openPR Logo
Press release

What's Driving The Flexible Foam Market Size? | Top Key players BASF, The Dow Chemical Company, Huntsman Corporation, Covestro, Recticel, Rogers Corporation, JSP, Zotefoams

06-12-2019 06:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Flexible Foam Market

Flexible Foam Market

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.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1735

Growing consumers spending on luxury beddings and consumer goods coupled with buoyant demand for the product in several end-use industries including furniture & upholstery, transportation, packaging, consumer goods, and construction will propel the flexible foam market growth. Increasing demand for safety and comfort in automotive and furniture industry will provide lucrative opportunities for the industry participants.

Growth drivers
1 Growth in the automotive and transportation industry
2 Rapid expansion in packaging industry
3 Increasing utilization of thermal insulation in the construction industry
4 Strong outlook in furniture & bedding industry

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.

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

The automotive industry is another lucrative end-use sector of the flexible foam market. Given that the product offers stress and tensile handling properties, and increased resistance to solvents and light, it is used extensively in the transportation industry for making seats, armrests, headrests, HVAC components, interior panels and skins, truck beds, headliners, and other interior systems. Polyurethane foam is also used to offer automobile designers and manufacturers the means to make products that can easily be assembled, disassembled, and recycled. The product also meets the highest performance specifications over a wide range of automotive applications without increasing vehicle weight. Despite heavy, prolonged use over the years, polyurethane foam can retain its original shape, firmness, and resiliency. Recent developments in polyurethane technology for automotive design will contribute towards improving passenger comfort, energy and sound absorption, moisture and heat resistance and compressive strength in vehicles. In consequence, flexible foam market is likely to procure a major chunk of its profits from the automotive sector.

Elaborating on the extensive deployment of polyurethane for introducing light weightiness in vehicles, it would be prudent to mention that high-density polyurethane foam components can be effectively coated to seem like the original product, and can be manufactured with a closed-cell structure that boasts of being water-tight. Ergo, the component is not susceptible to rotting, delaminating from water intrusion, or warping. PU foam is also equipped with exceptional self-skinning properties, making the product ready for painting or coating. This has consequently increased the deployment of PU foams in myriad automotive and aerospace applications, thereby driving the PU flexible foam market share.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1735

Powered by its excellent characteristics, polyurethane foam is widely used across a spate of industry verticals. As a matter of fact, polyurethane dominated the overall flexible foam market in 2018, with a share of over 60% of the demand. Driven by its innumerable applications in lightweight automotive parts, as thermal insulation products in buildings, in automotive interior components, and as cushioning in beddings, upholstery, etc., polyurethane-based flexible foam industry is slated to traverse alongside a highly profitable growth path in the years ahead.

Speaking of the regional spectrum of flexible foam market, the APAC undeniably, has emerged as a forerunner, a feat that can be credited to the expanding automotive and consumer goods industries in the region. As a matter of fact, the continent boasts of increased expenditure on luxurious consumer goods coupled, thereby fueling the demand for memory foams in mattresses and beddings. The region’s construction industry has also been undergoing a robust expansion of sorts, that has considerably increased the demand for flexible foams in the continent.

Powered by the expanding hospitality industry, specifically across the South-East Asian nations of Thailand, Singapore, Malaysia, Vietnam, and Indonesia, on account of supportive FDI policies, APAC flexible foam market share is anticipated to depict a commendable rise in the years ahead. Indeed, as per estimates, Asia Pacific led the overall flexible foam market share in 2018, accounting for more than 30% of the demand.

Asia Pacific flexible foam market will grow significantly owing to the increasing presence of online platforms to provide a wide range of products will augment the regional growth. Shifting consumer interests for home interior products are boosting the demand for different flexible foam types in the industry. Expansion of prominent furniture brands in the region to provide superior quality and low-cost furniture and upholsteries will steer the flexible foam market growth. For instance, in September 2017, IKEA, Swedish-furniture manufacturer, and retailer announced to open its first distribution center in India to enhance their industry share.

Key players in the flexible foam market includes Covestro AG, BASF, Dow Chemical Company, Recticel, and Huntsman International. New product launches and technological developments are among the key strategies observed in the industry. For instance, in April 2018, SINOYQX launched its melamine flexible foam, YQX TG with enhanced thermal insulation, sound absorption, and chemical & fire-resistant properties that it provides to automotive & marine engine parts.

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

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.

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 What's Driving The Flexible Foam Market Size? | Top Key players BASF, The Dow Chemical Company, Huntsman Corporation, Covestro, Recticel, Rogers Corporation, JSP, Zotefoams here

News-ID: 1772118 • Views: 219

More Releases from Global Market Insights

Liquid Silicone Rubber Market to accrue lucrative gains over the forecast timefr …
North America led by the U.S and Canada is the largest liquid silicone rubber market owing to positive indicator in healthcare industry and growing demand for disposable medical devices, implants and equipment propelling regional industry growth. As of 2015, 15% of total population in the U.S. is aged above 65 and needs medical attention hence would impact positively on LSR market size. Liquid Silicone Rubber Market size is may experience significant
Bullet Resistance Glass Market to phenomenally drive the global landscape over 2 …
North America, led by the U.S. has significant share in global bullet resistance glass market attributing to increased crime rate and flourishing defence industry. Defence industry is anticipated to grow around 3.2 % in next five years with an aim to strengthen US military. Europe led by Germany has substantial share owing to well established automobile industry hosting big players such as Audi and Volkswagen. Based on application, bullet resistance glass
Spray Drying Equipment Market to depict appreciable growth prospects over 2019-2 …
North America, driven by Canada and the U.S spray drying equipment market size may witness strong growth owing to increase in powdered milk consumption, and pharmaceutical industry. Rise in healthcare facilities along with strong R&D investment in pharmaceutical sector should stimulate regional industry growth. Europe driven by UK, France and Germany spray drying equipment market size may show remarkable growth in the dairy sector. Friesland Campina, Arla, Danone, Nestle and
Ceramic Matrix Composites Market to witness high growth in near future | key pla …
North America led the ceramic matrix composites market share in 2016 and is anticipated to witness fast pace by 2024. The regional ceramic matrix composites market size growth can be attributed to the developing aerospace and defense industry along with strict regulations stressing the use of fuel efficient and light weight products. Asia Pacific shall be the fastest growing region for the ceramic matrix composites market over the forecast timespan.

All 5 Releases


More Releases for Foam

Foam Blowing Agents Market - Product-based Foam Industry 2017 - 2025
Global Foam Blowing Agents Market: Snapshot Development in automotive industry is anticipated to expand the global market for foam blowing agents. Foam blowing agents are used for enhancing the properties of polymers. They provide the polymer matrix a cellular structure that strengthens the foam. Polymeric foams have optimum flexibility, low heat transfer, and low density. The various foam blowing agents available in the global market are methylal, inert gases, methyl formate,
Global Anti-Foam Market
Anti-foam market: Drivers The applications of anti-foam agents are extensive and varied. The demand is rising with time. The antifoam market will grow and shine in the coming few years. Staggering expansion of the pharmaceuticals industry, packaged food industry, textile industry will drive the overall development of the antifoam markets spread across the globe. To compliment this soaring demand, several new players are foraying in the antifoam production market. Funds are
Technical Foam Services Develops Innovative New Scaffold Foam
Northamptonshire, United Kingdom (8th February, 2013) - Technical Foam Services Ltd, a leading independent engineer-based manufacturer and foam producer, announces the creation of a new scaffold foam. Technical Foam Services Ltd and their strategic construction partner have been working in unison to develop the Closed Cell PE Scaffold Foam, which uses high density polyethylene foam to offer protection against work equipment damage to decorated surfaces. The scaffold foam also uses a
Technical Foam Services Creates Foam Inserts for Rak Ceramics
Northamptonshire, United Kingdom (18th February, 2013) - Technical Foam Services Ltd, a leading independent engineering-based manufacturer and foam producer, earlier this month secured a contract with leading ceramic tile design and manufacturer Rak Ceramics. Rak Ceramics specialises in offering a range of high-quality ceramic tiles, distributing their products to DIY retailers and kitchen designers nationwide. Sales representatives from the company were becoming increasingly concerned with the loss and damage of these tiles
Technical Foam Services Manufactures Cancer Prevention Foam
Northamptonshire, United Kingdom (17 June, 2011) - Technical Foam Services, a leading independent engineering-based manufacturer and foam producer, is proud to have been part of an exciting new development in the world of cancer prevention. A far cheaper and more patient-friendly method has been developed by the UK Medical Research Council, which involves the use of a reticulated foam sponge encapsulated within a pill. Once the pill is swallowed, it dissolves
Technical Foam Services Expand Range of Foam Insert Fabrics
Northamptonshire, United Kingdom (19th May, 2011) – Technical Foam Services, a leading independent engineering-biased manufacturer and foam producer, has expanded their range of fabrics to be used with foam inserts. Technical Foam Services have long been recognised as the UK’s leading supplier of foam inserts, producing them for a wide variety of applications, such as large suitcase inserts suitable for holding ceramics and glassware through to small inserts used