Published Date : May 15, 2017
ALBANY, New York, May 15, 2017: A new report added to the repository of MarketResearchReports.biz gives a detailed assessment of the factors supporting or inhibiting the global flexible foams market’s trajectory. The report is titled “Global Flexible Foams Market 2017-2021,” and is available for sale on the company website. The global flexible foams market is chiefly expected to gain from the expansion of the bedding and furniture industry.
On account of factors including improved patient care, reduced mortality rate, decreasing child mortality, the global population is expected to rise at a higher rate. This, coupled with the recent medical advancements such as fertility treatment to increase birth rate and vaccines as protection against chronic ailments is responsible behind the huge population growth. The growing population will consequently fuel the demand for basic household needs such as upholstered furniture and bedding, which in turn will boost the global flexible foams market.
The report predicts, the global flexible foams market to exhibit a CAGR of 5.78% between 2017 and 2021. The report also identifies the growing focus on bio-based flexible packaging foams to have a positive influence on the overall market. In the next few years, the market is predicted to witness soaring production of bio-based flexible foams, as vendors are adopting technologies that will enable them eliminate harmful effects of chemicals on the environment. Additionally, an increasing number of vendors are substituting their current production techniques with more sustainable technologies to enhance their existing product portfolio with more number of green and economical products. Moreover, the rising research and development spending by these companies is expected to fuel the production of bio-based flexible foams. This has emerged as a chief driver of the global flexible foams market.
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Based on application, the global flexible foams market can be segmented into furniture and bedding, packaging, and transportation. Of these, the furniture and bedding segment held the dominant market share in 2016, on account of the rising demand for cushioning products spurred by a rising population. Besides this, the rising population of consumers across emerging nations and the subsequently increasing demand for luxury bedding and furniture are aiding the market’s expansion worldwide.
Flexible foams are also used as insulation materials due to the combination of low transfer heat and cost-benefits they offer. Considering the recent developments in the industrial sector, flexible foams are increasingly demanded by the chemicals and materials industry. The report provides a comprehensive overview of the most lucrative industrial segments that the market players should focus on.
Furthermore, it includes profiles of some of the most leading companies operating in the global flexible foams market. The report has identified companies such as the Dow Chemical, BASF, Huntsman, JSP, and Covestro as some of the leading vendors in the global flexible foams market. Other prominent vendor carrying their business in the global flexible foams market include Woodbridge Foam Corporation, FXI, Ube Industries, Recticel, Rogers Corporation, Vita Group, and Zotefoams. Recent policies adopted by the companies and their impact on the overall market are studied in detail to help readers get a better perspective of the global flexible foams market.
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