Infrastructural development, favorable public-private partnerships, and expansion of residential & commercial sector have boosted the growth of the global flexible foam market
PORTLAND, Ore., Aug. 5, 2020 /PRNewswire/ -- Allied Market Research recently published a report, "Flexible Foam Market by Type ((Polyurethane (PU) Foam, Polyethylene (PE) Foam, Polypropylene (PP) Foam, Ethylene–Vinyl Acetate (EVA), and Others) and Application (Furniture & Bedding, Transportation, Packaging, Construction, and Consumer Goods): Global Opportunity Analysis and Industry Forecast, 2020–2027". According to the report, the global flexible foam industry was pegged at $44.0 billion in 2019, and is projected to reach $61.3 billion by 2027, growing at a CAGR of 5.2% from 2020 to 2027.
Drivers, restraints, and opportunities-
Infrastructural development, favorable public-private partnerships, and expansion of residential & commercial sector have boosted the growth of the global flexible foam market. However, fluctuations in prices of raw materials and regulatory intervention on raw materials hamper the market growth. On the contrary, rapid technological advancements and penetration of international infrastructure players in developing economies are expected to create lucrative opportunities for the market players in the coming years.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/7008
Covid-19 scenario: The outbreak of Covid-19 has greatly affected the global flexible foam market.
- Lockdown in various countries and shortage of labor have temporarily suspended the manufacturing of advanced materials.
- Dearth of raw materials and disrupted supply chain have affected the manufacturing of flexible foams.
The polyurethane (PU) foam segment dominated the market-
By type, the polyurethane (PU) foam segment held the lion's share in 2019, contributing to around three-fifths of the global flexible foam market, owing to its key features such as lightweight enhanced cushioning and sealing, improved thermal insulation and its environmental benefits such as recyclability, reduction in wastage, and higher sustainability. However, the polypropylene (PP) foam segment is expected to register the highest CAGR of 5.6% during the forecast period, due to increased demand from prime end-use industries for durable and recyclable foams coupled with surge in demand for bio-based polypropylene.
Get Detailed COVID-19 Impact Analysis on the Flexible Foam Market @ https://www.alliedmarketresearch.com/request-for-customization/7008?reqfor=covid
The packaging segment to portray highest CAGR through 2027-
By application, the packaging segment is expected to manifest the fastest CAGR of 7.0% during the forecast period, owing to increased adoption of composite packaging in various industries. However, the furniture & bedding segment held the largest share in 2019, accounting for more than three-fifths of the global flexible foam market, as the furniture industry demands flexible foam to make furniture more durable, supportive, and comfortable.
Asia-Pacific, followed by Europe and North America, held the largest share-
By region, the global flexible foam market across Asia-Pacific held the largest share in 2019, contributing to nearly half of the market. Moreover, the region is expected to register the highest CAGR of 5.6% during the forecast period, due to presence of diverse end-use industries in various regions including packaging, automotive, and packaging industries. On the other hand, the market across North America is expected to register a CAGR of 4.7% during the forecast period.
Major market players
- BASF SE
- Sekisui Chemical Co. Ltd.
- Rogers Corporation
- The Woodbridge Group
- The Dow Chemical Company
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/purchase-enquiry/7008
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Microcellular Polyurethane Foam Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
Conductive Polymer Market: Global Opportunity Analysis and Industry Forecast, 2019–2026
Firefighting Foam Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Flexible Pipes Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: 1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on: LinkedIn Twitter
SOURCE Allied Market Research