The foam industry is witnessing unprecedented growth and change as it adapts to shifting consumer appetite and new regulations. Factors driving expansion include greater attention to energy consumption and environmental sustainability and as well as the increasing demand for versatile, use-specific foams. By 2021, the polyurethane foam market is expected to be worth 75 billion dollars, growing at a CAGR of 8.4 percent between 2016 and 2021. During this period, spray foam is set to undergo the highest growth. Used for insulation, flotation and roofing, and packaging applications, spray foam is thriving largely, thanks to its heightened demand from end-user industries like building and construction.
Though widespread research and new technologies have led to inventing newer and safer foams, drawbacks and challenges of producing foam have never been resolved. The world is starting to experience its negative impacts today. Therefore, energy-efficient ways of developing smarter foam and research to develop certain fungi and bacteria that fasten conventional foam degradation are some of the present era needs.
In this regard, the emergence of 3D printing has largely improved several aspects of foam manufacturing and will continue to remain a catalyst for reiterating the processes of developing foam parts. Meanwhile, the benefits offered by the Industrial Internet of Things (IIoT) are tremendous. It presents exceptional connectivity and accessibility via mobile devices, which are advantageous for long-term data collection and troubleshooting. Besides, by utilizing artificial intelligence (AI) and machine learning (ML), organizations are aiming to speed up the manufacturing and maintenance cycles of foam products further.
At this juncture, there is a wide variety of solution providers entering the industry with a set of advanced and integrated foam technology solution offerings. To help companies navigate through the best-of-breed foam technology solution providers, Manufacturing Outlook has compiled a list of “Top 10 Foam Technology Solution Providers – 2020.” Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CXOs.
We present to you Manufacturing Outlook’s “Top 10 Foam Technology Solution Providers – 2020.”