San Francisco, California -- Hybrid Coating Technologies is set to enter the insulation market with an isocyanate-free spray foam.
Hybrid claims to be unique in its production of polyurethane without the use of isocyanates throughout the entire process and is eyeing up its potential in a market estimated at $35bn.
Hybrid’s president and chief executive officer Joseph Kristul said: "As the regulatory environment is starting to change quickly, forcing the industry to seek out non isocyanate polyurethane solutions, our technology is well positioned to be at the forefront of these solutions."
Utech-polyurethane previously reported on the US Environmental Protection Agency's moves to further regulate toxic chemicals and their use in the country.
As previously reported at Utech-polyurethane.com, Hybrid’s isocyanate-free coating technology was purchased by Mexico-based Comex in 2013, the second multi-million pound company to partner Hybrid, said the company at the time. The company also last year reached an agreement with an unidentified coatings manufacturer to license its isocyanate-free polyurethane coating in the US, as reported at the time.
By 2017, foamed plastic insulation, which is mostly comprised of polyurethane spray foam insulation, is expected to replace fibreglass as the most popular insulation in the US, said Hybrid in the press release.