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Asia Pacific Molded Foam Market Forecast to 2030 - Regional Analysis - by Type (Closed Cell Foam, High Resilience Foam, Integral Skins Foam, Memory Foam, and Others), Form (Rigid Foam and Flexible Foam), Material (Expanded Polystyrene, Polyurethane Foam, Expanded Polyethylene, Expanded Polypropylene, and Others), and Application (Seating and Furniture, Automotive Interior, Bedding and Mattresses, Footwear, and Others)

February 2024 | 97 pages | ID: A71AF4098DB1EN
The Insight Partners

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The Asia Pacific molded foam market was valued at US$ 5,191.01 million in 2022 and is expected to reach US$ 9,069.20 million by 2030; it is estimated to grow at a CAGR of 7.2% from 2022 to 2030.
Growing Footwear Industry Fuels the Asia Pacific Molded Foam Market
In recent years, the footwear industry has grown gradually due to rising per capita income of consumers and growing popularity of different footwear products among consumers. Also, the increasing participation of people in different sport events is creating a demand for sports accessories such as clothing, sunglasses, and sports footwear. Further, the growth of the footwear industry is fueled by factors such as the transformation of footwear from a utilitarian item to a fashion statement, increasing penetration of exclusive brand outlets, and rising online sales of footwear products. In sport and safety shoe manufacturing, polyurethane foam is an essential material in making molded insoles, footbed, and sockliners. Closed cell polyurethane is a commonly used foam to make durable midsoles for hiking boots. Open cell polyurethane foam is most often used in sports shoe making. They are also used to make tongue and collar foams. Therefore, the growing footwear industry is expected to offer lucrative opportunities for the molded foam market over the coming years.
Asia Pacific Molded Foam Market Overview
Asia Pacific is the largest continent in the world and is renowned for its varied culture. China, Japan, India, South Korea, and Australia are among the major economies in the Asia Pacific region. These emerging nations are recording a rise in the middle-class population, coupled with growth in urbanization. China dominates the regional market, followed by countries such as Japan, India, Vietnam, and South Korea. Commercial places and residential units are the major end users of molded foam in these countries. The burgeoning furniture industry is poised to catalyze the molded foam market growth in Asia Pacific. The quest for comfort and aesthetics is paramount in the modern furniture landscape. Consumers are increasingly looking for furniture that enhances the visual appeal of their living spaces and offers unparalleled comfort. Molded foam, with its ability to provide a harmonious blend of comfort and aesthetic appeal, emerges as an ideal choice for upholstery and cushioning in furniture manufacturing. In addition, molded foam is a versatile material used in packaging, insulation, and cushioning, making it an essential component in manufacturing consumer goods such as electronics and appliances.
Further, the automotive industry's expansion in Asia Pacific, with major global automakers establishing manufacturing facilities, is another factor aiding the growth of the molded foam market. Molded foam is extensively used in the automotive sector for vehicle interiors, seats, and insulation, making it indispensable to the industry's success. According to the International Organization of Motor Vehicle Manufacturers (OICA), Asia-Oceania's vehicle production increased from 46.8 million in 2021 to 50.0 million in 2022. The development of automotive interior parts in the region coupled with the rise of electric vehicle production is expected to create lucrative opportunities for molded foam. All these factors are propelling the growth of the molded foam market in Asia Pacific.
Asia Pacific Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Molded Foam Market Segmentation
The Asia Pacific molded foam market is segmented into type, form, material, application, and country.
Based on type, the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific molded foam market is segmented Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific molded foam market in 2022.
Carpenter Co, Sheela Foam Ltd, Sinomax Group Ltd, and Woodbridge Foam Corp are some of the leading companies operating in the Asia Pacific molded foam market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness
  2.2.1 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. ASIA PACIFIC MOLDED FOAM MARKET LANDSCAPE

4.1 Overview
4.2 Porter's Five Forces Analysis
  4.2.1 Bargaining Power of Suppliers
  4.2.2 Bargaining Power of Buyers
  4.2.3 Threat of New Entrants
  4.2.4 Intensity of Competitive Rivalry
  4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
  4.3.1 List of Vendors in the Value Chain

5. ASIA PACIFIC MOLDED FOAM MARKET - KEY MARKET DYNAMICS

5.1 Market Drivers
  5.1.1 Robust Growth of Automotive Industry
  5.1.2 Increasing Demand for Furniture Products
5.2 Market Restraints
  5.2.1 Harmful Impact of Raw Materials on Environment
5.3 Market Opportunities
  5.3.1 Growing Footwear Industry
5.4 Future Trends
  5.4.1 Focus on Developing Sustainable Solutions
5.5 Impact Analysis

6. MOLDED FOAM MARKET - ASIA PACIFIC MARKET ANALYSIS

6.1 Overview
6.2 Asia Pacific Molded Foam Market Volume (Kilo Tons)
6.3 Asia Pacific Molded Foam Market Revenue (US$ Million)
6.4 Asia Pacific Molded Foam Market Forecast and Analysis

7. ASIA PACIFIC MOLDED FOAM MARKET ANALYSIS - TYPE

7.1 Closed Cell Foam
  7.1.1 Overview
  7.1.2 Closed Cell Foam Market Revenue and Forecast to 2030 (US$ Million)
7.2 High Resilience Foam
  7.2.1 Overview
  7.2.2 High Resilience Foam Market Revenue and Forecast to 2030 (US$ Million)
7.3 Integral Skins Foam
  7.3.1 Overview
  7.3.2 Integral Skins Foam Market Revenue and Forecast to 2030 (US$ Million)
7.4 Memory Foam
  7.4.1 Overview
  7.4.2 Memory Foam Market Revenue and Forecast to 2030 (US$ Million)
7.5 Others
  7.5.1 Overview
  7.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)

8. ASIA PACIFIC MOLDED FOAM MARKET ANALYSIS - FORM

8.1 Rigid Foam
  8.1.1 Overview
  8.1.2 Rigid Foam Market Revenue and Forecast to 2030 (US$ Million)
8.2 Flexible Foam
  8.2.1 Overview
  8.2.2 Flexible Foam Market Revenue and Forecast to 2030 (US$ Million)

9. ASIA PACIFIC MOLDED FOAM MARKET ANALYSIS - MATERIAL

9.1 Expanded Polystyrene
  9.1.1 Overview
  9.1.2 Expanded Polystyrene Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
9.2 Polyurethane Foam
  9.2.1 Overview
  9.2.2 Polyurethane Foam Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
9.3 Expanded Polyethylene
  9.3.1 Overview
  9.3.2 Expanded Polyethylene Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
9.4 Expanded Polypropylene
  9.4.1 Overview
  9.4.2 Expanded Polypropylene Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
9.5 Others
  9.5.1 Overview
  9.5.2 Others Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)

10. ASIA PACIFIC MOLDED FOAM MARKET ANALYSIS - APPLICATION

10.1 Seating and Furniture
  10.1.1 Overview
  10.1.2 Seating and Furniture Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Automotive Interior
  10.2.1 Overview
  10.2.2 Automotive Interior Market Revenue and Forecast to 2030 (US$ Million)
10.3 Bedding and Mattresses
  10.3.1 Overview
  10.3.2 Bedding and Mattresses Market Revenue and Forecast to 2030 (US$ Million)
10.4 Footwear
  10.4.1 Overview
  10.4.2 Footwear Market Revenue and Forecast to 2030 (US$ Million)
10.5 Others
  10.5.1 Overview
  10.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)

11. ASIA PACIFIC MOLDED FOAM MARKET - COUNTRY ANALYSIS

11.1 Asia Pacific Molded Foam Market, by Key Country- Revenue (2022) (US$ Million)
  11.1.1 Asia Pacific Molded Foam Market Revenue and Forecasts and Analysis - By Countries
    11.1.1.1 Asia Pacific Molded Foam Market Breakdown by Country
    11.1.1.2 Australia Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
    11.1.1.3 Australia Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
      11.1.1.3.1 Australia Molded Foam Market Breakdown by Type
      11.1.1.3.2 Australia Molded Foam Market Breakdown by Form
      11.1.1.3.3 Australia Molded Foam Market Breakdown by Material
      11.1.1.3.4 Australia Molded Foam Market Breakdown by Material
      11.1.1.3.5 Australia Molded Foam Market Breakdown by Application
    11.1.1.4 China Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
    11.1.1.5 China Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
      11.1.1.5.1 China Molded Foam Market Breakdown by Type
      11.1.1.5.2 China Molded Foam Market Breakdown by Form
      11.1.1.5.3 China Molded Foam Market Breakdown by Material
      11.1.1.5.4 China Molded Foam Market Breakdown by Material
      11.1.1.5.5 China Molded Foam Market Breakdown by Application
    11.1.1.6 India Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
    11.1.1.7 India Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
      11.1.1.7.1 India Molded Foam Market Breakdown by Type
      11.1.1.7.2 India Molded Foam Market Breakdown by Form
      11.1.1.7.3 India Molded Foam Market Breakdown by Material
      11.1.1.7.4 India Molded Foam Market Breakdown by Material
      11.1.1.7.5 India Molded Foam Market Breakdown by Application
    11.1.1.8 Japan Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
    11.1.1.9 Japan Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
      11.1.1.9.1 Japan Molded Foam Market Breakdown by Type
      11.1.1.9.2 Japan Molded Foam Market Breakdown by Form
      11.1.1.9.3 Japan Molded Foam Market Breakdown by Material
      11.1.1.9.4 Japan Molded Foam Market Breakdown by Material
      11.1.1.9.5 Japan Molded Foam Market Breakdown by Application
    11.1.1.10 South Korea Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
    11.1.1.11 South Korea Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
      11.1.1.11.1 South Korea Molded Foam Market Breakdown by Type
      11.1.1.11.2 South Korea Molded Foam Market Breakdown by Form
      11.1.1.11.3 South Korea Molded Foam Market Breakdown by Material
      11.1.1.11.4 South Korea Molded Foam Market Breakdown by Material
      11.1.1.11.5 South Korea Molded Foam Market Breakdown by Application
    11.1.1.12 Rest of Asia Pacific Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
    11.1.1.13 Rest of Asia Pacific Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
      11.1.1.13.1 Rest of Asia Pacific Molded Foam Market Breakdown by Type
      11.1.1.13.2 Rest of Asia Pacific Molded Foam Market Breakdown by Form
      11.1.1.13.3 Rest of Asia Pacific Molded Foam Market Breakdown by Material
      11.1.1.13.4 Rest of Asia Pacific Molded Foam Market Breakdown by Material
      11.1.1.13.5 Rest of Asia Pacific Molded Foam Market Breakdown by Application

12. COMPETITIVE LANDSCAPE

12.1 Heat Map Analysis By Key Players

13. INDUSTRY LANDSCAPE

13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition

14. COMPANY PROFILES

14.1 Carpenter Co
  14.1.1 Key Facts
  14.1.2 Business Description
  14.1.3 Products and Services
  14.1.4 Financial Overview
  14.1.5 SWOT Analysis
  14.1.6 Key Developments
14.2 Sheela Foam Ltd
  14.2.1 Key Facts
  14.2.2 Business Description
  14.2.3 Products and Services
  14.2.4 Financial Overview
  14.2.5 SWOT Analysis
  14.2.6 Key Developments
14.3 Sinomax Group Ltd
  14.3.1 Key Facts
  14.3.2 Business Description
  14.3.3 Products and Services
  14.3.4 Financial Overview
  14.3.5 SWOT Analysis
  14.3.6 Key Developments
14.4 Woodbridge Foam Corp
  14.4.1 Key Facts
  14.4.2 Business Description
  14.4.3 Products and Services
  14.4.4 Financial Overview
  14.4.5 SWOT Analysis
  14.4.6 Key Developments

15. APPENDIX



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