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Tooling Board Market Size, Impacted by COVID-19, to Reach US$ 0 4 Billion in 2026, Says a New Study from Stratview Research
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Tooling Board Market Size, Impacted by COVID-19, to Reach US$ 0 4 Billion in 2026, Says a New Study from Stratview Research
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Foam Plastics Market to Garner $123.7 Billion, Globally, By 2027 at 3.3% CAGR, Says Allied Market Research
PORTLAND, Ore., Jan. 26, 2021 /PRNewswire/ Allied Market Research recently published a report, titled, Foam Plastics Market by Type (Polyurethane, Polystyrene, Polyolefin, Phenolic, and Others) and Application (Building & Construction; Packaging; Automotive; Furniture & Bedding; Footwear, Sports, & Recreational; and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027 . As per the report, the global foam plastics industry generated $102.0 billion in 2019, and is projected to reach $123.7 billion by 2027, growing at a CAGR of 3.3% from 2020 to 2027.
Drivers, restraints, and opportunities
Rise in demand for polyurethane foam in building insulation for energy conservation, consumption of polystyrene foam in construction, and comfort provided by polyurethane foam drive the growth of the global foam plastics market. However, stringent environmental regulation