San Jose, California -- The global market for polymeric foams is projected to reach 18 million tonnes by the year 2015, with growth in the polyurethane market coming from sustained demand for spray polyurethane foam in construction insulation, according to a new report from Global Industry Analysts Inc. (GIA)
The report on the global market for polymer foams also notes that, "Asia-Pacific offers vast growth potential for polyurethane foams."
General growth in polymer foam use is led by the unique benefits of cellular materials compared to conventional materials, and by introduction of new applications, and growing interest in green building technologies, GIA adds.
The economic crisis resulted in a decline in demand for polymeric foams across most countries in 2008 and 2009, with several manufacturers to either close some of the plants or shut down all operations. Most countries are forecast to witness sluggish growth in the imminent future, according to GIA.
Growth is favoured by the emergence of new applications and the continuing focus on sustainable, green construction products.
San Jose-based GIA says that Asia Pacific constitutes the largest and fastest growing regional foam market.
Despite continued slow demand, GIA says that potential exists owing to sustained demand for SPF in industrial and residential insulation applications.
Major players profiled in the report include Abriso NV, Achilles USA Inc., American Excelsior Company, Armacell llc, BASF Plastics, Bayer MaterialScience Polyurethanes, British Vita plc, Carpenter Co., Celotex Ltd, Evonik Foams, Inc., Fagerdala World Foams AB, Foamex International Inc., Huntsman Corp., JSP Corp., Recticel, Rogers Corp., Sealed Air Corp., Sekisui Alveo AG, Tegrant Corp., Dow Chemical Co., Tekni-Plex Inc., and The Woodbridge Group.
The report provides annual sales estimates and projections for the years 2007 through 2015, and 2000 to 2006 by the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Types of foam analysed include polyolefin, polystyrene, polyurethane and others.
The 716-page report costs $4500 and is published in January 2011.