The foam industry is undergoing unprecedented change and growth as it adapts to new legislation and shifting consumer appetite.
Factors driving expansion include greater attention to environmental sustainability and energy conservation, as well as rising demand for versatile, use-specific foams.
By 2021, the polyurethane foam market is forecast to be worth $74.24 billion, growing at a CAGR of 8.4% between 2016 and 2021. During this period, spray foam is set to undergo the highest growth. Used for insulation, flotation and roofing, and packaging applications, spray foam is thriving largely thanks to heightened demand from end-user industries, such as building and construction.
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