Structural Foam Market Boost The Industry Growth at USD 42.2 Billion By 2025 : Grand View Research Inc.
San Francisco, 19 November 2019: The Report Structural Foam Market Analysis By Product (Polyethylene, Polypropylene, Polystyrene, Polyurethane) By Application (Material Handling, Construction, Automotive, Electronics), And Segment Forecasts, 2018 – 2025 The global structural foam market is expected to reach USD 42.2 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness growth at 5.8%CAGR owing to Increasing infrastructure spending, particularly on residential & commercial buildings, has been a key factor driving the market growth. Moreover, the rising demand from material handling, automobile, and electrical & electronics, is also likely to contribute to the product demand over the forecast period. Increasing construction spending, particularly in emerging markets of Brazil, China, India, Mexico, Russia, and South Africa is expected to drive injection molded structural foam demand in these regions. Besides,