Furniture Foam Market Size, Share & Industry Analysis, By Type (Polyurethane Foam, Latex Foam, Others), By Application (Chair, Sofa, Beds, Recliners, Others), By End Use (Building &Construction, Automotive, Hospitals, Others) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Furniture Foam is available in the form of polyurethane and latex foam. It is flexible and provides a comfortable feel for the consumer. The furniture foam is also available in different sizes and shapes based on the requirement. Furthermore, it is highly durable, dermatologically friendly, mildew resistant, and versatile. Its lightweight property makes it easy to carry during transportation. Its attractive looks in the form of chair, sofa, bed, and recliners provide a luxurious feel, which is one of the important factors that drive the product demand. Furniture Foams finds its use in building & construction industry, hospitals, and automotive industry.
The rising demand for polyurethane foam for furniture in the automotive and building & construction industries will fuel the market growth. The polyurethane foam offers a high level of freedom in geometric design and also offers durability, lightweight, recyclability, and resistance to corrosion & vibration. These properties surge their demand in the various automotive applications such as airbags, gasket seals, seat cushions, and cushioned instrument panels. Whereas, the rising residential and commercial buildings will surge the demand for polyurethane foam in the construction industry. Hence, the rising demand for polyurethane foam for furniture manufacturing will surge the need for foam. Hence, this is anticipated to drive the market growth during the forecast period.
However, furniture foam is costlier than wood and iron-based furniture. This reduces its demand and makes it unaffordable for many consumers to purchase foam-based products. Hence, this is anticipated to restrict the growth of the furniture foam market.
Key Market Driver -
Rising demand for polyurethane foam for furniture in the automotive and building & construction industries to drive the market growth
Key Market Restraint -
Availability of natural latex to restrict the market growth
Market Segmentation:
Based on type, the furniture foam market is segmented into polyurethane foam, latex foam, and others. Based on application, the market is segmented into chair, sofa, beds, recliners, and others. Based on end-use industry, the market is segmented into building & construction, automotive, hospitals, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players Covered:
The key players in the furniture foam market includes Sheela Foam Limited., Soothing Company, Lowe's, Wayfair LLC, King Furniture Australia Pty Ltd., Clark Rubber, Mandaue Foam Philippines., ADMET, YANKO DESIGN, and Draka Interfoam B.V.
Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios
- Porters Five Forces Analysis
Regional Analysis:
The rising demand for furniture foam can be seen in the Asia Pacific and anticipated to witness the highest growth during the forecast period. The growth is attributed to the rising demand for the product in the building & construction industry. The rapidly growing automotive industry will fuel the demand for polyurethane furniture foam in Europe. In which Germany and UK are the leading countries. In North America, the growth is due to rising product demand in hospitals. The Middle East & Africa and Latin America are anticipated to witness significant growth, owing to the rising latex furniture foam adoption in the sofa and beds.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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