Global Flexible Foam Market
The global Flexible Foam market was valued at USD 36.85 billion in 2016 and is projected to reach USD 60.68 billion by 2025, growing at a CAGR of 5.7% from 2017 to 2025.
Flexible foams are in high demand owing to their growing application in the transportation and infrastructure industry. The introduction of bio bases raw materials is expected to boost market demand in the future. The excellent handling strength, energy absorption, resiliency and durability properties offered by the product is expected to improve market demand.
1. Market Drivers
1.1 Rising demand from Asia Pacific
1.2 Steadily growing construction activity in North America
2. Market Restraints
2.1 Pollution concerns surrounding the manufacture of raw material
The global Flexible Foam marketis segmented on the basis ofproduct, applicationand region.
1. By Product:
1.1.1 Polyether Foam
1.1.2 Polyester Foam
2. By Application:
2.1 Bedding & Furniture
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Bayer AG
2. BASF SE
3. JSP Corporation
4. DOW Chemical Company
5. Rogers Corporation
7. Sekisui Alveo AG
8. The Woodbridge Group
9. Zotefoams PLC
11. UBE Industries PLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Flexible Foam marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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