Asia-Pacific has been the fastest-growing market for flexible foam market
Added: (Tue Jan 08 2019)
Pressbox (Press Release) -
The report "Flexible Foam Market by Type (Polyurethane, Polyethylene, Polypropylene), Application (Furniture & Bedding, Transportation, Packaging), Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa) - Global Forecast to 2026", The flexible foam market is projected to grow from USD 35.86 Billion in 2016 to USD 64.14 Billion by 2026, at a CAGR of 5.99% from 2016 to 2026.
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The global flexible foam market is expected to grow from USD 35.86 billion in 2016 to USD 64.14 billion by 2026, at a CAGR of 5.99% from 2016 to 2026. Flexible foams are used as cushioning material in the different end use products such as beds, mattresses, chairs, garden furniture pillows, carpet cushions, automobile parts (seats, arm rest, headrests, and others), and others.
Flexible Foam consist of different types of foam which are used for cushioning purpose. It is a type of polymeric foam produce by combination of TDI, polyols, additives, and blowing agents. Flexible foam considered in the report are polyurethane (PU) foam, polyethylene (PE) foam, polypropylene (PP) foam, and others such as silicone foam, EVA foam, melamine foam and PVDF foam. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2026.
The furniture & bedding industry is the largest single market for flexible foam. Growth in furniture & bedding application is driven by government proposals to improve public infrastructure, changing life style & increasing expenditure on luxurious interior products due to easy EMI options.
Flexible polyurethane foam is the dominant foam type in flexible foam market. Furniture & bedding largest application for flexible polyurethane foam. Flexible PU foam has low heat conduction coefficient, low density, low water absorption, and relatively good mechanical strength which makes it suitable for this application.
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Flexible foam has a diversified and established ecosystem of upstream players such as raw material suppliers and downstream stakeholders such as manufacturers, vendors, and end-users. BASF SE (Germany), Bayer Material Science (U.S.), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.) Rogers Corporation (U.S.), Ube Industries, Ltd (Japan), Recticel (Belgium), Zotefoams Plc (U.K.), The Woodbridge Group (Canada), and Sekisui Alveo AG (Switzerland) are the leading manufacturers and suppliers of flexible foam.
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