Flexible Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Flexible Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global flexible foam market size reached US$ 45.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 61.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

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.

Flexible Foam Market Trends:
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, energy-absorbing 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.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global flexible foam market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and application.

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
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Excelsior Company, BASF SE, Covestro AG, Dow Inc., Huntsman Corporation, INOAC Corporation, Kaneka Corporation, Recticel, Sekisui Chemical Co. Ltd., UBE Corporation, Woodbridge and Zotefoams PLC.

Key Questions Answered in This Report:
How has the global flexible foam market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global flexible foam market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global flexible foam market and who are the key players?
What is the degree of competition in the industry?