The closing inventories of urethane and other foam products (except polystyrene) in Canada are projected to increase steadily from $132.95 million in 2024 to $142.23 million in 2028. The year-on-year growth ranges from 1.78% to 1.64% as the inventory figures slightly rise each year. In 2023, the closing inventory stood at approximately $130.60 million, marking a consistent upward trend.

Future trends to watch for:

The impact of technological advancements on production efficiency and inventory management.
Market demand shifts due to shifts in consumer preferences towards sustainable materials.
The influence of economic conditions on inventory levels and manufacturing costs.