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Molded Foam Market Trends

Report ID: GMI7664
Published Date: Dec 2023
Report Format: PDF

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Molded Foam Market Trends

Manufacturers are shifting towards the development of bio-based and recyclable molded foam products to reduce the environmental impact. Additionally, there is a rising demand for customized and technologically advanced foam solutions, driven by innovations in manufacturing processes and material formulations. With the continuous evolution of design capabilities and increased emphasis on product aesthetics, molded foam applications are expanding beyond traditional sectors like automotive and packaging into areas such as furniture and consumer goods.

Authors: Kiran Pulidindi, Gauri Wani

Frequently Asked Questions (FAQ) :

Market size for molded foam was valued at around USD 16.1 billion in 2023 and is estimated to reach USD 23.4 billion by 2032, owing to versatility in applications ranging from automotive components and furniture to packaging and construction.

Seating segment held a dominant market share of around 31% in 2023 and is expected to grow at a lucrative pace through 2032, favored by the ideal combination of support and comfort offered by the molded foam in furniture, automotive interiors, and others.

North America industry for molded foam accounted for USD 6.7 billion in 2023 and is anticipated to expand at a significant pace from 2024 to 2032, attributed to the region's robust economic conditions, coupled with flourishing construction sector

BASF SE, Dow Inc., Covestro AG, Carpenter Technology Corporation, Recticel NV, Armacell International S.A., Knauf Industries, Asahi Kasei Corporation and Sumitomo Chemical Co., Ltd.