GVR Report cover Flexible Foam Market Size, Share & Trends Report

Flexible Foam Market Size, Share & Trends Analysis Report By Type, By Application, By Region, And Segment Forecasts, 2023 To 2030

  • Report ID: GVR454320
  • Number of Pages: 0
  • Format: Electronic (PDF)

Flexible foam is a type of polyurethane foam used in various applications such as bedding, furniture, automotive seating, and insulation. The product offers excellent cushioning, comfort, and insulation properties. The raw materials for flexible polyurethane foams are often accompanied with additives to yield desired properties. It can be fabricated into various complex shapes once it is produced.

Excellent properties of the product including cost-efficiency, durability, versatility, and lightweightness is likely to have a positive impact on the market demand. Additionally, increasing demand for comfort and energy-efficient materials in various industries is expected to drive the growth of the market over the forecast period.

According to the Polyurethane Foam Association, around 1.5 billion pounds of foam is produced as well as used annually in the U.S. Additionally, According to Europur, there are around 160 factories manufacturing flexible polyurethane slabstock foam in the Europe that produce 1.5 million tons of foam annually. Out of these, 109 plants are situated in the European Economic Area, UK, and Switzerland. Poland, Turkey, Germany, Switzerland, and Austria are some of the major countries producing the product in Europe.

The production of mattresses in the Europe is approximately 50 million units per annum. Out of these, around 90% of the mattresses contain 2 to 30 kg of polyurethane foam. Also, According to the European Furniture Industry Confederation, the furniture industry in the European Union comprises around 127,500 enterprises producing products worth USD 92.29 billion. The growth of application industries of the product is predicted to boost the market demand in the coming years.

Major players operating in the market include BASF SE, Covestro AG, INOAC CORPORATION, Dow, Huntsman International LLC, The Woodbridge Group, Recticel NV, and others. The market participants are engaged in constant new product development to harness the unique properties of the product. BASF SE has incorporated sustainability in the every aspect of the product development. They have used recycled PET products to meet the sustainability goals. The product is watertight, airtight, and facilitates an outstanding insulation value.

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