Press release
Flexible Foam Market Challenges, Top Players, Demand, Share And Trends 2023
Flexible Foam Market
The Business Research Company's Flexible Foam Global Market Report 2023 identifies growing demand for flexible foam as the major driver for the Flexible Foam market's growth in the forecast period. Flexible foam is a polymer or plastic that has been produced from petroleum hydrocarbons and other organic chemicals joined by urethane bonds. It is employed in a variety of industrial applications due to exceptional qualities, lower raw material costs, and reliability.
The global flexible foam market is expected to grow from $47.75 billion in 2022 to $51.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of flexible foam market is expected to grow to $65.10 billion in 2027 at a CAGR of 6.2%.
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Major competitors in the Flexible Foam market are BASF SE, The Dow Chemical Company, HuntsmanCorporation, Ube Industries, Ltd., Recticel Flexible Foams, Zotefoams Plc.
A key trend in the Flexible Foam market includes innovative product. Major companies operating in the flexible foam market are focused on developing innovative solutions to strengthen their position in the market. For instance, in March 2021, Covestro AG, a German-based company specializing in producing a variety of polyurethane and polycarbonate-based raw materials, developed an innovative process to chemically recycle polyurethane (PU) flexible foam from used mattresses. It expands upon its involvement with the Recticel company-led PUReSmart project. Each mattress has 15 to 20 kg of foam on average.
Read More On The Global Flexible Foam Market Report Here:
https://www.thebusinessresearchcompany.com/report/flexible-foam-global-market-report
The Flexible Foam market is segmented -
• By Type: Polyurethane (PU) Foam, Polyethylene (PE) Foam, Polypropylene (PP) Foam, Ethylene-Vinyl Acetate (EVA), Other Types
• By Density: High-Density, Medium-Density, Low-Density
• By Application: Furniture And Upholstery, Automotive, Packaging, Building And Construction, Consumer Goods, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Flexible Foam market.
The Business Research Company's "Global Flexible Foam Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Flexible Foam Market Include:
1. Executive Summary
2. Flexible Foam Market Characteristics
3. Flexible Foam Market Trends And Strategies
4. Flexible Foam Market - Macro Economic Scenario
5. Flexible Foam Market Size And Growth
………………………………………………………………………
26. Africa Flexible Foam Market
27. Flexible Foam Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Flexible Foam Market
29. Flexible Foam Market Future Outlook and Potential Analysis
30. Appendix
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