industry Globalization
Concentration Level
Low
Competition Level
FOR ADDITIONAL STATISTICS AND TIME SERIES SEE THE APPENDIX ON PAGE 34
SOURCE:
WWW.IBISWORLD.COM
SOURCE:
WWW.IBISWORLD.COM
Low
Medium
WWW.IBISWORLD.COM
Industry Performance
Downstream
WWW.IBISWORLD.COM
Industry Performance
50
25
% change
% change
-10
-20
-30
Year
0
-25
09
11
13
15
17
19
21
-50
Year
09
11
13
15
17
19
21
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
Industry Performance
Current
Performance
Construction and
furniture
Automobile
production
Strong
activity in the
automotive, construction
and furniture sectors has
aided revenue
production has exhibited strong growth since
2011, demand for industry products from
major manufacturers has ramped up. In
addition, demand for more fuel-efficient
vehicles has raised demand for foam, which
offers low weight in addition to effective
sound and temperature insulation.
WWW.IBISWORLD.COM
Industry Performance
Low import
competition
Profit
margins have
fluctuated due to volatility
in the price of key industry
inputs
industry profit margins have bounced
back slightly. Although low input prices
have positively influenced profit levels,
they have also reduced average selling
prices across the industry. As a result,
industry growth is expected to slow to
2.7% in 2016.
WWW.IBISWORLD.COM
Industry Performance
Construction and
furniture
% change
Industry
Outlook
10
0
-10
-20
-30
Year 08
Revenue
10
12
14
16
18
20
22
Exports
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
Industry Performance
Transportation and
packaging
Industry landscape
A
WWW.IBISWORLD.COM
Industry Performance
Life Cycle Stage
20
Maturity
Quality Growth
Company
consolidation;
level of economic
importance stable
15
10
Quantity Growth
Plastic Film,
Sheet & Bag Manufacturing
Carpet Mills
Chemical Wholesaling
Decline
-5
Shrinking economic
importance
-10
-10
-5
10
15
20
WWW.IBISWORLD.COM
Industry Performance
industry
is M
ature
WWW.IBISWORLD.COM
Supply Chain
Construction in the US
The construction sector uses foam for insulation.
31411
33522
33611a
33611b
33636
33712
33721
33791
32521
32599
42469
Flexible foams
Flexible foam products account for
43.4% of industry revenue. The major
products in this segment include highresiliency foam for bedding and furniture
upholstery, as well as fabric coatings and
synthetic fibers. This product segment is
has contracted slightly over the five years
to 2016, as other product segments have
expanded faster. Nevertheless, sales of
products within this category have
increased steadily during the past five
years as the key furniture-related
industries have expanded, fueled by
falling unemployment and increased
WWW.IBISWORLD.COM
10.8%
Nonurethane
Foams
43.4%
12.5%
Rigid Foams
Flexible Foams
16.5%
Other
Total $11.2bn
16.8%
Semi-rigid Foams
Demand
Determinants
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
Demand
Determinants
continued
Major Markets
3.9%
Packaging manufacturers
and suppliers
Consumers and institutions
29.9%
8.4%
11.0%
Furniture and
furnishing manufacturers
11.0%
11.7%
Total $11.2bn
Exports
24.1%
Other
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
Major Markets
continued
WWW.IBISWORLD.COM
industry are
Mediumand
Increasing
Imports
in the
industry are L ow
and S
teady
$ million
International Trade
500
0
-500
-1000
Year 08
Exports
10
12
Imports
14
16
18
20
22
Balance
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
West
New
England
AK
0.2
Great
Lakes
WA
ND
MT
1.0
Rocky
Mountains
ID
OR
1.0
West NV
0.6
1.9
SD
0.5
WY
0.0
MN
0.2
0.0
Plains
CO
1.3
KY
0.6
OK
1.6
NC
9.0
TN
AZ
NM
0.8
0.6
Southwest
TX
9.8
HI
0.0
2 NH
3 MA
4 RI
5 CT
6 NJ
7 DE
8 MD
0.2
1.3
0.0
2.2
2.1
0.3
SC
Southeast
1.1
MS
AL
0.3
0.6
GA
2.5
3.5
LA
0.5
FL
3.8
Establishments (%)
0.5
0.5
AR
0.8
3.2
11.9
WV VA
1.6
2.5
1.7
CA
West
5.4
MO
KS
1.4
OH
4.6
2.7
3.8
IN
IL
0.2
UT
PA
4.9
0.8
0.8
1 2
3
NY
2.7
5 4
MI
2.7
IA
NE
0.0
WI
ME
MidAtlantic
9 DC
0.0
Less than 3%
3% to less than 10%
10% to less than 20%
20% or more
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
20
10
Southwest
Southeast
Plains
New England
Rocky Mountains
Establishments
Mid-Atlantic
Great Lakes
0
West
Business Locations
Population
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
20
Competitive Landscape
in
this industry is L ow
identifies
250 Key Success
Factors for a
business. The most
important for this
industry are:
Cost Structure
Benchmarks
Economies of scale
Manufacturers with larger plastic
resin requirements may be in a
stronger position to negotiate lower
prices with suppliers.
Output is sold under contract incorporate long-term sales contracts
Negotiation of long-term supply
contracts with large customers (with
price escalation clauses) can protect an
industrys profitability.
WWW.IBISWORLD.COM
21
Competitive Landscape
Industry Costs
(2016)
7.7
6.1
11.9
13.0
54.7
59.1
100
80
Percentage of revenue
Cost Structure
Benchmarks
continued
n Profit
n Wages
n Purchases
n Depreciation
n Marketing
n Rent & Utilities
n Other
60
40
20
0.7
2.6
2.0
19.9
0.1
2.1
2.4
17.2
0
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
22
Competitive Landscape
Cost Structure
Benchmarks
continued
Basis of Competition
Level & Trend
ompetition
C
in
this industry is
Mediumand the
trend is S
teady
WWW.IBISWORLD.COM
23
Competitive Landscape
Basis of Competition
continued
Barriers to Entry
Level & Trend
arriers to Entry
B
Medium
Low
Mature
Medium
Medium
Medium
Low
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
24
Competitive Landscape
Barriers to Entry
continued
Industry
Globalization
International trade is a
major determinant of
an industrys level of
globalization.
Exports offer growth
opportunities for firms.
However there are legal,
economic and political risks
associated with dealing in
foreign countries.
Import competition can
bring a greater risk for
companies as foreign
producers satisfy domestic
demand that local firms
would otherwise supply.
Trade Globalization
200
Export
150
100
50
0 Local
0
Urethane Foam
Manufacturing
Import
40
160
80
120
Imports/Domestic Demand
200 Export
Exports/Revenue
in this
industry is L owand
the trend is S
teady
Exports/Revenue
Global
150
100
50
2016
2002
0 Local
0
Import
40
80
120
160
Imports/Domestic Demand
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
Major Companies
Major players
(Market share)
75.2%
Other
Player Performance
The Dow Chemical
Company
Market share: 11.0%
SOURCE: WWW.IBISWORLD.COM
Revenue
($ million)
(% change)
2011
1,334.0
N/C
91.1
N/C
2012
1,431.0
7.3
153.1
68.1
2013
1,422.7
-0.6
188.9
23.4
2014
1,449.2
1.9
210.3
11.3
2015
1,161.8
-19.8
200.9
-4.5
2016
1,234.3
6.2
215.2
7.1
*Estimates
Operating Income
($ million)
(% change)
WWW.IBISWORLD.COM
Major Companies
Player Performance
continued
Player Performance
FXI Foamex
Innovations
Market share: 6.9%
Revenue
($ million)
(% change)
Operating Income
($ million)
2011
2012
588.0
N/C
40.0
N/C
654.1
11.2
46.4
16.0
2013
684.8
4.7
43.1
-7.1
(% change)
2014
726.6
6.1
42.1
-2.3
2015
741.4
2.0
44.5
5.7
2016
772.2
4.2
46.7
4.9
*Estimates
SOURCE: IBISWORLD
WWW.IBISWORLD.COM
Major Companies
Player Performance
continued
Player Performance
Huntsman
Corporation
Market share: 6.9%
Revenue
($ million)
2011
850.8
N/C
90.0
N/C
2012
939.1
10.4
139.3
54.8
2013
952.5
1.4
133.6
-4.1
(% change)
Operating Income
($ million)
(% change)
2014
965.6
1.4
128.4
-3.9
2015
731.3
-24.3
99.0
-22.9
2016
776.9
6.2
106.1
7.2
*Estimates
WWW.IBISWORLD.COM
Major Companies
Player Performance
continued
Financial performance
In the five years to 2016, Huntsmans
revenue from the polyurethane segment is
expected to decrease at an annualized rate of
1.8% to $776.9 million. Automotive and
construction sector growth throughout the
period has promoted greater use of foam
products by a wide range of downstream
industries. Some of Huntsmans largest
customers are automotive producers such as
BMW and Firestone, as well as electronics
and appliance makers such as Electrolux
and Haier. Improving income levels have
driven up purchases of these products, as
well as encouraged greater investment in
construction. At the same time, planned
maintenance to meet emissions regulations
resulted in a significant drop in US-specific
revenue in 2015. Coupled with a fall in crude
oil purchase costs reducing selling prices,
revenue is declined 5.4% in 2015. However,
continually strong downstream demand,
together with a deceleration in crude oil
prices, are strong indications of rebounding
industry revenue in 2016.
Other Companies
Carpenter Co.
Rogers Corporation
WWW.IBISWORLD.COM
Major Companies
Other Companies
continued
WWW.IBISWORLD.COM
Operating Conditions
of capital
intensity is M
edium
Capital intensity
Economy
Information, Communications,
Mining, Finance and Real
Estate. To increase revenue
firms need superior debt
management, a stable
macroeconomic environment
and a sound investment plan.
Chemical Wholesaling
Plastic & Resin Manufacturing
Old Economy
Plastic Film,
Sheet & Bag
Agriculture and Manufacturing.
Manufacturing
Carpet Mills
Traded goods can be produced
Chemical Product Manufacturing
using cheap labor abroad.
Capital Intensive
Labor Intensive
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
Operating Conditions
Capital Intensity
continued
of
Technology Change
is M
edium
WWW.IBISWORLD.COM
Operating Conditions
Revenue Volatility
of
Volatility is L ow
Volatility vs Growth
1000
Level
The level
Hazardous
Rollercoaster
100
10
Urethane Foam
Manufacturing
1
0.1
Stagnant
30
10
Blue Chip
10
30
50
70
WWW.IBISWORLD.COM
Operating Conditions
Regulation is
Mediumand the
trend is S
teady
Industry Assistance
Level & Trend
he level of
T
Industry Assistance
is L owand the
trend is S
teady
WWW.IBISWORLD.COM
34
Key Statistics
Industry Data
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Sector Rank
Economy Rank
Industry
Revenue Value Added
($m)
($m)
11,192.2
1,992.8
10,894.3
1,880.4
7,897.3
1,804.4
8,656.8
2,083.3
9,194.7
2,015.9
10,043.2
2,151.8
10,348.2
2,091.5
10,797.5
2,132.0
10,949.0
2,310.6
11,244.3
2,376.9
11,590.4
2,439.5
11,857.9
2,491.6
12,109.5
2,536.5
12,381.3
2,596.0
12,636.8
2,645.4
125/200
130/200
640/1556
748/1556
Annual Change
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Sector Rank
Economy Rank
Revenue
(%)
-2.7
-27.5
9.6
6.2
9.2
3.0
4.3
1.4
2.7
3.1
2.3
2.1
2.2
2.1
50/200
723/1556
Key Ratios
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Sector Rank
Economy Rank
IVA/Revenue
(%)
17.81
17.26
22.85
24.07
21.92
21.43
20.21
19.75
21.10
21.14
21.05
21.01
20.95
20.97
20.93
122/200
1171/1556
Industry
Value Added
(%)
-5.6
-4.0
15.5
-3.2
6.7
-2.8
1.9
8.4
2.9
2.6
2.1
1.8
2.3
1.9
55/200
721/1556
Imports/
Demand
(%)
3.70
3.75
4.13
5.13
5.25
5.18
5.14
5.79
5.37
5.38
5.39
5.40
5.40
5.41
5.41
163/188
433/523
Establishments
648
671
655
622
636
637
631
653
661
672
683
695
701
712
719
106/200
999/1556
Establishments
(%)
3.5
-2.4
-5.0
2.3
0.2
-0.9
3.5
1.2
1.7
1.6
1.8
0.9
1.6
1.0
39/200
666/1556
Exports
Enterprises Employment
($m)
454
34,825
1,047.9
467
33,283
1,028.3
450
26,985
831.7
431
25,977
1,013.5
451
27,086
1,164.7
446
28,814
1,215.1
444
28,437
1,223.9
458
29,456
1,334.3
461
31,329
1,285.4
469
32,024
1,310.9
477
32,591
1,345.5
484
33,199
1,373.2
489
33,470
1,399.2
495
34,080
1,427.4
500
34,425
1,453.7
116/200
109/200
123/188
990/1556
733/1556 178/524
Enterprises Employment
(%)
(%)
2.9
-4.4
-3.6
-18.9
-4.2
-3.7
4.6
4.3
-1.1
6.4
-0.4
-1.3
3.2
3.6
0.7
6.4
1.7
2.2
1.7
1.8
1.5
1.9
1.0
0.8
1.2
1.8
1.0
1.0
38/200
29/200
587/1556
611/1556
Exports/
Revenue
(%)
9.36
9.44
10.53
11.71
12.67
12.10
11.83
12.36
11.74
11.66
11.61
11.58
11.55
11.53
11.50
120/188
321/524
Revenue per
Employee
($000)
321.38
327.32
292.66
333.25
339.46
348.55
363.90
366.56
349.48
351.12
355.63
357.18
361.80
363.30
367.08
129/200
623/1556
Exports
(%)
-1.9
-19.1
21.9
14.9
4.3
0.7
9.0
-3.7
2.0
2.6
2.1
1.9
2.0
1.8
53/188
249/524
Imports
($m)
389.3
384.9
304.2
413.3
445.3
481.8
494.9
581.1
547.9
565.1
584.0
598.3
611.9
626.5
640.2
172/188
301/523
Imports
(%)
-1.1
-21.0
35.9
7.7
8.2
2.7
17.4
-5.7
3.1
3.3
2.4
2.3
2.4
2.2
109/188
326/523
Wages/Revenue
(%)
13.01
12.46
14.55
13.27
12.92
12.83
12.31
12.55
13.00
12.99
12.90
12.88
12.77
12.76
12.68
104/200
1053/1556
Wages
($m)
1,455.6
1,357.4
1,148.9
1,148.4
1,188.4
1,288.1
1,274.0
1,354.7
1,423.7
1,460.4
1,494.6
1,527.2
1,546.9
1,579.9
1,602.5
116/200
719/1556
Wages
(%)
-6.7
-15.4
0.0
3.5
8.4
-1.1
6.3
5.1
2.6
2.3
2.2
1.3
2.1
1.4
36/200
655/1556
Employees
per Est.
53.74
49.60
41.20
41.76
42.59
45.23
45.07
45.11
47.40
47.65
47.72
47.77
47.75
47.87
47.88
98/200
322/1556
Average Wage
($)
41,797.56
40,783.58
42,575.50
44,208.34
43,875.06
44,703.96
44,800.79
45,990.63
45,443.52
45,603.30
45,859.29
46,001.39
46,217.51
46,358.57
46,550.47
157/200
886/1556
Share of the
Economy
(%)
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
130/200
748/1556
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
Industry Jargon
IBISWorld Glossary
WWW.IBISWORLD.COM
IBISWorld Glossary
continued
Who is IBISWorld?
We are strategists, analysts, researchers, and marketers. We provide
answers to information-hungry, time-poor businesses. Our goal is to
provide real world answers that matter to your business in our 700 US
industry reports. When tough strategic, budget, sales and marketing
decisions need to be made, our suite of Industry and Risk intelligence
products give you deeply-researched answers quickly.
IBISWorld Membership
IBISWorld offers tailored membership packages to meet your needs.
Disclaimer
This product has been supplied by IBISWorld Inc. (IBISWorld) solely for use
by its authorized licenses strictly in accordance with their license agreements
with IBISWorld. IBISWorld makes no representation to any other person
with regard to the completeness or accuracy of the data or information
contained herein, and it accepts no responsibility and disclaims all liability
(save for liability which cannot be lawfully disclaimed) for loss or damage
whatsoever suffered or incurred by any other person resulting from the use