Washington DC -- The US polyurethane industry generated sales of $27.9 bn in 2017, according to figures from the American Chemistry Council.
The ACC is the parent of the Centre of Polyurethane Industry. It said the PU industry employed 55,600 people and paid them $3.3bn in 2017.
It supported a further 214,500 jobs through supply chain and payroll induced impacts. This is because the business buys raw materials and sells its products to down stream businesses which add value, the ACC explained.
In total the PU industry generated $2.1 bn in federal tax revenue, and a further $1.6 bn in state taxes.
Construction and building account for 38% of total PU use in the US. This is followed by two sectors: transport and marine, and the furniture and bedding industry. Both of these groups account for about 20% of US PU consumption in 2017.
The domestic refrigeration and freezer markets consume about 5% of the total amount of polyurethane in the US. Specialist packaging applications account for about 4% of polyurethane consumption, according to the ACC.