Follow <a href="http://www.worldwayhk.com/usa/">U.S. investment immigration</a> and stay informed on <a href="http://www.worldwayhk.com/usa/">U.S. economic</a> news: Experts forecast that the <a href="http://www.worldwayhk.com/usa/">United States</a> polyurethane foam market will grow at an annual rate of 5%, with the market value expected to reach $7.2 billion by 2017.
The U.S. polyurethane foam market accounts for half of the U.S. plastic foam market, which is projected to reach a value of $14.1 billion by 2017. This indicates that the U.S. plastic foam market has emerged from the 2007–2012 recessionary slump and is currently experiencing growth.
Developments in the construction sector have catalyzed a high demand for rigid polyurethane, which is a highly effective insulation material for roofs and walls. However, experts also note that the growth of polyurethane foam in the building insulation market will face competition from glass fiber and expanded polystyrene.
Focus on new housing projects will marginally boost demand for rigid polyurethane foam. Meanwhile, as consumer awareness of memory foam mattresses and related products continues to rise, the bedding market is also expected to flourish. Experts point out that growth in areas such as carpet underlay is ultimately driven by the construction sector, particularly residential building, as well as the increasing application of high-end polyurethane foam. Rising production in motor vehicles is also a positive sign, as it implies a corresponding increase in demand for polyurethane elastic cushioning.
Experts further note that the packaging sector will remain the primary application area for plastic foam. The packaging industry experiences less dramatic cyclicality than other sectors and is currently mature, expected to maintain stable development. However, concerns regarding environmental issues will constrain growth in the packaging sector. Due to fears that the disposal of packaging foam may harm the environment, some regional governments have banned the production of foam food containers.
Nevertheless, the demand for polyurethane foam in the U.S. market will continue to be supported by its inherent cost and performance advantages.
