Market Overview:
The global flexible foam market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for flexible foam in furniture, transport, packaging, and other applications. Polyurethane is the most commonly used type of flexible foam and is expected to dominate the market during the forecast period. North America dominates the global flexible foam market and is followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
Flexible foam is a polyurethane-based material that can be easily molded into different shapes and sizes. It is often used in upholstery, mattresses, and pillows because it offers good comfort and support. Flexible foam is also resistant to dust mites and other allergens, making it a popular choice for people with allergies or asthma.
Polyurethane:
Polyurethane (PU) is a polymer, which is produced from the reaction of diisocyanate and polyol. The global demand for flexible foam based on polyurethane has been increasing at a steady pace owing to its unique properties such as high insulation, durability & strength along with excellent resistance to most chemicals. It also provides better thermal stability leading to low energy consumption in appliances including heaters and refrigerators.
Polyethylene:
Polyethylene is a widely used polymer in the foam industry. It is a soft and lightweight material that can be easily molded into various shapes. The most common application of polyethylene foam is as an insulation material for buildings, which uses hot melt technology to bind the fibers together.
Application Insights:
Flexible foam is used in a wide variety of end-use industries including furniture, transport, packaging and others. The furniture application segment led the market and accounted for more than 45% share of the global revenue in 2017. This high share is attributable to properties such as lightweight, durability and cost-effectiveness that have made them highly popular among designers and manufacturers of chairs and sofas.
The growing demand for flexible foams from various end-use industries has resulted in the development of customized products to meet specific needs. Customized flexible foams are developed by mixing different types of polyurethane or polyethylene or polypropylene based on their mechanical strength with additives that help enhance certain characteristics such as flexibility, resilience (resilience), density (weight per unit volume) or hardness (shore A).
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of over 40%. The region is expected to continue its dominance over the forecast period. This can be attributed to growing product demand from various end-use industries, such as furniture, packaging, automotive and construction. In addition, rising disposable income levels coupled with expanding population in emerging countries like China and India are expected to drive product demand further.
The European market is anticipated to witness significant growth during the forecast years on account of increasing R&D activities by major companies as well as government support for innovation through tax benefits & incentives (TBIs) along with other financial aids provided by governments are encouraging industry players to undertake research projects related flexible foams usage in different applications.
Growth Factors:
- Increasing demand for comfort and convenience in furniture and automotive seating
- Rising disposable income of consumers in developing countries
- Proliferation of online retail channels that offer a wide variety of foam products at competitive prices
- Growing popularity of do-it-yourself (DIY) home improvement projects
- Technological advancements that have led to the development of new types of flexible foam
Scope Of The Report
Report Attributes
Report Details
Report Title
Flexible Foam Market Research Report
By Type
Polyurethane, Polyethylene, Polypropylene
By Application
Furniture, Transport, Packaging, Other
By Companies
BASF SE, BAYER AG, DOW CHEMICAL COMPANY, JSP, HUNTSMAN CORPORATION, ROGERS CORPORATION, Ube Industries, Ltd., RECTICEL, ZOTEFOAMS PLC, THE WOODBRIDGE GROUP, BASF SE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Flexible Foam Market Report Segments:
The global Flexible Foam market is segmented on the basis of:
Types
Polyurethane, Polyethylene, Polypropylene
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Furniture, Transport, Packaging, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF SE
- BAYER AG
- DOW CHEMICAL COMPANY
- JSP
- HUNTSMAN CORPORATION
- ROGERS CORPORATION
- Ube Industries, Ltd.
- RECTICEL
- ZOTEFOAMS PLC
- THE WOODBRIDGE GROUP
- BASF SE
Highlights of The Flexible Foam Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyurethane
- Polyethylene
- Polypropylene
- By Application:
- Furniture
- Transport
- Packaging
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flexible Foam Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flexible foam is a type of insulation that can be easily shaped and compressed. It is often used in place of traditional insulation materials, such as fiberglass or cellulose, because it is more affordable and easier to work with. Flexible foam can be installed in walls, ceilings, and other parts of a building using traditional construction methods.
Some of the major players in the flexible foam market are BASF SE, BAYER AG, DOW CHEMICAL COMPANY, JSP, HUNTSMAN CORPORATION, ROGERS CORPORATION, Ube Industries, Ltd., RECTICEL, ZOTEFOAMS PLC, THE WOODBRIDGE GROUP, BASF SE.
The flexible foam market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flexible Foam Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Flexible Foam Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flexible Foam Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Flexible Foam Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Flexible Foam Market Size & Forecast, 2020-2028
4.5.1 Flexible Foam Market Size and Y-o-Y Growth
4.5.2 Flexible Foam Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Polyurethane
5.2.2 Polyethylene
5.2.3 Polypropylene
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Furniture
6.2.2 Transport
6.2.3 Packaging
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flexible Foam Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flexible Foam Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Polyurethane
9.6.2 Polyethylene
9.6.3 Polypropylene
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Furniture
9.10.2 Transport
9.10.3 Packaging
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Polyurethane
10.6.2 Polyethylene
10.6.3 Polypropylene
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Furniture
10.10.2 Transport
10.10.3 Packaging
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Polyurethane
11.6.2 Polyethylene
11.6.3 Polypropylene
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Furniture
11.10.2 Transport
11.10.3 Packaging
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Polyurethane
12.6.2 Polyethylene
12.6.3 Polypropylene
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Furniture
12.10.2 Transport
12.10.3 Packaging
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Polyurethane
13.6.2 Polyethylene
13.6.3 Polypropylene
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Furniture
13.10.2 Transport
13.10.3 Packaging
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Flexible Foam Market: Competitive Dashboard
14.2 Global Flexible Foam Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF SE
14.3.2 BAYER AG
14.3.3 DOW CHEMICAL COMPANY
14.3.4 JSP
14.3.5 HUNTSMAN CORPORATION
14.3.6 ROGERS CORPORATION
14.3.7 Ube Industries, Ltd.
14.3.8 RECTICEL
14.3.9 ZOTEFOAMS PLC
14.3.10 THE WOODBRIDGE GROUP
14.3.11 BASF SE
