Press release
Global Flexible Foam Market to grow at 7.5% CAGR to expand $ 65bn till 2025 | Huntsman Corporation, The Dow Chemical Company, Covestro, Recticel, Rogers Corporation, BASF, JSP, Zotefoams
Asia Pacific flexible foam market, By Type, 2018 & 2025, (Million Tons)
Asia Pacific dominated the flexible foam market and accounted for over 30% of the overall demand in 2018. Surging consumer spending on luxurious products and consumer goods coupled with the rising demand for memory foams in beddings and mattresses will proliferate the regional industry growth.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1735
Significant growth in the regional construction industry owing to an increasing disposable income, and favourable FDI policies are propelling the regional growth during the forecasted timeframe. Growing hospitality industry, particularly in South-East Asian countries including Malaysia, Thailand, Indonesia, Vietnam, and Singapore owing to favourable FDI policies, will stimulate the market development.
Flexible Foam Market size is estimated to surpass USD 65 billion by 2025; according to a new research report by Global Market Insights, Inc. Strong outlook with versatile end-user applications including furniture & upholstery, packaging, construction, consumer goods, bedding, pillows, mattresses, carpet cushion, automotive interiors etc., are among key factors driving the flexible foam market growth. Features such as lightweight, high resiliency, durability, and improved safety & comfort will enhance the product scope in end-use applications. Shifting focus of the manufacturers towards development of products using bio-based materials will further stimulate the product demand.
Increasing disposable income along with rising inclination of consumers towards the purchase of luxurious interiors will propel the flexible foam market demand. Growing demand for memory and viscoelastic foam in bedding and mattress products along with rapid expansion in the flexible packaging industry owing to the enhanced protection against vibration during shipping will propel the industry growth. Also, increasing focus of manufacturers towards developing lightweight and fuel-efficient vehicles provides a positive outlook for the industry growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. American Excelsior Co
2. Sheela Foam Private Limited
3. Greiner MULTIfoam GmbH
4. Changzhou Xingang Plastic Products Co., Ltd.
5. Kaneka North America
6. Carpenter Co.
7. ORSA FOAM S.P.A.
8. Vita Cellular Foams (UK)
9. INOAC CORPORATION
10. Zotefoams
11. Sekisui Chemical Co.,Ltd.
12. Recticel
13. Woodbridge Foam Corp
14. The Woodbridge Group
15. Rogers Corporation
16. Huntsman Corporation
17. The Dow Chemical Company
18. Covestro
19. BASF
20. JSP
Growing demand for the product in furniture and upholstery applications to provide improved cushioning, low water absorption, good mechanical strength and absorption of static stress will enhance the market penetration. Favourable regulations provided by government bodies regarding the use of thermal insulation materials in the construction sector globally will fuel the industry expansion. For instance, the International Energy Conservation Code (IECC) has set a standard criterion to qualify in the national program through the construction of energy-efficient buildings with efficiency level between 40 to 50 percent compared to other houses. However, fluctuation of raw material costs and stringent regulations regarding the use of hazardous raw materials during the manufacturing of the product may hamper the demand.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1735
Polyurethane dominated the flexible foam market and accounted for over 60% of the overall demand in 2018. Polyurethane is widely used in numerous applications such as automotive interior components, lightweight automotive parts, cushioning in beddings and upholstery and as thermal insulation products in buildings etc. Features such as enhanced cushioning, lightweight, durability, lower installation time, increased shelf life and high resiliency are among key properties expected to drive the flexible polyurethane foam demand.
Furniture & upholstery end-use segment accounted for over USD 10 billion in 2018. Increasing number of restaurants with improved cushioning and comfort requirement supported by high consumer spending on luxurious interiors will positively influence the flexible foam market revenues. Technological advancements in flexible foam materials have fueled the applications scope in the past few years. Recent product developments in the flexible foam products have enabled the manufacturers to develop smart memory or viscoelastic products that provide better durability, longer product life and protection against allergens and microorganisms.
Browse Full Report : https://www.gminsights.com/industry-analysis/flexible-foam-market
BASF, Covestro AG, Huntsman International, Dow Chemical Company and Recticel are among major flexible foam manufacturers. Global industry share is highly fragmented with the presence of multinational and regional players. The manufacturers are involved in production capacity expansions, mergers & acquisitions, and new product launches, to gain a competitive share. For instance, in October 2014, Sekisui Chemical announced to invest USD 3 million in the manufacturing facilities in Coldwater, Michigan to cater the growing demand from the North American market.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://headlinenewsnation.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Flexible Foam Market to grow at 7.5% CAGR to expand $ 65bn till 2025 | Huntsman Corporation, The Dow Chemical Company, Covestro, Recticel, Rogers Corporation, BASF, JSP, Zotefoams here
News-ID: 1622322 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for Asia
Asia Private Equity Firm, Asia Private Equity Management, Asia Private Equity Se …
The private equity market in China has been rapidly growing in recent years. Private equity (PE) refers to the purchase of shares in a company that are not publicly traded on a stock exchange. PE firms typically target companies that are undervalued or in need of capital for growth, and aim to improve the company's operations and financial performance before selling it at a higher value.
https://boomingfaucet.com/
Asia Private Equity Consulting
E-mail:nolan@pandacuads.com
In China,…
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,…
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022.
23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property…
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019".
The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn…
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia
Equipping Asia’s navies with the latest diving technology for asymmetric warfare and
operations
SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is
seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting…
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients.
Asked to comment on the move, Luke Palmer, the…
