ID: MRFR/CnM/3359-CR | 199 Pages | Published By Priya Nagrale on August 2018
Flexible Foam Market is set to reach a valuation of USD 40,428.1 million by 2030 With The market is estimated to register a robust CAGR of 6.45% during the forecast period from 2022 to 2030.
$40,428.1 million
6.45%
North America
2022 to 2030
Flexible Foam Market Overview Flexible Foam Market is set to reach a valuation of USD 40,428.1 million by 2030 With The market is estimated to register a robust CAGR of 6.45% during the forecast period 2022 to 2030. The worldwide flexible foams market is benefiting from increased vehicle production and the fast usage of slab stock foam in the furniture and bedding industries. Flexible foam accounts for more than a quarter of the polyurethane industry's total revenues. Such trends suggest that the flexible foams market would increase steadily in the medium term. Flexible foams are in high demand in the industrial world, especially in industries like automotive, packaging, and construction. Furthermore, most flexible foams are recyclable, which is enough to pique the interest of a wide range of industries. One of the most significant achievements in the industry is the development of bio-based polyols. Due to its dependability in the industry, flexible foam is widely employed in a variety of industrial applications. Aside from the superior qualities, the lower cost of raw materials is a major benefit of employing these materials. Because of its versatility as a structural material, flexible foam is employed in furniture applications. Flexible foam's qualities, such as its lightweight, antimicrobial properties, and flexibility to mold into a variety of shapes, make it suitable for a variety of furniture applications, including child stools, office wall partitions, and bookshelves.
Key Players
BASF SE, Covestro AG, DowDuPont Inc., Huntsman Corporation, JSP, Recticel, Ube Industries, Ltd., Zotefoams plc., Woodbridge Foam Corporation, Mitsui Chemicals, Inc., 3M, Sekisui Alveo AG, Flexipol Foams Pvt. Ltd.
The report includes company profiles of leading market players along with their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
Report Overview
This MRFR report offers global flexible foams market forecast for 2022-2030. The primary objective of the report is to deliver a fair perspective towards the current growth trend of the market and identify new revenue pockets. All the pertinent factors are taken into account for analyzing growth opportunities and threats. An exhaustive analysis of major types of the flexible foams is available in the report, which include polyurethane, polyethylene, and polypropylene. Major end use industries identified for flexible foams include automotive, packaging, furniture & upholstery, construction and consumer goods. This report on flexible foams market covers North America, Latin America, the Middle East & Africa (MEA), Asia Pacific (APAC) and Europe.
Research Methodology
Market Research Future (MRFR) employs iterative and comprehensive research methodology to make market projections with accuracy and objectivity. The extensive primary and secondary research processes include primary data mining by carrying out surveys and first-hand interviews with company executives across the value chain and verification of primary data through inputs from SEC filings, paid database, white paper references, research publications and other sources available in public domain. This collaborative approach ensures qualitative and quantitative assessment of market trends, opportunities, challenges and other market dynamics. The combination of top-down and bottom-up approaches and sophisticated data triangulation techniques provide in-depth market insights through statistical modeling of collected data, aiding businesses in accelerating value generation process.
Other Description
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for flexible foam
By Type
By End Use Industry
By Region
Intended Audience
Report Attribute/Metric | Details |
Market Size | 2030: USD 40,428.1 Million |
CAGR | CAGR of 6.45% (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019 & 2020 |
Forecast Units | Value (USD Million |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, End Use Industry, Automotive and Packaging, Consumer Goods |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | BASF SE, Covestro AG, DowDuPont Inc., Huntsman Corporation, JSP, Recticel, Ube Industries, Ltd., Zotefoams plc., Woodbridge Foam Corporation, Mitsui Chemicals, Inc., 3M, Sekisui Alveo AG, Flexipol Foams Pvt. Ltd. |
Key Market Opportunities | New product launches and R&D Amongst major key Players |
Key Market Drivers | Increased vehicle production coupled with rapid adoption of slabstock foam in furniture and bedding industry |
The valuation was USD 27,229.3 million in 2022
The flexible foam market is anticipate to reach USD 40,428.1 million by the end of 2030
The market would grow with a 6.45% CAGR over the forecast period (2022 to 2030).
The important players are Covestro AG, BASF SE, Huntsman Corporation, JSP, DowDuPont Inc., Ube Industries, Ltd., Recticel, Woodbridge Foam Corporation, Zotefoams plc., Inc., 3M, Sekisui Alveo AG, Mitsui Chemicals, Flexipol Foams Pvt. Ltd., and others.
High integration in the automotive segment and use in furniture to ensure a better growth rate for the market.