Flexible Foam Market Report - Developing Countries Spearhead Current and Future Market Growth

"Did you know that the global flexible foam market is projected to reach $61.3 billion by 2027? According to a recent report by Allied Market Research, factors such as infrastructural development, favorable public-private partnerships, and expansion of the residential & commercial sector are driving the growth of the market. However, fluctuations in raw material prices and regulatory interventions pose challenges.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.alliedmarketresearch.com/request-sample/7008

The COVID-19 pandemic has also left its mark on the industry, with lockdowns and labor shortages temporarily suspending manufacturing activities. Raw material shortages and disrupted supply chains further added to the challenges faced by the flexible foam market.

Polyurethane (PU) foam takes the lead, contributing to around three-fifths of the global market share. Its lightweight, enhanced cushioning, improved thermal insulation, and environmental benefits make it a preferred choice. Meanwhile, the polypropylene (PP) foam segment is expected to witness the highest growth, driven by demand from prime end-use industries and a surge in bio-based polypropylene demand.

In terms of applications, packaging is expected to witness the fastest growth, with a forecasted CAGR of 7.0%. The furniture & bedding segment, on the other hand, held the largest share in 2019.

Geographically, Asia-Pacific dominates the market, contributing nearly half of the global share. The region is also expected to register the highest CAGR, thanks to diverse end-use industries.

Key players in the market include BASF SE, Sekisui Chemical Co. Ltd., Rogers Corporation, The Woodbridge Group, and The Dow Chemical Company.

If you want to dive deeper into the details, you can check out the full report here @ https://www.alliedmarketresearch.com/flexible-foam-market-A06643

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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