The industry of consumer goods has seen a lot of transformation in the last few years. Consequently, the number of manufacturers entering in this industry has also increased remarkably. Not just this, the players operating in this industry are penetrating various innovative products and trying their hands on different strategies in an attempt to grab the largest share of the industry. Considering growth trajectories of the global Memory Foam market, QYR Consulting has lately come up with a new research report titled, “Global Memory Foam Market Report, History and Forecast 2014-2025.” According to the report, the global Memory Foam market is anticipated to obtain a value of US$ 7.69 Bn by the end of 2025, which was nearly US$ 3.85 Bn in the year 2018. The global Memory Foam market is likely to expand with a robust CAGR of 10.2% during the forecast period of 2019-2025.
Segmental
Analysis
Memory Foam mattresses with 10-30 cm thickness are
highly popular among the working population
The global
Memory Foam market is segmented into two segments such as by product and by
application. By product, the market is further segmented into below 10cm, 10-30
cm, and above 30 cm. among these products, Memory Foam mattresses with 10-30 cm
thickness are largely adopted by consumers because of the perfect body balance.
Memory Foam mattress with 10-12 cm thickness is considered as a perfect size of
mattress. These products are highly popular among the working population of
urban areas. By application, the global Memory Foam market is segmented into
two segments such as home use and commercial use. As far as applications are
concerned, Memory Foam is having a number of commercial as well as home use
applications.
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Regional Coverage
Asia Pacific is to notice the
fastest growth in the global Memory Foam market
Asia
Pacific is anticipated to observe impressive growth in the global Memory Foam
market. Increasing disposable income, technological innovations, and growing
number of lifestyle diseases are some of the factors helping Memory Foam market
growth in the region. Apart from this, memory foam is widely adopted by carpet
manufacturers as well as in aircraft and transportation industries to give
necessary comfort and support in seats. Apart from Asia Pacific, Europe is also
predicted to witness the fastest growth in the global Memory Foam market owing
to rising spending capacity on home furnishing and high standard of living.
Key Players
Simmons, Tempur Sealy,
Corsicana Bedding, Sleemon, Mlily, Sinomax, and Serta are some of the key
market participants operating in the global Memory Foam market.
Market Dynamic
A wide number of applications of Memory Foam in the
medical industry to bolster the market growth
Pressure-relieving
advantages of Memory Foam is expected to increase market growth in the near
future. Memory Foam has an ability to mold and conform to the body due to this
unique property it is immensely popular in the mattress industry. Over the
years Memory Foam discovers several applications in the medical industry such
as in the manufacturing of wheelchair seat cushions, hospital bed pillows, and
padding.
Heat
retaining, energy dissipation, and moisture permeability properties of Memory
Foam could generate growth opportunities in the global market. People suffering
from sleeping disorders, allergies, and back problems are projected to attract
heavy demand for Memory Foam mattresses in the upcoming years. However, health
risks associated with carcinogens off-gracing from some of the Memory Foams
could decrease the global Memory Foam market growth.
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TOC: https://www.qyrconsulting.com/reports/memory-foam-market
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