How Has the Furniture Foam Market Size Evolved in Recent Years?
The furniture foam market has seen considerable growth due to a variety of factors.
• There has been a notable growth in the furniture foam market size in the past few years. From $58.61 billion in 2024, it's projected to increase to $62.27 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.2%.
Factors contributing to this growth during the historical period include: increasing demand for durable and comfortable furniture, a rise in consumer inclination towards customizable furniture solutions, growing disposable incomes leading to higher expenditure on home furniture, expansion of the real estate sector boosting furniture purchases, and an increase in the understanding of health advantages linked to high-quality foam products.
What are the Market Size and Expected Growth Rates for the Furniture Foam Market?
The furniture foam market is expected to maintain its strong growth trajectory in upcoming years.
• We anticipate robust expansion in the furniture foam market over the next few years. The market is expected to rise to $78.9 billion in 2029 with a compound annual growth rate (CAGR) of 6.1%.
The forecast for growth is attributable to several factors: the growth of e-commerce platforms that streamline furniture buying, the rise in home refurbishment and interior design projects, increased emphasis on sustainable and environmentally-friendly furniture materials, the development of the hospitality and healthcare sectors which need specialized foam solutions, and advancements in foam technology that enhance product performance and comfort. Key trends during the forecast period include increasing popularity of memory foam and gel-infused products, rising technological integration in furniture designs, a growing fondness for modular and multifunctional furniture, the development of online retail channels for foam products, and an increased emphasis on recycling and sustainable manufacturing methods in the foam industry.
Which Key Drivers Are Propelling The Furniture Foam Market's Growth?
The upswing in residential and commercial construction projects is predicted to fuel the expansion of the furniture foam market. Residential buildings, such as houses, condos, and apartments, are structures designed mainly for human habitation, while commercial buildings, like office spaces, retail outlets, and warehouses, are utilized for business operations. The surge in these construction projects is largely due to factors like economic progress, government policies and enticements, and recovery from the pandemic. Furniture foam, which adds comfort and durability to furniture and interior design settings, is widely employed in these building ventures for seating, mattresses, and cushions. For instance, data from Trading Economics, a U.S. economic tracker, revealed that approximately 621 thousand single-family residences sold in May 2024 rose to 668 thousand units in June and further grew to 739 thousand units in July, signaling a 7.6% rise from May to June, followed by an additional 10.6% advancement from June to July. Thus, the climbing numbers of residential and commercial constructions are steering the growth of the furniture foam market.
What Are The Key Segments Within The Global Furniture Foam Market?
The furniture foammarket covered in this report is segmented –
1) By Product Type: Polyurethane Foam, Latex Foam, Other Types
2) By Category: Rigid, Flexible
3) By Application: Chair, Sofa, Beds, Recliners, Other Applications
4) By End-Use: Building And Construction, Automotive, Hospitals, Other End-Uses
Subsegments:
1) By Polyurethane Foam: Flexible Polyurethane Foam, Rigid Polyurethane Foam, High-Density Polyurethane Foam, Low-Density Polyurethane Foam, Memory Foam
2) By Latex Foam: Natural Latex Foam, Synthetic Latex Foam, Blended Latex Foam, Talalay Latex Foam, Dunlop Latex Foam
3) By Other Types: Polyethylene Foam, EVA Foam (Ethylene Vinyl Acetate), Polyester Foam, Gel Foam, Fire-Retardant Foam
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What Emerging Trends Are Influencing The Growth Of The Furniture Foam Market?
Leading entities in the furniture foam market are prioritizing the development of innovative materials, such as recycled polyurethane (PU) foam, in order to gain a market edge. This type of foam, known as flexible polyurethane foam, is incredibly versatile and light, making it popular within a range of industries, including furniture, bedding, automotive, and packaging. It's produced through a chemical reaction involving polyols and diisocyanates, resulting in foam that is both flexible and durable. For example, in January 2024, The Vita Group, a UK-based firm specializing in flexible PU foam solutions, introduced their product Orbis. This particular flexible PU foam, partially crafted from recycled foam mattresses, represents an eco-friendly alternative. Orbis promises to reduce reliance on landfill or incineration, while retaining the quality, durability and comfort associated with traditional PU foam. The Vita Group emphasizes Orbis's role in reducing carbon emissions and fostering a circular economy, in line with international sustainability objectives. The foam, ideal for bedding and furniture uses, can be found on the market in standard ether and high-resilience foam types.
Who Are the Key Players In The Furniture Foam Market?
Major companies operating in the furniture foam market are:
• BASF SE
• The Dow Chemical Company
• Huntsman International LLC
• Carpenter Co.
• Recticel
• Future Foam Inc.
• Sheela Foam Ltd.
• Flexible Foam Products Inc.
• Foamcraft Inc.
• EPE International Ltd.
• Vitafoam Nigeria Plc
• Raunak Group
• Foam Products Corporation
• Cenflex
• COZILY
• Master Foam
• American Foam Products Inc.
• GIANTEX
• Forever Enterprises
• FEBERICA
• FOVERA
What Are The Regional Insights Into The Furniture Foam Market?
Asia-Pacific was the largest region in the furniture foam market in 2024. The regions covered in the furniture foam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
