Furniture Foam Market Size 2025 And Growth Rate

The furniture foam market size has grown strongly in recent years. It will grow from $58.61 billion in 2024 to $62.27 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to the growing demand for comfortable and durable furniture, increasing consumer preference for customizable furniture solutions, rising disposable incomes leading to higher spending on home furnishings, growing real estate sector boosting furniture sales and increasing awareness of health benefits associated with high-quality foam products.

Furniture Foam Market Growth Forecast

The furniture foam market size is expected to see strong growth in the next few years. It will grow to $78.9 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to the expansion of e-commerce platforms facilitating furniture purchases, the surge in home renovation and interior design activities, increasing focus on sustainable and eco-friendly materials in furniture, growth of the hospitality and healthcare sectors requiring specialized foam solutions and advancements in foam technology improving product performance and comfort. Major trends in the forecast period include the rising popularity of memory foam and gel-infused products, increasing integration of smart technology in furniture designs, growing preference for modular and multifunctional furniture, expansion of online retail channels for foam products and enhanced focus on recycling and sustainable production practices in the foam industry.

Furniture Foam Market Driver: Rising Residential And Commercial Projects Drive Growth In The Furniture Foam Market

The rising residential and commercial building projects are expected to propel the growth of the furniture foam market going forward. A residential building is designed primarily for people, such as houses, apartments, or condos. A commercial building is used for business purposes, such as offices, retail stores, or warehouses. The rise in residential and commercial building projects can be attributed to several key factors, such as economic growth, government policies and incentives, and post-pandemic recovery. Furniture foam is used in residential and commercial building projects for seating, mattresses, and cushioning, providing comfort and durability in furniture and interior design applications. For instance, in July 2024, according to Trading Economics, a US-based economic indicator, around 621 thousand units of single-family houses were sold in May 2024, increasing to 668 thousand units in June and 739 thousand units in July. This represents a 7.6% growth from May to June and an additional 10.6% increase from June to July. Therefore, rising residential and commercial buildings are driving the furniture foam market.

Global Furniture Foam Market Major Players

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

Global Furniture Foam Market Trend: Innovative Recycled PU Foam Leads In Sustainability And Performance

Major companies in the furniture foam market are focusing on developing advanced materials such as recycled polyurethane (PU) foam to gain a competitive advantage. Flexible polyurethane (PU) foam is a versatile and lightweight material widely used in various industries, particularly furniture, bedding, automotive, and packaging. It is created by combining polyols and diisocyanates through a chemical reaction, resulting in a foam that is both flexible and resilient. For instance, in January 2024, The Vita Group, a UK-based manufacturer of flexible PU foam solutions, launched its Orbis, a flexible polyurethane (PU) foam. Orbis is partially made from post-consumer foam mattresses, making it an environmentally responsible option. This foam reduces the need for landfill or incineration and maintains the quality, durability, and comfort expected from traditional PU foam. The Vita Group highlights that Orbis contributes to reducing carbon footprints and supports a circular economy, aligning with global sustainability goals. The foam is suitable for bedding and furniture applications and is commercially available in standard ether and high-resilience foam.

Furniture Foam Market Merger And Acquisition: Domfoam Expands Production And Service Capabilities With Acquisition Of Foamco

In July 2024, Domfoam Inc., a Canada-based manufacturer of polyurethane foam, acquired Foamco for an undisclosed amount. The acquisition allows Domfoam to expand its production capacity, giving it a competitive advantage by providing customers with a third manufacturing option. Foamco is a Canada-based foam fabricator specializing in various foam products, including furniture foam.

Regional Outlook For The Global 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.

The countries covered in the furniture foam market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Furniture Foam Market?

The furniture foam market consists of sales of viscoelastic foam, gel memory foam, and chip foam. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Furniture Foam Industry?

The furniture foam market research report is one of a series of new reports from The Business Research Company that provides furniture foam market statistics, including furniture foam industry global market size, regional shares, competitors with an furniture foam market share, detailed furniture foam market segments, market trends, and opportunities, and any further data you may need to thrive in the furniture foam industry. This furniture foam market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.