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The 2017 “Economic Benefits of the U.S. Polyurethanes Industry” report shows increased contributions to the U.S. economy during the last year.

WASHINGTON (November 6, 2018) – The Center for the Polyurethanes Industry (CPI) of the American Chemistry Council (ACC) recently released the latest “ Economic Benefits of the U.S. Polyurethanes Industry” report, which showed the polyurethanes industry directly contributing $37.9 billion to the U.S. economy in 2017, an increase from the $28.6 billion reported in the 2015 report.

CPI Econ Report 2018 The report, which was released in October, showed numerous contributions to the economy due in part to generating upstream jobs in direct supplier industries and even more in expenditure-induced employment.

The report explains that nearly five jobs are created for each job in the U.S. polyurethanes industry because the spending activity generated by the polyurethanes industry is used to support other industries and jobs through purchases, services and wages.

“The polyurethanes industry is vital to the economy,” Lee Salamone, senior director of CPI, said. “Our industry operates in nearly 1,000 locations around the country, and we provide 55,600 jobs in the manufacture of polyurethane raw materials and polyurethane products.”

Direct economic impacts are only part of the story, according the report, which states that the business activity generated by the polyurethanes industry indirectly supports an additional $48.7 billion in output and more than 214,500 additional jobs in other sectors of the economy.

“Plenty of downstream industries, like transportation, building and construction, furniture and bedding and appliances, rely on polyurethane products,” Salamone said. “As a result, our industry is able to support additional economic output and jobs.”

In total, the business of manufacturing polyurethane materials and polyurethane products supports more than 270,000 jobs and $86.6 billion in output. Further, polyurethane products are used in industries across the economy generating nearly $300 billion in output and employing more than 1 million workers.

CPI’s mission is to promote the growth of the North American polyurethanes industry through effective advocacy, delivery of compelling benefits messages demonstrating how polyurethanes deliver sustainable outcomes, and creation of robust safety education and product stewardship programs. CPI’s members include the nation’s leading suppliers, producers and distributors of chemicals and equipment used to make polyurethane and manufactures of polyurethane products.

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