Press release
Consumer Foam Global Market 2024 - Comprehensive Analysis of Size, Share, and Growth Trends with Forecasts Till 2033
Consumer Foam Market
The Business Research Company presents an extensive market research report on the Consumer Foam Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The consumer foam market size has grown strongly in recent years. It will grow from $38.94 billion in 2023 to $41.75 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to foam material science advancements, acoustic insulation requirement, flexible foam packaging evolution, sports and leisure industry demand, consumer preference for comfort products..
The consumer foam market size is expected to see strong growth in the next few years. It will grow to $54.77 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to growing demand in furniture and bedding, expanding automotive sector, rise in construction industry, healthcare and medical applications, e-commerce impact.. Major trends in the forecast period include regulatory compliance and standards, material science advancements, collaborations.
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Key Market Players:
Major companies operating in the consumer foam market report are Covestro AG, ACH Foam Technologies LLC, Arkema Inc., BASF SE, Borealis AG, Dow Chemical Company, Hanwha Chemical Corporation, Huntsman Corporation, JSP Corporation, Kaneka Corporation, Loyalty Group Limited, Mitsui Chemicals Inc., Saudi Basic Industries Corporation, Compagnie de Saint-Gobain SA, Sekisui Chemical Co. Ltd., Toray Industries Inc., Trelleborg AB, Woodbridge Foam Corporation, INOAC Corporation, Recticel NV, Rogers Corporation, Foamcraft Inc., Henkel Ag & Co. Kgaa, UFP Technologies Inc., Armacell International S.A., Sealed Air Corporation, Zotefoams plc, American Excelsior Company, All Foam Products Co. Inc., Wisconsin Foam Products Inc., ArtUSA Noise Control Products Inc.
Market Drivers:
The increasing demand for foam in the bedding and furniture industries is expected to propel the consumer foam market going forward. Bedding refers to a piece of furniture used for sleeping. The ""furniture industry"" refers to businesses that manufacture and sell furniture. The foam mattresses are becoming popular because of their comfort factor. In recent years, the market has introduced various products that enable consumers to reshape or interchange the foam layers based on their preferred comfort level. Foam is used in cushions and mattresses to provide durable and comfortable shapes to customers. For instance, in August 2022, according to Digital Commerce 360, a media reporting and analysis company, online mattress sales grow 20.5% from 2021. Therefore, the increase in the need for foam in the bedding and furniture industries will drive the growth of the consumer foam market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/consumer-foam-global-market-report
The consumer foam market covered in this report is segmented -
1) By Type: Flexible Foam, Rigid Foam
2) By Resin Type: Polystyrene, Polyurethane, Phenolic, Polyolefins, Other Resin Types
3) By End-use: Bedding and Furniture, Automotive, Consumer Electronics and Appliances, Footwear, Sports and Recreational Products, Others (Beauty and Personal care, Apparel, and Household cleaning)
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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