The consumer foam global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Consumer Foam Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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Scope Of Consumer Foam Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Consumer Foam Market Overview
Market Drivers –
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.
Market Trends –
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 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)
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Regional Insights –
Asia-Pacific was the largest region in the consumer foam market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the consumer foam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the consumer foam market report are Covestro AG, ACH Foam Technologies LLC, Arkema Inc., BASF SE, Borealis AG, Dow Chemical Company, Hanwha Chemical Corporation, Huntsman Corporation, JSP Corporation, Kaneka Corporation, Loyalty Group Limited, Mitsui Chemicals Inc., Saudi Basic Industries Corporation, Compagnie de Saint-Gobain SA, Sekisui Chemical Co. Ltd., Toray Industries Inc., Trelleborg AB, Woodbridge Foam Corporation, INOAC Corporation, Recticel NV, Rogers Corporation, Foamcraft Inc., Henkel Ag & Co. Kgaa, UFP Technologies Inc., Armacell International S.A., Sealed Air Corporation, Zotefoams plc, American Excelsior Company, All Foam Products Co. Inc., Wisconsin Foam Products Inc., ArtUSA Noise Control Products Inc.
1. Executive Summary
2. Consumer Foam Market Report Structure
3. Consumer Foam Market Trends And Strategies
4. Consumer Foam Market – Macro Economic Scenario
5. Consumer Foam Market Size And Growth
…..
27. Consumer Foam Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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