Press release
Consumer Foam Market Share 2022 Industry Growth, Top Players, Key Segmentation and Forecast till 2029
Consumer Foam Market Overview:The consumer foam market is dominated by well-established players who are constantly competing for market dominance. To compete, medium and small-sized manufacturers in the consumer foam market are acquired or merged with major players. Furthermore, research and development activities are critical for the growth of the consumer foam market. The key players invest in these activities to develop innovative formulations and plan strategies for global market expansion. The development of new manufacturing techniques has aided in meeting the rising demand for consumer foams.
The consumer foam market is projected to grow from 32.50 USD billion in 2021 to 58.37 USD billion by 2029, at a CAGR of 4.95% from 2022 to 2029.
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Consumer Foam Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Covestro AG, BASF SE, JSP Corporation, Dow Inc., Huntsman Corporation, Sekisui Chemical Co., Ltd., Saint-Gobain, JSP Corporation, Trelleborg AB, Chemtura Corporation (Lanxess) and Others
Recent Developments
In March 2021, Recticel NV/SA acquired FoamPartner, a Swiss global provider of high value-added technical foams, to leverage numerous synergies in resources and talents to promote excellence.
In February 2020, Huntsman Corporation acquired Icynene-Lapolla (US), a manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications for USD 350 million. This acquisition aims at helping Huntsman Corporation in enhancing its downstream polyurethanes business, as well as in strengthening its polyurethane product portfolio.
In July 2018, Rogers Corporation acquired Griswold, LLC, a leading manufacturer of custom-engineered cellular elastomer and high-performance polyurethanes. This acquisition helped Rogers Corporation in enhancing its polyurethane foam product portfolio, as well as in expanding its market reach.
Consumer Foam Market Segmentation:
Consumer Foam Market by Foam Type, 2020-2029, (USD Million) (Kilotons)
Flexible Foam
Rigid Foam
Consumer Foam Market by Resin Type, 2020-2029, (USD Million) (Kilotons)
Polyurethane
Polystyrene
Polyolefins
Phenolic
Consumer Foam Market by End Use Industry, 2020-2029, (USD Million) (Kilotons)
Bedding & Furniture
Footwear
Automotive
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Consumer Foam Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Dynamics
Drivers
Increased Local Car Sales to Drive the Demand for Consumer Foam
Strong Automobile Production to Drive the Demand for Foam
High Growth in the Automotive Industry to Drive the Market
Restraints
Increasing Use of PU Foam in the Bedding & Furniture Sector to Drive the Market
Opportunities
Growth in the Automotive Industry to Drive the Demand for Foam
Automotive Industry to Boost the Market
Challenges
Moderate Growth Expected in this Mature Market
Automotive and Consumer Electronics Sectors to Boost Demand
Presence of Key Automotive Players to Positively Influence the Market
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Key Consumer Foam Market Trends
- The report identifies, determines, and forecasts the Global Consumer Foam Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Consumer Foam Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Consumer Foam Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Consumer Foam Market.
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