The global market for polymeric foams is projected to reach 18 million metric tons by the year 2015 according to Global Industry Analysts. Growth in the market is led by the unique benefits offered by cellular materials compared to conventional materials, introduction of new application markets, and growing interest in green building technologies. The report says global economic crisis led to a decline in demand for polymeric foams across most countries during the years 2008 and 2009. The product is used in residential insulation.