Global Flexible Foam Market: Overview
Due to high demand for a large range of industrial and end-use applications, the global flexible foam market is likely to experience profitable growth in the coming years. A solid state combination of gaseous phases, such as blowing agents and a solid phase present in fillers, produces a flexible foam. This offers high physical and mechanical properties for flexible foams such as improved sound and heat insulation and greater energy absorption.
Flexible foam comes in open cell forms and can be made absorbent by submerging it in water for a long time. Therefore, floating the material is not advisable. These are available in various types and sizes, such as polypropylene, polyethylene, polyurethane, and others, as used for applications such as transport, furniture and packaging.
Global Flexible Foam Market: Notable Developments
Some of the key developments that are likely to impact the global flexible foam market are:
- Established Vendors Foraying into Potential Markets
Huntsman concluded its acquisition of Demilec, one of the leading manufacturers of spray polyurethane (SPF) insulation systems in North America in April of 2018. Demilec's acquisition is in keeping with the stated strategy of Huntsman to expand its downstream Polyurethane business and use its worldwide platform to expand Demilec's SPF formulations portfolio to global markets.
- Emergence of Zero Energy Buildings
In accordance with international energy conservation code, the US Zero Energy Ready Home Program has laid down standard criteria. In national program initiatives, building codes have a criterion to be qualified by constructing energy-efficient buildings with an efficiency between 40% and 50% compared to other houses.
- Introduction of Bio Based Polyols
Due to their sustainability, organic or bio-based polyols constitute promising substitutes for petrochemical polyols. A mix of petroleum polyol and commercial soy polyols with various hydroxyl numbers and functions was successfully produced for flexible foams. The potential replacements of conventional flexible polyurethane foams with organic foams may be seen in order to reduce vibration, noise pollution and thus increase the comfort of aircrafts and automobiles in the coming years.
Prominent players operating in the global flexible Foam market are Microchip, ROHM Semiconductor, Semtech, RICOH Electronics, and Eaton.
Global Flexible Foam Market: Key Growth Dynamics
Polyurethane is extensively used in interior automotive components, in bedding and polishing and in building thermal insulation. Features like improved coiling, light weight, longevity, shorter installation time, greater shelf life and resilience are among the key features that will drive demand for flexible polyurethane foam. Applications have been diversified through technological progress in flexible foam materials.
Growing demand in both developed and developed economies for viscoelastic and memory foam in mattress and bedding products is boosting flexible foam market growth. The demand for flexible foam in the automotive industry also drives growing concerns about safety and comfort. These factors should lead to a stable growth rate during the forecast period on this market.
Global Flexible Foam Market: Regional Outlook
On account of high demand for flexible foams across several industries including the automotive, equipment and healthcare industries the Asia Pacific region is expected to witness fastest growth during the projection period. The growing demand for infrastructure, furnishings and automobiles in the Middle East and Africa (MEA) region are expected to stimulate growth over the projected period.
Manufacturing in many European countries has, due to volatile economic conditions and price increases in raw materials, seen relatively slow growth over the past two years. The growth potential of flexible foam market in this region has been hindered by such stagnant conditions in the European manufacturing sector.
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