According to the new market research report published by Aftermarkets, the global Polystyrene Foam Market size will grow to USD 32.2 billion by 2026 from USD 26.4 billion in 2021, at a CAGR of 4.1% during the 2021-2026 period. When you think that the ban of some states in the United States has made the polystyrene foam market shrink, this report shows that there is still unlimited potential in the foam Market and gives a shot in the arm to those engaged in the industry. It also strengthens their belief in introducing foam densifiers to recycle foam.
The 100% Recycling of Foam with Foam Densifier
In the United States, the amount of foam
recovered in 2019 is 136.8 million pounds, which is quite low compared with the
amount of waste foam generated in one year. Due to this low recycling rate, the
designed purpose of foam densifier is to recycle, regenerate and utilize waste
foam. It is based on the concept of "foam-ingots", the waste foam is
compressed by hot-melt technology. Some people may wonder, isn't ingots turning
loose waste into compact waste compared with foam?
In fact, this is not the case. People who know
the market all know that foam ingots are the raw material for making plastic
particles. With the growing demand for plastic particles, foam ingots are also
the material that particle manufacturers are short of. Once it goes on the
market, it will be snapped up. Therefore, if we recycle with a foam densifier,
we don't have to worry about the end-using of foam ingots.
GREENMAX:Both Seller and End-User
When it comes to foam densifier, GREENMAX Recycling is a company that can't be
ignored. As a famous recycling expert in the market, GREENMAX is more
attractive for its famous recycling scheme than its equipment. It not only
sells recycling equipment to recyclers but also solves the problem of terminal
recycling for recyclers.
Due to its demand for granulation plants in its
factory in Malaysia, GREENMAX purchases foam ingots all over the world and uses
the ingots to produce foam pellets. With the putting into use of GREENMAX foam
recycling machine, it is believed that in the near future, the foam market will
further develop in a virtuous circle.
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