The medical foam market is projected to grow from USD 33.0 billion in 2023 to USD 43.3 billion by 2028, at a CAGR of 5.6% from 2023 to 2028. The bedding & cushioning segment was the largest application of medical foam owing to a rise in the geriatric population and an increase in health-related concerns in the aged population, leading to a high demand for comfort and orthopedic support. The increase in the health expenditure of several countries has led to growth in the market for medical foam.
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Companies such as Dow Chemical Company (US), Sekisui Chemical Co., Ltd. (Japan), Huntsman Corporation (US), Trelleborg AB (Sweden), BASF SE (Germany), and others are key players in the global medical foam market. These players have been focusing on developmental strategies, such as expansions, mergers & acquisitions, partnerships, and new product launches & developments, which have helped them expand their businesses in untapped and potential markets. They have also adopted various organic and inorganic growth strategies, such as mergers, acquisitions, and expansions, to enhance their current positions in the medical foam market.
Dow Chemical Company
The Dow Chemical Company stands at the forefront of integrated science and technology, crafting and delivering essential raw materials for various consumer goods and services. With a presence in packaging & specialty plastics, industrial intermediates & infrastructure, and performance materials & coatings, Dow serves an extensive range of industries—from automotive and electronics to healthcare and construction. Their polyurethanes and polystyrene foams cater to diverse needs, spanning energy-efficient buildings, medical instruments, consumer comfort in furniture and footwear, and even specialized foam applications. Dow actively engages with customers, particularly in medical applications, to ensure optimal use and potential assessments, boasting a global footprint with 109 manufacturing sites across 31 countries.
Sekisui Chemical Co., Ltd
Sekisui Chemical Co., Ltd. advances housing, urban infrastructure, and the production of environmental solutions alongside cutting-edge, high-performance plastics on a global scale. Operating through distinct segments—housing, urban infrastructure & environmental products (UIEP), and high-performance plastics (HPP)—the company offers a diverse range of electronic components such as LCD fine particles, photosensitive materials, semiconductor materials, optical adhesive tapes & films, double-faced tapes, ITO films, polyolefin foams, and LED materials within the HPP realm. Moreover, this segment extends its portfolio to include resin materials medical products from vacuum blood collection tubes to in-vitro diagnostics, amino acids, pharmaceutical products, intermediates, medical-related items, research services, adhesives, packaging tapes, and plastic containers. Sekisui Chemical conducts its business through two primary grades—Softlon and Volara—crafted via advanced irradiated cross-linking technology, delivering nearly 100% closed-cell foam solutions. These foam grades find extensive applications across automotive interiors, medical device packaging, information technology, construction underlayment, insulation, air conditioning piping, packaging materials, industrial insulation, sports and leisure products, consumer goods, and various medical care applications.
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Huntsman Corporation
Huntsman Corporation is a leading manufacturer of organic and inorganic chemical products, operating through four key segments: polyurethanes, performance products, advanced materials, and textile effects. They focus on providing foams designed for engineering and general applications, primarily specializing in polyurethane grades. Within the polyurethanes division, a diverse range of chemicals such as MDI products, PO (propylene oxide), polyols, propylene glycol (PG), thermoplastic polyurethanes (TPU), aniline, and MTBE (methyl tertiary butyl ether) are manufactured and marketed. These chemicals are the building blocks for producing an array of rigid and flexible foams, coatings, adhesives, sealants, and elastomers. Notably, Huntsman’s polyurethane offerings encompass viscoelastic polyurethane foam, high-resilience polyurethane foam, and microcellular polyurethane foam, catering to various industrial needs. With a significant global presence, Huntsman operates over 75 manufacturing, research, and operational facilities across approximately 30 countries, underlining its commitment to delivering chemical solutions across diverse markets.
Trelleborg AB
Trelleborg AB specializes in pioneering polymer technology systems and solutions crucial for sealing and packaging applications across various industrial domains. Their expertise extends to anti-vibration solutions, automotive boots, and noise-damping technologies. Operating through distinct segments—Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions, and Trelleborg Wheel Systems—the company offers an extensive array of products. In particular, the Trelleborg Sealing Solutions segment focuses on precision seals essential in industrial, aerospace, and automotive settings. Trelleborg manufactures an assortment of polyurethane-based foams, belts, and sealants catering to diverse needs. Spanning a presence in more than 50 countries, Trelleborg remains committed to delivering innovative solutions in polymer technology across a global landscape.
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BASF SE
BASF SE is a premier supplier of polyurethane systems, specializing in an extensive array of products ranging from foams to raw materials. Their diverse portfolio encompasses spray polyurethane foams, specialty elastomers like thermoplastic polyurethane (TPU), microcellular elastomers, and customized solutions. These polyurethane products find application across a broad spectrum, including automotive, construction, sports & leisure, footwear, furniture, electronics, and insulation. Notably, BASF SE offers distinct groups of polyurethane systems tailored to varying hardness, softness, integrity, or compactness requirements. Leveraging a network of 45 polyurethane system houses worldwide, the company ensures prompt local support spanning technical services, sales, production, and marketing. Recognized for its world-scale plants, BASF SE is a prominent global leader in basic polyurethane product manufacturing. It manages its operations through diverse segments such as chemicals, materials, surface technologies, industrial solutions, agricultural solutions, nutrition and care, and others. BASF SE’s polyurethane foam business falls under its materials segment. The company’s other segment also encompasses its involvement in paper and water chemicals.
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