Flexible Foam Market worth 64.14 Billion USD by 2026
By MarketsandMarkets™ - Nov 28, 2018
[192 Pages] Flexible Foam Market research report categorizes the global market by Application (Transportation, Packaging, Furniture & Bedding), Type (Polypropylene, Polyurethane, Polyethylene), Region (Asia-Pacific, South America, North America, Europe, M
(EMAILWIRE.COM, November 28, 2018 ) According to the new market research report “Flexible Foam Market by Type (Polyurethane, Polyethylene, Polypropylene), Application (Furniture & Bedding, Transportation, Packaging), Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa) - Global Forecast to 2026”, published by MarketsandMarkets™, the flexible foam market is projected to grow from USD 35.86 Billion in 2016 to USD 64.14 Billion by 2026, at a CAGR of 5.99% from 2016 to 2026.Don’t miss out on business opportunities in “Flexible Foam Market”. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=162971324
The market is mainly driven by the growing use of flexible foams in furniture & bedding, automobiles, and packaging applications. In the automobile application, use of flexible foams results in reduced weight of vehicles, while in the packaging application, these foams not only ensure light weight of packages, but also offer cushioning and shock absorption properties.
Polyurethane (PU) foam is the largest type in the flexible foam market
Flexible polyurethane foams are commercially available in different forms such as slabstock, molded, and integral skin. These foams are flexible, structured, and non-reactive to chemicals and high temperatures, which makes them suitable for a wide variety of applications such as furniture & bedding, packaging, automotive, apparels, footwear, and other niche applications. PU foam also has environmental benefits; for instance, product made from polyurethane foam can be recycled and reused. Hence, the flexible foam market is expected to grow at a significant pace during the forecasted period.
Browse and in-depth TOC on “Flexible Foam Market”
94 - Tables
33 - Figures
192 - Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/flexible-foam-market-162971324.html
Transportation is the fastest growing application segment in the flexible foam market
Transportation application includes automobile, railways and aerospace. But automobile is the dominating industry in transportation application. The automobile industry is focusing on the weight reduction of vehicles. Companies are finding innovative ways to make use of materials to reduce the weight of the vehicles, which results in increasing efficiency. Flexible foam when combined with metals, helps to decrease weight, increases shock absorption and reduces vibration and dampening of the automobile. Hence, automobile manufacturers are focusing on increasing the use of flexible foam in the automobile.
Asia-Pacific has been the fastest-growing market for flexible foam
In 2015, Asia-Pacific was the fastest-growing market for flexible foam, in terms of both, volume and value, and is projected to continue the same during the forecast period. Emerging markets in Asia-Pacific such as China, India, South Korea, and the Southeast Asian countries are attracting global players to establish their manufacturing bases in this region. Manufacturers are vying to reach the wide customer base in countries such as China and India, to provide technologically advanced and quality products. Increased investments in various technological, infrastructural, and R&D sectors are driving the flexible foam market in the Asia-Pacific region.
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=162971324
The players profiled in the flexible foam market report are BASF SE (Germany), Bayer Material Science (U.S.), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.) Rogers Corporation (U.S.), Ube Industries, Ltd (Japan), Recticel (Belgium), Zotefoams Plc (U.K.), The Woodbridge Group (Canada), and Sekisui Alveo AG (Switzerland).
Media Contact
- Mr. Shelly Singh
- sales@marketsandmarkets.com
Related Tags
Read other news from MarketsandMarkets™
Timing Devices Market Size, Share, Revenue Trends & Forecast to 2030
MarketsandMarkets™ - Sep 18, 2023
Timing Devices Market by Type (Oscillators, Atomic Clocks, Clock Generators, Clock Buffers, Jitter Attenuators), Material (Crystal, Silicon, Ceramic), Vertical (Consumer Electronics, Automotive) and Region - Global Forecast to 2030 ...Read more
Artificial Intelligence Market Segmented by Product, Top Manufacturers, Geography Trends & Growth Opportunity to 2030
MarketsandMarkets™ - Sep 18, 2023
Artificial Intelligence technology such as machine learning, natural language processing, computer vision, and others are revolutionizing various sectors, including healthcare, finance, manufacturing, and retail. ...Read more
Digital PCR (dPCR) and Real-time PCR (qPCR) Market worth $12.4 billion by 2028, at a CAGR of 7.8%.
MarketsandMarkets™ - Sep 18, 2023
"Digital PCR (dPCR) and Real-time PCR (qPCR) Market by Product (Instruments, Reagents & Consumables, Software & Services), Application (Clinical, Research, Forensic), End User (Hospital, Diagnostic Labs, Pharma, Biotech, CROs) - Global Forecast to 2028". ...Read more