Flexible Foam Market Research Shows Promising Development in Coming Years |
Posted: August 3, 2023 |
Industry Overview of Flexible Foam marketFlexible foam refers to a polymer with an open cell structure created from the reaction of isocyanates and polyols. It has sound absorption qualities, on account of the channels, cavities, or interstices present in its design. Flexible foam is of several kinds, including polyurethane (PU), polyethylene (PE), polypropylene (PP), ethylene-vinyl acetate (EVA), etc. In addition to this, this polymer is lightweight and durable and also exhibits load-bearing properties, as it can recover from compression once the load is removed. As a result, flexible foam finds widespread applications across various sectors, such as transportation, packaging, construction, consumer goods, furniture and bedding, etc. How Big Is the Flexible Foam Market?The global flexible foam market size reached US$ 45.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 61.4 Billion by 2028 exhibiting a CAGR of 4.9% during 2023-2028. Flexible Foam Market Trends and Drivers:The escalating product demand in the automotive industry for the manufacturing of car seats, head and armrests, trim, sun visors, motorcycle saddles, headliners, interior panels and skins, car and truck fenders, energy-absorbing bumpers, support rings for run-flat tires, etc., is among the primary factors driving the flexible foam market. Besides this, the elevating requirement for these polymers in cushioning upholstered furniture, pillows, sofas, balls, figurines, theatre seat cushions, mattresses, office chairs, carpet underlay, shoe soling, etc., and the rising building and construction activities are further augmenting the market growth. Moreover, the increasing usage of vegetable oil-based polyols for the production of flexible foam in place of the petrochemical ones, on account of their sustainability, is also catalyzing the global market. Apart from this, the extensive product availability, ease of processing, chemical functionality, relatively low cost, and the continuous technological advancements across the globe are expected to bolster the flexible foam market in the coming years. Global Flexible Foam Market 2023-2028 Analysis and Segmentation:Top Key Players covered in this report are: American Excelsior Company, BASF SE, Covestro AG, Dow Inc., Huntsman Corporation, INOAC Corporation, Kaneka Corporation, Recticel, Sekisui Chemical Co. Ltd., UBE Corporation, Woodbridge and Zotefoams PLC. The report segmented the market based on region, type and application. Breakup by Type:
Breakup by Application:
Breakup by Region:
Key Highlights of the Report: Market Performance (2017-2022) Market Outlook (2023-2028) Market Trends Market Drivers and Success Factors Impact of COVID-19 Value Chain Analysis Comprehensive mapping of the competitive landscape
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