By Barry Copping, Plastics and Rubber Weekly, a Crain Publication
Posted 25 October 2010 10:25 am GMT
Croydon, UK -- According to a new technical market research report from Wellesley, Massachusetts-BCC Research, the US market for polymeric foams will amount to an estimated £7.6bn in 2010, but is expected to increase to nearly £8.6bn in 2015, giving a five-year compound annual growth rate (CAGR) of 2.5%.
Polyurethanes, the largest market segment, are expected to reach £4.4bn in 2015, after increasing at a CAGR of 2.6% from the estimated £3.9bn in 2010.
Polystyrene foams are projected to increase from an estimated £2.2bn in 2010 to £2.5bn in 2015, for a CAGR of 2.1%.
PVC foams are expected to increase from £638m in 2010 to £725m in 2015, for a CAGR of 2.6%.
The polyolefin foams segment is projected to reach £509m in 2015, after increasing at a CAGR of 2.8% from £443m in 2010.
The segment made up of all other foams is expected to amount to £376m in 2010, and to rise to £436m in 2015, for a CAGR of 3%.
In addition to mature, continuing markets for plastic foams, BCC notes newer developments such as cross-linked polyolefin foam in leisure and sports goods, and foamed PVC in house construction elements, windows and doors.
The consultancy attributes motivation for the latest work on foams made from biopolymers and biodegradable polymers to efforts directed to reducing US dependency on petroleum and natural gas, the feedstocks for the plastics that are currently foamed.
Polymeric Foams (ref. PLS008G) is available from BCC Research via www.bccresearch.com"