Global Flexible Foam Market, By Type (Polyurethane (PU), Polyethylene (PE), Polypropylene (PP), Silicone, Ethylene-Vinyl Acetate (EVA), Melamine, Polyvinylidene Fluoride (PVDF), Others), Application (Furniture and Bedding, Transportation, Packaging, Construction, Consumer Goods, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The flexible foam market size is expected to grow at a compound annual growth rate of 5.95% for the forecast period of 2021 to 2028. Data Bridge Market Research report on flexible foam market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Flexible foam is a type of a processed polymer or plastic composed of hydrocarbons and other organic units which are joined together with urethane links. These foams are used in automotive, furniture, upholstery among others.
The rapid expansion in packaging industry is expected to influence the growth of the flexible foam market. In line with this, the versatile and unique physical properties and rise in the end user applications are also anticipated to act as key determinants favoring the growth of the flexible foam market over the forecast period of 2021 to 2028. Also the, rise in the utilization of thermal insulation in the construction industry and strong outlook in furniture and bedding industry are also expected to positively impact the growth of the flexible foam market. The major factor accountable for the growth of the market is the high growth in the automotive and transportation industry.
However, the fluctuation in the prices of raw materials and discharge of hazardous air pollutants during manufacturing process are likely to act as key restraints towards flexible foam market growth rate in the forecast period of 2021 to 2028, whereas the environmental impacts due to restricted raw materials can challenge the growth of the flexible foam market in the above mentioned forecast period.
Furthermore, the rapid development of bio-based and carbon di oxide based polyols and emerging economies are expected to offer a variety of growth opportunities for the flexible foam market in the above mentioned forecast period.
This flexible foam market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the flexible foam market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Flexible Foam Market Scope and Market Size
The flexible foam market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the flexible foam market is segmented into polyurethane (PU), polyethylene (PE), polypropylene (PP), silicone, ethylene-vinyl acetate (EVA), melamine, polyvinylidene fluoride (PVDF) and others. Polyurethane (PU) has further been segmented into polyester and polyether. Polyethylene (PE) has further been segmented into cross linked and non-cross linked.
- The application segment for flexible foam market is segmented into furniture and bedding, transportation, packaging, construction, consumer goods and others. Transportation has further been segmented into automotive, railway and aerospace. Consumer goods have further been segmented into clothing and footwear and household and personal care.
Flexible Foam Market Country Level Analysis
The flexible foam market is analyzed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the flexible foam market because of the high demand for the product from the different end user industries as well as the rise in the green building technologies penetration in construction sector along with rapid growth in the automotive industry. North America is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to high demand for the demand from the consumer goods sector along with rapid industrialization.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flexible Foam Market Share Analysis
The flexible foam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flexible foam market.
The major players covered in the flexible foam market report are Arkema, BASF SE, Dow, ARMACELL LLC, Sealed Air, Bayer AG, 3M, Recticel NV/SA, Rogers Corporation, Huntsman International LLC., Covestro AG, Total, Zotefoams plc, Sekisui Alveo, Woodbridge, Trelleborg Marine and Infrastructure, UBE INDUSTRIES, LTD., UFP Technologies, Inc., Mitsui Chemicals, Inc., and JSP among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.