March 26, 2019
WELLESLEY, Mass., March 26, 2019— A new report from BCC Research, “Global Markets for Foam Coating,” estimates that by 2023, the global market for foam coatings will reach $29.3 billion, up from $20.5 billion in 2018, indicating a compound annual growth rate (CAGR) of 7.4%.
Foam is used in many applications, and the demand for coatings will continue to grow as companies formulate and develop new foam coatings. Foam coatings have many applications across numerous industries including Original Equipment Manufacturers (OEM), industrial manufacturing, aerospace, automotive, construction, industrial maintenance and military.
“The demand for foam coating is expected to rise rapidly… due to its increased use in the consumer electronics industries…increase in demand of durable coatings, coupled with green environmental regulations,” said BCC Research analyst Abhigyan Sengupta.
EPA Regulations on Polyurethane
On January 8, 2015, the U.S. EPA announced action to protect consumers from importing and using harmful isocyanates in polyurethane, as they make the material highly vulnerable to environmental degradation and may lead to chemical decomposition after coming in contact with water. The Significant New Use Rule (SNUR), a proposed action by the EPA, would require importers and manufacturers to inform the EPA 90 days before resuming or starting new usage of isocyanates.
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Global Markets for Foam Coating( CHM101A )
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