The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Consumer Foam Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Consumer Foam Market:
https://www.thebusinessresearchcompany.com/report/consumer-foam-global-market-report
According to The Business Research Company’s Consumer Foam Global Market Report 2024, The consumer foam market size has grown strongly in recent years. It will grow from $38.94 billion in 2023 to $41.75 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to foam material science advancements, acoustic insulation requirement, flexible foam packaging evolution, sports and leisure industry demand, consumer preference for comfort products..
The consumer foam market size is expected to see strong growth in the next few years. It will grow to $54.77 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to growing demand in furniture and bedding, expanding automotive sector, rise in construction industry, healthcare and medical applications, e-commerce impact.. Major trends in the forecast period include regulatory compliance and standards, material science advancements, collaborations.
The increasing demand for foam in the bedding and furniture industries is expected to propel the consumer foam market going forward. Bedding refers to a piece of furniture used for sleeping. The “furniture industry” refers to businesses that manufacture and sell furniture. The foam mattresses are becoming popular because of their comfort factor. In recent years, the market has introduced various products that enable consumers to reshape or interchange the foam layers based on their preferred comfort level. Foam is used in cushions and mattresses to provide durable and comfortable shapes to customers. For instance, in August 2022, according to Digital Commerce 360, a media reporting and analysis company, online mattress sales grow 20.5% from 2021. Therefore, the increase in the need for foam in the bedding and furniture industries will drive the growth of the consumer foam market.
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The consumer foam market covered in this report is segmented –
1) By Type: Flexible Foam, Rigid Foam
2) By Resin Type: Polystyrene, Polyurethane, Phenolic, Polyolefins, Other Resin Types
3) By End-use: Bedding and Furniture, Automotive, Consumer Electronics and Appliances, Footwear, Sports and Recreational Products, Others (Beauty and Personal care, Apparel, and Household cleaning)
Top Major Players:
Covestro AG
ACH Foam Technologies LLC
Arkema Inc
BASF SE
Borealis AG
Asia-Pacific was the largest region in the consumer foam market share in 2023.
The growing use of bio-based polyols is a key trend in the consumer foam market. Bio-based polyols refer to polyols manufactured from renewable and sustainable resources. Major companies are manufacturing consumer products using foams made of bio-based polyols to increase sustainability and reduce carbon emissions. For instance, in November 2021, Stora Enso, a Finland-based pulp and paper industry company, launched bio-based packaging foam made from wood. The materials are completely recyclable and can be used for protective and thermal packaging. These lightweight wood foams meet the demand for cushioning materials that are environmentally friendly, renewable, and circular in inner packaging.
The consumer foam market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
….
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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