Flexible foam Market

Market Leader - Flexible foam Market

The market size of flexible foam is estimated at USD 42.7 billion in 2023 and is projected to reach USD 56.9 billion by 2028, at a CAGR of 5.9%. Increased use of flexible foam in automotive and growth in automobile production are driving its demand in this end-use application. Flexible foams are used as cushioning material in different end-use products such as beds, mattresses, chairs, garden furniture pillows, carpet cushions, and automobile parts (seats, armrests, and headrests), among others.

The key players in this market are BASF SE (Germany), Covestro AG (Germany), Dow Inc. (US), Huntsman International LLC (US), JSP Corporation (Japan), Rogers Foam Corporation (US), UBE Corporation (Japan), Recticel Group (Belgium), Zotefoams Plc (UK) and Woodbridge (Canada) and others. The flexible foam market is witnessed growth in the past few years; new technologies drive the growth of this market. Market players are introducing new technologies and features to acquire larger market shares.

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Dow is one of the leading players in the chemical industry. It has a global presence with several manufacturing sites and sales offices. The company has a limited presence in the emerging markets of the Asia Pacific region. Hence, it could adopt some organic and inorganic growth strategies such as new product launches, technology innovations, and expansion along with acquisition or merger with existing players in the region. This could help the company increase its market presence in this untapped region.

BASF SE is a leading player in the polyurethane foam market with a lot of brands under its name. The company has a strong presence in Asia Pacific, North America, Europe, and the Middle East & Africa. The company aims to be the world’s leading chemical company and to work for a sustainable future. BASF SE supplies products and services to around 90,000 customers in various sectors in almost every country in the world. The company’s portfolio ranges from major global customers and small and medium-sized enterprises to end-consumers. The company operates its business through direct market participation and technical support. It is investing heavily in regions with the potential for long-term growth, such as Asia, the Middle East, North Africa, and South America.

Related Reports:

Flexible foam Market by Type (Polyurethane (PU), Polyethylene (PE), Polpropylene (PP)), Application (Furniture & Bedding, Transportation, Packaging), & Region (North America, Europe, APAC, Middle East & Africa, Latin America) - Global Forecast to 2028

Mr. Aashish Mehra
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Flexible foam Market Size,  Share & Growth Report
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CH 4893
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