As per the recently published report by MarketsandMarkets™, The “Reticulated Foam Market by Type (Reticulated Polyether Foam And Reticulated Polyester Foam ), Porosity (High, Moderate, Less), Application (Filtration, Sound Absorption, Fluid Management, Cleaning Products, Others), and Region – Global Forecast to 2028″, size is projected to grow from USD 506 million in 2023 and reach USD 683 million by 2028, at a CAGR of 6.2% from 2023 to 2028. The growing emphasis on air quality and the rising demand for durable outdoor furnishings are key drivers propelling the reticulated foam market. With its filtration capabilities and durability, Reticulated foam is increasingly sought after for applications such as outdoor furniture, where it contributes to both comfort and longevity, meeting the evolving consumer preferences for quality outdoor living experiences. Additionally, its role in enhancing air quality in various settings further boosts its market demand.
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- 249 Market data Tables
- 36 Figures
- 186 Pages and in-depth TOC on “Reticulated Foam Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
Key players operating in the reticulated foam market include companies such as Rogers Foam Corporation (US), Sheela Foam (India), WinFun Foam (China), Woodbridge Foam Corporation (Canada), Carpenter Co. (US), Neveon (Austria), Polymer Technologies, Inc. (US), and FXI (US). The companies have widespread manufacturing facilities, an established portfolio of reticulated foams, a robust market presence, and strong business strategies. These factors are attributed to their progression in the reticulated 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 reticulated foam market.
Recent Developments in Reticulated Foam Market Industry
- In March 2019, FXI and Innocor, leading players in polyurethane foam products, agreed to merge their business. The company will function under the name of FXI and offer its products, such as bedding, furniture, healthcare, filtration, transportation, and acoustics, to markets. The company will continue to sell Innocor’s Novaform and Sleep Innovations mattress brands. The company has increased its customer base and product portfolio with this merger.
- In April 2022, Worldwide Foam completed the construction of a 140,000 sq. ft. warehouse in Indiana, US, enhancing its capabilities in the reticulated foam market. This facility enables the company to expand its inventory, offering a broader range of products. Simultaneously, it provides an opportunity to enhance value-added services in other facilities, reflecting a strategic move to meet growing market demands and improve overall operational efficiency.
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Based on type, reticulated polyether foam holds the largest market share in the reticulated foam market due to its superior characteristics. It offers high porosity, excellent flexibility, and resilience, making it versatile for various applications such as filtration, sound absorption, and outdoor furnishings. The material’s adaptability and efficient reticulation process contribute to its widespread use, giving it a leading position in the reticulated foam market.
The reticulated foam market has been segmented based on porosity into highly porous, moderately porous, and less porous. Among these, highly absorbent reticulated foam is expected to dominate the market. Its extensive porosity enhances its effectiveness in filtration and sound absorption applications, making it a preferred choice across various industries.
Based on application, the reticulated foam market has been segmented into filtration, sound absorption, fluid management, cleaning products, and others (cushioning, padding, and gasketing). Filtration applications command the largest market share in the reticulated foam market due to the foam’s unique open-cell structure. Reticulated foam’s high porosity and permeability make it exceptionally effective for filtering air and liquids. Its adaptability to diverse filtration requirements and customization capabilities position it as a preferred choice for various industries, driving its dominance in the filtration segment of the reticulated foam market.
The reticulated foam market in the Asia Pacific region is projected to grow at the highest CAGR between 2023 and 2028. China and India accounted for a significant share of the Asia Pacific reticulated foam market in 2022. The Asia Pacific region holds the largest market share in the reticulated foam market due to several factors. Firstly, the region’s rapid industrialization and urbanization have increased demand for reticulated foam across various applications, including automotive, construction, and electronics. Additionally, key manufacturing hubs and a robust supply chain infrastructure contribute to the market’s growth. Moreover, the rising awareness of the benefits of reticulated foam, such as its use in filtration, sound absorption, and other specialized applications, has led to increased adoption in diverse industries. Furthermore, the region’s economic growth and expanding middle-class population contribute to higher consumption of reticulated foam-based products. Government initiatives promoting sustainable and innovative materials, coupled with the ongoing trend of customization to meet specific application needs, further boost the demand for reticulated foam in the Asia Pacific region. These combined factors position the region as a significant contributor to the global reticulated foam market.
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