North America Flexible Foam Market Size

North America Flexible Foam Market Size

North America Flexible Foam Market size was valued at USD 7.60 billion in 2021 and is estimated to exhibit a CAGR of 5.8% from 2022 to 2028 owing to the rapidly growing furniture industry. In terms of volume, the market is projected to record 3.9% CAGR while reaching 3,670.6 Kilo Tons.

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Flexible foam finds extensive uses across various end use industries. In furniture & upholstery, the product is rapidly replacing traditional materials such as rubberized coir and cotton. Also, furniture & upholstery along with the automotive industry has become profitable avenues for industry participants as flexible foam emerged as the cushioning material of choice among both manufacturers & consumers.

Technological advancements that enable the development of flexible foams that are lightweight, durable, and better-insulated will fuel the product adoption in the sector. The product has the ability to integrate aesthetics with functionality in several types of furniture and upholstery such as home & office furniture, chairs, pillows, designer sofas, public seating in stadiums, cinema houses, airports, etc., steering the demand in the industry. In addition, the shifting preferences toward foam mattresses over spring mattresses among consumers will drive the North America flexible foam market share.

Infrastructure development and residential and commercial sector expansion are driving the North America flexible foam market forward. Furthermore, continued technological developments and the expansion of flexible foam manufacturers into the United States, Canada, and Mexico will have a favorable impact on the construction sector. The demand for furniture is likely to increase as residential development activities increase. Flexible foam is widely utilized in the furniture business as a cushioning material for upholstered furniture.