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Structural Foam Market Estimated to Reach $31.9 Billion by 2020

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Aug 6 2015

Research and Markets has announced the addition of the "Structural Foam Market by Material, by Application and by Region - Trends and Forecasts to 2020" report to their offering.

"Structural Foam Market by Material (Polyethylene, Polypropylene, Polystyrene, Polyurethane & Others), by Application (Material Handling, Building & Construction, Automotive, Electrical & Electronics, & Others) and by Region - Trends and Forecasts to 2020 "

The structural foam market is projected to reach $31.9 Billion by 2020, signifying firm annualized growth of 6% between 2015 and 2020.

This study estimates the market value for structural foam and projects the same by 2020. As a part of quantitative analysis, the study segments the market by material, application, and geography, with the current market estimation and forecast till 2020. The segmentation by material includes polyethylene, polystyrene, polypropylene, and polyurethane among others. In terms of application, the structural foam market is segmented into building & construction, material handling, automotive, and electrical and electronics among others.

The structural foam market has witnessed a significant growth in the recent years, and this growth is projected to continue in the future as well. The structural foam market is projected to register a high CAGR during the forecast period, due to its unique properties such as high strength-to-weight ratio, durability, design flexibility, shock absorption attributes, electrical & thermal insulation properties, and corrosion-resistance among others.

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