Flexible Foam Market 2018 Leading Growth Drivers, Emerging Audience, Segments, Industry Sales, Profits and Regional Analysis

Press Release

Global Flexible Foam Market: Overview

Due to high demand for a large range of industrial and end-use applications, the global flexible foam market is likely to experience profitable growth in the coming years. A solid state combination of gaseous phases, such as blowing agents and a solid phase present in fillers, produces a flexible foam. This offers high physical and mechanical properties for flexible foams such as improved sound and heat insulation and greater energy absorption.

Flexible foam comes in open cell forms and can be made absorbent by submerging it in water for a long time. Therefore, floating the material is not advisable. These are available in various types and sizes, such as polypropylene, polyethylene, polyurethane, and others, as used for applications such as transport, furniture and packaging.

Global Flexible Foam Market: Notable Developments

Some of the key developments that are likely to impact the global flexible foam market are: Established Vendors Foraying into Potential Markets

Huntsman concluded its acquisition of Demilec, one of the leading manufacturers of spray polyurethane (SPF) insulation systems in North America in April of 2018. Demilec's acquisition is in keeping with the stated strategy of Huntsman to expand its downstream Polyurethane business and use its worldwide platform to expand Demilec's SPF formulations portfolio to global markets.  Emergence of Zero Energy Buildings

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In accordance with international energy conservation code, the US Zero Energy Ready Home Program has laid down standard criteria. In national program initiatives, building codes have a criterion to be qualified by constructing energy-efficient buildings with an efficiency between 40% and 50% compared to other houses. Introduction of Bio Based Polyols

Due to their sustainability, organic or bio-based polyols constitute promising substitutes for petrochemical polyols. A mix of petroleum polyol and commercial soy polyols with various hydroxyl numbers and functions was successfully produced for flexible foams. The potential replacements of conventional flexible polyurethane foams with organic foams may be seen in order to reduce vibration, noise pollution and thus increase the comfort of aircrafts and automobiles in the coming years.

Prominent players operating in the global flexible Foam market are Microchip, ROHM Semiconductor, Semtech, RICOH Electronics, and Eaton.

Global Flexible Foam Market: Key Growth Dynamics

Polyurethane is extensively used in interior automotive components, in bedding and polishing and in building thermal insulation. Features like improved coiling, light weight, longevity, shorter installation time, greater shelf life and resilience are among the key features that will drive demand for flexible polyurethane foam. Applications have been diversified through technological progress in flexible foam materials.

Growing demand in both developed and developed economies for viscoelastic and memory foam in mattress and bedding products is boosting flexible foam market growth. The demand for flexible foam in the automotive industry also drives growing concerns about safety and comfort. These factors should lead to a stable growth rate during the forecast period on this market.

Global Flexible Foam Market: Regional Outlook

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On account of high demand for flexible foams across several industries including the automotive, equipment and healthcare industries the Asia Pacific region is expected to witness fastest growth during the projection period. The growing demand for infrastructure, furnishings and automobiles in the Middle East and Africa (MEA) region are expected to stimulate growth over the projected period.

Manufacturing in many European countries has, due to volatile economic conditions and price increases in raw materials, seen relatively slow growth over the past two years. The growth potential of flexible foam market in this region has been hindered by such stagnant conditions in the European manufacturing sector.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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