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Flexible Foam Market Share

Report ID: GMI1735
Published Date: Jan 2019
Report Format: PDF

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Flexible Foam Market Share

The flexible foam industry share is highly fragmented owing to the presence of many global and regional players. Key industry participants include

BASF
Covestro AG
Huntsman International
Dow Chemical Company
Recticel

They rely on strategies such as mergers & acquisition, product development, geographical expansion, technological innovation and sourcing strategies to enhance their industry share. For instance, in March 2015, BASF announced to launch Basotect flexible polyurethane foams that can be used to produce lightweight engine coverings with one-shot process reducing the lead time required.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Flexible foam industry size is set to grow at a CAGR of 7.5% from 2019 to 2025 with rising consumer inclination towards enhancing the interior design of cars.

Flexible foam is used in the automotive sector in a vehicle’s armrests, seating, and other parts and has a high demand in the furniture industry owing to multiple benefits such as enhanced cushioning and durability.

The Asia Pacific flexible foam industry will record substantial growth through 2025 owing to the escalating product demand in consumer goods, furniture, automotive, and packaging sectors.

The market value from transportation application will exhibit a CAGR of 8% up to 2025 due to wide product deployment in the cushioning of seats in trams, buses, taxis, and trains.