Auto Market Trends Driving Flexible Foam Market Growth
The flexible foam market is set to grow to over $65 billion.
The flexible foam market is set to grow from its current market value of more than $35 billion to over $65 billion by 2025, according to a study from Global Market Insights Inc.
Strong outlook with versatile end-user applications including furniture and upholstery, packaging, construction, consumer goods, automotive interiors, etc., are among key factors driving the flexible foam market growth.
Increasing disposable income, along with rising inclination of consumers toward the purchase of luxurious interiors, are expected to propel the flexible foam market demand. Growing demand for memory and viscoelastic foam in bedding and mattress products, as well as along with rapid expansion in the flexible packaging industry due to the enhanced protection against vibration during shipping, are predicted to propel the industry growth.
Polyurethane dominated the flexible foam market, accounting for over 60% of the overall demand in 2018. Polyurethane is widely used in numerous applications such as automotive interior components, lightweight automotive parts, cushioning in beddings and upholstery, and as thermal insulation products in buildings, etc.
For more information, visit https://www.gminsights.com.