Flexible foam is used as cushioning material in the multiple end-use products such as mattresses, beds, chairs, carpet cushions, garden furniture pillows, automobile parts (seats, headrests), and others. It is a polymeric foam produced by a combination of TDI, polyols, additives, and blowing agents.
MARKET DYNAMICS
The global flexible foam market growth is driven by infrastructural development, expansion of the residential & commercial sector, and favorable public-private partnerships. They provide better infrastructure solutions. Besides, continuous technological advancements and international infrastructure penetration into emerging economies positively influence the construction market. The rise in residential construction activities is expected to fuel the demand for furniture. The furniture industry is a key consumer of flexible foam, as it is used as a cushioning material for upholstered furniture. Also, flexible polyurethane foam makes furniture more durable and comfortable. As a result, the furniture industry is expected to impact the flexible foam market shortly positively. However, exposure risk and environmental impacts due to restricted raw materials are the major restraint for the global flexible foam market.
MARKET SCOPE
The "Global Flexible Foam Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the flexible foam market with detailed market segmentation by type and application. The global flexible foam market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading flexible foam market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global flexible foam market is segmented into type and application. By type, the flexible foam market is classified into Polyurethane (PU) Foam, Polyethylene (PE) Foam, Polypropylene (PP) Foam, Others. By application, the flexible foam market is classified into furniture & bedding, transportation, packaging, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global flexible foam market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The flexible foam market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the flexible foam market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the flexible foam market in these regions.
MARKET PLAYERS
The reports cover vital developments in the flexible foam market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the flexible foam market are anticipated to lucrative growth opportunities in the future with the rising demand for flexible foam in the global market. Below mentioned is the list of few companies engaged in the flexible foam market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the flexible foam market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- 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.
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