DUBLIN , Oct. 6, 2022 /PRNewswire/ -- The "Flexible Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global flexible foam market size reached US$ 43.05 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 58.89 Billion by 2027, exhibiting a CAGR of 5.36% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Flexible foam is a polymer with an open cell structure produced from the reaction of polyols and isocyanates. It has sound absorption properties on account of the cavities, channels, or interstices present in its structure. It also exhibits load-bearing properties as flexible foam can recover from compression once the load is removed and it consequently finds extensive applications as a shock absorber. Besides this, as it is lightweight and durable, flexible foam is employed in the packaging industry across the globe.
Flexible foams are used in the automotive industry for the manufacturing of headliners, car seats, head and arm rests, automotive trim, sun visors, motorcycle saddles, interior panels and skins, car and truck fenders, truck beds, energy-absorbing bumpers, and support rings for run-flat tires. They are also used for cushioning in upholstered furniture, mattresses, pillows, sofas, balls, figurines, theatre seat cushions, office chairs, carpet underlay, and shoe soling.
This, in confluence with increasing building and construction activities around the world, represents one of the key factors stimulating the growth of the market. Moreover, polyol, a raw material used in the production of flexible foam, is mainly derived from petroleum, which is a non-renewable resource.
However, vegetable oil-based polyols are nowadays increasingly being used as potential substitutes for petrochemical polyols on account of their sustainability. Besides this, they are readily available and offer easy processing, chemical functionality, and relatively low cost. This, coupled with rising technological advancements, is positively influencing the market. Furthermore, significant growth in the automotive industry and increasing research and development (R&D) activities are anticipated to facilitate the growth of the market in the coming years.
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 5 Global Flexible Foam Market 6 Market Breakup by Type 7 Market Breakup by Application 8 Market Breakup by Region 9 SWOT Analysis 10 Value Chain Analysis 11 Porters Five Forces Analysis 12 Price Analysis 13 Competitive Landscape
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