According to a new market research report, the “Consumer Foam Market by Foam Type, Resin Type (Polyurethane, Polystyrene, Polyolefins, Phenolic), End-use Industry(Bedding & Furniture, Footwear, Automotive), & Region (APAC, North America, South America, Europe, MEA) – Global Forecast to 2026” The consumer foam market is projected to grow from USD 40.2 billion in 2021 to USD 50.9 billion by 2026, at a CAGR of 4.9% from 2021 to 2026. The market is witnessing average growth across the world due to factors such as, growing end-use industries in emerging economies, increased use of consumer foam in sports & recreational products applications. PE, PU, and specialty foams are used in protective guards, life jackets, sports, camping and trekking mattresses, kit bag liners, sports shoes, glove lining of sports, and recreational industries.
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- 204 Market data Tables
- 55 Figures
- 229 Pages and in-depth TOC on “ Consumer Foam Market – Global Forecast to 2026”.
This report also provides a comprehensive analysis of the companies listed below:
Covestro AG (Germany), BASF SE (Germany), Dow Inc. (US), Huntsman Corporation (US), Sekisui Chemical Co., Ltd. (Japan), Saint-Gobain (France), Chemtura Corporation (Lanxess) (US), Recticel NV/SA (Belgium), Rogers Corporation (US), Trelleborg AB (Sweden), Eurofoam Group (Austria), Woodbridge Foam Corporation (Canada), Tosoh Corporation (Japan), Foamcraft, Inc. (US), Loyal Group(China), JSP Corporation(Japan), and Sealed Air Corporation (US). are the key players in consumer foam market.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Consumer Foam Market.
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Covestro AG is the dominant player in the global consumer foam market. The company invests in R&D to introduce innovative products, which can be of higher quality and can be used across end-use industries at affordable prices. It also has a strong distribution channel, making products available across the globe to various end-use industries. Covestro AG is among the largest producers of consumer foam in Germany. The company has a wide range of product offerings, as it is among the largest producers in the country. It has the highest R&D expenditure percentage in comparison to other major players in the market and has also expanded in recent years.
It has a good brand image and is among the new manufacturers of consumer foam and has a good product differentiation and impact on customer value. Covestro AG has a global presence. The company focuses on the effectiveness of growth strategy, as it is focusing on inorganic strategies. It has a strong distribution channel and has four overseas facilities spread across the world, making it one of the largest companies globally. The company is well aligned with its strategy of sustainable growth. It also has high operating and profit margins.
BASF SE is a leading supplier of consumer foam, specialties, and basic products such as polyurethane foams and foam raw materials. The company has a broad product portfolio comprising spray foams, basic products, specialty elastomers (such as thermoplastic polyurethane (TPU) and microcellular elastomers), and other customized products. The foam products offered by it are used in automotive, construction, sports & leisure, shoes, furniture, electronics, and insulation applications. BASF SE offers different groups of foam systems based on their hardness, softness, integrity, or compactness. The company offers prompt local support, ranging from technical services & sales to production & marketing services through its polyurethane system house network.
It operates a global network of 45 polyurethane system houses with a comprehensive product and service portfolio. With its world-scale plants, BASF SE is considered one of the leading producers of basic consumer foam products across the world. The company manages its business through Chemicals, Materials, Surface Technologies, Industrial Solutions, Agricultural Solutions, Nutrition & Care, and other business segments. The Other segment of BASF SE comprises its paper and water chemicals business. The company manages its foam business through its Materials segment.