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Growth in Polyurethane Industry Proves Beneficial to U.S. Manufacturing
The economic growth of polyurethanes is beneficial to the manufacturing sector as a whole, as each additional job within the polyurethane industry indirectly supports more than five jobs in additional markets dependent on polyurethane consumption.
“It’s a good feeling knowing that the products we make are helping to support jobs and keep other companies in business,” said Troy Bright, of Sunray, Inc., a leading manufacturer of custom polyurethane wheels and products.
Although the polyurethane industry has yet to return to peak levels of output, there is a general consensus among industry experts that it is moving in the right direction. In 2010, the polyurethane industry was tied to directly generating $19.7 billion in revenue in the United States and indirectly supporting an additional $40 billion in revenue for other industries. As of 2012, the polyurethane industry is valued at $21 billion. Per a global polyurethane report by Research and Markets, the demand for polyurethane is expected to grow at a compounded annual growth rate (CAGR) of 4.7% through 2016, with the U.S., Asia-Pacific and Europe dominating the polyurethane marketplace.
For more information on polyurethane products, visit: http://www.sunray-
Sunray Inc., is a producer of top-quality, custom polyurethane products and urethane products. For more information, see: http://www.sunray-