Press release
Unlocking Opportunities in the Flexible Foam Market: 2025-2034 Forecast Report
Flexible Foam
What Will the Flexible Foam Industry Market Size Be by 2025?
In recent times, there has been robust growth in the market size of flexible foam. It is projected to expand from a value of $53.96 billion in 2024 to $57.58 billion in 2025, recording a compound annual growth rate (CAGR) of 6.7%. The demand from the consumer electronics sector, amplified use in packaging, leaning towards cozy furniture and bedding, broadened use in automotive applications and demand for insulation in the construction industry are the attributing factors for the growth in the historic period.
What's the Long-Term Growth Forecast for the Flexible Foam Market Size Through 2029?
Robust expansion is projected for the flexible foam market in the upcoming years, with its size potentially inflating to $77.4 billion by 2029, registering a compound annual growth rate (CAGR) of 7.7%. This surge during the predicted period is linked to the transformation towards smart and functional foam solutions, their escalating use in packaging sectors, expansion in healthcare and medical applications, progress in bio-based materials, and stress on energy conservation in construction. The forecast duration will also be characterized by trends like lightweight and high-performance materials, emphasis on sustainability and eco-friendly solutions, breakthroughs in comfort and ergonomics, enhancements in insulation and energy efficiency, and a shift towards customization and specialization.
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What Are the Key Growth Drivers Fueling the Flexible Foam Market Expansion?
The flexible foam market is anticipated to experience rapid growth due to increased demand from different sectors. Flexible foam, a plastic or polymer derived from petroleum hydrocarbons and other organic substances linked via urethane relations, is popular in numerous industrial applications due to its unique attributes, cost-effectiveness, and dependability. The rise in flexible foam usage in numerous industries stimulates demand subsequently propelling the flexible foam market. For example, Furnishing Idea, a UK-based web portal focused on the furnishing industry, in August 2024, pointed out an elevation of 1.8 percent in the production of flexible polyurethane foams in Europe in 2023 compared to 2022, achieving a total of 1.38 million tons. Furthermore, Turkey emerged as Europe's largest PU block foam-producing region. The produced foam is allocated in the following manner: 50% for upholstered furniture, 35% for bedding, 10% for transportation, and 5% for other similar applications - a distribution similar to the previous year's. Consequently, the flexible foam market is experiencing growth brought about by the escalating demand in various industries.
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What Are the Key Trends Driving Flexible Foam Market Growth?
The rise of innovative products in the flexible foam industry is becoming a significant trend. Companies that hold a major stake within the flexible foam market are adopting strategies such as developing innovative solutions to bolster their market stand. An example of this was in April 2024 when Huntsman International LLC, a chemical manufacturing company based in the U.S., unveiled its SHOKLESS polyurethane foam system. This system highlights lightweight, long-lasting foam solutions created to conserve the structural stability and thermal effectiveness of electric vehicle (EV) batteries, presenting options for usage as moldable encapsulants within battery modules or packs. These rapid-processing systems offer application flexibility and robust mechanical properties over a variety of temperatures, ensuring improved safety and efficiency for EV battery production.
How Is the Flexible Foam Market Segmented?
The flexible foam market covered in this report is segmented -
1) By Type: Polyurethane (PU) Foam, Polyethylene (PE) Foam, Polypropylene (PP) Foam, Ethylene-Vinyl Acetate (EVA), Other Types
2) By Density: High-Density, Medium-Density, Low-Density
3) By Application: Furniture And Upholstery, Automotive, Packaging, Building And Construction, Consumer Goods, Other Applications
Subsegments:
1) By Polyurethane (PU) Foam: Flexible PU Foam, Rigid PU Foam
2) By Polyethylene (PE) Foam: Cross-Linked PE Foam, Non-Cross-Linked PE Foam
3) By Polypropylene (PP) Foam: Expanded PP Foam, Extruded PP Foam
4) By Ethylene-Vinyl Acetate (EVA) Foam: Closed-Cell EVA Foam, Open-Cell EVA Foam
5) By Other Types: Neoprene Foam, Rubber Foam, Latex Foam
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Which Companies Are Leading the Charge in Flexible Foam Market Innovation?
Major companies operating in the flexible foam market are Badische Anilin- und Soda-Fabrik SE, The Dow Chemical Company, Huntsman Corporation, Ube Industries Ltd., Recticel Flexible Foams nv, Zotefoams PLC, The Woodbridge Group of Companies, SEKISUI Alveo AG, Covestro AG, Rogers Corporation, JSP Foam Products Pte. Ltd., O.R.S.A. Foam Spa, Mitsui Chemicals Inc., Kaneka Corporation, Flexipol Foams Pvt. Ltd., Sealed Air Corporation, UFP Technologies Inc., Vita Group, Eurofoam Group GmbH, Armacell International S.A., INOAC Corporation, FXI Inc., Future Foam Inc., W.W. Carpenter Company, Foamcraft Inc., Foam Supplies Inc., Alanto Ltd., FoamPartner (Switzerland) AG, Grand Rapids Foam Technologies, Hira Industries LLC, Innovo Packaging Group LLC
Which Regions Are Leading the Global Flexible Foam Market in Revenue?
Asia-Pacific was the largest region in the flexible foam market share in 2024. The regions covered in the flexible foam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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