Consumer Foam Global Market Report 2024

The global consumer foam market has grown strongly in recent years. It will grow from $38.94 billion in 2023 to $41.75 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth observed in the historical period can be linked to advancements in foam material science, the increasing need for acoustic insulation, the evolution of flexible foam packaging, demand from the sports and leisure industry, and consumer preferences favoring comfort products.

The global consumer foam market is expected to see strong growth in the next few years. It will grow to $54.77 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The projected growth during the forecast period is driven by an increasing demand for furniture and bedding, a burgeoning automotive sector, the upward trajectory of the construction industry, and the expanding applications in healthcare and medicine, along with the transformative impact of e-commerce. Notable trends expected in the forecast period involve a focus on regulatory compliance and standards, advancements in material science, and the fostering of collaborative initiatives within the relevant industries.

The consumer foam market is poised for growth, driven by the increasing demand for foam in the bedding and furniture industries. Bedding, a fundamental piece of furniture for sleeping, and the broader furniture industry are witnessing a surge in the popularity of foam mattresses. These mattresses are favored for their comfort, and recent market trends include products that allow consumers to customize foam layers based on their comfort preferences. Foam's utility extends to cushions and mattresses, providing durable and comfortable shapes to consumers. A notable statistic from August 2022 reveals a 20.5% growth in online mattress sales compared to 2021, emphasizing the rising need for foam in bedding and furniture, a trend set to propel the consumer foam market.

The consumer foam market is anticipated to experience growth propelled by the expanding automotive industry. Consumer foam plays a pivotal role in enhancing comfort and insulation within vehicle interiors, contributing to an improved driving experience and safety. Recent data from August 2023, sourced from the Board of Governors of the Federal Reserve System, highlights an increase in total vehicle production in the United States to 11.77 million units in July, up from 10.91 million units in June. This growth underscores the impact of the expanding automotive industry in driving the demand for consumer foam.

A key trend in the consumer foam market is the growing use of bio-based polyols. These polyols, derived from renewable and sustainable resources, are gaining popularity for manufacturing consumer products, contributing to increased sustainability and reduced carbon emissions. An example from November 2021 involves Stora Enso, a Finland-based pulp and paper industry company, launching bio-based packaging foam made from wood. These environmentally friendly and recyclable materials cater to the demand for cushioning materials that align with principles of environmental responsibility, renewability, and circularity in inner packaging.

Major players in the consumer foam market are strategically focusing on temperature-controlled packaging solutions to gain a competitive edge. Temperature-controlled packaging solutions, designed to maintain precise temperature environments for packaged products, are becoming a focal point for companies seeking differentiation. A case in point is Cruz Foam, a US-based packaging company, introducing two eco-friendly packaging products, Cruz Wrap and Cruz Cool, in October 2023. These products, crafted from sustainable materials like upcycled shrimp shells and recyclable chitin foam, address the need for environmentally conscious packaging solutions.

In a strategic move, Foam Holdings, a US-based foam manufacturing company, acquired Fabricated Packaging Materials in November 2021. The acquisition aims to bolster Foam Holdings' product portfolio and reinforce its standing as a premier solutions provider. Fabricated Packaging Materials specializes in manufacturing and fabricating block-molded expanded polystyrene (EPS) for diverse applications, aligning with Foam Holdings' expansion objectives.

Major companies operating in the consumer foam market report are Covestro AG, ACH Foam Technologies LLC, Arkema Inc., BASF SE, Borealis AG, Dow Chemical Company, Hanwha Chemical Corporation, Huntsman Corporation, JSP Corporation, Kaneka Corporation, Loyalty Group Limited, Mitsui Chemicals Inc., Saudi Basic Industries Corporation, Compagnie de Saint-Gobain SA, Sekisui Chemical Co. Ltd., Toray Industries Inc., Trelleborg AB, Woodbridge Foam Corporation, INOAC Corporation, Recticel NV, Rogers Corporation, Foamcraft Inc., Henkel Ag & Co. Kgaa, UFP Technologies Inc., Armacell International S.A., Sealed Air Corporation, Zotefoams PLC, American Excelsior Company, All Foam Products Co. Inc., Wisconsin Foam Products Inc., and ArtUSA Noise Control Products Inc.

Asia-Pacific was the largest region in the consumer foam market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the consumer foam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the consumer foam market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of consumer foams include flexible and rigid foam. Flexible foam is designed to provide cushioning for a diverse range of commercial and consumer products. This polymer possesses a cellular structure, demonstrating compression and resilience properties. It is manufactured through the reaction of polyols and isocyanates. The different types of resins involved in flexible foam production include polystyrene, polyurethane, phenolic, polyolefins, and others. Flexible foam finds applications in bedding and furniture, automotive, consumer electronics and appliances, footwear, sports and recreational products, as well as other areas such as beauty and personal care, apparel, and household cleaning.

This report provides consumer foam market statistics, including consumer foam industry global market size, regional shares, competitors with a consumer foam market share, detailed consumer foam market segments, market trends and opportunities, and any further data you may need to thrive in the consumer foam industry. This consumer foam market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The consumer foam market consists of sales of foam that is used in furniture cushioning, bedding, carpet underlay, and mattresses. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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