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FURNITURE FOAM MARKET ANALYSIS

Furniture Foam Market<br>

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FURNITURE FOAM MARKET ANALYSIS

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. FURNITURE FOAM MARKET ANALYSIS Furniture Foam Market, by Product Type (Polyurethane Foam, Latex Foam, and Others), by Category (Rigid & Flexible), by Application (Residential Furniture and Commercial Furniture) and by Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  3. Furniture foam offers both functional as well as aesthetic benefits in the manufacturing of residential & commercial furniture products such as sofas, chairs, recliners etc. Foam properties such as density, firmness, compression module, flex fatigue, resilience decides the type of foam used for developing upholstery that provides proper comfort. • MARKET DYNAMICS • Favorable growth of the tourism & hospitality industry globally is boosting demand for luxury furniture which is projected to drive growth of global furniture foam market throughout the forecast period. For instance, according to India Brand Equity Foundation's report, the hotel & tourism sector in India received Foreign Direct Investment of US$ 12.35 billion during the period of April 2000 to March 2019. • Wood accounted for major share among raw material used in the manufacturing of furniture. Many forest-based industries are highly dependent on supply of wood from forest departments. Due to rising environmental concerns, forest departments have restricted supply of wood to these industries. Also, the complexity of wood harvesting in terms of process and production cost is a major challenge in front of furniture manufacturers.

  4. Market Outlook:  • Among product type, polyurethane foam segment accounted for largest market share in the global furniture foam market in 2018. Properties such as resilience, strength, comfort & durability makes polyurethane foam a preferred choice for manufacturing furniture. Moreover, polyurethane foam is cost-efficient and lasts for a longer time compared to other foam materials. • Among category, flexible foam segment held major share in the global market in 2018. Flexible foam is light & comfortable and can be designed in any variety of shape & firmness. Therefore, the segment is projected to maintain its dominance in the near future. • Asia Pacific is expected to be the fastest growing region in the global furniture foam market during the forecast period. Increasing investments by leading furniture manufacturers in emerging economies such as India and China are projected to create growth opportunity for players operating in the Asia Pacific furniture foam market. For instance, in 2018, IKEA, the world’s largest furniture retailer, opened its first retail store in India and is planning to open more 24 stores across the country by the end of 2025.  

  5. Key Players: • Key players operating in the global furniture foam market include Foam Factory Inc., Future Foam Inc., FXI, Grand Rapids Foam Technologies, G&B Foam (High Wycombe) Ltd., SINOMAX, Lensyl Products Limited, Southern Foam, Flexipol Foams Pvt. Ltd., KTT Enterprises among others • Leading players are investing in the global furniture foam market to meet rising demand from consumers. For instance, in January 2019, Future Foam Inc., a supplier of furniture & bedding, announced plans to invest US$ 8.5 million to expand its manufacturing plant at 1300 Prospect Street in Iowa, U.S.    • Market Taxonomy: • On the basis of product type, the global furniture foam market is segmented into: • Polyurethane Foam • Latex Foam • Others

  6. On basis of category, the global furniture foam market is segmented into: • Rigid • Flexible • On basis of application, the global furniture foam market is segmented into: • Residential Furniture • Commercial Furniture • On the basis of region, the global furniture foam market is segmented into: • Asia Pacific • China • India • Japan • ASEAN • Australia • South Korea • Rest of Asia Pacific

  7. North America • U.S. • Canada • Mexico • Europe • U.K. • Germany • France • Italy • Russia • Rest of the Europe

  8. South America • Brazil • Argentina • Rest of South America • Middle East • GCC • Israel • Rest of Middle East • Africa • North Africa • Central Africa • South Africa

  9. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now • Reference : https://www.coherentmarketinsights.com/ongoing-insight/furniture-foam-market-3163

  10. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  11. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-67 Email : sales@coherentmarketinsights.com

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