LONDON--(BUSINESS WIRE)--The flexible foam market is expected to grow by USD 12.36 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the flexible foam market in optimistic, probable, and pessimistic forecast scenarios.
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The flexible foam market will witness a Neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Flexible Foam Market Participants:
BASF SE operates its business under various segments such as chemicals, performance products, functional materials & solutions, agricultural solutions, and other. The company manufactures polyurethane flexible foams.
Covestro AG operates its business under four segments, which include polyurethanes, polycarbonates, coatings, adhesives, specialties, and others. The company offers toluene diisocyanate, diphenylmethane diisocyanate, and polyether polysol based flexible foam, which are used in furniture production, construction, and in the automotive industry.
Huntsman Corp. operates its business under various segments such as polyurethanes, performance products, performance products, and textile effects. The company manufactures polyurethane flexible foams. It produces MDI based polyurethane for the elastomers, adhesives, and paints and coatings industries.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/flexible-foam-market-industry-analysis
Flexible Foam Market 2020-2024: Segmentation
Flexible foam market is segmented as below:
- Polyurethane Foams
- Polyethylene Flexible Foams
- Polypropylene Flexible Foams
- North America
- South America
The flexible foam market is driven by high demand from emerging economies. In addition, other factors such as growth in the bedding and furniture industry driven by the expanding population is expected to trigger the flexible foam market toward witnessing a CAGR of over 5% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.