Flexible Polyurethane Foam Companies, Corporate Milestones, Corporate Growth and Development Strategy, Mergers and Acquisitions (M&A), Intellectual Property (IP) Portfolio Management, Market Trends Analysis, Leadership Alignment with Trends

Flexible Polyurethane Foam Companies and Competitive Landscape

The global flexible polyurethane foam market size reached US$ 5.60 billion in 2023 and is projected to hit around US$ 10.86 billion by 2034, expanding at a CAGR of 6.20% during the forecast period from 2024 to 2034.

New Advancements in Flexible Polyurethane Foam Industry

• In January 2024, Joyce Foam Products has been at the forefront of the Australian industry due to company’s dedication to eco-friendly, clean production. The company announced the recent acquisition of the Spanish company Interplasp by Joyce's parent company, Sheela Group. Interplasp is a prominent producer of flexible polyurethane foam in Europe. The acquisition will strengthen the Group's standing as one of the biggest and most prosperous foam production companies globally. Additionally, it allows Joyce to exchange resources, inventions, and information globally.
• On November, 15, 2024, Nike, footwear and clotting brand comes back to the 3D printed footwear market, with the release of the Nike Air Max 1000 made up of flexible polyurethane foam a ground-breaking sneaker developed in partnership with Zellerfeld Shoe Company Inc.'s 3D printed footwear specialists.
• In May 2024, A consortium creates a novel idea for recycling polyurethane mattress foams that have reached the end of their useful lives. When developing a new material cycle for flexible polyurethane (PU) foam from used mattresses, material efficiency is the primary goal. Covestro has been collaborating with the French company Ecomaison to deploy its chemical recycling technology for the collection and recycling of unwanted furniture. This sophisticated method allows for the recovery of both the polyol and the precursor to the isocyanate TDI, which were the initial raw ingredients.
• In June 2022, Mitsui Chemicals, Inc. and Microwave Chemical Co., Ltd. have started a new project with the goal of leveraging microwave technology to commercialize the chemical recycling of flexible polyurethane foam. By breaking down leftover foam used to make mattresses and other products, the idea directly produces raw materials.

Flexible Polyurethane Foam Market Key Players

• Huntsman Corporation
• The Dow Chemical Company
• BASF SE
• Sekisui Chemical Co., Ltd.
• Trelleborg AG
• Future Foam, Inc
• Elliott Co. of Indianapolis, Inc.
• Recticel S.A.
• Foamcraft, Inc.
• UFP Technologies, Inc.
• Rogers Corporation
• Wanhua Chemical Group Co., Ltd.
• Saint-Gobain S.A.

U.S. Import Data - Flexible Polyurethane Foam

Latest Announcements by Flexible Polyurethane Foam Industry Leaders

• In January 2024, According to Hang Xu, vice president of Evonik's Comfort & Insulation business line in Asia, the continuous demand rise in China is being driven by middle-class consumers' desire for higher living standards as well as the downstream focus on sustainability. Recognizing this momentum, the company anticipate providing local clients with innovations that uphold high performance profiles while fostering a more sustainable polyurethane industry.

At PU China 2024 in Shanghai, July 17–19, 2024 Evonik presented its newest additives and a broad range of cutting-edge technology for the polyurethane (PU) sector. Evonik, a prominent industry partner with decades of experience, provides a wide range of additives, including release agents, surfactants, catalysts, curatives, and performance additives. At the event, Evonik introduced its new Low Carbon Footprint (LCF) grades, which are intended to drastically lower the carbon footprint of formulations. Evonik is dedicated to helping its clients and partners better satisfy the changing needs of the market by spearheading the transition to next-generation goods and technologies based on renewable raw resources.