Flexible Foam Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The flexible foam market is projected to register a CAGR of over 7% during the forecast period.
COVID-19 hurt the market for flexible foam because there was a big drop in demand from the construction, furniture, and auto industries.The lockdown hurt the building industry because many projects were put on hold, which led to less demand for furniture in homes and offices.However, the market gained pace in 2021 and is expected to grow at a healthy rate during the forecast period.
Key HighlightsThe flexible foam market is partially fragmented, with only a few major players dominating the market. Some of the major companies are BASF SE, Rogers Corporation, Huntsman International LLC, Inoac Corporation, and Recticel NV/SA, among others (not in any particular order).
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