Memory Foam Market Study Provides Latest Intelligence on Growth in 2021 and Beyond
Global Memory Foam supply-demand continues to be impacted by broader developments in the chemicals sector. The new Memory Foam market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2019 – 2029).
The study tracks Memory Foam demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Memory Foam in particular.
How will Memory Foam Sales Grow in 2021 and Beyond
The Memory Foam industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for Memory Foam will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.
Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Memory Foam Market Segmentation
The global memory foam market has been segmented into different segments based on density, types and applications of memory foam.
On the basis of density, the global memory foam market is be segmented as:
- Standard density (5 to 6 pounds per cubic foot)
- Ultra-High Density (18 to 30 pounds per cubic foot)
On the basis of type, the global memory foam market is be segmented as:
On the basis of applications, the global memory foam market is be segmented as:
- Pillows and Mattresses
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The Fact.MR study profiles the business, product and other key strategies of the leading Memory Foam companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use.
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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