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Furniture Foam Market 2021 Rising Trends and New Technology Research
Furniture Foam
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Favorable growth of the tourism & hospitality industry globally is boosting demand for luxury furniture which is projected to drive growth of global furniture foam market throughout the forecast period. For instance, according to India Brand Equity Foundation's report, the hotel & tourism sector in India received Foreign Direct Investment of US$ 12.35 billion during the period of April 2000 to March 2019.
Among product type, polyurethane foam segment accounted for largest market share in the global furniture foam market in 2018. Properties such as resilience, strength, comfort & durability makes polyurethane foam a preferred choice for manufacturing furniture. Moreover, polyurethane foam is cost-efficient and lasts for a longer time compared to other foam materials.
Key players operating in the global furniture foam market include Foam Factory Inc., Future Foam Inc., FXI, Grand Rapids Foam Technologies, G&B Foam (High Wycombe) Ltd., SINOMAX, Lensyl Products Limited, Southern Foam, Flexipol Foams Pvt. Ltd., KTT Enterprises among others
MARKET TAXONOMY
On the basis of product type, the global furniture foam market is segmented into:
Polyurethane Foam
Latex Foam
Others
On basis of category, the global furniture foam market is segmented into:
Rigid
Flexible
On basis of application, the global furniture foam market is segmented into:
Residential Furniture
Commercial Furniture
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