Overview and Scope
The consumer foam refers to a substance containing many tiny air bubbles that become frothy or thick. These foam cushions are used in various consumer and commercial products, including bedding, furniture, and automotive interiors. It provides superior protection and safeguarding for fragile items throughout distribution chains.
Sizing and Forecast
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.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/consumer-foam-global-market-report
Segmentation & Regional Insights
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)
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.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8267&type=smp
Major Driver Impacting Market Growth
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
Key Industry Players
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.
The consumer foam market report table of contents includes:
1. Executive Summary
2. Consumer Foam Market Characteristics
3. Consumer Foam Market Trends And Strategies
4. Consumer Foam Market – Macro Economic Scenario
5. Global Consumer Foam Market Size and Growth
.
.
.
26. South America Consumer Foam Market
27. Brazil Consumer Foam Market
28. Middle East Consumer Foam Market
29. Africa Consumer Foam Market
30. Consumer Foam Market Competitive Landscape And Company Profiles
Top Major Players:
- Covestro AG
- ACH Foam Technologies LLC
- Arkema Inc
- BASF SE
- Borealis AG
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
