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Wood Foam Market Size
- Report ID: GMI5666
- Published Date: May 2023
- Report Format: PDF
Wood Foam Market Size
Wood Foam Market size reached USD 230 million in 2022 and is progress at over 6.5% CAGR from 2023 to 2032.
The wood foam demand is fueled by the increasing popularity of online sales channels globally. The rise in internet users and e-commerce businesses will contribute to market growth. Similarly, consistent R&D in the field of wood foam is fueling the industry outlook.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Wood Foam Market Size in 2022: | USD 230 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.6% |
| 2032 Value Projection: | USD 435 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 259 |
| Segments covered: | Type, Application, End-Use |
| Growth Drivers: |
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Stringent policies and regulations related to safe handling of product are major factors restraining market growth. The Occupational Safety and Health Administration (OSHA) has established permissible exposure limits (PELs) for certain wood dust generated during the production of wood foam. These PELs depend on specific kinds of wood to protect workers from health hazards. Nonetheless, the growing demand for furniture across the world is propelling wood foam market demand. As per Volza Furniture Export Import data, Vietnam accounted for over 7,800 shipments, and shipments in the U.S. stood at more than 6,900 in the first quarter of 2023.
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Wood Foam Market Scope
