The growth of this market can be attributed to the increase in demand from automotive & transportation end uses and the rising demand for acoustic solutions in commercial buildings.
Flexible foam is the most widely consumed since it is soft, flexible, and resilient.
It can also be attributed to the consumption of these foams for manufacturing automotive, commercial building insulation, office equipment, and others due to their softness, moisture resistance, and high impact & mechanical properties.
Major companies such as BASF SE (Germany), Dow Inc. (US), SEKISUI CHEMICAL CO., LTD (Japan), Huntsman Corporation (US), Armacell International S. A. (Germany), LANXESS AG (Germany), Trelleborg AB (Sweden), Recticel NV/SA (Belgium), INOAC Corporation (Japan), UFP Technologies, Inc. (US), Wanhua Chemical Group Co., Ltd. (China), and The Woodbridge Group (US) are key players in the global technical foam market.
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