Flexible Foam Market Key Developments Factors, Revenue Generation Model & Business Segment Overview to 2030
Research Reports
Mar 28, 2022
Flexible Foam Market Overview
Flexible Foam Market is set to reach a valuation of USD 39,387.5 Mn by 2030-end up from USD 27,229.3 Mn in 2017. The market is estimated to register a robust CAGR of 6.45% during the forecast period 2022 to 2030. Owing to its superb quality, range of prospective applications and versatility, the flexible foam is in extreme demand and used extensively by maximum industries the world over. This unique material is used as a cushioning material in automobile seats, carpet cushions, garden furniture pillows, chairs, mattresses, beds and others. It is a variety of polymeric foam that is made by combination of blowing agents, additives, polyols and TDI. Wonderful features such as comfort, improved safety, durability, high resiliency and lightweight is enhancing the scope of the product in the end-use applications. It is a highly sought-after material that is largely used in construction, packaging and automotive industries. Being recyclable, it is enough to grab the interest of different manufacturing domains. Today the market is flooded with flexible foam in different varieties right from flexible foam sheet, flexible foam board, flexible foam for carpet pad to flexible foam for costumes and more.
There are many factors that is fueling the growth of the flexible foam market. The different market trends and factors in this market according to an analysis performed by Market Research Future (MRFR) include increasing disposable income, increasing inclination of consumers to buy luxurious interiors, increasing demand for viscoelastic and memory foam in mattress and bedding, huge growth in the flexible packaging industry, increasing demand for flexible foam in upholstery and furniture, favorable regulations offered by the government bodies on the utilization of insulation materials especially in the construction sector and flexible foam’s desirable properties such as resistance to mildew, low odor, resilience and lightweight. However, fluctuations in the price of raw materials coupled with strict regulations on the utilization of hazardous raw materials at the time of product manufacturing may hinder the demand of the flexible foam market.
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Key Players
The major market players in the market are
- 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.
Flexible Foam Market Segmentation
In the Market Research Future (MRFR) report, the flexible foam market has been segmented on the basis of type and end-use.
Based on type, it is segmented into polypropylene, polyethylene, polyurethane and others. Polyurethane is further segmented into integral skin foam, molded and slabstock. Slabstock is again segmented into polyester and polyether. Of these, the polyethylene segment is expected to have a major share in the flexible foam market owning to rising demand of flexible foam in aircraft and automotive industries.
Based on end-use industry, the flexible foam market is segmented into consumer goods, construction, furniture and upholstery, packaging, automotive and others. Of these, the automotive segment will lead the market owing to the shifting trend for durable and lightweight foam in the automotive components.
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Regional Classification
Based on region, the flexible foam market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Of these, the APAC region is expected to stay at the forefront during the predicted years owing to the strong value that is maintained via the packaging, furniture and automotive industries. Moreover, supportive trade regime and increasing trading activities here is anticipated to drive the growth of the flexible foam market during the predicted years. Europe is predicted to stay a highly lucrative market in the upcoming years owing to inclination for modern furniture, growing need for lightweight vehicles and increasing demand for utilizing bio-based foam especially in the residential sector. The flexible foam market in North America is expected to gain prominence as a vital growth pocket owing to increasing need for flexible foam that is bio-based and drop in greenhouse emissions.
Recent Development
Armacell, the Germany based global leader of flexible foam and a renowned supplier of engineered foams of late has opened a manufacturing facility in Bahrain. This new facility will offer a wide variety of insulation solutions including elastomeric insulation and high-density materials for HVAC (heating, ventilation and air conditioning) systems targeting the domestic market.
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Table of Content
1 Executive Summary
2 Market Introduction
2.1 Definition 21
2.2 Scope Of The Study 21
2.3 List Of Assumptions 22
2.4 Market Structure 23
3 Market Insights
4 Research Methodology
4.1 Research Process 29
4.2 Primary Research 30
4.3 Secondary Research 31
4.4 Market Size Estimation 31
4.5 Forecast Model 32
5 Market Dynamics
5.1 Introduction 34
5.2 Drivers 35
5.2.1 Drivers Impact Analysis 35
5.2.2 Flourishing Automobile Industry In Emerging Markets 35
5.2.3 Rapid Adoption Of Slabstock Foam In The Furniture And Bedding Industry 36
5.2.4 Increasing Use In The Packaging Industry 37
5.3 Restraints 38
5.3.1 Restraints Impact Analysis 38
5.3.2 Rising Raw Material Prices 38
5.3.3 Stiff Competition From The Fiberglass And Polystyrene Industries 38
5.4 Opportunities 39
5.4.1 Emerging Use Of Bio-Based Polyols In Flexible Foam 39
5.4.2 Flexible Foam: A Recyclable Choice For End-Use Industries 39
6 Market Factor Analysis
6.1 Supply Chain Analysis 41
6.1.1 Raw Material Suppliers 41
6.1.2 Flexible Foam Manufacturers 42
6.1.3 Distribution Channel 42
6.1.4 End-Use Industry 42
6.2 Porter’s Five Forces Model 42
6.2.1 Threat Of New Entrants 43
6.2.2 Threat Of Rivalry 43
6.2.3 Threat Of Substitutes 43
6.2.4 Bargaining Power Of Supplier 43
6.2.5 Bargaining Power Of Buyer 43
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