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)
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)
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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.
Table of Content
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
List of Tables
Table 1. Asia Pacific Molded Foam Market Segmentation
Table 2. List of Raw Material Suppliers
Table 3. List of Manufacturers
Table 4. Asia Pacific Molded Foam Market Volume and Forecasts To 2030 (Kilo Tons)
Table 5. Asia Pacific Molded Foam Market Revenue and Forecasts To 2030 (US$ Million)
Table 6. Asia Pacific Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - Type
Table 7. Asia Pacific Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - Form
Table 8. Asia Pacific Molded Foam Market Volume and Forecasts To 2030 (Kilo Tons) - Material
Table 9. Asia Pacific Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - Material
Table 10. Asia Pacific Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - Application
Table 11. Australia Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 12. Australia Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Form
Table 13. Australia Molded Foam Market Volume and Forecasts To 2030 (Kilo Tons) - By Material
Table 14. Australia Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Material
Table 15. Australia Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 16. China Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 17. China Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Form
Table 18. China Molded Foam Market Volume and Forecasts To 2030 (Kilo Tons) - By Material
Table 19. China Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Material
Table 20. China Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 21. India Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 22. India Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Form
Table 23. India Molded Foam Market Volume and Forecasts To 2030 (Kilo Tons) - By Material
Table 24. India Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Material
Table 25. India Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 26. Japan Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 27. Japan Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Form
Table 28. Japan Molded Foam Market Volume and Forecasts To 2030 (Kilo Tons) - By Material
Table 29. Japan Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Material
Table 30. Japan Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 31. South Korea Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 32. South Korea Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Form
Table 33. South Korea Molded Foam Market Revenue and Forecasts To 2030 (Kilo Ton) - By Material
Table 34. South Korea Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Material
Table 35. South Korea Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 36. Rest of Asia Pacific Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 37. Rest of Asia Pacific Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Form
Table 38. Rest of Asia Pacific Molded Foam Market Volume and Forecasts To 2030 (Kilo Tons) - By Material
Table 39. Rest of Asia Pacific Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Material
Table 40. Rest of Asia Pacific Molded Foam Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 41. Company Positioning & Concentration
List of Figures
Figure 1. Asia Pacific Molded Foam Market Segmentation, By Country
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Molded Foam Market
Figure 4. Market Dynamics: Asia Pacific Molded Foam Market
Figure 5. Asia Pacific Molded Foam Market Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Molded Foam Market Volume (Kilo Tons), 2020 - 2030
Figure 7. Asia Pacific Molded Foam Market Revenue (US$ Million), 2020 - 2030
Figure 8. Asia Pacific Molded Foam Market Share (%) - Type, 2022 and 2030
Figure 9. Closed Cell Foam Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. High Resilience Foam Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Integral Skins Foam Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Memory Foam Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Asia Pacific Molded Foam Market Share (%) - Form, 2022 and 2030
Figure 15. Rigid Foam Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Flexible Foam Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Asia Pacific Molded Foam Market Share (%) - Material, 2022 and 2030
Figure 18. Expanded Polystyrene Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 19. Expanded Polystyrene Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Polyurethane Foam Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 21. Polyurethane Foam Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Expanded Polyethylene Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 23. Expanded Polyethylene Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Expanded Polypropylene Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 25. Expanded Polypropylene Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Others Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 27. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. Asia Pacific Molded Foam Market Share (%) - Application, 2022 and 2030
Figure 29. Seating and Furniture Market Revenue and Forecasts To 2030 (US$ Million)
Figure 30. Automotive Interior Market Revenue and Forecasts To 2030 (US$ Million)
Figure 31. Bedding and Mattresses Market Revenue and Forecasts To 2030 (US$ Million)
Figure 32. Footwear Market Revenue and Forecasts To 2030 (US$ Million)
Figure 33. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 34. Asia Pacific Molded Foam Market , by Key Country- Revenue (2022) (US$ Million)
Figure 35. Asia Pacific Molded Foam Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 36. Australia Molded Foam Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 37. Australia Molded Foam Market Revenue and Forecasts To 2030 (US$ Million)
Figure 38. China Molded Foam Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 39. China Molded Foam Market Revenue and Forecasts To 2030 (US$ Million)
Figure 40. India Molded Foam Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 41. India Molded Foam Market Revenue and Forecasts To 2030 (US$ Million)
Figure 42. Japan Molded Foam Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 43. Japan Molded Foam Market Revenue and Forecasts To 2030 (US$ Million)
Figure 44. South Korea Molded Foam Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 45. South Korea Molded Foam Market Revenue and Forecasts To 2030 (US$ Million)
Figure 46. Rest of Asia Pacific Molded Foam Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 47. Rest of Asia Pacific Molded Foam Market Revenue and Forecasts To 2030 (US$ Million)
1. Carpenter Co
2. Sheela Foam Ltd
3. Sinomax Group Ltd
4. Woodbridge Foam Corp
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific molded foam market .
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific molded foam market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.