(MENAFN- EIN Presswire)
Flexible Foam market Revenue
Infrastructural development, favorable public-private partnerships, and expansion of residential & commercial sector have boosted the growth.
WILMINGTON, DE, UNITED STATES, October 21, 2024 /EINPresswire / -- A recent report by Allied Market Research titled“Flexible Foam Market by Type (Polyurethane (PU) Foam, Polyethylene (PE) Foam, Polypropylene (PP) Foam, Ethylene–Vinyl Acetate (EVA), and Others) and Application (Furniture & Bedding, Transportation, Packaging, Construction, and Consumer Goods): Global Opportunity Analysis and
industry Forecast, 2020–2027” reveals that the global flexible foam market, valued at $44.1 billion in 2019, is expected to reach $61.3 billion by 2027, expanding at a CAGR of 5.2% from 2020 to 2027.
Download Sample Pages of Research Overview:
Key Market Drivers, Restraints, and Opportunities:
- Growth Drivers: The rapid expansion of the residential and commercial construction sectors, increasing public-private infrastructure projects, and ongoing urbanization have propelled the market's growth.
- Challenges: Price volatility in raw materials and stringent regulations surrounding their use have posed challenges to the market.
- Opportunities: Technological advancements and the growing presence of international infrastructure players in emerging markets are expected to create new growth avenues.
Market Segmentation Insights:
By Type:
- Polyurethane (PU) Foam: PU foam dominated the market in 2019, holding around 60% of the total share due to its lightweight, improved thermal insulation, recyclability, and waste-reduction benefits.
- Polypropylene (PP) Foam: Expected to register the highest CAGR of 5.6% during the forecast period, PP foam is gaining traction due to its durability, recyclability, and growing demand for bio-based alternatives.
By Application:
- Packaging: The packaging segment is projected to grow at the fastest pace, with a CAGR of 7.0%, driven by the rising adoption of composite packaging solutions across industries.
- Furniture & Bedding: In 2019, this segment accounted for over 60% of the market share, as flexible foam is extensively used to enhance the durability, comfort, and support of furniture products.
Regional Insights:
- Asia-Pacific: Leading the global flexible foam market with nearly 50% of the total share in 2019, this region is anticipated to continue its dominance, achieving a CAGR of 5.6%. The region's robust end-use industries, such as automotive, packaging, and construction, fuel this growth.
- North America: The market in North America is expected to grow at a CAGR of 4.7% over the forecast period, driven by steady demand from industries like furniture and bedding, and transportation.
Major Market Players:
- BASF SE
- Sekisui Chemical Co. Ltd.
- Rogers Corporation
-The Woodbridge Group
- The Dow Chemical Company
Interested in Procuring This Report? Visit Here:
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN21102024003118003196ID1108800593
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.