Global 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)

In terms of value, The market size of flexible foam is estimated at USD 42.7 billion in 2023 and is projected to reach USD 56.8 billion by 2028, at a CAGR of 5.9%. Flexible foams consist of different types of foam used for cushioning purposes. They are a type of polymeric foam produced using a combination of TDI, polyols, additives, and blowing agents. Flexible foam is used to render comfort, and support which makes it suitable for automotive applications (armrests, headrests, bumpers, side impact pads, energy-absorbing bumper inserts, side seat inserts, under floor inserts, panel stiffeners, and others). The lightweight property of flexible foam helps reduce the overall weight of a vehicle, which provides better fuel efficiency. Hence, automotive manufacturers are focusing on increasing the usage of flexible foam in vehicles. Increasing demand for non-hazardous, green, and sustainable foam drives the demand for eco-friendly foams manufactured using bio-based raw materials.

Polyethylene (PE) is expected to be the second largest type of the flexible foam market, in terms of value, during the forecast period

Properties of flexible polyethylene foam are durable, lightweight, resilient, non abrasive, flexible, odorless, and cost effective, and a closed-cell structure. The closed cell structure of this foam provides cushioning properties which makes it helpful in packaging and automotive applications. PE foam is largely used for packaging. It is used for the packaging of fragile goods in the medical, electronics, military, and automotive industries. It is preferred due to its excellent vibration dampening and insulation properties, and high resistance to chemicals and moisture. This foam is also available in fire retardant grades which is used in the packaging of sensitive types of machinery.

Transportation accounted for the second largest share of the flexible foam market, in terms of value, in 2022

Transportation is the second largest application of the flexible foam market. It includes automobile, aerospace, and railway applications. The automotive industry is one of the fastest-growing industries, in terms of value and volume. The growing economy and increasing expenditure on commercial and luxury vehicles in emerging economies such as China, India, and Brazil are expected to increase the demand for flexible foam in transportation applications during the forecast period. The use of flexible foam has resulted in significant improvements in weight, safety, durability, and comfort of the transportation industry. Flexible foam plays an important role in the automotive application.

South America is projected to be the second fastest growing region, in terms of value, during the forecast period in the Flexible foam market

As South America makes progress in solving its economic and social problems, companies seeking growth and profit in the region are expected to refocus on the vast and growing lower-class and lower-to-middle-class consumers. Major companies such as Honda (Japan) and General Motors (US) from developed countries are investing in South America where a large workforce is available. Low exchange rates and lenient business environment and health & safety laws are also presenting opportunities for major market players in the region.

By Company Type: Tier 1 - 69%, Tier 2 - 23%, and Tier 3 - 8%
By Designation: C-Level - 23%, Director Level - 37%, and Others - 40%
By Region: North America - 32%, Europe - 21%, Asia Pacific - 28%, South America - 7%, Middle East & Africa - 12%

The key players profiled in the report include 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.

Research Coverage

This report segments the market for flexible foam based on type, application and region and provides estimations of value (USD million) and volume (Kiloton) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, key strategies, associated with the market for flexible foam.

Reasons to Buy This Report

This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the flexible foam market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on flexible foam offered by top players in the global market
Analysis of key drivers: (Versatility and unique physical properties, growing end-use applications), restraints (exposure risk and environmental impact due to restricted raw materials), opportunities (Development of bio-based and carbon dioxide-based polyols, high Growth Potential for flexible foam in emerging economies), and challenges (Volatility in raw material prices).
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the flexible foam market
Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for flexible foam across regions
Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global flexible foam market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the flexible foam market

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.2.2 Market Definition and Inclusions, by Type
1.2.3 Market Definition and Inclusions, by Application
1.3 Market Scope
1.3.1 Regions Covered
1.3.2 Years Considered
1.4 Currency
1.5 Units Considered
1.6 Stakeholders
1.7 Summary of Changes
1.7.1 Impact of Recession

2 Research Methodology

2.1 Research Data
Figure 1 Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Interviews with Experts-Demand and Supply Sides
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Interviews with Experts
2.2 Market Size Estimation
2.2.1 Bottom Up Approach
Figure 2 Market Size Estimation Methodology: Approach 1 (Supply Side)-Collective Share of Major Players
Figure 3 Market Size Estimation Methodology: Approach 2 Bottom Up (Supply Side) - Collective Revenue of All Products
Figure 4 Market Size Estimation Methodology: Approach 3 - Bottom Up (Demand Side): Products Sold
2.2.2 Top Down Approach
Figure 5 Market Size Estimation Methodology: Approach 4 - Top Down
2.3 Data Triangulation
Figure 6 Data Triangulation
2.4 Growth Rate Assumptions/Growth Forecast
2.4.1 Supply Side
Figure 7 Market Growth Projections from Supply Side
2.4.2 Demand Side
Figure 8 Market Growth Projections from Demand-Side Drivers and Opportunities
2.5 Impact of Recession
2.6 Factor Analysis
2.7 Assumptions
2.8 Limitations
2.9 Risk Assessment

3 Executive Summary

Figure 9 Polyurethane (PU) Segment Accounted for Largest Market Share in 2022
Figure 10 Furniture & Bedding Segment to be Largest Application of Flexible Foam Market During Forecast Period
Figure 11 Asia-Pacific Accounted for Largest Market Share in 2022

4 Premium Insights

4.1 Attractive Opportunities in Flexible Foam Market
Figure 12 Increasing Demand for Versatile Flexible Foam in Furniture and Automotive Industries to Drive Market
4.2 Flexible Foam Market, by Region
Figure 13 Asia-Pacific to Register Highest CAGR During Forecast Period
4.3 Asia-Pacific Flexible Foam Market, by Type and Country, 2022
Figure 14 Polyurethane (PU) Segment Accounted for Largest Market Share
4.4 Flexible Foam Market, by Application vs. Region
4.5 Flexible Foam Market, by Major Countries
Figure 15 India to Register Highest CAGR During Forecast Period

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
Figure 16 Drivers, Restraints, Opportunities, and Challenges in Flexible Foam Market
5.2.1 Drivers
5.2.1.1 Versatility and Unique Physical Properties
5.2.1.2 Growing End-use Applications
Table 1 Mega Projects in India That Drive Flexible Foam Market
5.2.2 Restraints
5.2.2.1 Risk of Exposure and Environmental Impact due to Use of Restricted Raw Materials
5.2.3 Opportunities
5.2.3.1 Development of Bio-based and Carbon Dioxide-based Polyols
5.2.3.2 High Growth Potential for Flexible Foam in Emerging Economies
5.2.4 Challenges
5.2.4.1 Volatility in Raw Material Prices
5.3 Porter's Five Forces Analysis
Figure 17 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
Table 2 Porter's Five Forces Analysis
5.4 Macroeconomic Indicators
5.4.1 GDP Trends and Forecasts of Major Economies
Table 3 GDP Trends and Forecast, by Major Economies, 2020-2028 (USD Billion)

6 Industry Trends

6.1 Supply Chain Analysis
Figure 18 Supply Chain Analysis
6.1.1 Raw Materials
6.1.2 Manufacturing
6.1.3 Distribution Network
6.1.4 End-use Industries
6.2 Key Stakeholders and Buying Criteria
6.2.1 Key Stakeholders in Buying Process
Figure 19 Influence of Stakeholders on Buying Process for Top 3 Applications
Table 4 Influence of Stakeholders on Buying Process for Top 3 Applications (%)
6.2.2 Buying Criteria
Figure 20 Key Buying Criteria for Top 3 Applications
Table 5 Key Buying Criteria for Top 3 Applications
6.3 Pricing Analysis
6.3.1 Average Selling Price Trend of Key Players, by Application
Figure 21 Average Selling Price Trend of Key Players, by Application
Table 6 Average Selling Price Trend of Key Players, by Application (USD/KG)
6.3.2 Average Selling Price Trend, by Region
Figure 22 Average Selling Price Trend of Flexible Foam, by Region (USD/KG)
Table 7 Average Selling Price Trend of Flexible Foam, by Region (USD/KG)
6.4 Trends/Disruptions Impacting Customer's Business
6.4.1 Revenue Shifts and New Revenue Pockets for Flexible Foam Market
Figure 23 Revenue Shift for Flexible Foam Market
6.5 Ecosystem/Market Map
Figure 24 Flexible Foam Market Ecosystem/Market Map
Table 8 Role in Ecosystem
6.6 Technology Analysis
6.6.1 Slabstock Production or Molded Process
Table 9 Benefits of Slabstock Production or Molded Process
6.7 Case Studies
6.7.1 Sustainable PU Insulation by Covestro AG and Recticel
6.7.2 Use of Baysafe Polyurethane Foam in Designing Crashbox by Covestro AG
6.7.3 Soft, Springy Pispring Mattress Topper with Desmodur White by Covestro AG
6.8 Trade Data Statistics
6.8.1 Import Scenario of Flexible Foam
Figure 25 Import of Flexible Foam, by Key Country (2017-2022)
Table 10 Import of Flexible Foam, by Region, 2017-2022 (USD Million)
6.8.2 Export Scenario of Flexible Foam
Figure 26 Export of Flexible Foam, by Key Country (2017-2022)
Table 11 Export of Flexible Foam, by Region, 2017-2022 (USD Million)
6.9 Tariff and Regulatory Landscape
6.9.1 Regulations for Flexible Foam Market
Table 12 North America: Regulations for Flexible Foam
Table 13 Europe: Regulations for Flexible Foam
Table 14 Asia-Pacific: Regulations for Flexible Foam
6.9.2 Regulatory Bodies, Government Agencies, and Other Organizations
6.10 Key Conferences and Events in 2023-2024
Table 15 Key Conferences & Events, 2023-2024
6.11 Patent Analysis
6.11.1 Approach
6.11.2 Document Type
Table 16 Patent Status: Patent Applications, Limited Patents, and Granted Patents
Figure 27 Flexible Foam Patents Registered, 2013-2023
Figure 28 List of Major Patents for Flexible Foam
6.11.3 Top Applicants
Table 17 List of Major Patents of Flexible Foam
Table 18 Patents by Proctor & Gamble Company
Table 19 Patents by BASF SE
Table 20 Patents by 3M Company
Table 21 Top 10 Patent Owners in US, 2013-2023
Figure 29 Legal Status of Patents Filed in Flexible Foam Market
6.11.4 Jurisdiction Analysis
Figure 30 Maximum Patents Filed in Jurisdiction of US

7 Flexible Foam Market, by Application

7.1 Introduction
Figure 31 Furniture & Bedding Segment to Dominate Market During Forecast Period
Table 22 Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 23 Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 24 Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 25 Flexible Foam Market, by Application, 2022-2028 (Kiloton)
7.2 Furniture & Bedding
7.2.1 Rising Demand for Slabstock Foam in Mattresses and Sofa Sets to Drive Market
Table 26 Furniture & Bedding: Flexible Foam Market, by Region, 2017-2021 (USD Million)
Table 27 Furniture & Bedding: Flexible Foam Market, by Region, 2022-2028 (USD Million)
Table 28 Furniture & Bedding: Flexible Foam Market, by Region, 2017-2021 (Kiloton)
Table 29 Furniture & Bedding: Flexible Foam Market, by Region, 2022-2028 (Kiloton)
7.3 Transportation
7.3.1 Increasing Expenditure on Commercial and Luxury Vehicles to Fuel Market
Table 30 Transportation: Flexible Foam Market, by Region, 2017-2021 (USD Million)
Table 31 Transportation: Flexible Foam Market, by Region, 2022-2028 (USD Million)
Table 32 Transportation: Flexible Foam Market, by Region, 2017-2021 (Kiloton)
Table 33 Transportation: Flexible Foam Market, by Region, 2022-2028 (Kiloton)
7.4 Packaging
7.4.1 Wide Use in Packaging Electronics and Semiconductor Devices to Drive Market
Table 34 Packaging: Flexible Foam Market, by Region, 2017-2021 (USD Million)
Table 35 Packaging: Flexible Foam Market, by Region, 2022-2028 (USD Million)
Table 36 Packaging: Flexible Foam Market, by Region, 2017-2021 (Kiloton)
Table 37 Packaging: Flexible Foam Market, by Region, 2022-2028 (Kiloton)
7.5 Other Applications
Table 38 Other Applications: Flexible Foam Market, by Region, 2017-2021 (USD Million)
Table 39 Other Applications: Flexible Foam Market, by Region, 2022-2028 (USD Million)
Table 40 Other Applications: Flexible Foam Market, by Region, 2017-2021 (Kiloton)
Table 41 Other Applications: Flexible Foam Market, by Region, 2022-2028 (Kiloton)

8 Flexible Foam Market, by Type

8.1 Introduction
Figure 32 Polyurethane Type to be Largest Segment of Flexible Foam Market During Forecast Period
Table 42 Flexible Foam Market, by Type, 2017-2021 (USD Million)
Table 43 Flexible Foam Market, by Type, 2022-2028 (USD Million)
Table 44 Flexible Foam Market, by Type, 2017-2021 (Kiloton)
Table 45 Flexible Foam Market, by Type, 2022-2028 (Kiloton)
8.2 Polyurethane (PU) Foam
8.2.1 Flexibility, Structure, and Non-Reactivity to Drive Market
Table 46 PU: Flexible Foam Market, by Region, 2017-2021 (USD Million)
Table 47 PU: Flexible Foam Market, by Region, 2022-2028 (USD Million)
Table 48 PU: Flexible Foam Market, by Region, 2017-2021 (Kiloton)
Table 49 PU: Flexible Foam Market, by Region, 2022-2028 (Kiloton)
8.3 Polyethylene Foam
8.3.1 Excellent Vibration Damping and Insulation Properties to Drive Market
Table 50 PE: Flexible Foam Market, by Region, 2017-2021 (USD Million)
Table 51 PE: Flexible Foam Market, by Region, 2022-2028 (USD Million)
Table 52 PE: Flexible Foam Market, by Region, 2017-2021 (Kiloton)
Table 53 PE: Flexible Foam Market, by Region, 2022-2028 (Kiloton)
8.4 Polypropylene Foam
8.4.1 Increasing Per Capita Income and Demand for Automobiles to Drive Market
Table 54 Pp: Flexible Foam Market, by Region, 2017-2021 (USD Million)
Table 55 Pp: Flexible Foam Market, by Region, 2022-2028 (USD Million)
Table 56 Pp: Flexible Foam Market, by Region, 2017-2021 (Kiloton)
Table 57 Pp: Flexible Foam Market, by Region, 2022-2028 (Kiloton)
8.5 Other Types
Table 58 Other Types: Flexible Foam Market, by Region, 2017-2021 (USD Million)
Table 59 Other Types: Flexible Foam Market, by Region, 2022-2028 (USD Million)
Table 60 Other Types: Flexible Foam Market, by Region, 2017-2021 (Kiloton)
Table 61 Other Types: Flexible Foam Market, by Region, 2022-2028 (Kiloton)

9 Flexible Foam Market, by Region

9.1 Introduction
Figure 33 Asia-Pacific to be Fastest-Growing Flexible Foam Market During Forecast Period
Table 62 Flexible Foam Market, by Region, 2017-2021 (USD Million)
Table 63 Flexible Foam Market, by Region, 2022-2028 (USD Million)
Table 64 Flexible Foam Market, by Region, 2017-2021 (Kiloton)
Table 65 Flexible Foam Market, by Region, 2022-2028 (Kiloton)
9.2 Europe
Figure 34 Europe: Flexible Foam Market Snapshot
9.2.1 Impact of Recession on Europe
9.2.2 Europe Flexible Foam Market, by Type
Table 66 Europe: Flexible Foam Market, by Type, 2017-2021 (USD Million)
Table 67 Europe: Flexible Foam Market, by Type, 2022-2028 (USD Million)
Table 68 Europe: Flexible Foam Market, by Type, 2017-2021 (Kiloton)
Table 69 Europe: Flexible Foam Market, by Type, 2022-2028 (Kiloton)
9.2.3 Europe Flexible Foam Market, by Application
Table 70 Europe: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 71 Europe: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 72 Europe: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 73 Europe: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.2.4 Europe Flexible Foam Market, by Country
Table 74 Europe: Flexible Foam Market, by Country, 2017-2021 (USD Million)
Table 75 Europe: Flexible Foam Market, by Country, 2022-2028 (USD Million)
Table 76 Europe: Flexible Foam Market, by Country, 2017-2021 (Kiloton)
Table 77 Europe: Flexible Foam Market, by Country, 2022-2028 (Kiloton)
9.2.4.1 Germany
9.2.4.1.1 Large Automotive Manufacturing Base to Drive Market
Table 78 Germany: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 79 Germany: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 80 Germany: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 81 Germany: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.2.4.2 Italy
9.2.4.2.1 Investments in Packaging Industry to Drive Market
Table 82 Italy: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 83 Italy: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 84 Italy: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 85 Italy: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.2.4.3 France
9.2.4.3.1 Growing Packaging and Automotive Sectors to Drive Market
Table 86 France: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 87 France: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 88 France: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 89 France: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.2.4.4 Spain
9.2.4.4.1 Presence of Major Automobile Manufacturers to Drive Market
Table 90 Spain: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 91 Spain: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 92 Spain: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 93 Spain: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.2.4.5 UK
9.2.4.5.1 Rising Investments in Sustainable Packaging to Boost Market
Table 94 UK: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 95 UK: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 96 UK: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 97 UK: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.2.4.6 Russia
9.2.4.6.1 Developing Automotive Sector to Drive Market
Table 98 Russia: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 99 Russia: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 100 Russia: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 101 Russia: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.2.4.7 Turkey
9.2.4.7.1 Government Policies Attracting Automotive Spares and Accessories Manufacturers to Boost Market
Table 102 Turkey: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 103 Turkey: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 104 Turkey: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 105 Turkey: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.2.4.8 Poland
9.2.4.8.1 Established Furniture Sector to Drive Market
Table 106 Poland: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 107 Poland: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 108 Poland: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 109 Poland: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.3 North America
Figure 35 North America: Flexible Foam Market Snapshot
9.3.1 Impact of Recession on North America
9.3.2 North America Flexible Foam Market, by Type
Table 110 North America: Flexible Foam Market, by Type, 2017-2021 (USD Million)
Table 111 North America: Flexible Foam Market, by Type, 2022-2028 (USD Million)
Table 112 North America: Flexible Foam Market, by Type, 2017-2021 (Kiloton)
Table 113 North America: Flexible Foam Market, by Type, 2022-2028 (Kiloton)
9.3.3 North America Flexible Foam Market, by Application
Table 114 North America: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 115 North America: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 116 North America: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 117 North America: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.3.4 North America Flexible Foam Market, by Country
Table 118 North America: Flexible Foam Market, by Country, 2017-2021 (USD Million)
Table 119 North America: Flexible Foam Market, by Country, 2022-2028 (USD Million)
Table 120 North America: Flexible Foam Market, by Country, 2017-2021 (Kiloton)
Table 121 North America: Flexible Foam Market, by Country, 2022-2028 (Kiloton)
9.3.4.1 US
9.3.4.1.1 Large Automotive Industry to Drive Market
Table 122 US: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 123 US: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 124 US: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 125 US: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.3.4.2 Canada
9.3.4.2.1 Investment in Research & Development to Fuel Market
Table 126 Canada: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 127 Canada: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 128 Canada: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 129 Canada: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.3.4.3 Mexico
9.3.4.3.1 Growing Automotive Sector to Fuel Market
Table 130 Mexico: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 131 Mexico: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 132 Mexico: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 133 Mexico: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.4 Asia-Pacific
Figure 36 Asia-Pacific: Flexible Foam Market Snapshot
9.4.1 Impact of Recession on Asia-Pacific
9.4.2 Asia-Pacific Flexible Foam Market, by Type
Table 134 Asia-Pacific: Flexible Foam Market, by Type, 2017-2021 (USD Million)
Table 135 Asia-Pacific: Flexible Foam Market, by Type, 2022-2028 (USD Million)
Table 136 Asia-Pacific: Flexible Foam Market, by Type, 2017-2021 (Kiloton)
Table 137 Asia-Pacific: Flexible Foam Market, by Type, 2022-2028 (Kiloton)
9.4.3 Asia-Pacific Flexible Foam Market, by Application
Table 138 Asia-Pacific: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 139 Asia-Pacific: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 140 Asia-Pacific: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 141 Asia-Pacific: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.4.4 Asia-Pacific Flexible Foam Market, by Country
Table 142 Asia-Pacific: Flexible Foam Market, by Country, 2017-2021 (USD Million)
Table 143 Asia-Pacific: Flexible Foam Market, by Country, 2022-2028 (USD Million)
Table 144 Asia-Pacific: Flexible Foam Market, by Country, 2017-2021 (Kiloton)
Table 145 Asia-Pacific: Flexible Foam Market, by Country, 2022-2028 (Kiloton)
9.4.4.1 China
9.4.4.1.1 Expanding Manufacturing Facilities to Drive Market
Table 146 China: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 147 China: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 148 China: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 149 China: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.4.4.2 Japan
9.4.4.2.1 Furniture & Bedding Industry to Drive Market
Table 150 Japan: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 151 Japan: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 152 Japan: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 153 Japan: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.4.4.3 Malaysia
9.4.4.3.1 Favorable Investment Policies in Transport Industry to Fuel Market
Table 154 Malaysia: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 155 Malaysia: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 156 Malaysia: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 157 Malaysia: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.4.4.4 India
9.4.4.4.1 Improving Socio-Economic Conditions and Industrialization to Promote Market Growth
Table 158 India: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 159 India: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 160 India: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 161 India: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.4.4.5 South Korea
9.4.4.5.1 Ongoing Industrialization to Drive Market
Table 162 South Korea: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 163 South Korea: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 164 South Korea: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 165 South Korea: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.4.4.6 Thailand
9.4.4.6.1 Growing Furniture Industry to Drive Market
Table 166 Thailand: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 167 Thailand: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 168 Thailand: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 169 Thailand: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.4.4.7 Indonesia
9.4.4.7.1 Surging Demand for Flexible Foams in Auto Parts to Contribute to Market Growth
Table 170 Indonesia: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 171 Indonesia: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 172 Indonesia: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 173 Indonesia: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.5 South America
9.5.1 Impact of Recession on South America
9.5.2 South America Flexible Foam Market, by Type
Table 174 South America: Flexible Foam Market, by Type, 2017-2021 (USD Million)
Table 175 South America: Flexible Foam Market, by Type, 2022-2028 (USD Million)
Table 176 South America: Flexible Foam Market, by Type, 2017-2021 (Kiloton)
Table 177 South America: Flexible Foam Market, by Type, 2022-2028 (Kiloton)
9.5.3 South America Flexible Foam Market, by Application
Table 178 South America: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 179 South America: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 180 South America: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 181 South America: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.5.4 South America Flexible Foam Market, by Country
Table 182 South America: Flexible Foam Market, by Country, 2017-2021 (USD Million)
Table 183 South America: Flexible Foam Market, by Country, 2022-2028 (USD Million)
Table 184 South America: Flexible Foam Market, by Country, 2017-2021 (Kiloton)
Table 185 South America: Flexible Foam Market, by Country, 2022-2028 (Kiloton)
9.5.4.1 Brazil
9.5.4.1.1 Rising Investments in Automotive Sector to Boost Market
Table 186 Brazil: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 187 Brazil: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 188 Brazil: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 189 Brazil: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.5.4.2 Argentina
9.5.4.2.1 Economic Volatility to Impact Overall Market Growth
Table 190 Argentina: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 191 Argentina: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 192 Argentina: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 193 Argentina: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.5.4.3 Colombia
9.5.4.3.1 Policies to Improve Transportation Sector to Fuel Market Growth
Table 194 Colombia: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 195 Colombia: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 196 Colombia: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 197 Colombia: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.6 Middle East & Africa
9.6.1 Impact of Recession on Middle East & Africa
9.6.2 Middle East & Africa Flexible Foam Market, by Type
Table 198 Middle East & Africa: Flexible Foam Market, by Type, 2017-2021 (USD Million)
Table 199 Middle East & Africa: Flexible Foam Market, by Type, 2022-2028 (USD Million)
Table 200 Middle East & Africa: Flexible Foam Market, by Type, 2017-2021 (Kiloton)
Table 201 Middle East & Africa: Flexible Foam Market, by Type, 2022-2028 (Kiloton)
9.6.3 Middle East & Africa Flexible Foam Market, by Application
Table 202 Middle East & Africa: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 203 Middle East & Africa: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 204 Middle East & Africa: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 205 Middle East & Africa: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.6.4 Middle East & Africa Flexible Foam Market, by Country
Table 206 Middle East & Africa: Flexible Foam Market, by Country, 2017-2021 (USD Million)
Table 207 Middle East & Africa: Flexible Foam Market, by Country, 2022-2028 (USD Million)
Table 208 Middle East & Africa: Flexible Foam Market, by Country, 2017-2021 (Kiloton)
Table 209 Middle East & Africa: Flexible Foam Market, by Country, 2022-2028 (Kiloton)
9.6.4.1 GCC
9.6.4.1.1 Emerging Manufacturing Hubs for Automotive and Furniture Industries to Drive Market
9.6.4.2 Saudi Arabia
9.6.4.2.1 Rapid Urbanization to Boost Market
Table 210 Saudi Arabia: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 211 Saudi Arabia: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 212 Saudi Arabia: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 213 Saudi Arabia: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.6.4.3 Egypt
9.6.4.3.1 Growing Infrastructure Sector to Drive Market
Table 214 Egypt: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 215 Egypt: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 216 Egypt: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 217 Egypt: Flexible Foam Market, by Application, 2022-2028 (Kiloton)
9.6.4.4 South Africa
9.6.4.4.1 Growing Automotive Manufacturing Industry to Fuel Market
Table 218 South Africa: Flexible Foam Market, by Application, 2017-2021 (USD Million)
Table 219 South Africa: Flexible Foam Market, by Application, 2022-2028 (USD Million)
Table 220 South Africa: Flexible Foam Market, by Application, 2017-2021 (Kiloton)
Table 221 South Africa: Flexible Foam Market, by Application, 2022-2028 (Kiloton)

10 Competitive Landscape

10.1 Introduction
10.2 Key Player Strategies
Table 222 Overview of Strategies Adopted by Key Flexible Foam Manufacturers
10.3 Ranking of Key Market Players, 2022
Figure 37 Ranking of Top 4 Players in Flexible Foam Market, 2022
10.4 Market Share Analysis
Table 223 Flexible Foam Market: Degree of Competition
Figure 38 Dow Inc. Led Flexible Foam Market in 2022
10.4.1 Dow Inc.
10.4.2 BASF SE
10.4.3 Huntsman International LLC
10.4.4 Covestro AG
10.5 Revenue Analysis of Key Players
Figure 39 Revenue Analysis of Key Companies in Last 5 Years
10.6 Company Evaluation Matrix
10.6.1 Stars
10.6.2 Emerging Leaders
10.6.3 Pervasive Players
10.6.4 Participants
Figure 40 Flexible Foam Market: Company Evaluation Matrix, 2022
10.6.5 Company Footprint
Figure 41 Flexible Foam Market: Company Footprint (25 Companies)
Table 224 Flexible Foam Market: Type Footprint (25 Companies)
Table 225 Flexible Foam Market: Application Footprint (25 Companies)
Table 226 Flexible Foam Market: Company Region Footprint (25 Companies)
10.7 Startup/SME Evaluation Matrix
10.7.1 Progressive Companies
10.7.2 Responsive Companies
10.7.3 Dynamic Companies
10.7.4 Starting Blocks
Figure 42 Flexible Foam Market: Startup/SME Evaluation Matrix, 2022
10.7.5 Competitive Benchmarking
10.7.5.1 Flexible Foam Market: Key Startups/SMEs
10.7.5.2 Flexible Foam Market: Competitive Benchmarking of Key Startups/SMEs
10.8 Competitive Scenario and Trends
10.8.1 Product Launches
Table 227 Flexible Foam Market: Product Launches (2018-2023)
10.8.2 Deals
Table 228 Flexible Foam Market: Deals (2018-2023)
10.8.3 Other Developments
Table 229 Flexible Foam Market: Other Developments (2018-2023)

11 Company Profiles

(Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View)*
11.1 Key Companies
11.1.1 BASF SE
Table 230 BASF SE: Company Overview
Figure 43 BASF SE: Company Snapshot
Table 231 BASF SE: Product Launches
Table 232 BASF SE: Deals
Table 233 BASF SE: Other Developments
11.1.2 Covestro AG
Table 234 Covestro AG: Company Overview
Figure 44 Covestro AG: Company Snapshot
Table 235 Covestro AG: Product Launches
Table 236 Covestro AG: Deals
Table 237 Covestro AG: Other Developments
11.1.3 Dow Inc.
Table 238 Dow Inc.: Company Overview
Figure 45 Dow Inc.: Company Snapshot
Table 239 Dow Inc.: Product Launches
Table 240 Dow Inc.: Deals
Table 241 Dow Inc.: Other Developments
11.1.4 Huntsman International LLC
Table 242 Huntsman International LLC: Company Overview
Figure 46 Huntsman International LLC: Company Snapshot
Table 243 Huntsman International LLC: Product Launches
Table 244 Huntsman International LLC: Deals
11.1.5 Jsp Corporation
Table 245 Jsp Corporation: Company Overview
Figure 47 Jsp Corporation: Company Snapshot
11.1.6 Rogers Foam Corporation
Table 246 Rogers Foam Corporation: Company Overview
Figure 48 Rogers Foam Corporation: Company Snapshot
11.1.7 Ube Corporation
Table 247 Ube Corporation: Company Overview
Figure 49 Ube Corporation: Company Snapshot
11.1.8 Recticel Group
Table 248 Recticel Group: Company Overview
Figure 50 Recticel Group: Company Snapshot
Table 249 Recticel Group: Deals
11.1.9 Zotefoams PLC
Table 250 Zotefoams PLC: Company Overview
Figure 51 Zotefoams PLC: Company Snapshot
Table 251 Zotefoams PLC: Product Launches
11.1.10 Woodbridge
Table 252 Woodbridge: Company Overview
Table 253 Woodbridge: Deals
Table 254 Woodbridge: Other Developments
11.2 Other Players
11.2.1 Sekisui Chemical Co. Ltd.
Table 255 Sekisui Chemical Co. Ltd.: Company Overview
11.2.2 Inoac Corporation
Table 256 Inoac Corporation: Company Overview
11.2.3 Kaneka Corporation
Table 257 Kaneka Corporation: Company Overview
11.2.4 American Excelsior Company
Table 258 American Excelsior Company: Company Overview
11.2.5 Foamcraft, Inc.
Table 259 Foamcraft, Inc.: Company Overview
11.2.6 Armacell
Table 260 Armacell: Company Overview
11.2.7 Future Foam Inc.
Table 261 Future Foam Inc.: Company Overview
11.2.8 Neveon Holding GmbH
Table 262 Neveon Holding GmbH: Company Overview
11.2.9 American Foam Products
Table 263 American Foam Products: Company Overview
11.2.10 Fxi
Table 264 Fxi: Company Overview
11.2.11 Carpenter Co.
Table 265 Carpenter Co.: Company Overview
11.2.12 Interfoam Ltd.
Table 266 Interfoam Ltd.: Company Overview
11.2.13 Huebach Corporation
Table 267 Huebach Corporation: Company Overview
11.2.14 Interplasp
Table 268 Interplasp: Company Overview
11.2.15 Pregis LLC
Table 269 Pregis LLC: Company Overview
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies

12 Adjacent Markets

12.1 Introduction
12.2 Limitations
12.3 Polyurethane Foam Market
12.3.1 Market Definition
12.3.2 Market Overview
12.4 Polyurethane Foam Market, by Region
Table 270 Polyurethane Foam Market, by Region, 2018-2022 (Kiloton)
Table 271 Polyurethane Foam Market, by Region, 2023-2028 (Kiloton)
Table 272 Polyurethane Foam Market, by Region, 2018-2022 (USD Million)
Table 273 Polyurethane Foam Market, by Region, 2023-2028 (USD Million)
12.4.1 Asia-Pacific
Table 274 Asia-Pacific: Polyurethane Foam Market, by Country, 2018-2022 (Kiloton)
Table 275 Asia-Pacific: Polyurethane Foam Market, by Country, 2023-2028 (Kiloton)
Table 276 Asia-Pacific: Polyurethane Foam Market, by Country, 2018-2022 (USD Million)
Table 277 Asia-Pacific: Polyurethane Foam Market, by Country, 2023-2028 (USD Million)
12.4.2 Europe
Table 278 Europe: Polyurethane Foam Market, by Country, 2018-2022 (Kiloton)
Table 279 Europe: Polyurethane Foam Market, by Country, 2023-2028 (Kiloton)
Table 280 Europe: Polyurethane Foam Market, by Country, 2018-2022 (USD Million)
Table 281 Europe: Polyurethane Foam Market, by Country, 2023-2028 (USD Million)
12.4.3 North America
Table 282 North America: Polyurethane Foam Market, by Country, 2018-2022 (Kiloton)
Table 283 North America: Polyurethane Foam Market, by Country, 2023-2028 (Kiloton)
Table 284 North America: Polyurethane Foam Market, by Country, 2018-2022 (USD Million)
Table 285 North America: Polyurethane Foam Market, by Country, 2023-2028 (USD Million)
12.4.4 Middle East
Table 286 Middle East: Polyurethane Foam Market, by Country, 2018-2022 (Kiloton)
Table 287 Middle East: Polyurethane Foam Market, by Country, 2023-2028 (Kiloton)
Table 288 Middle East: Polyurethane Foam Market, by Country, 2018-2022 (USD Million)
Table 289 Middle East: Polyurethane Foam Market, by Country, 2023-2028 (USD Million)
12.4.5 Africa
Table 290 Africa: Polyurethane Foam Market, by Country, 2018-2022 (Kiloton)
Table 291 Africa: Polyurethane Foam Market, by Country, 2023-2028 (Kiloton)
Table 292 Africa: Polyurethane Foam Market, by Country, 2018-2022 (USD Million)
Table 293 Africa: Polyurethane Foam Market, by Country, 2023-2028 (USD Million)
12.4.6 South America
Table 294 South America: Polyurethane Foam Market, by Country, 2018-2022 (Kiloton)
Table 295 South America: Polyurethane Foam Market, by Country, 2023-2028 (Kiloton)
Table 296 South America: Polyurethane Foam Market, by Country, 2018-2022 (USD Million)
Table 297 South America: Polyurethane Foam Market, by Country, 2023-2028 (USD Million)

13 Appendix

13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Companies Mentioned

BASF SE
Covestro AG
Dow Inc.
Huntsman International LLC
Jsp Corporation
Rogers Foam Corporation
Ube Corporation
Recticel Group
Zotefoams PLC
Woodbridge
Sekisui Chemical Co. Ltd.
Inoac Corporation
Kaneka Corporation
American Excelsior Company
Foamcraft, Inc.
Armacell
Future Foam Inc.
Neveon Holding GmbH
American Foam Products
Fxi
Carpenter Co.
Interfoam Ltd.
Huebach Corporation
Interplasp
Pregis LLC

Table Information

Report Attribute	Details
No. of Pages	256
Published	February 2024
Forecast Period	2023 - 2028
Estimated Market Value ( USD ) in 2023	$ 42.7 Billion
Forecasted Market Value ( USD ) by 2028	$ 56.8 Billion
Compound Annual Growth Rate	5.9%
Regions Covered	Global
No. of Companies Mentioned	25

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Global 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) - Forecast to 2028

Polyethylene (PE) is expected to be the second largest type of the flexible foam market, in terms of value, during the forecast period

Transportation accounted for the second largest share of the flexible foam market, in terms of value, in 2022

South America is projected to be the second fastest growing region, in terms of value, during the forecast period in the Flexible foam market

Research Coverage

Reasons to Buy This Report

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Table Information

Polyethylene (PE) is expected to be the second largest type of the flexible foam market, in terms of value, during the forecast period

Transportation accounted for the second largest share of the flexible foam market, in terms of value, in 2022

South America is projected to be the second fastest growing region, in terms of value, during the forecast period in the Flexible foam market

Research Coverage

Reasons to Buy This Report

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Table Information

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About the Flexible Foam Market