Global Flexible Polyurethane Foam Market by Type (Polyurethane (PU) Foam, Polyethylene (PE) Foam, Polypropylene (PP) Foam, Others), Application (Furniture & Bedding, Transportation, Packaging, Others) and Regions (Asia Pacific, Europe, North America, Middle East & Africa, and Latin America) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
Report ID : QR1001424 | Industries : Chemicals & Materials | Published On :January 2022 | Page Count : 247Global Flexible Polyurethane Foam Market
The global flexible foam market is expected to grow at a CAGR of 5.99 percent from 2016 to 2026, from USD 35.86 billion in 2016. Flexible foams are used as cushioning material in a variety of end-use products, including beds, mattresses, chairs, garden furniture pillows, carpet cushions, automobile parts (seats, arm rests, headrests, and so on), and so on.
Drivers: Global Flexible Polyurethane Foam Market
The Driving Factors of Global Flexible Polyurethane Foam Market are Polyurethane foams are used in a variety of construction products and other applications as insulation, adhesives, sealants, and binders. Polyurethane foams are highly flexible materials that contribute to lower total infrastructure costs by reducing energy consumption in buildings. They enable architects to better insulate buildings, reducing their consumption of gas, oil, and electricity. As a result, the use of polyurethane foams for building insulation has increased.
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Restraints: Global Flexible Polyurethane Foam Market
The global submarine cable system market is stringent environmental regulations formulated by the US Environmental Protection Agency (EPA) for new and existing plant sites engaged in the manufacturing of flexible polyurethane foams are the major restraint on the growth of the polyurethane foam market.
Impact of COVID-19
The implementation of COVID-19 lockdowns around the world resulted in a significant decrease in demand for MDI from March to June 2020. The major buyers in Asia Pacific either cancelled or postponed their purchases. The European region's weak demand for polyurethane foams from the automotive sector was a major factor in the region's declining demand for MDI.
Segmentation by Type:
By Type, the Global Flexible Polyurethane Foam market is segmented into polyurethane foam segment accounted for the largest flexible foam market share in 2019, and this trend is expected to continue throughout the forecast period. This is due to the fact that polyurethane foam is widely used in the automotive industry to manufacture vehicles and their various parts.
Segmentation by Application
Based on application, the global Flexible Polyurethane Foam Market is segmented into Flexible foams are used in a variety of industries, including construction, furniture and bedding, packaging, and consumer goods. They are gaining popularity because they significantly reduce energy costs, making residential and commercial properties more energy-efficient and comfortable. Constructors primarily use flexible polyurethane foam to maintain uniform temperature and lower noise levels in residential and commercial properties.
Segmentation by Region
North America is expected to dominate the Global Flexible Polyurethane Foam Market in 2021, followed by Asia-Pacific, Europe, Latin America, and the Middle East and Africa. However, due to rising demand for decontaminated water, increased pharmaceutical production, and government initiatives to promote hydrogen fuel in the region, Asia-Pacific will be the fastest-growing regional market.
Competitive Landscape:
BASF SE, Covestro AG, Huntsman Corporation, INOAC Corporation, Recticel NV, Rogers Corporation, Sekisui Chemical Co. Ltd., The DOW Chemical Company, The Woodbridge Group, Ube Industries, Ltd
Industrial Development:
Rogers Corporation announced the launch of a product in June 2021 to meet the demand for high-performance materials that enable the design of thinner and lighter electronic devices. PORON AquaPro 37TS9 provides dependable water sealing in an ultra-thin self-adhesive form.
Covestro AG collaborated with Recticel NV/SA in January 2020 to develop mattresses from end-of-life mattresses. This collaboration aims to create a circular economy in the polyurethane foam market, which will aid both companies in reducing the use of raw materials in the production of polyurethane foams.
Market taxonomy
By Type
- Polyurethane (PU) Foam
- Polyethylene (PE) Foam
- Polypropylene (PP) Foam
- Others
By Application
- Furniture & Bedding
- Transportation
- Packaging
- Others
By region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Global Flexible Polyurethane Foam Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Flexible Polyurethane Foam Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Flexible Polyurethane Foam Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Flexible Polyurethane Foam Market Share Analysis, By Type
5.3 Global Flexible Polyurethane Foam Market Size and Forecast, By Type
5.3.1 Polyurethane (PU) Foam
5.3.2 Polyethylene (PE) Foam
5.3.3 Polypropylene (PP) Foam
5.3.4 Others
6 Global Flexible Polyurethane Foam Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Flexible Polyurethane Foam Market Share Analysis, By Application
6.3 Global Flexible Polyurethane Foam Market Size and Forecast, By Application
6.3.1 Furniture & Bedding
6.3.2 Transportation
6.3.3 Packaging
6.3.4 Others
7 Global Flexible Polyurethane Foam Market, By Region
7.1 Global Flexible Polyurethane Foam Market Share Analysis, By Region
7.2 Global Flexible Polyurethane Foam Market Share Analysis, By Region
7.3 Global Flexible Polyurethane Foam Market Size and Forecast, By Region
8 North America Global Flexible Polyurethane Foam Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Global Flexible Polyurethane Foam Market Share Analysis, By Type
8.3 North America Global Flexible Polyurethane Foam Market Size and Forecast, By Application
8.5 North America Global Flexible Polyurethane Foam Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9 Europe Global Flexible Polyurethane Foam Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Global Flexible Polyurethane Foam Market Share Analysis, By Type
9.3 Europe Global Flexible Polyurethane Foam Market Size and Forecast, By Application
9.5 Europe Global Flexible Polyurethane Foam Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.54. Rest of Europe
10 Asia Pacific Global Flexible Polyurethane Foam Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Global Flexible Polyurethane Foam Market Share Analysis, By Type
10.3 Asia Pacific Global Flexible Polyurethane Foam Market Size and Forecast, By Application
10.5 Asia Pacific Global Flexible Polyurethane Foam Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11 Latin America Global Flexible Polyurethane Foam Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Global Flexible Polyurethane Foam Market Share Analysis, By Type
11.3 Latin America Global Flexible Polyurethane Foam Market Size and Forecast, By Application
11.5 Latin America Global Flexible Polyurethane Foam Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12 Middle East Global Flexible Polyurethane Foam Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Global Flexible Polyurethane Foam Market Share Analysis, By Type
12.3 Middle East Global Flexible Polyurethane Foam Market Size and Forecast, By Application
12.5 Middle East Global Flexible Polyurethane Foam Market Size and Forecast, By Country
12.65.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
15.5.4. Kuwait
12.5.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 BASF SE
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Covestro AG
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Huntsman Corporation
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 INOAC Corporation
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Recticel NV
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Rogers Corporation
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Sekisui Chemical Co. Ltd.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 The DOW Chemical Company
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 The Woodbridge Group
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Ube Industries, Ltd
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies