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According to the latest report by IMARC Group, titled “ Flexible Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2 028
” the global flexible foam market reached a strong growth in 2022.
Flexible foam is a polymer with an open cell structure produced from the reaction of polyols and isocyanates. It has sound absorption properties on account of the cavities, channels, or interstices present in its structure. It also exhibits load-bearing properties as flexible foam can recover from compression once the load is removed and it consequently finds extensive applications as a shock absorber. Besides this, as it is lightweight and durable, flexible foam is employed in the packaging industry across the globe.
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Flexible foams are used in the automotive industry for the manufacturing of headliners, car seats, head and arm rests, automotive trim, sun visors, motorcycle saddles, interior panels and skins, car and truck fenders, truck beds, energyabsorbing bumpers, and support rings for run-flat tires. They are also used for cushioning in upholstered furniture, mattresses, pillows, sofas, balls, figurines, theatre seat cushions, office chairs, carpet underlay, and shoe soling. This, in confluence with increasing building and construction activities around the world, represents one of the key factors stimulating the growth of the market. Moreover, polyol, a raw material used in the production of flexible foam, is mainly derived from petroleum, which is a non-renewable resource. However, vegetable oil-based polyols are nowadays increasingly being used as potential substitutes for petrochemical polyols on account of their sustainability. Besides this, they are readily available and offer easy processing, chemical functionality, and relatively low cost. This, coupled with rising technological advancements, is positively influencing the market. Furthermore, significant growth in the automotive industry and increasing research and development (R&D) activities are anticipated to facilitate the growth of the market in the coming years.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
Breakup by Type:
• Polyurethane (PU) Foam
• Polyethylene (PE) Foam
• Polypropylene (PP) Foam
• Ethylene-Vinyl Acetate (EVA)
• Others
Breakup by Application:
• Furniture and Bedding
• Transportation
• Packaging
• Construction
• Consumer Goods
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
Note: We are updating our reports, If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.
Competitive Landscape with Key Players:
BASF SE
Covestro AG
Dow Inc.
Huntsman Corporation
INOAC Corporation
Kaneka Corporation
Recticel
Sekisui Chemical Co. Ltd.
UBE Corporation
Woodbridge
• Zotefoams PLC.
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