Flexible Foam Market Size & Share 2022

1. Flexible Foam Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2025

2. Flexible foam finds extensive application in a variety of everyday use products and materials and new use-cases are rolling out on a regular basis. It is vastly used as cushioning for consumer and commercial products including furniture, bedding and mattresses, carpets and rugs, transportation, packaging, fibers, and textiles. Flexible foam materials are also used by the transportation industry for automotive interiors and many other purposes. • Global Market Insights, Inc., forecasts that global flexible foam market size will exceed an annual valuation of US$65 billion by 2025, with consistent demand across the rapidly expanding automotive sector. • Rising car sales and amplified auto production efforts by carmakers • Flexible polyurethane foam (PFP) is increasingly valuable to automotive original equipment manufacturers (OEMs) owing to numerous benefits, including excellent sound and vibration absorption and robust durability. The implementation of flexible foam in vehicle interiors and components also helps OEMs reduce overall weight and enhance fuel efficiency. All of these benefits add up to offer a greater mileage and a more comfortable ride. • With a notable rise in household income levels, the passenger vehicles segment has experienced commendable growth in recent years. Also, the trend of autonomous cars and electric vehicles is rapidly garnering momentum worldwide. Leading automakers are pushing full steam ahead to ramp up auto production in order to meet the surging vehicle demand.

3. During the coronavirus pandemic and related lockdowns, in June 2020 General Motors Corporation, Ford Motor Corporation, and Volkswagen AG announced plans to boost production in the upcoming months. Ford said it expects to return all of its U.S.-based plants to full capacity by the first week of July, while GM said it expects to return to normal production capacity by June end. • Ford, GM, and Volkswagen also reported mostly smooth sailing since automaking operations resumed in North America in May amid the coronavirus outbreak. These companies are pushing forward with autonomous and electric vehicle production. The automakers believe that the coronavirus pandemic may even have made these electric and autonomous mobility technologies more appealing to customers despite the ongoing economic slowdown. • FPF is extensively used in the transportation sector for seating, armrests, headrests, skins and interior panels, HVAC components, headliners, car and truck fenders, and other interior components. Recent developments in flexible foam technology for auto design are contributing to enhanced passenger comfort, increased weight reduction, sound and energy absorption, heat and moisture resistance, resiliency, and comprehensive strength in vehicles. • Fluctuations in raw material prices due to the recent coronavirus crisis and significant disruptions in automaking, supply chains, and transportation have negatively impacted flexible foam demand. The discharge of hazardous air pollutants during flexible foam manufacturing could also be a major factor affecting the industry forecast.

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