Pune, India -- (SBWIRE) -- 05/22/2018 -- Market Scenario:

Flexible Foam are cushions made by crosslinking polymers such as polyurethane, polypropylene, polyethylene etc. The Global Flexible Foam Market is anticipated to generate a CAGR of 5.1 % during the forecast period of 2017 to 2023.

Industry News:

April 2016 – merger of Pacific Urethanes and Elite Foam. The deal also involves transfer of flexible polyurethane foam business of HSM to the merged entity.

March 2016 – Arsenal Capital Partners, took a majority stake in Elite Foam, Inc. and Hickory Springs Manufacturing Company (HSM). Arsenal Capital Partners also invested in Pacific Urethanes LLC which is a large producer of specialty polyurethane foam materials.

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Regional Analysis:

North America led by the U.S. is the largest market owing to the large industries such as aerospace, automobile and others. Europe led by the U.K, France, Germany and Italy account for the second largest market. The large Aerospace and automotive industries in Europe are prime end users driving the growth of the regional market.

Asia Pacific is expected to be the fastest growing market with strong demand from construction and automotive industry. India, Japan and China account for the major market share of the market on account of their larger population and demand are generating the fastest growth.

The Middle East & Africa region is expected to generate moderate growth skewed heavily in favor of the gulf economies. The fast growing tourism and construction industry of the Middle East is driving the bulk of its growth. The presence of petrochemical stocks in the gulf provides an abundance of raw materials which is also driving the market.

Segmentation:

The Global Flexible Foam Market has been segmented into type, applications, end use industry, and region so as to generate an accurate understanding of the market.

Type – polyurethane, polypropylene and polyethylene.

Application – bedding, furnishing, automotive interiors, packaging, shock absorbers, insulation, and flooring.

End Use Industry – furniture & interiors, transport, construction.

Regions – Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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