The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing demand for flexible foam from various industries is expected to drive innovation in flexible foam manufacturing, propelling the market during the forecast period.

The global flexible foam market is expected to grow from $47.75 billion in 2022 to $51.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The flexible foam market is expected to grow to $65.10 billion in 2027 at a CAGR of 6.2%.

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Global Flexible Foam Market Segments Include:

• By Type: Polyurethane (PU) Foam, Polyethylene (PE) Foam, Polypropylene (PP) Foam, Ethylene-Vinyl Acetate (EVA), Other Types
• By Density: High-Density, Medium-Density, Low-Density
• By Application: Furniture And Upholstery, Automotive, Packaging, Building And Construction, Consumer Goods, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global flexible foam market in 2021.

Major Market Players in the flexible foam market include BASF SE, The Dow Chemical Company, HuntsmanCorporation, Ube Industries, Ltd., Recticel Flexible Foams, Zotefoams Plc, The Woodbridge Group, Sekisui Alveo AG.

The innovative product is a popular trend in the flexible foam market. Major players in the flexible foam market are focusing on developing innovative solutions to strengthen their market position. For example, Covestro AG, a German company specialising in the production of polyurethane and polycarbonate-based raw materials, developed an innovative process to chemically recycle polyurethane (PU) flexible foam from used mattresses in March 2021. It expands on its participation in the Recticel-led PUReSmart project. On average, each mattress contains 15 to 20 kg of foam. Because of its ability to recover both primary PU components, the Covestro approach differs from existing chemical recycling processes. Isocyanate, the main byproduct of the other component produced during recycling, can now be produced alongside polyol.

The Flexible Foam Global Market Report 2023  provides a flexible foam market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The flexible foam market forecast analyzes flexible foam market size, flexible foam market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Flexible foam is a polymer or plastic that has been processed from petroleum hydrocarbons and other organic compounds linked by urethane linkages. It is a polymer formed by the chemical reaction of polyols and isocyanates. It has a cellular structure that allows for some compression and resilience in order to provide cushioning.

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