According to Our latest research report on “Flexible Foam Market ” highlights the substantial global expansion occurring within this sector. The report encompasses projections for the years leading up to 2031, accompanied by a comprehensive analysis of the market’s current size, prevailing trends, market share, and economic insights.
The global flexible foam market was valued at $44.0 billion in 2019, and is projected to reach $61.3 billion by 2027, growing at a CAGR of 5.2% from 2020 to 2027. Flexible foam is used for cushioning in a variety of consumer goods and commercial products such as footwear, furniture, automotive interiors, and packaging, textile, carpet cushions & underlay, and bedding. It can be created in almost any variety of shapes and firmness. It offers superior impact resistance, enhanced resilience, and high strength to weight ratio, which make it durable, supportive, and comfortable.
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In order to be able to fulfill rising demand, the chemical industry invests billions of dollars each year in new and sustaining capital. Chemicals and materials are omnipresent in contemporary life, therefore major changes will be required for chemical makers to function in a changing geopolitical environment on a global scale, either proactively or reactively. Chemical firms will probably need to prepare for difficulties in the upcoming year, such as global inflation and oil price instability.
Flexible foams are extensively applicable in in HVAC components, seating, headrests, arm rests, interior panels & skins, headliners, car & truck fenders, truck beds, and support rings for run-flat tires, owing to their high design flexibility, superior strength, and weightlessness. Ongoing developments in polyurethane flexible foam technology has led to its increased application in the automotive industry, which is anticipated to significantly contribute toward the growth of the global market.
The need for microporous insulation materials from the oil & gas sector and the expansion of the construction and automotive industries are anticipated to drive the growth of the flexible foam market during the forecast period.
The global flexible foam market is segmented into type, application, and region. Depending on type, the market is divided into polyurethane (PU) foam, polyethylene (PE) foam, polypropylene (PP) foam, ethylene-vinyl acetate (EVA), and others. On the basis of application, it is differentiated into furniture & bedding, transportation, packaging, construction, and consumer goods. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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IMPACT OF COVID-19
COVID-19 has uneven impact on the global flexible foam market. The hardest hit end markets due to COVID-19 outbreak include construction, transportation, furniture, and other consumer product sectors across the globe. These sectors registered significant decrease in the demand for flexible foam and other plastics. The demand of flexible foam is expected to decline with 3% in FY2020 as compared to FY2019.
KEY BENEFITS FOR STAKEHOLDERS
? The report provides an in-depth analysis of the market forecast along with the current trends and future estimations.
? This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
? Porter;s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global flexible foam industry for strategy building.
? A comprehensive market analysis covers factors that drive and restrain the market growth.
? The qualitative data about market dynamics, trends, and developments is provided in the report.
KEY MARKET PLAYERS
– BASF SE
– Covestro AG
– Huntsman Corporation
– INOAC Corporation
– Recticel NV
– Rogers Corporation
– Sekisui Chemical Co. Ltd.
– The Dow Chemical Company
– The Woodbridge Group
– Ube Industries, Ltd.
KEY MARKET SEGMENTS
By Type
– Polyurethane (PU) Foam
– Polyethylene (PE) Foam
– Polypropylene (PP) Foam
– Ethylene-Vinyl Acetate (EVA)
– Others
By Application
– Furniture & Bedding
– Transportation
– Packaging
– Construction
– Consumer Goods
By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? Italy
? UK
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Brazil
? South Africa
? Saudi Arabia
? Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions the Report Discusses
- What essential elements emerged from both primary and secondary research?
- What will the market’s future potential be?
- Who examines the market report’s complete outcome?
- What obstacles and problems face the growth of an industry?
- What does supply chain analysis for products and market size, share mean?
- Which of the possible manufacturers is still operating in the market?
- What are the advantages, benefits, and applications of the product’s features?
- What are the main trends and influencing factors?
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