The Europe molded foam market was valued at US$ 2,947.52 million in 2022 and is expected to reach US$ 5,028.99 million by 2030; it is estimated to grow at a CAGR of 6.9% from 2022 to 2030.
Increasing Demand for Furniture Products Fuels the Europe Molded Foam Market
Consumers are increasingly enhancing indoor and outdoor spaces and prefer different furniture products. Therefore, there is a high demand for advanced furniture products with appealing designs suitable for gardens, balconies, and outside porches. Also, demand for modular sofas is rising due to their functionality. Old residential building renovation projects and new construction activities have bolstered the demand for furniture products such as tables, chairs, and combination sets. Moreover, many people started working from home after the emergence of COVID-19 pandemic. Consumers spend significant time at home and decorate spaces, so they prefer furniture products that provide relaxation and comfort. Hence, the increasing consumer focus on modifying indoor and outdoor spaces in residential buildings is driving the demand for furniture products.
The hospitality industry is huge, diverse, and expanding across the world. The industry is growing due to the rising number of international travelers, economic growth, and other factors. The expanding hospitality industry creates a huge demand for furniture products such as sofas, chairs, and others. The demand for furniture products is increasing in the hotel/restaurant/catering (HoReCa) sector to enhance the aesthetic appeal of indoor and outdoor spaces and cater to the needs of consumers. Different types of molded foams are used in furniture applications due to their unique combination of comfort, durability, and design flexibility. Thus, the growing demand for furniture products fuels the need for molded foams.
Europe Molded Foam Market Overview
Europe molded foam market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Europe molded foam market in Europe has also seen significant growth in recent years, with several key players investing in research and development to introduce innovative products and stay ahead of the competition. The automotive industry is one of the largest end-users of molded foam products in Europe, with several manufacturers introducing innovative products to cater to this market. For instance, in 2020, BASF SE launched a new range of molded foam products for use in automotive interiors and other applications. Construction is another key market for molded foam products in Europe, with several manufacturers offering solutions for insulation and soundproofing. In 2020, the Netherlands-based company Synbra launched a new line of molded foam insulation products for use in residential and commercial buildings. Similarly, in 2019, Germany-based company Armacell introduced a new range of molded foam products for use in HV systems that offer superior thermal and insulation properties. Thus, the increased demand for high-quality molded foam in the automotive, construction, and healthcare sector also drive the demand for molded foam in the region.
Europe Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
Europe Molded Foam Market Segmentation
The Europe molded foam market is segmented into type, form, material, application, and country.
Based on type, the Europe molded foam market is segmented into closed cell foam, high resilience foam, integral skins foam, memory foam, and others. The closed cell foam market segment held the largest share in 2022.
In terms of form, the Europe molded foam market is categorized into rigid foam and flexible foam. The flexible foam segment held a larger share in 2022.
Based on material, the Europe molded foam market is divided into expanded polystyrene, polyurethane foam, expanded polyethylene, expanded polypropylene, and others. The polyurethane foam segment held the largest share in 2022.
By application, the Europe molded foam market is segmented into seating and furniture, automotive interior, bedding and mattresses, footwear, and others. The bedding and mattresses segment held the largest share in 2022.
Based on country, the Europe molded foam market is segmented Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe molded foam market in 2022.
Carpenter Co, CT Formpolster GmbH, Sheela Foam Ltd, Superlon Baltic UAB, Vita (Holdings) Ltd, and Woodbridge Foam Corp are some of the leading companies operating in the Europe molded foam market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 2,947.52 Million |
| Market Size by 2030 | US$ 5,028.99 Million |
| CAGR (2022 - 2030) | 6.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
1. Carpenter Co
2. CT Formpolster GmbH
3. Sheela Foam Ltd
4. Superlon Baltic UAB
5. Vita (Holdings) Ltd
6. Woodbridge Foam Corp
The Europe Molded Foam Market is valued at US$ 2,947.52 Million in 2022, it is projected to reach US$ 5,028.99 Million by 2030.
As per our report Europe Molded Foam Market, the market size is valued at US$ 2,947.52 Million in 2022, projecting it to reach US$ 5,028.99 Million by 2030. This translates to a CAGR of approximately 6.9% during the forecast period.
The Europe Molded Foam Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Molded Foam Market report:
The Europe Molded Foam Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Molded Foam Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Molded Foam Market value chain can benefit from the information contained in a comprehensive market report.
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