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The Consumer Foam Market Size was valued at $43.92 billion in 2023 and is expected to reach $66.97 billion by 2032 and grow at a CAGR of 4.8% by 2024-2032.
The consumer foam market is experiencing growth driven by environmentally conscious consumers demanding a greener future, leading to a rise in the popularity of foam made with recycled or responsibly sourced materials. Manufacturers embracing sustainable practices are witnessing a boost in sales as consumers prioritize eco-friendly options.
This focus on well-being extends beyond the environment, with a growing demand for foam products that promote better sleep, alleviate pressure points, and contribute to overall health. Manufacturers catering to this health-conscious market are seeing increased sales as products aligned with wellness trends gain traction. The shift towards online retail and direct-to-consumer models is influencing foam sales. E-commerce platforms provide a convenient and accessible avenue for consumers to explore and purchase foam products, leading to increased sales for companies with robust online strategies. rising demand for foam featuring advanced cooling technologies in the automotive industry. Innovations like gel-infused foam or phase-change materials cater to consumers seeking temperature-regulated sleep surfaces.
KEY DRIVERS:
Increasing versatile choice for modern bedding and furniture.
The rise of consumer foam in the bedding and furniture industry can be attributed to its versatility as a building block. Flexible foam boasts several key properties that make it ideal for furniture construction. First, its anti-microbial nature helps combat the growth of bacteria and allergens, promoting a cleaner sleep or sitting environment. Second, its lightweight characteristic makes furniture easier to move and handle. Most importantly, flexible foam's ability to Mold into various shapes allows manufacturers to design furniture with intricate curves and contours, enhancing comfort and aesthetics. This unique combination of benefits has led to a surge in the use of consumer foam for applications across the bedding and furniture industry.
RESTRAIN:
Major problem for the consumer foam market is the volatility of raw material prices.
These prices directly impact the cost of foam products, as key ingredients like benzene, toluene, polyol, and phosgene are derived from petroleum and susceptible to price swings. The rising global demand and geopolitical tensions in the Middle East caused oil prices to fluctuate wildly. This instability has continued in recent years, with limited production capacity for essential chemicals and resins further tightening supply and driving up costs. Stringent environmental regulations, like those by the US EPA on new and existing foam manufacturing facilities, add another layer of complexity, potentially impacting production and cost structures.
OPPORTUNITY:
Sustainable solution as bio-based polyols is growing in consumer foam market.
Bio-based polyols product are rising demand among the consumers which is driven by environmental concerns and a desire to move away from fossil fuels, the industry is increasingly turning to bio-derived materials like soy-based polyols. These alternatives offer a double benefit, sustainability and cost-effectiveness. By adopting bio-based polyols, polyurethane manufacturers can not only reduce their reliance on volatile petroleum sources but also potentially lower overall production costs. This shift presents a significant opportunity for the consumer foam industry to embrace a more sustainable future.
CHALLENGES:
Rising raw material costs reduces profit margin for consumer foam manufacturers.
Consumer foam manufacturers are facing a decline in their profit margins due to rising raw material costs. Key ingredients like toluene diisocyanate, methyl di-p-phenylene, and polymeric isocyanate are experiencing significant price rises. This translates directly to increased production costs for the foam itself. As a result, manufacturers are struggling to keep their own prices under control. This situation presents a challenge for the industry, forcing companies to find ways to either absorb the cost increases or potentially pass them on to consumers, which could impact demand.
The impact of Russia-Ukraine conflict has majorly affected the consumer foam market due to which decrease in consumer spending on non-essential goods like some foam products. People might prioritize essentials like food and fuel. Russia is a major producer of oil and gas, key raw materials for many foam products. The war and sanctions can disrupt the supply chain, leading to shortages and price hikes for these materials. The overall rise in energy prices due to the war can increase production costs for foam manufacturers. This can translate to higher prices for consumers. With potential price increases and environmental concerns, the war might indirectly push consumers and manufacturers to explore alternative packaging or cushioning materials.
The impact of the economic downturn has slowed the market it has affected the consumers which has reduced their spending and prioritized essential spending. This can lead to a decline in purchases of non-essential goods like furniture, mattresses, and packaging. Reduced demand translates to lower sales for foam manufacturers. The construction industry, a major consumer of foam for insulation and building materials, is often hit hard during economic downturns. Stalled construction projects can significantly reduce demand for these types of foam products. They might look for cheaper alternatives or delay purchases altogether, putting pressure on foam producers to maintain profitability. This could lead to price wars or a decrease in the use of higher-quality foams.
By Type
Flexible Foam
Rigid Foam
By End-use Industry
Automotive
Footwear
Consumer Electronics & Appliances
Sports & Recreational Products
Bedding & Furniture
Others (Beauty & Personal care, Apparel, and Household cleaning)
The bedding and furniture sub-segment is expected to dominate the consumer foam market in 2023 by end use industry. This dominance stems from the wide variety of applications foam finds in this sector. Its low density makes it ideal for furniture cushioning, bedding, carpet underlay, and mattresses, significantly reducing the weight of these products. Furthermore, many types of foam offer both flexibility and softness, contributing to the comfort we expect from our furniture and beds. While the COVID-19 pandemic undoubtedly impacted the bedding and furniture industry, the sheer volume of foam used in this sector ensures its continued reign as the leading consumer of consumer foam, surpassing other end-use applications
The Asia Pacific region dominated the consumer foam market in 2023. This market is expected to surge at the fastest pace globally in the coming years. Several factors are fueling this rise. There is a rise in demand for consumer foam across various industries within the region. the growing presence of major global players dealing in polyurethane foams is further propelling the market forward. This confluence of factors paints a bright picture for the future of consumer foam in the Asia Pacific region.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Key Players
Some of the major players in the Consumer Foam Market are Covestro AG (Germany), Rogers Corporation (US), BASF SE (Germany), Recticel NV/SA (Belgium), Trelleborg AB (Sweden), DuPont (US), Dow Inc. (US), Chemtura Corporation (Lanxess) (US), Huntsman Corporation (US), FoamPartner Group (Switzerland), Sekisui Chemical Co., Ltd. (Japan), Woodbridge International Holdings, Inc., JSP Corporation, Carpenter Company, and other players.
In March 2024: Covestro began industrial-scale production of new polycarbonate copolymers in Antwerp, Belgium. This technology allows for new functionalities like enhanced flame retardancy in existing materials.
In March 2024: Rogers Corporation offers three distinct silicone brands, each specializing in different areas to meet your engineering needs: BISCO®, ARLON®, and Silicone Engineering®. This guide will give you a quick rundown of what each brand offers, helping you choose the best fit for your specific project.
In February 2023: Covestro partnered with Greiner Packaging to develop sustainable molded foam packaging using bio-based materials. This move reflects the growing demand for environmentally friendly solutions in the molded foam market.
In February 2023: BASF's expansion of its Neopor® insulation material production in China highlighted the continued strong demand for high-performance molded foam in the construction sector.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 43.92 Billion |
| Market Size by 2032 | US$ 66.97 Billion |
| CAGR | CAGR of 4.8% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By End-use Industry (Bedding & Furniture, Automotive, Consumer Electronics & Appliances, Footwear, Sports & Recreational Products, Others (Beauty & Personal care, Apparel, and Household cleaning)) • By Type (Rigid Foam, Flexible Foam) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Sekisui Chemical Co., Ltd., ovestro AG, Huntsman Corporation, BASF SE, JSP Corporation, Dow Inc., Saint-Gobain, and other players.. |
| DRIVERS | • Demand for consumer foam will rise as the number of cars sold locally goes up. • Foam will be in high demand because of the high number of cars being made. • The market will be driven by the high growth in the auto industry. |
| Restraints | • PU foam is being used more and more in bedding and furniture, which will drive the market. |
Ans: Primary or secondary type of research done by this reports.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Sekisui Chemical Co., Ltd. (Japan), ovestro AG (Germany),Huntsman Corporation (US), BASF SE (Germany), JSP Corporation (Japan), Dow Inc. (US) and Saint-Gobain (France).
Ans: The growth of the auto industry will make more people want foam and the auto industry will help the market are the opportunity for Consumer Foam Market.
Ans: Consumer Foam Market size was USD 43.92 billion in 2023 and is expected to Reach USD 66.97 billion by 2032.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact Of Russia Ukraine War
5.2 Impact of Economic Slowdown
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa
10. Consumer Foam Market Segmentation, By Type
10.1 Introduction
10.2 Trend Analysis
10.3 Flexible Foam
10.4 Rigid Foam
11. Consumer Foam Market Segmentation, By End-use Industry
11.1 Introduction
11.2 Trend Analysis
11.3 Automotive
11.4 Footwear
11.5 Consumer Electronics & Appliances
11.6 Sports & Recreational Products
11.7 Bedding & Furniture
11.8 Others (Beauty & Personal care, Apparel, and Household cleaning)
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Consumer Foam Market by Country
12.2.3 North America Consumer Foam Market By Type
12.2.4 North America Consumer Foam Market By End-use Industry
12.2.5 USA
12.2.5.1 USA Consumer Foam Market By Type
12.2.5.2 USA Consumer Foam Market By End-use Industry
12.2.6 Canada
12.2.6.1 Canada Consumer Foam Market By Type
12.2.6.2 Canada Consumer Foam Market By End-use Industry
12.2.7 Mexico
12.2.7.1 Mexico Consumer Foam Market By Type
12.2.7.2 Mexico Consumer Foam Market By End-use Industry
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Consumer Foam Market by Country
12.3.2.2 Eastern Europe Consumer Foam Market By Type
12.3.2.3 Eastern Europe Consumer Foam Market By End-use Industry
12.3.2.4 Poland
12.3.2.4.1 Poland Consumer Foam Market By Type
12.3.2.4.2 Poland Consumer Foam Market By End-use Industry
12.3.2.5 Romania
12.3.2.5.1 Romania Consumer Foam Market By Type
12.3.2.5.2 Romania Consumer Foam Market By End-use Industry
12.3.2.6 Hungary
12.3.2.6.1 Hungary Consumer Foam Market By Type
12.3.2.6.2 Hungary Consumer Foam Market By End-use Industry
12.3.2.7 Turkey
12.3.2.7.1 Turkey Consumer Foam Market By Type
12.3.2.7.2 Turkey Consumer Foam Market By End-use Industry
12.3.2.8 Rest of Eastern Europe
12.3.2.8.1 Rest of Eastern Europe Consumer Foam Market By Type
12.3.2.8.2 Rest of Eastern Europe Consumer Foam Market By End-use Industry
12.3.3 Western Europe
12.3.3.1 Western Europe Consumer Foam Market by Country
12.3.3.2 Western Europe Consumer Foam Market By Type
12.3.3.3 Western Europe Consumer Foam Market By End-use Industry
12.3.3.4 Germany
12.3.3.4.1 Germany Consumer Foam Market By Type
12.3.3.4.2 Germany Consumer Foam Market By End-use Industry
12.3.3.5 France
12.3.3.5.1 France Consumer Foam Market By Type
12.3.3.5.2 France Consumer Foam Market By End-use Industry
12.3.3.6 UK
12.3.3.6.1 UK Consumer Foam Market By Type
12.3.3.6.2 UK Consumer Foam Market By End-use Industry
12.3.3.7 Italy
12.3.3.7.1 Italy Consumer Foam Market By Type
12.3.3.7.2 Italy Consumer Foam Market By End-use Industry
12.3.3.8 Spain
12.3.3.8.1 Spain Consumer Foam Market By Type
12.3.3.8.2 Spain Consumer Foam Market By End-use Industry
12.3.3.9 Netherlands
12.3.3.9.1 Netherlands Consumer Foam Market By Type
12.3.3.9.2 Netherlands Consumer Foam Market By End-use Industry
12.3.3.10 Switzerland
12.3.3.10.1 Switzerland Consumer Foam Market By Type
12.3.3.10.2 Switzerland Consumer Foam Market By End-use Industry
12.3.3.11 Austria
12.3.3.11.1 Austria Consumer Foam Market By Type
12.3.3.11.2 Austria Consumer Foam Market By End-use Industry
12.3.3.12 Rest of Western Europe
12.3.3.12.1 Rest of Western Europe Consumer Foam Market By Type
12.3.2.12.2 Rest of Western Europe Consumer Foam Market By End-use Industry
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia Pacific Consumer Foam Market by Country
12.4.3 Asia Pacific Consumer Foam Market By Type
12.4.4 Asia Pacific Consumer Foam Market By End-use Industry
12.4.5 China
12.4.5.1 China Consumer Foam Market By Type
12.4.5.2 China Consumer Foam Market By End-use Industry
12.4.6 India
12.4.6.1 India Consumer Foam Market By Type
12.4.6.2 India Consumer Foam Market By End-use Industry
12.4.7 Japan
12.4.7.1 Japan Consumer Foam Market By Type
12.4.7.2 Japan Consumer Foam Market By End-use Industry
12.4.8 South Korea
12.4.8.1 South Korea Consumer Foam Market By Type
12.4.8.2 South Korea Consumer Foam Market By End-use Industry
12.4.9 Vietnam
12.4.9.1 Vietnam Consumer Foam Market By Type
12.4.9.2 Vietnam Consumer Foam Market By End-use Industry
12.4.10 Singapore
12.4.10.1 Singapore Consumer Foam Market By Type
12.4.10.2 Singapore Consumer Foam Market By End-use Industry
12.4.11 Australia
12.4.11.1 Australia Consumer Foam Market By Type
12.4.11.2 Australia Consumer Foam Market By End-use Industry
12.4.12 Rest of Asia-Pacific
12.4.12.1 Rest of Asia-Pacific Consumer Foam Market By Type
12.4.12.2 Rest of Asia-Pacific Consumer Foam Market By End-use Industry
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Consumer Foam Market by Country
12.5.2.2 Middle East Consumer Foam Market By Type
12.5.2.3 Middle East Consumer Foam Market By End-use Industry
12.5.2.4 UAE
12.5.2.4.1 UAE Consumer Foam Market By Type
12.5.2.4.2 UAE Consumer Foam Market By End-use Industry
12.5.2.5 Egypt
12.5.2.5.1 Egypt Consumer Foam Market By Type
12.5.2.5.2 Egypt Consumer Foam Market By End-use Industry
12.5.2.6 Saudi Arabia
12.5.2.6.1 Saudi Arabia Consumer Foam Market By Type
12.5.2.6.2 Saudi Arabia Consumer Foam Market By End-use Industry
12.5.2.7 Qatar
12.5.2.7.1 Qatar Consumer Foam Market By Type
12.5.2.7.2 Qatar Consumer Foam Market By End-use Industry
12.5.2.8 Rest of Middle East
12.5.2.8.1 Rest of Middle East Consumer Foam Market By Type
12.5.2.8.2 Rest of Middle East Consumer Foam Market By End-use Industry
12.5.3 Africa
12.5.3.1 Africa Consumer Foam Market by Country
12.5.3.2 Africa Consumer Foam Market By Type
12.5.3.3 Africa Consumer Foam Market By End-use Industry
12.5.3.4 Nigeria
12.5.3.4.1 Nigeria Consumer Foam Market By Type
12.5.3.4.2 Nigeria Consumer Foam Market By End-use Industry
12.5.3.5 South Africa
12.5.3.5.1 South Africa Consumer Foam Market By Type
12.5.3.5.2 South Africa Consumer Foam Market By End-use Industry
12.5.3.6 Rest of Africa
12.5.3.6.1 Rest of Africa Consumer Foam Market By Type
12.5.3.6.2 Rest of Africa Consumer Foam Market By End-use Industry
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Consumer Foam Market by Country
12.6.3 Latin America Consumer Foam Market By Type
12.6.4 Latin America Consumer Foam Market By End-use Industry
12.6.5 Brazil
12.6.5.1 Brazil Consumer Foam Market By Type
12.6.5.2 Brazil Consumer Foam Market By End-use Industry
12.6.6 Argentina
12.6.6.1 Argentina Consumer Foam Market By Type
12.6.6.2 Argentina Consumer Foam Market By End-use Industry
12.6.7 Colombia
12.6.7.1 Colombia Consumer Foam Market By Type
12.6.7.2 Colombia Consumer Foam Market By End-use Industry
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Consumer Foam Market By Type
12.6.8.2 Rest of Latin America Consumer Foam Market By End-use Industry
13. Company Profiles
13.1 Covestro AG (Germany)
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Rogers Corporation (US)
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Recticel NV/SA (Belgium)
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Trelleborg AB (Sweden)
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 DuPont (US)
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Dow Inc. (US)
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Chemtura Corporation (Lanxess) (US)
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Huntsman Corporation (US)
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 FoamPartner Group (Switzerland)
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Sekisui Chemical Co., Ltd. (Japan)
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 Woodbridge International Holdings, Inc.
13.11.1 Company Overview
13.11.2 Financial
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
13.12 Carpenter Company
13.12.1 Company Overview
13.12.2 Financial
13.12.3 Products/ Services Offered
13.12.4 SWOT Analysis
13.12.5 The SNS View
13.13 JSP Corporation
13.13.1 Company Overview
13.13.2 Financial
13.13.3 Products/ Services Offered
13.13.4 SWOT Analysis
13.13.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases And Best Practices
16. Conclusion
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