FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 3523
Companies: 11 – Players covered include BASF SE; Bayer AG; DowDupont Inc.; Huntsman International LLC; JSP Corporation; Recticel AB; Rogers Corporation; Sekisui Alveo AG; The Woodbridge Group; UBE Industries Ltd.; Zotefoams PLC and Others.
Coverage: All major geographies and key segments
Segments: Application (Insulation, Furnishings & Beddings, Automotive Interiors, Packaging, Other Applications); Type (Polyurethane, Polyethylene, Polypropylene)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Flexible Foam Market to Reach $56.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Flexible Foam estimated at US$41.7 Billion in the year 2020, is projected to reach a revised size of US$56.1 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Polyurethane, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$31.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polyethylene segment is readjusted to a revised 4.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $12 Billion in 2021, While China is Forecast to Reach $11.2 Billion by 2026
The Flexible Foam market in the U.S. is estimated at US$12 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.2 Billion by the year 2026 trailing a CAGR of 7.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Polypropylene Segment to Reach US$13.7 Billion by the year 2026
In the global Polypropylene segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.5 Billion in the year 2020 will reach a projected size of US$10.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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