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.
- Advertising -
Browse 94 market data tables and 33 figures spread through 192 pages and in-depth TOC on “Flexible Foam Market ”
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.
- Advertising -
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.
Download PDF Brochure @ www.marketsandmarkets.com/pdfdownload.asp?id=162971324
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.
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).
Speak to Analyst @ www.marketsandmarkets.com/speaktoa….asp?id=162971324
Category: Market Research Publishers and RetailersCompany profile: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...
For more information: