South & Central America Molded Foam Market Forecast to 2030
South & Central America 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)
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Description
Growing Footwear Industry Drives South & Central America 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.
South & Central America Molded Foam Market Overview
The molded foam market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. The noticeable presence of automotive companies in Brazil and Argentina and the rise in sales of vehicles are propelling the sales of molded foam in the region. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total number of vehicles manufactured in South & Central America grew from ~2.72 million in 2021 to ~2.96 million in 2022, registering an increase of 9%. In addition, rising car ownership due to increased spending power and higher living standards is expected to boost the market for automotive refinishes. Moreover, major market players in the automotive sector have strategized development and expansion of their operational capacities in South & Central America to tap the lucrative automotive market. In 2022, Audi AG invested US$ 19.2 million to resume production at its plant in Parana, Brazil, registering a capacity of 4,000 vehicles per year. This growing production of vehicles is boosting the demand for molded foam in the region.
Brazil is one of the strongest markets for aircraft manufacturing across the globe. Brazil-based Embraer is the fourth largest aircraft manufacturer in the world, after Airbus, Boeing, and Bombardier Aerospace. Furthermore, the region’s rising number of air passengers supports the aircraft manufacturing industry. Regional manufacturers are investing in strategic initiatives such as product development, mergers, and acquisitions to gain a competitive position in the market. For instance, in September 2022, South American rotorcraft operator Ecocopter collaborated with Airbus on possible plans to launch urban air mobility (UAM) services with eVTOL aircraft in markets including Chile, Ecuador, and Peru. Under a memorandum of understanding signed in September 2021, the companies are working on possible use cases for air taxis and other eVTOL operations, including early-adopter markets in the three countries. Such initiatives by manufacturers and the rising number of air passengers are anticipated to increase aircraft production. As molded foam is used in manufacturing aerospace structures, this is expected to boost the molded foam market growth in the region.
South & Central America Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Molded Foam Market Segmentation
The South & Central America molded foam market is segmented based on type, form, material, application, and country.
Based on type, the South & Central America molded foam market is segmented into closed cell foam, high resilience foam, integral skins foam, memory foam, and others. The closed cell foam segment held the largest South & Central America molded foam market share in 2022.
In terms of form, the South & Central America molded foam market is bifurcated into rigid foam and flexible foam. The flexible foam segment held a larger South & Central America molded foam market share in 2022.
By material, the South & Central America molded foam market is segmented into expanded polystyrene, polyurethane foam, expanded polyethylene, expanded polypropylene, and others. The polyurethane foam segment held the largest South & Central America molded foam market share in 2022.
By application, the South & Central America 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 South & Central America molded foam market share in 2022.
Based on country, the South & Central America molded foam market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America molded foam market in 2022.
Covestro AG, Dow, Hennecke GmbH, and Woodbridge are some of the leading companies operating in the South & Central America molded foam market.
Summary Info
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According to the Research Team’ research, the South & Central America molded foam market was valued at US$ 912.58 million in 2022 and is expected to reach US$ 1,439.57 million by 2030, registering a CAGR of 5.9% from 2022 to 2030. Focus on developing sustainable solutions and robust growth of automotive industry are among the critical factors attributed to the South & Central America molded foam market expansion.
The escalating demand for sustainable and eco-friendly materials is propelling a notable shift towards the adoption of biobased and recycled molded materials. This trend reflects a growing global consciousness regarding environmental preservation and resource conservation. Manufacturers and consumers alike are increasingly prioritizing materials that minimize carbon footprint and reduce reliance on finite resources. Biobased molded foam materials, derived from renewable sources like plant-based polymers, offer a compelling alternative to traditional, petroleum-based foams, significantly reducing environmental impact throughout their lifecycle. Additionally, the upsurge in recycled molded foam materials addresses the pressing need for wastage reduction and circular economy practices by repurposing post-consumer or post-industrial foam waste into new products. The product has excellent biodegradability in a wide range of environments. As sustainability continues to drive purchasing decisions across industries, the adoption of biobased and recycled molded foam materials is poised to witness further acceleration, reshaping the landscape of material sourcing and manufacturing processes.
On the contrary, harmful impact of raw materials on environment hamper the growth of South & Central America molded foam market.
Based on type, the South & Central America molded foam market is segmented into closed cell foam, high resilience foam, integral skins foam, memory foam, and others. The closed cell foam segment held 32.8% share of the South & Central America molded foam market in 2022, amassing US$ 299.73 million. It is projected to garner US$ 504.40 million by 2030 to expand at 6.7% CAGR during 2022-2030.
In terms of form, the South & Central America molded foam market is bifurcated into rigid foam and flexible foam. The flexible foam segment held 57.6% share of the South & Central America molded foam market in 2022, amassing US$ 525.26 million. It is projected to garner US$ 837.96 million by 2030 to expand at 6.0% CAGR during 2022-2030.
By material, the South & Central America molded foam market is segmented into expanded polystyrene, polyurethane foam, expanded polyethylene, expanded polypropylene, and others. The polyurethane foam segment held 45.8% share of South & Central America molded foam market in 2022, amassing US$ 418.32 million. It is projected to garner US$ 639.50 million by 2030 to expand at 5.4% CAGR during 2022-2030.
By application, the South & Central America molded foam market is segmented into seating and furniture, automotive interior, bedding and mattresses, footwear, and others. The bedding and mattresses segment held 36.1% share of South & Central America molded foam market in 2022, amassing US$ 329.20 million. It is projected to garner US$ 553.67 million by 2030 to expand at 6.7% CAGR during 2022-2030.
Based on country, the South & Central America molded foam market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 51.8% share of South & Central America molded foam market in 2022, amassing US$ 472.37 million. It is projected to garner US$ 763.15 million by 2030 to expand at 6.2% CAGR during 2022-2030.
Key players operating in the South & Central America molded foam market are Covestro AG, Dow, Hennecke GmbH, and Woodbridge, among others.
In April 2022, The Woodbridge Group developed TrimVisible BIO. The new product, TrimVisible BIO, enabled a cradle-to-gate reduction in carbon dioxide footprint for seating foam. This technology ultimately contributed to the reduction in CO2 footprint for the lifetime of the vehicle.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America molded foam market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America molded foam market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team 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. South & Central America 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
5. South & Central America 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 – South & Central America Market Analysis
6.1 South & Central America Molded Foam Market Volume (Kilo Tons)
6.2 South & Central America Molded Foam Market Revenue (US$ Million)
6.3 South & Central America Molded Foam Market Forecast and Analysis
7. South & Central America Molded Foam Market Analysis – Type
7.1 Closed Cell Foam
7.1.1 Overview
7.1.2 Closed Cell Foam: South & Central America Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
7.2 High Resilience Foam
7.2.1 Overview
7.2.2 High Resilience Foam: South & Central America Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
7.3 Integral Skins Foam
7.3.1 Overview
7.3.2 Integral Skins Foam: South & Central America Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
7.4 Memory Foam
7.4.1 Overview
7.4.2 Memory Foam : South & Central America Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others : South & Central America Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Molded Foam Market Analysis – Form
8.1 Rigid Foam
8.1.1 Overview
8.1.2 Rigid Foam : South & Central America Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
8.2 Flexible Foam
8.2.1 Overview
8.2.2 Flexible Foam : South & Central America Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Molded Foam Market Analysis – Material
9.1 Expanded Polystyrene
9.1.1 Overview
9.1.2 Expanded Polystyrene: South & Central America Molded Foam Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
9.2 Polyurethane Foam
9.2.1 Overview
9.2.2 Polyurethane Foam: South & Central America Molded 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: South & Central America Molded Foam Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
9.4 Expanded Polypropylene
9.4.1 Overview
9.4.2 Expanded Polypropylene : South & Central America Molded Foam Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others : South & Central America Molded Foam Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
10. South & Central America Molded Foam Market Analysis – Application
10.1 Seating and Furniture
10.1.1 Overview
10.1.2 Seating and Furniture : South & Central America Molded Foam Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Automotive Interior
10.2.1 Overview
10.2.2 Automotive Interior : South & Central America Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
10.3 Bedding and Mattresses
10.3.1 Overview
10.3.2 Bedding and Mattresses : South & Central America Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
10.4 Footwear
10.4.1 Overview
10.4.2 Footwear : South & Central America Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
10.5 Others
10.5.1 Overview
10.5.2 Others : South & Central America Molded Foam Market Revenue and Forecast to 2030 (US$ Million)
11. South & Central America Molded Foam Market – Country Analysis
11.1 South and Central America
11.1.1 South and Central America Molded Foam Market Revenue and Forecasts and Analysis – By Countries
11.1.1.1 Molded Foam Market Breakdown by Country
11.1.1.2 Brazil Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
11.1.1.3 Brazil Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
11.1.1.3.1 Brazil Molded Foam Market Breakdown by Type
11.1.1.3.2 Brazil Molded Foam Market Breakdown by Form
11.1.1.3.3 Brazil Molded Foam Market Breakdown by Material
11.1.1.3.4 Brazil Molded Foam Market Breakdown by Material
11.1.1.3.5 Brazil Molded Foam Market Breakdown by Application
11.1.1.4 Argentina Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
11.1.1.5 Argentina Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
11.1.1.5.1 Argentina Molded Foam Market Breakdown by Type
11.1.1.5.2 Argentina Molded Foam Market Breakdown by Form
11.1.1.5.3 Argentina Molded Foam Market Breakdown by Material
11.1.1.5.4 Argentina Molded Foam Market Breakdown by Material
11.1.1.5.5 Argentina Molded Foam Market Breakdown by Application
11.1.1.6 Rest of South & Central America Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
11.1.1.7 Rest of South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
11.1.1.7.1 Rest of South & Central America Molded Foam Market Breakdown by Type
11.1.1.7.2 Rest of South & Central America Molded Foam Market Breakdown by Form
11.1.1.7.3 Rest of South & Central America Molded Foam Market Breakdown by Material
11.1.1.7.4 Rest of South & Central America Molded Foam Market Breakdown by Material
11.1.1.7.5 Rest of South & Central America Molded Foam Market Breakdown by Application
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Woodbridge Foam Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Hennecke GmbH
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Dow Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Covestro AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
14. Appendix
LIST OF TABLES
Table 2. South & Central America Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
Table 3. South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Table 4. South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 5. South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – Form
Table 6. South & Central America Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons) – Material
Table 7. South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – Material
Table 8. South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 9. Brazil Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 10. Brazil Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – By Form
Table 11. Brazil Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons) – By Material
Table 12. Brazil Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 13. Brazil Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 14. Argentina Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 15. Argentina Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – By Form
Table 16. Argentina Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons) – By Material
Table 17. Argentina Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 18. Argentina Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 19. Rest of South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 20. Rest of South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – By Form
Table 21. Rest of South & Central America Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons) – By Material
Table 22. Rest of South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 23. Rest of South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million) – By Application
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LIST OF FIGURES
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: South & Central America Molded Foam Market
Figure 4. Market Dynamics: South & Central America Molded Foam Market
Figure 5. South & Central America Molded Foam Market Impact Analysis of Drivers and Restraints
Figure 6. South & Central America Molded Foam Market Volume (Kilo Tons), 2020 – 2030
Figure 7. South & Central America Molded Foam Market Revenue (US$ Million), 2020 – 2030
Figure 8. Molded Foam Market Share (%) – Type, 2022 and 2030
Figure 9. Closed Cell Foam: South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. High Resilience Foam: South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Integral Skins Foam : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Memory Foam : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Others : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. South & Central America Molded Foam Market Share (%) – Form, 2022 and 2030
Figure 15. Rigid Foam : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Flexible Foam : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. South & Central America Molded Foam Market Share (%) – Material, 2022 and 2030
Figure 18. Expanded Polystyrene: South & Central America Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 19. Expanded Polystyrene: South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Polyurethane Foam: South & Central America Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 21. Polyurethane Foam : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Expanded Polyethylene: South & Central America Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 23. Expanded Polyethylene : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. Expanded Polypropylene : South & Central America Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 25. Expanded Polypropylene : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 26. Others : South & Central America Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 27. Others : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 28. South & Central America Molded Foam Market Share (%) – Application, 2022 and 2030
Figure 29. Seating and Furniture : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 30. Automotive Interior : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 31. Bedding and Mattresses : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 32. Footwear : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 33. Others : South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 34. South and Central America Molded Foam Market Revenue, by Key Countries, (2022) (US$ Mn)
Figure 35. Molded Foam Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 36. Brazil Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 37. Brazil Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 38. Argentina Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 39. Argentina Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
Figure 40. Rest of South & Central America Molded Foam Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 41. Rest of South & Central America Molded Foam Market Revenue and Forecasts to 2030 (US$ Million)
1. Covestro AG
2. Dow
3. Hennecke GmbH
4. Woodbridge
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