The global memory foam market is estimated to grow at a significant CAGR during the forecast period. Memory foam, also known as visco elastic polyurethane foam or low-resilience polyurethane foam (LRPU), is a type of polyurethane foam with added chemicals to improve viscosity and density. Memory foam with a higher density softens in reaction to body heat, conforming to a warm body in minutes and uniformly distributing body weight. The form returns to its original shape when the pressure is released. As a result, memory foam mattresses are utilised to take the weight off of pressure points (areas of the body that are sensitive to fatigue and tender spots) and aid in pain relief, allowing patients to wake up in comfort.
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Memory foams are widely used in both medical and residential purposes. The rise in disposable income of consumers in emerging economies, steady technological innovation, rapid adoption among carpet and flooring markets, as well as aircraft and transportation industries to provide required comfort and support in seats; and an increase in cases of sleep disorders are driving the global memory foam market. Furthermore, the market growth is expected to be fuelled by an increase in demand for smart memory foams in bandages and artificial applications in the manufacture of foam mattresses for dental chairs, as well as their use in prosthetics to prevent pressure ulcers in products such as patient seating pads. The moisture permeability and energy dissipation qualities are projected to drive the market growth. However, memory foam mattresses are predicted to be more expensive than spring foam mattresses.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Foam Factory, Inc., Innocor, Inc., and Dorel Industries, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Memory Foam Market Report by Segment
By Type
- Traditional
- Air Cool
- Gel
By Application
- Transportation
- Bedding
- Carpet Cushion
- Furniture
- Medical
- Others
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