Inclination for Modern Furniture to Affect Flexible Foam Market
Description :
Flexible
Foam Market Research Report by Type [Polyurethane (Slabstock, Molded,
Integral), Polypropylene, Polyethylene], by End Use Industry [Furniture &
Upholstery ((Residential, Commercial)) Automotive ((Seats, Headrest, Steering
Wheel, Air Filter Gaskets)), Packaging, Consumer Goods ((Clothing & Footwear,
Household & Personal Care, Consumables)), Construction] and
Region– Forecast till 2030
Keywords :
Flexible
Foam market , Flexible Foam Market industry, Flexible
Foam industry value, Global Flexible Foam industry, Flexible
Foam Market analysis ,Flexible
Foam Business, Flexible
Foam Market Size, Flexible
Foam Market Share, Flexible
Foam Market Price, Flexible
Foam Market Price Trends, Flexible Foam Market Report, Flexible Foam Market Growth, Flexible Foam Market Demand, Flexible Foam Market Outlook,
Flexible Foam Market
Analysis
The global flexible foam market is growing enormously as
products manufactured from flexible foams have become indispensable in the
current world. It is expected to reach the benchmark of USD 27,229.3 million at
an alluring 6.45% CAGR during the predicted years (2018-2030). 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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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.
Flexible Foam Market Regional
Analysis
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.
Competitive Analysis
The global flexible foam market is competitive and
highly fragmented due to the existence of many regional and global players. The
leading industry participants rely on various strategies such as technological
innovation, geographical expansion, product development, mergers and
acquisitions and sourcing strategies for enhancing their industry share.
Key Players
Leading players profiled in the flexible foam market include Flexipol
Foams Pvt. Ltd, Sekisui Alveo AG, 3M, Zotefoams plc, Mitsui Chemicals, Inc.,
Woodbridge Foam Corporation, Ube Industries, Ltd., Recticel, DowDuPont Inc.,
JSP, Covestro AG, Huntsman International LLC and BASF SE.
Feb 2019- 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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