North America Flexible Foam Market - By Type (Polyurethane, Polyethylene, Polypropylene, Silicone, Ethylene-Vinyl Acetate (EVA), Melamine, Polyvinylidene Fluoride (PVDF)) and End-Use & Forecast, 2022-2028
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
North America Flexible Foam Market - By Type (Polyurethane, Polyethylene, Polypropylene, Silicone, Ethylene-Vinyl Acetate (EVA), Melamine, Polyvinylidene Fluoride (PVDF)) and End-Use & Forecast, 2022-2028
North America Flexible Foam Market - By Type (Polyurethane, Polyethylene, Polypropylene, Silicone, Ethylene-Vinyl Acetate (EVA), Melamine, Polyvinylidene Fluoride (PVDF)) and End-Use & Forecast, 2022-2028
North America Flexible Foam Market Size
North America Flexible Foam Market size was valued at USD 7.60 billion in 2021 and is estimated to exhibit a CAGR of 5.8% from 2022 to 2028 owing to the rapidly growing furniture industry. In terms of volume, the market is projected to record 3.9% CAGR while reaching 3,670.6 Kilo Tons.
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Flexible foam finds extensive uses across various end use industries. In furniture & upholstery, the product is rapidly replacing traditional materials such as rubberized coir and cotton. Also, furniture & upholstery along with the automotive industry has become profitable avenues for industry participants as flexible foam emerged as the cushioning material of choice among both manufacturers & consumers.
Technological advancements that enable the development of flexible foams that are lightweight, durable, and better-insulated will fuel the product adoption in the sector. The product has the ability to integrate aesthetics with functionality in several types of furniture and upholstery such as home & office furniture, chairs, pillows, designer sofas, public seating in stadiums, cinema houses, airports, etc., steering the demand in the industry. In addition, the shifting preferences toward foam mattresses over spring mattresses among consumers will drive the North America flexible foam market share.
| Report Attribute | Details |
|---|---|
| Base Year | 2021 |
| North America Flexible Foam Market Size in 2021 | 7,600.9 Million (USD) |
| Forecast Period | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR | 5.8% |
| 2028 Value Projection | 11,092.9 Million (USD) |
| Historical Data for | 2018 to 2021 |
| No. of Pages | 150 |
| Tables, Charts & Figures | 109 |
| Segments covered | Type, End use |
| Growth Drivers |
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| Pitfalls & Challenges |
|
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Infrastructure development and residential and commercial sector expansion are driving the North America flexible foam market forward. Furthermore, continued technological developments and the expansion of flexible foam manufacturers into the United States, Canada, and Mexico will have a favorable impact on the construction sector. The demand for furniture is likely to increase as residential development activities increase. Flexible foam is widely utilized in the furniture business as a cushioning material for upholstered furniture.
North America Flexible Foam Market Analysis
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Polyurethane flexible foam dominates the overall market and will account for more than 60% revenue share by 2028. Polyurethane is the major type of flexible foam used across end-use industries. The diverse applicability of the product has gained substantial demand from sectors such as automotive, packaging, furniture, and construction. Favorable properties such as resiliency, light weightiness, sound absorption, chemical stability, and flexibility make it an ideal material across these applications. In addition, the growing demand for foams with reduced wastage and elevated recyclability will bolster the North America flexible foam market sales in the near future.
Polyethylene foam has considerable utilization in the packaging industry and will generate a revenue of around USD 1.3 billion by 2028. They are primarily used as protective packaging for sensitive products such as electronic equipment, automotive parts, and luxurious furniture. The product is easy to process and fabricate. It also possesses significantly high load-bearing capacity when compared with other foams, making it the preferred packaging foam across various sectors.
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Based on end-use, the North America flexible foam market from furniture & upholstery will generate a demand of around 1.5 million tons by 2028. In furniture & upholstery, the product is used owing to its cushioning property. Mattresses, pillows, chairs, sofa sets, and carpet underlay are the major products that utilize flexible foam in the furniture & upholstery industry. The low-density, low heat conduction coefficient, resistance to moisture, and lightweight nature of the product, when compared to traditional materials such as cotton and rubberized coir, have augmented its usage in the sector.
Flexible foam has revolutionized the automotive industry owing to its contribution in enhancing safety, durability, weight, and comfort in vehicles. The product is mainly used in seating, vibration dampening, sound, and thermal insulation applications. Superior stress and tensile properties along with resistance to solvents have further bolstered the product utilization in the sector.
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U.S. emerges as the largest & most influential market and will witness around 5.5% CAGR over the forecast timeframe. The presence of a diverse market consisting of end-users and end-use industries will offer a lucrative market for industry participants. The relaxation of investment norms by major economies has resulted in several automotive, furniture, consumer goods, and packaging industries establishing their manufacturing operations in the region. Additionally, the prospering trade activities and supportive trade regulations will augment the North America flexible foam market revenue over the forecast timeline.
North America Flexible Foam Market Share
The North America flexible foam market displays high degree fragmentation with the presence of large multinational players & several regional players. Leading companies operating in the North America flexible foam industry are
- BASF
- Covestro
- DOW Chemical
- Huntsman
- Rogers Corp
- The Woodbridge
- INOAC Corp
- Carpenter
- Kaneka
- American Excelsior Company
The North America flexible foam market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and volume (Kilo Tons) from 2022 to 2028 for the following segments
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By Product
- Polyurethane
- Polyester
- Polyether
- Polyethylene
- Cross linked
- Non-cross linked
- Polypropylene
- Silicone
- Ethylene-vinyl acetate (EVA)
- Melamine
- Polyvinylidene fluoride (PVDF)
By End-use
- Furniture & upholstery
- Packaging
- Construction
- Consumer goods
- Clothing & footwear
- Household & personal care
- Others
- Transportation
- Automotive
- Railway
- Aerospace
The above information is provided on a country basis for the following
By Region
- U.S.
- Canada
- Mexico
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Market estimation & forecast parameters
1.2.1 Base estimates & working
1.2.2 Forecast calculations
1.2.3 COVID-19 impact calculations on industry forecast
1.3 Data sources
1.3.1 Primary
1.3.2 Secondary
1.3.2.1 Paid sources
1.3.2.2 Paid sources
Chapter 2 Executive Summary
2.1 North America flexible foam industry 3600 synopsis, 2018 –2028
2.1.1 Business trends
2.1.2 Type trends
2.1.3 End use trends
2.1.4 Country trends
Chapter 3 North America Flexible Foam Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2018- 2028
3.2.1 COVID-19 impact on industry size & forecast
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.2 Manufacturers
3.3.3 End users
3.3.3.1 Furniture & upholstery
3.3.3.2 Packaging
3.3.3.3 Construction
3.3.3.4 Consumer goods
3.3.3.5 Transport
3.3.4 Profit margin trends
3.3.5 Distribution channel analysis
3.3.5.1 Direct distribution
3.3.5.2 Online sales channel
3.3.5.3 Resellers
3.3.5.4 Wholesale
3.3.5.5 Retailers
3.3.6 Vendor matrix
3.3.7 Polyurethane foam producers
3.3.8 Flame lamination and glue lamination companies in North America
3.4 Technology Landscape
3.5 Raw material trends
3.6 Industry best practices & key buying criteria
3.7 Consumer behaviour analysis
3.7.1 Unmet needs
3.7.2 Information search
3.7.3 Evaluation of alternative
3.7.4 Purchase decision
3.7.5 Post-purchase evaluation
3.8 Regulatory landscape
3.8.1 North America
3.9 Regional price trends
3.9.1 Cost structure analysis
3.10 Industry impact forces
3.10.1 Growth drivers
3.10.1.1 Growth in the automotive and transportation industry
3.10.1.2 Rapid expansion in packaging industry
3.10.1.3 Increasing utilization of thermal insulation in the construction industry
3.10.1.4 Strong outlook in furniture & bedding industry
3.10.2 Industry pitfalls & challenges
3.10.2.1 Volatility in raw material prices
3.10.2.2 Discharge of hazardous air pollutants during manufacturing process
3.11 Growth potential analysis, 2021
3.12 Competitive landscape, 2021
3.12.1 Top player positioning
3.12.2 Key stakeholders
3.12.3 Strategy dashboard
3.12.4 Potential customers
3.13 Porter’s analysis
3.13.1 Supplier power
3.13.2 Buyer power
3.13.3 Threat of new entrants
3.13.4 Threat of substitutes
3.13.5 Industry rivalry
3.14 PESTLE analysis
3.15 COVID-19 impact on flexible foam demand by end-user
3.15.1 Furniture & upholstery
3.15.2 Packaging
3.15.3 Construction
3.15.4 Consumer goods
3.15.5 Transportation
Chapter 4 North America Flexible Foam Market, By Type
4.1 North America flexible foam market share by type, 2021 & 2028
4.2 Polyurethane
4.2.1 Market estimates & forecast, 2018 –2028
4.2.2 Market estimates & forecast by country, 2018 – 2028
4.2.3 Polyester
4.2.3.1 Market estimates & forecast, 2018 – 2028
4.2.3.2 Market estimates & forecast by country, 2018 – 2028
4.2.4 Polyether
4.2.4.1 Market estimates & forecast, 2018 – 2028
4.2.4.2 Market estimates & forecast by country, 2018 – 2028
4.3 Polyethylene
4.3.1 Market estimates & forecast, 2018 –2028
4.3.2 Market estimates & forecast by country, 2018 – 2028
4.3.3 Cross linked
4.3.3.1 Market estimates & forecast, 2018 – 2028
4.3.3.2 Market estimates & forecast by country, 2018 – 2028
4.3.4 Non-cross linked
4.3.4.1 Market estimates & forecast, 2018 – 2028
4.3.4.2 Market estimates & forecast by country, 2018 – 2028
4.4 Polypropylene
4.4.1 Market estimates & forecast, 2018 –2028
4.4.2 Market estimates & forecast by country, 2018 – 2028
4.5 Silicone
4.5.1 Market estimates & forecast, 2018 –2028
4.5.2 Market estimates & forecast by country, 2018 – 2028
4.6 Ethylene-vinyl acetate (EVA)
4.6.1 Market estimates & forecast, 2018 –2028
4.6.2 Market estimates & forecast by country, 2018 – 2028
4.7 Melamine
4.7.1 Market estimates & forecast, 2018 –2028
4.7.2 Market estimates & forecast by country, 2018 – 2028
4.8 Polyvinylidene fluoride (PVDF)
4.8.1 Market estimates & forecast, 2018 –2028
4.8.2 Market estimates & forecast by country, 2018 – 2028
Chapter 5 North America Flexible Foam Market, By End Use
5.1 North America flexible foam market share by end use, 2021 & 2028
5.2 Furniture & upholstery
5.2.1 Market estimates & forecast, 2018 –2028
5.2.2 Market estimates & forecast by country, 2018 – 2028
5.3 Packaging
5.3.1 Market estimates & forecast, 2018 –2028
5.3.2 Market estimates & forecast by country, 2018 – 2028
5.4 Construction
5.4.1 Market estimates & forecast, 2018 –2028
5.4.2 Market estimates & forecast by country, 2018 – 2028
5.5 Consumer goods
5.5.1 Market estimates & forecast, 2018 –2028
5.5.2 Market estimates & forecast by country, 2018 – 2028
5.5.3 Clothing & footwear
5.5.3.1 Market estimates & forecast, 2018 – 2028
5.5.3.2 Market estimates & forecast by country, 2018 – 2028
5.5.4 Household & personal care
5.5.4.1 Market estimates & forecast, 2018 – 2028
5.5.4.2 Market estimates & forecast by country, 2018 – 2028
5.5.5 Other consumer goods
5.5.5.1 Market estimates & forecast, 2018 – 2028
5.5.5.2 Market estimates & forecast by country, 2018 – 2028
5.6 Transportation
5.6.1 Market estimates & forecast, 2018 –2028
5.6.2 Market estimates & forecast by country, 2018 – 2028
5.6.3 Automotive
5.6.3.1 Market estimates & forecast, 2018 – 2028
5.6.3.2 Market estimates & forecast by country, 2018 – 2028
5.6.4 Railway
5.6.4.1 Market estimates & forecast, 2018 – 2028
5.6.4.2 Market estimates & forecast by country, 2018 – 2028
5.6.5 Aerospace
5.6.5.1 Market estimates & forecast, 2018 – 2028
5.6.5.2 Market estimates & forecast by country, 2018 – 2028
Chapter 6 North America Flexible Foam Market, By Country
6.1 North America flexible foam market share by country, 2021 & 2028
6.2 U.S.
6.2.1 Market estimates & forecast, 2018 – 2028
6.2.2 Market estimates & forecast, by type, 2017 – 2027
6.2.3 Market estimates & forecast, by end use, 2017 – 2027
6.3 Canada
6.3.1 Market estimates & forecast, 2018 – 2028
6.3.2 Market estimates & forecast, by type, 2017 – 2027
6.3.3 Market estimates & forecast, by end use, 2017 – 2027
6.4 Mexico
6.4.1 Market estimates & forecast, 2018 – 2028
6.4.2 Market estimates & forecast, by type, 2017 – 2027
6.4.3 Market estimates & forecast, by end use, 2017 – 2027
Chapter 7 Company Profiles
7.1 BASF SE
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 Strategic Outlook
7.1.5 SWOT Analysis
7.2 Covestro AG
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 Strategic Outlook
7.2.5 SWOT Analysis
7.3 The DOW Chemical Company
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.3.4 Strategic Outlook
7.3.5 SWOT Analysis
7.4 Huntsman International
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.4.5 SWOT Analysis
7.5 Rogers Corporation
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 Strategic Outlook
7.5.5 SWOT Analysis
7.6 Woodbridge Foam Corporation
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 Strategic Outlook
7.6.5 SWOT Analysis
7.7 INOAC Corporation
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 Strategic Outlook
7.7.5 SWOT Analysis
7.8 Carpenter Co.
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 Strategic Outlook
7.9 Kaneka Corporation
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic Outlook
7.9.5 SWOT Analysis
7.10 American Excelsior Company
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 Strategic Outlook
7.10.5 SWOT Analysis