Construction, Motor Vehicle Markets to Boost Plastic Foam Demand
Recovery from negative impacts of pandemic set to propel demand gains in 2022
CLEVELAND, April 15, 2022 -- US plastic foam demand is forecast to see 2.1% annual growth in volume terms through 2026, according to Plastic Foams: United States, a report recently released by Freedonia Focus Reports. Suppliers are projected to benefit from expanding production of plastic packaging, building products, mattresses, and motor vehicles. Faster gains will be prevented by efforts to reduce or eliminate the use of plastic foams due to environmental considerations.
Demand is projected to increase 3.3% in 2022 as the economy continues to rebound from the negative impact of the COVID-19 pandemic, up from 2.4% growth in 2021. Construction expenditures in real terms fell 2.3% in 2021, but are projected to expand 1.2% in 2022, helping boost demand in one of the largest markets for plastic foams. In addition, production of motor vehicles – another major market – is forecast to grow 9.0% in 2022, up from 4.2% in 2021.
These and other key insights are featured in Plastic Foams: United States. This report forecasts to 2022 and 2026 US plastic foam demand in pounds. Total demand is segmented by plastic foam type in terms of:
- polyurethane foam
- polystyrene foam
- other plastic foams such as high-density polyethylene (HDPE), polypropylene, and vinyl
Total demand is also segmented by market as follows:
- appliances and furniture
- motor vehicles
- other markets such as industrial; heating, ventilation, and air conditioning (HVAC); transport equipment other than motor vehicles; and electrical and electronic products
To illustrate historical trends, total demand and the various segments are provided in annual series from 2011 to 2021.
More information about the report is available at:
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Materials & Chemicals reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
SOURCE The Freedonia Group