Press release
Consumer Foam Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Covestro AG, ACH Foam Technologies LLC, Arkema Inc., BASF SE, Borealis AG, Dow Chemical Company
Consumer Foam Market Characteristics
The Business Research Company offers in-depth market insights through Consumer Foam Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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)
Major Driver - Bedding And Furniture Industries Drive Growth In Consumer Foam Market
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.
Competitive Landscape:
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.
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Top Trend - Bio-Based Polyols Gain Traction In Consumer Foam Market
The growing use of bio-based polyols is a key trend in the consumer foam market. Bio-based polyols refer to polyols manufactured from renewable and sustainable resources. Major companies are manufacturing consumer products using foams made of bio-based polyols to increase sustainability and reduce carbon emissions. For instance, in November 2021, Stora Enso, a Finland-based pulp and paper industry company, launched bio-based packaging foam made from wood. The materials are completely recyclable and can be used for protective and thermal packaging. These lightweight wood foams meet the demand for cushioning materials that are environmentally friendly, renewable, and circular in inner packaging.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Consumer Foam Market Characteristics
3. Consumer Foam Market Trends And Strategies
4. Consumer Foam Market - Macro Economic Scenario
5. Consumer Foam Market Size And Growth
…..
27. Consumer Foam Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential
30. Appendix
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