US: Demand for plastic foams in the US is forecast to rise 2.3%/yr to 4Mt in 2020, valued at US$25.2bn, according to a report by the Freedonia Group. A report summary stated that growth will decelerate from the rate posted during the 2010-2015 period and that the construction sector is anticipated to lead growth prospects, which will see additional opportunities for foam insulation products bolstered by increasing construction activity.
Elsewhere, rising consumer spending levels will bode well for foams used in household products such as bedding, furniture and appliances. In the motor vehicle market, advances will slow in tandem with slowing motor vehicle production and by trends towards smaller, more fuel efficient cars that require less foam on a per vehicle basis.
