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Flexible Foam Market Overview
Flexible Foam Market size is forecast to reach $64.70 billion by 2026, after growing at a CAGR of 6.2% during 2021-2026. Shifting consumer buying patterns along with increasing inclination towards enhancement in the interior design of cars are among the key factors propelling flexible foam market expansion over the forecast period. Growing demand for furniture due to growing disposable income, coupled with advantages such as improved cushioning and longevity in packaged product safety, would also further help the growth of the flexible foam industry.
Flexible Foam Market Report Coverage
The report: “Flexible Foam Market- Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Flexible Foam industry.
By Application: Furniture and Upholstery, Packaging, Textile and Fibers, Consumer Goods, and Others
By End Use: Food and Beverages, Transportation, Textile, Building and Construction, and Others.
By Geography: North America, South America, Europe, APAC, and RoW.
Key Takeaways
- Asia Pacific dominates the Flexible Foam market increasing utilization of thermal insulation in the construction industry and increased spending by the private companies in the sector.
- The market drivers and restraints have been assessed to understand their impact over the forecast period. The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
- The other key areas of focus include the various applications in Flexible Foam market and their specific segmented revenue.
Flexible Foam Market Segment Analysis - By Type
Polyurethane Foam held the largest share in the Flexible Foam market in 2020. This is due to the fact that polyurethane foam is commonly used in the manufacture of automobiles and their various components in the automotive industry. The adoption of polyurethane foams in building and automotive applications has increased the preference for flexible foams among consumers. In addition, the rise in industrialization is driving the market for flexible foams across multiple industries such as automotive, interior decoration, transport and packaging.
Flexible Foam Market Segment Analysis - By Application
Furniture and Upholstery held the largest share in the Flexible Foam market in 2020. Increasing disposable income in developing countries, coupled with changing customer purchasing habits due to changing lifestyles, would stimulate the demand for furniture & upholstery, which will, in turn, drive the demand for the flexible foam sector. The growth of the industry is driven by growing investments in residential construction, backed by technological innovations providing highly robust, durable, air-permeable and lightweight furniture. Growing demand for memory and viscoelastic foam in bedding and mattress products in both developed and emerging economies would further drive product demand.
Flexible Foam Market Segment Analysis - By End Use
Transportation is projected to witness the highest share in Flexible Foam market in 2020 and is expected to grow by 7.2%. In the transportation industry, flexible Foam is commonly used for seating, headrests, armrests, HVAC parts, interior panels and skins, car and truck fenders, truck beds and run-flat tire support rings, headliners and other interior structures. Recent advances in automotive polyurethane technology are leading to improved weight reduction, passenger comfort, absorption of energy and sound, stability, resistance to moisture and heat and compressive strength in vehicles.
Flexible Foam Market Segment Analysis - By Geography
Asia-Pacific (APAC) dominated the Flexible Foam market growing at CAGR of 40% followed by North America and Europe. Rapid industrialization in emerging economies such as China and India is expected to fuel the sliding demand for flexible foam in the region. Market growth will be influenced by increasing product demand from the region's diverse end-user industries such as furniture, packaging, consumer goods and automotive. Increasing the penetration of green building technology into the construction sector would fuel regional growth, along with rapid growth in the automotive industry. Because of the increased foreign direct investment in the world, China is expected to dominate the market in the region. Currently, the manufacturing and other related industries have been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. In turn has affected the demand and supply chain as well which has been restricting the growth in the year 2020.
Flexible Foam market Drivers
Properties and Increasing demand for end-use industry.
Various features offered by Flexible Foam, such as durability, relative clarity, resilience and others are another factors expected to increase the adoption of Flexible Foam, which in turn, is expected to drive growth in the target market over the forecast period. In addition, the growing demand for flexible foam in furniture and upholstery applications is another factor expected to increase the demand for additives which in turn, is expected to drive growth in the near future.
Flexible Foam market Challenges
Volatility in Raw Material Prices will restrict market growth.
Polyurethane foam is expensive due to the fluctuating raw material prices, which act as a major restraint for the market. Changes in the demand and supply of these raw materials could have a major impact on the polyurethane foam industry. Furthermore, supply disruption has rocked the polyurethane foams market which in turn has augmented the price of polyurethane foam.
Flexible Foam market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Flexible Foam market. In 2020 the Flexible Foam market has been consolidated by the top five players accounting for xx% of the share. Major players in the Flexible Foam market are BASF SE, Covestro AG, Huntsman Corporation, INOAC Corporation, Recticel NV and Others.
Acquisitions/Technology Launches/ Product Launches
- In April 2018, Huntsman acquired Demilec, one of North America's leading manufacturers and distributors of spray polyurethane foam (SPF) insulation systems. Demilec's acquisition is consistent with the stated strategy of Huntsman to increase its downstream polyurethane business and exploit its global platform to extend Demilec's SPF formulations portfolio into international markets.
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1. Flexible Foam Market - Market Overview
1.1 Definition and Scope
2. Flexible Foam Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends by Type
2.3 Key trends by Application
2.4 Key Trends by End-Use
2.5 Key trends by Geography
3. Flexible Foam Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Flexible Foam Market - Startup companies Scenario Premium Premium
4.1 Top startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Flexible Foam Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis – Top 10 companies Investment
6. Flexible Foam Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Flexible Foam Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunity Analysis
7.3 Product Life Cycle
7.4 Supplier and Distributor Analysis
8. Flexible Foam Market – By Type (Market Size -$Million,)
8.1 Polyurethane
8.1.1 Polyester
8.1.2 Poly-Ether
8.2 Polyethylene
8.2.1 Cross-Linked
8.2.2 Non-Cross Linked
8.3 Polypropylene
8.4 Ethylene-Vinyl Acetate (EVA)
8.5 Others
9. Flexible Foam Market – By Application (Market Size -$Million)
9.1 Furniture and Upholstery
9.2 Packaging
9.3 Textile and Fibers
9.4 Consumer Goods
9.5 Others
10. Flexible Foam Market – By End Use (Market Size -$Million)
10.1 Food and Beverages
10.2 Transportation
10.3 Textile
10.4 Building and Construction
10.5 Others
11. Flexible Foam Market - By Geography (Market Size -$Million)
11.1 North America
11.1.1 U.S
11.1.2 Canada
11.1.3 Mexico
11.2 South America
11.1.1 Brazil
11.1.2 Argentina
11.1.3 Colombia
11.1.4 Chile
11.1.5 Rest of South America
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Netherland
11.3.6 Spain
11.3.7 Russia
11.3.8 Belgium
11.3.9 Rest of Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 South Korea
11.4.5 Australia and New Zealand
11.4.6 Rest of APAC
11.5 Rest of the World
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 U.A.E
11.5.1.3 Israel
11.5.1.4 Rest of the Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of Africa
12. Flexible Foam Market – Entropy
12.1 New Product Launches
12.2 M&As, Collaborations, JVs and Partnerships
13. Flexible Foam Market – Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top companies
13.1.3 Market Share by type of Application - Top companies
13.1.4 Market Share by type of Product / Product category- Top companies
13.1.5 Market Share at global level - Top companies
13.1.6 Best Practices for companies
14. Flexible Foam Market - List of Key Companies by Country Premium
15. Flexible Foam Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
1.Global Flexible Foam Market By Type Market 2023-2030 ($M)1.1 Polyurethane * Market 2023-2030 ($M) - Global Industry Research
1.2 Polyethylene Market 2023-2030 ($M) - Global Industry Research
1.3 Polypropylene Market 2023-2030 ($M) - Global Industry Research
2.Global Competitive Landscape Flexible Foam Market Market 2023-2030 ($M)
2.1 Flexible Foam MarketKey Developments By Company Market 2023-2030 ($M) - Global Industry Research
3.Global Flexible Foam Market By Type Market 2023-2030 (Volume/Units)
3.1 Polyurethane * Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Polyethylene Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Polypropylene Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Competitive Landscape Flexible Foam Market Market 2023-2030 (Volume/Units)
4.1 Flexible Foam MarketKey Developments By Company Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Flexible Foam Market By Type Market 2023-2030 ($M)
5.1 Polyurethane * Market 2023-2030 ($M) - Regional Industry Research
5.2 Polyethylene Market 2023-2030 ($M) - Regional Industry Research
5.3 Polypropylene Market 2023-2030 ($M) - Regional Industry Research
6.North America Competitive Landscape Flexible Foam Market Market 2023-2030 ($M)
6.1 Flexible Foam MarketKey Developments By Company Market 2023-2030 ($M) - Regional Industry Research
7.South America Flexible Foam Market By Type Market 2023-2030 ($M)
7.1 Polyurethane * Market 2023-2030 ($M) - Regional Industry Research
7.2 Polyethylene Market 2023-2030 ($M) - Regional Industry Research
7.3 Polypropylene Market 2023-2030 ($M) - Regional Industry Research
8.South America Competitive Landscape Flexible Foam Market Market 2023-2030 ($M)
8.1 Flexible Foam MarketKey Developments By Company Market 2023-2030 ($M) - Regional Industry Research
9.Europe Flexible Foam Market By Type Market 2023-2030 ($M)
9.1 Polyurethane * Market 2023-2030 ($M) - Regional Industry Research
9.2 Polyethylene Market 2023-2030 ($M) - Regional Industry Research
9.3 Polypropylene Market 2023-2030 ($M) - Regional Industry Research
10.Europe Competitive Landscape Flexible Foam Market Market 2023-2030 ($M)
10.1 Flexible Foam MarketKey Developments By Company Market 2023-2030 ($M) - Regional Industry Research
11.APAC Flexible Foam Market By Type Market 2023-2030 ($M)
11.1 Polyurethane * Market 2023-2030 ($M) - Regional Industry Research
11.2 Polyethylene Market 2023-2030 ($M) - Regional Industry Research
11.3 Polypropylene Market 2023-2030 ($M) - Regional Industry Research
12.APAC Competitive Landscape Flexible Foam Market Market 2023-2030 ($M)
12.1 Flexible Foam MarketKey Developments By Company Market 2023-2030 ($M) - Regional Industry Research
13.MENA Flexible Foam Market By Type Market 2023-2030 ($M)
13.1 Polyurethane * Market 2023-2030 ($M) - Regional Industry Research
13.2 Polyethylene Market 2023-2030 ($M) - Regional Industry Research
13.3 Polypropylene Market 2023-2030 ($M) - Regional Industry Research
14.MENA Competitive Landscape Flexible Foam Market Market 2023-2030 ($M)
14.1 Flexible Foam MarketKey Developments By Company Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Flexible Foam Market Revenue, 2023-2030 ($M)2.Canada Flexible Foam Market Revenue, 2023-2030 ($M)
3.Mexico Flexible Foam Market Revenue, 2023-2030 ($M)
4.Brazil Flexible Foam Market Revenue, 2023-2030 ($M)
5.Argentina Flexible Foam Market Revenue, 2023-2030 ($M)
6.Peru Flexible Foam Market Revenue, 2023-2030 ($M)
7.Colombia Flexible Foam Market Revenue, 2023-2030 ($M)
8.Chile Flexible Foam Market Revenue, 2023-2030 ($M)
9.Rest of South America Flexible Foam Market Revenue, 2023-2030 ($M)
10.UK Flexible Foam Market Revenue, 2023-2030 ($M)
11.Germany Flexible Foam Market Revenue, 2023-2030 ($M)
12.France Flexible Foam Market Revenue, 2023-2030 ($M)
13.Italy Flexible Foam Market Revenue, 2023-2030 ($M)
14.Spain Flexible Foam Market Revenue, 2023-2030 ($M)
15.Rest of Europe Flexible Foam Market Revenue, 2023-2030 ($M)
16.China Flexible Foam Market Revenue, 2023-2030 ($M)
17.India Flexible Foam Market Revenue, 2023-2030 ($M)
18.Japan Flexible Foam Market Revenue, 2023-2030 ($M)
19.South Korea Flexible Foam Market Revenue, 2023-2030 ($M)
20.South Africa Flexible Foam Market Revenue, 2023-2030 ($M)
21.North America Flexible Foam By Application
22.South America Flexible Foam By Application
23.Europe Flexible Foam By Application
24.APAC Flexible Foam By Application
25.MENA Flexible Foam By Application
26.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Bayer AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.DOW Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.JSP Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Huntsman Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Rogers Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Recticel, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Zotefoams PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.The Woodbridge Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Sekisui Alveo AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)