Business community June 27 hearing 　

According to research firm Grand's report, the global polyurethane foam market to 2024 is expected to reach $ 91.96 billion. Building insulation plates combined with high demand for bedding and furniture industry is expected to promote industry growth.

Due to reduce waste and increase recycling, polyurethane foam consumption is expected to increase significantly, and reduce energy consumption throughout the life cycle. End-use sectors such as packaging and footwear rising demand is expected to further boost growth. Governments and federal agencies are increasingly focused on the use of isocyanates adversely affected. Out of toxicity and sustainability concerns, PU industry has recently stopped using chlorinated fluorocarbon blowing agents.

2015 global demand for polyurethane foam market is 9.46 million tons, is expected in 2024 will reach 12.74 million tons in 2016 to 2024 compound annual growth rate at 3.3%.