Printer Friendly

Foamed plastics demand in the US is projected to grow three percent annually to eight billion pounds in the year 2003, valued at nearly $18 billion.

Foamed plastics demand in the US is projected to grow three percent annually to eight billion pounds in the year 2003, valued at nearly $18 billion. Price increases will be driven by rising raw material costs as well as greater use in higher value-added products. Foamed urethane will provide the best opportunities based on widespread use in insulation and cushioning products. Foamed polystyrene demand will be fueled by increased use in a number of new insulation products and renewed growth in packaging applications. Construction will remain the leading foamed plastic market based on heightened energy efficiency standards and needs for higher performing materials. These and other trends are presented in Foamed Plastics, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

Foamed urethane demand is projected to total 4.3 billion pounds in the year 2003. Advances will be stimulated by cushioning applications for foamed flexible urethane in furniture, bedding, carpet backing and other areas. Particularly good growth is expected in shock absorption and acoustical filtration applications. Foamed rigid urethane is a highly efficient thermal insulating material with widespread building, tank, pipe and appliance uses. The material may also be foamed-in-place or used as the core insulating material in structural panels.

Foamed polystyrene demand will be driven by the resin's good thermal insulation and protective cushioning capabilities. Packaging applications will rebound in light of the material's low cost and advantages over paper-based materials. Good growth for expandable polystyrene is expected in new areas such as geofoam (land stabilization), structural insulated panels and insulated concrete forms.

Construction markets for foamed plastics will be stimulated by opportunities in insulation, flooring, carpet padding and other areas. Insulation growth will be fueled by the superior insulating qualities of urethane and polystyrene foams compared to fiberglass, coupled with their competitive costs, ease of installation and ability to be added to existing structures through foamed-in-place techniques. Household product uses will be propelled by rising consumer spending patterns and increased purchases of foamed flexible urethane in mattress, furniture and bedding products, as well as rigid insulating foams in major appliances such as refrigerators.

Foamed Plastics (published 6/99, 215 pages)is available for $3500 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail pr@freedoniagroup.com. Full text is also available online through commercial database companies and the www.freedoniagroup.com Web site.

Please attribute information from this news release to The Freedonia Group (Cleveland, OH) and include, if possible, the price of the report. We would also appreciate a copy of the article or publication in which we appear.
COPYRIGHT 1999 Subscription: $00.00 per year as of 1/94. Published irregularly. Contact Freedonia Group, 3570 Warrensville Cente
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Comment:Foamed plastics demand in the US is projected to grow three percent annually to eight billion pounds in the year 2003, valued at nearly $18 billion.
Publication:Research Studies - Freedonia Group
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 1, 1999
Words:448
Previous Article:US demand for plastics processing machinery is projected to expand 5.8 percent annually to $2.9 billion in 2003.
Next Article:Demand for windows and doors in the US is expected to reach $22 billion in 2003 on advances of one percent per year including price increases.
Topics:


Related Articles
Glass fiber demand in the US is forecast to advance 2.2 percent annually to 6.5 billion pounds in the year 2003, valued at $5.5 billion.
US demand for thermal insulation is forecast to rise 2.3 percent annually through 2002 to 7.2 billion pounds, valued at $5 billion.
Demand for resins used in plastic film in the US is forecast to expand 3.3 percent per year to 14.7 billion pounds in the year 2002, valued at $9.1...
US INSULATION DEMAND TO REACH 7.6 BILLION POUNDS IN THE YEAR 2004.
US GLASS FIBERS DEMAND TO REACH 6.8 BILLION POUNDS IN THE YEAR 2005.
World Insulation demand to exceed 13 billion square meters of R-1 value in 2006.
US glass fiber demand to reach nearly 7 billion pounds in 2007.
US plastic container demand to reach 14.2 billion pounds in 2010.
US Plastic Film demand to reach 15.2 billion pounds in 2010.
US injection molded plastics demand to approach 16 billion pounds in 2010.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters