Flexible Foam Global Market Report 2024

Description

Flexible Foam Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on flexible foam market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for flexible foam? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The flexible foam market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Polyurethane (PU) Foam; Polyethylene (PE) Foam; Polypropylene (PP) Foam; Ethylene-Vinyl Acetate (EVA); Other Types
2) By Density: High-Density; Medium-Density; Low-Density
3) By Application: Furniture And Upholstery; Automotive; Packaging; Building And Construction; Consumer Goods; Other Applications
Companies Mentioned: Badische Anilin- und Soda-Fabrik SE; The Dow Chemical Company; Huntsman Corporation; Ube Industries Ltd.; Recticel Flexible Foams nv
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Flexible foam, a processed polymer derived from petroleum hydrocarbons and other organic compounds linked by urethane bonds, results from a chemical reaction between polyols and isocyanates. Its cellular structure enables compression and resilience, offering cushioning properties.

Among the primary types of flexible foam are polyurethane (PU) foam, polyethylene (PE) foam, polypropylene (PP) foam, ethylene-vinyl acetate (EVA), and other variants. Polyurethane (PU) foam, a synthetic polymer, is created by combining polyols and isocyanates with a blowing agent and an amine catalyst. These foams come in various densities including high, medium, and low and find application in furniture and upholstery, automotive, packaging, construction, consumer goods, and other industries.

The flexible foam market research report is one of a series of new reports from The Business Research Company that provides flexible foam market statistics, including flexible foam industry global market size, regional shares, competitors with a flexible foam market share, detailed flexible foam market segments, market trends and opportunities, and any further data you may need to thrive in the flexible foam industry. This flexible foam market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The flexible foam market size has grown strongly in recent years. It will grow from $50.76 billion in 2023 to $54.32 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. Historical growth can be attributed to the demand emanating from the consumer electronics sector, the expanding applications within packaging, the shift towards more comfortable furniture and bedding, the increased usage in automotive applications, and the rising demand for insulation in the construction sector.

The flexible foam market size is expected to see strong growth in the next few years. It will grow to $71.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The expected growth in the forecast period stems from the adoption of smart and functional foam solutions, a surge in usage within packaging industries, an increase in healthcare and medical applications, advancements in bio-based materials, and a strong emphasis on energy efficiency in construction practices. Major trends anticipated during this period encompass the development of lightweight and high-performance materials, a concentrated focus on sustainability and eco-friendly solutions, innovation in comfort and ergonomic properties, advancements in insulation for better energy efficiency, and a shift towards customization and specialized applications within the foam industry.

The burgeoning demand for flexible foam across various industries is poised to propel the growth of the flexible foam market. This adaptable polymer, derived from petroleum hydrocarbons and organic chemicals bonded by urethane, finds extensive use in industrial applications due to its exceptional qualities, cost-effectiveness, and reliability. In Europe, where 160 factories produce around 1.5 million tons of flexible polyurethane slab stock foam annually, the usage spans upholstery, bedding, transportation, and other diverse applications. This increasing usage in end-user industries significantly contributes to the market's expansion.

The increasing demand for flexible foam is strongly linked to the building and construction industry. Utilized for thermal insulation, sound absorption, sealing properties, lightweight construction, and cost-effectiveness, flexible foam plays a pivotal role in this sector. A report by Oxford Economics highlights a projected 42% increase, reaching USD 15.2 trillion in global construction output by 2030. This upward trend in the construction sector substantially fuels the demand for flexible foam.

Notably, innovation drives the flexible foam market, with major companies concentrating on novel solutions to fortify their market positions. For instance, Covestro AG introduced a pioneering method to chemically recycle polyurethane (PU) flexible foam extracted from used mattresses. This distinct approach allows the recovery of both primary PU components, an advancement from existing recycling processes, minimizing waste and enhancing sustainability.

Major players in the flexible foam market are directing attention toward innovative products like bio-attributed PU foams. These foams are manufactured using renewable or bio-based raw materials, contrasting traditional PU foams derived mainly from petroleum sources. Covestro AG's collaboration with Selena Group resulted in the launch of bio-attributed PU foams, offering similar qualities to fossil fuel-derived foams but with enhanced environmental friendliness. This line of polyurethane (PU) foams, complemented by recovered PET materials and bio-based polyols, contributes to improved building thermal insulation and sustainable practices within the industry.

In January 2022, Sheela Group, the parent company of Joyce and an India-based manufacturer specializing in PU Foam, successfully acquired Interplasp. The financial specifics of the acquisition were not disclosed. This strategic move is poised to solidify the Group's standing as one of the globe's leading and highly successful foam production enterprises. The acquisition facilitates the exchange of expertise, resources, and innovations on a global scale for Sheela Group. Interplasp, a Europe-based manufacturer, specializes in flexible polyurethane foam production. Through this acquisition, Sheela Group gains access to Interplasp's capabilities, potentially enhancing its own expertise and expanding its global reach in the production of foam-based materials. This strategic alignment signifies Sheela Group's commitment to fostering innovation and leveraging synergies to further strengthen its position as a key player in the global foam production industry.

Major companies operating in the flexible foam market report are Badische Anilin- und Soda-Fabrik SE, The Dow Chemical Company, Huntsman Corporation, Ube Industries Ltd., Recticel Flexible Foams nv, Zotefoams PLC, The Woodbridge Group of Companies, SEKISUI Alveo AG, Covestro AG, Rogers Corporation, JSP Foam Products Pte. Ltd., O.R.S.A. Foam Spa, Bayer MaterialScience LLC, Mitsui Chemicals Inc., Kaneka Corporation, Flexipol Foams Pvt. Ltd., Sealed Air Corporation, UFP Technologies Inc., Vita Group, Eurofoam Group GmbH, Armacell International S.A., INOAC Corporation, FXI Inc., Future Foam Inc., W.W. Carpenter Company, Foamcraft Inc., Foam Supplies Inc., Alanto Ltd., FoamPartner (Switzerland) AG, Grand Rapids Foam Technologies, Hira Industries LLC, Innovo Packaging Group LLC.

Asia-Pacific was the largest region in the flexible foam market share in 2023. The regions covered in the flexible foam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the flexible foam market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The flexible foam market consists of sales of open-cell polyurethane foam, closed-cell polyurethane foam, bio-based cross-linked polyethylene foam, and extruded polyethylene foam. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12702

1. Executive Summary

2. Flexible Foam Market Characteristics

3. Flexible Foam Market Trends And Strategies

4. Flexible Foam Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Flexible Foam Market Size and Growth

5.1. Global Flexible Foam Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Flexible Foam Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Flexible Foam Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Flexible Foam Market Segmentation

6.1. Global Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Polyurethane (PU) Foam
Polyethylene (PE) Foam
Polypropylene (PP) Foam
Ethylene-Vinyl Acetate (EVA)
Other Types
6.2. Global Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
High-Density
Medium-Density
Low-Density
6.3. Global Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Furniture And Upholstery
Automotive
Packaging
Building And Construction
Consumer Goods
Other Applications

7. Flexible Foam Market Regional And Country Analysis

7.1. Global Flexible Foam Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Flexible Foam Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Flexible Foam Market

8.1. Asia-Pacific Flexible Foam Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Flexible Foam Market

9.1. China Flexible Foam Market Overview
9.2. China Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Flexible Foam Market

10.1. India Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Flexible Foam Market

11.1. Japan Flexible Foam Market Overview
11.2. Japan Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Flexible Foam Market

12.1. Australia Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Flexible Foam Market

13.1. Indonesia Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Flexible Foam Market

14.1. South Korea Flexible Foam Market Overview
14.2. South Korea Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Flexible Foam Market

15.1. Western Europe Flexible Foam Market Overview
15.2. Western Europe Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Flexible Foam Market

16.1. UK Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Flexible Foam Market

17.1. Germany Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Flexible Foam Market

18.1. France Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Flexible Foam Market

19.1. Italy Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Flexible Foam Market

20.1. Spain Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Flexible Foam Market

21.1. Eastern Europe Flexible Foam Market Overview
21.2. Eastern Europe Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Flexible Foam Market

22.1. Russia Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Flexible Foam Market

23.1. North America Flexible Foam Market Overview
23.2. North America Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Flexible Foam Market

24.1. USA Flexible Foam Market Overview
24.2. USA Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Flexible Foam Market

25.1. Canada Flexible Foam Market Overview
25.2. Canada Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Flexible Foam Market

26.1. South America Flexible Foam Market Overview
26.2. South America Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Flexible Foam Market

27.1. Brazil Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Flexible Foam Market

28.1. Middle East Flexible Foam Market Overview
28.2. Middle East Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Flexible Foam Market

29.1. Africa Flexible Foam Market Overview
29.2. Africa Flexible Foam Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Flexible Foam Market, Segmentation By Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Flexible Foam Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Flexible Foam Market Competitive Landscape And Company Profiles

30.1. Flexible Foam Market Competitive Landscape
30.2. Flexible Foam Market Company Profiles
- 30.2.1. Badische Anilin- und Soda-Fabrik SE
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. The Dow Chemical Company
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Huntsman Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Ube Industries Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Recticel Flexible Foams nv
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Flexible Foam Market Competitive Benchmarking

32. Global Flexible Foam Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Flexible Foam Market

34. Flexible Foam Market Future Outlook and Potential Analysis

34.1 Flexible Foam Market In 2028 - Countries Offering Most New Opportunities
34.2 Flexible Foam Market In 2028 - Segments Offering Most New Opportunities
34.3 Flexible Foam Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer