13 October 2010 23:13 [Source: ICIS news]
NEW YORK (ICIS)--The US market for polymeric foams is expected to reach nearly 8.6bn lbs (3.9bn kg) in 2015, up 13% from 7.6bn lbs in 2010, a market research firm said on Wednesday.
Those figures represent a five-year compound annual growth rate (CAGR) of 2.5%, noted US-based BCC Research.
The largest segment of the polymeric foams market is polyurethane (PU), which is expected to reach 4.4bn lbs in 2015, growing at a CAGR of 2.6%. PU in 2010 should be at an estimated 3.9bn lbs, according to the firm’s latest study.
Meanwhile, the polystyrene (PS) segment is projected to grow at a 2.1% CAGR, to 2.5bn lbs in 2015 from 2.2bn lbs in 2010, according to the firm.
The firm noted that some newer markets were also helping to drive growth for polymeric foams. Those included cross-linked polyolefin foam in leisure and sports goods; foamed polyvinyl chloride (PVC) for use in house siding, windows/doors, and other construction applications; and foams made from biopolymers and biodegradable polymers.
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