February 6, 2020

Flexible Polymer Foam Market :Size, Share, Growth, Trends, and Forecast, 2019 – 2027

Flexible Polymer Foam Market: Low Density Foam

  • Flexible polymer foams have low density and are permeable to air. These foams are soft and provide more comfort. Thus, they are widely used in furniture and beddings.
  • Flexible polymer foams possess low weight and high strength-to-weight properties. Moreover, flexible polymer foams offer superior thermal & acoustic insulation and energy absorptivity. Increase in the number of reconstruction of building activities is expected to fuel the flexible polymer foams market.
  • Flexible polymer foams are extensively used in home furnishings, such as furniture, bedding, and carpet underlay. These foams are durable and offer comfort when used as a cushioning material for upholstered furniture.

Key Drivers of Global Flexible Polymer Foam Market

  • According to the Confederation of International Contractors’ Association, the global construction industry has a turnover of US$ 7 Trn. According to the U.S. Energy Information Administration 2014, buildings accounted for approximately 35%-40% of the total energy consumed in developing nation. Rise in initiatives such as construction of sustainable buildings is likely to drive the demand for energy efficient construction materials across the globe. Various countries across the globe are striving to enhance residential and public infrastructures. This is expected to boost the demand for flexible polymer foams.
  • Properties of flexible polymer foams, such as lightweight, superior insulation and flexibility, and low heat or sound transfer called as optimal insulators are projected to increase its demand for building and construction activities. Increase in legislations and building standards to reduce heat loss is anticipated to propel the demand for polymeric foams during the forecast period.

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Polyurethane Type Segment to Offer Attractive Opportunities

  • In terms of volume and value, polyurethane is projected to be a rapidly growing type segment of the global flexible polymer foam market during the forecast period
  • Polyurethane is a polymerized product of organic isocyanates and hydroxyl group of polyol or diol. Most of polyurethane is used in the production of flexible polymer foams. These are extensively used in diverse industries, such as building & construction, automotive, and packaging, owing to their various properties, including lightweight, durability, and versatility.
  • Flexible polyurethane foams are extensively used due to their low density, thermal conductivity, and good mechanical strength, which makes them a preferred choice. Additionally, the technology employed for the manufacturing of flexible polyurethane foams is well-established. Thus, these foams are superior than others.