Flexible Foam Market to Garner $61.3 Billion, Globally, By 2027 at 5.2% CAGR, Says Allied Market Research - Seite 2

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The packaging segment to portray highest CAGR through 2027-

By application, the packaging segment is expected to manifest the fastest CAGR of 7.0% during the forecast period, owing to increased adoption of composite packaging in various industries. However, the furniture & bedding segment held the largest share in 2019, accounting for more than three-fifths of the global flexible foam market, as the furniture industry demands flexible foam to make furniture more durable, supportive, and comfortable.

Asia-Pacific, followed by Europe and North America, held the largest share-

By region, the global flexible foam market across Asia-Pacific held the largest share in 2019, contributing to nearly half of the market. Moreover, the region is expected to register the highest CAGR of 5.6% during the forecast period, due to presence of diverse end-use industries in various regions including packaging, automotive, and packaging industries. On the other hand, the market across North America is expected to register a CAGR of 4.7% during the forecast period.

Major market players

• BASF SE
• Sekisui Chemical Co. Ltd.
• Rogers Corporation
• The Woodbridge Group
• The Dow Chemical Company

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