Flooring Foam Market – Global Industry Analysis and Forecast (2024-2030)

Flooring Foam Market has valued at US$ 3.24 Bn. in 2023. The Global Flooring Foam Market size is estimated to grow at a CAGR of 2.6 % over the forecast period.
Flooring Foam Market Overview:
Flooring Foam are light, shock-absorbent, inexpensive, easy to clean, and come in a variety of colors and patterns. It is easy-to-move foam that is spread across the floor. Waterproof, stain-resistant, shock-absorbent, and anti-fatigue qualities are all features of flooring foams. They're made for warmth, cushioning, and insulation. This type of equipment can be used over a variety of surfaces, including concrete, wood, or any other existing surface, to help minimize accidents from falls during sports such as aerobics and weight lifting.To know about the Research Methodology :- Request Free Sample Report

The growing demand for energy-efficient goods, as well as an increased focus on indoor air quality management in various applications such as gyms, sports rooms, playgrounds, trade show floors, and so on, can be linked to the growth of this market.
Flooring Foam Market Dynamics:
In recent years, demand for foam flooring goods has been influenced by growth in the health and fitness industry, which has been fueled by a growing health-conscious generation and a shift toward a healthier lifestyle across the globe. Foam flooring materials provide more comfort during low-impact activities such as yoga, stretching, relaxing, Pilates, and other low-impact activities, which is why they are becoming more popular than rubber flooring. These are the main drivers driving the market for foam flooring goods. In addition, the growing popularity of home gyms, along with rising demand for foam flooring goods for exercise rooms, studios, gyms, and even children's playrooms, is expected to boost the flooring foam market growth through the forecast period.

Growing building activity, fast urbanization, and favorable government policies and plans are expected to propel the flooring foam market in Asia Pacific to new heights. The market for foam flooring products may see new growth opportunities if producers continue to focus on providing versatile flooring solutions that combine durability with a variety of design possibilities. In addition, the growing number of millennials in the health and fitness business, which offers tailored training and unique workout experiences, are also expected to boost flooring foam market growth potential.

Changing Fitness Flooring Trends booming Demand for Flooring Foam Products:

The health and fitness business has experienced remarkable growth in recent years, owing to increased consumer awareness about health. With the increasing number of fitness lovers, health club businesses are adopting the most recent fitness industry trends in order to attract more customers. Foam flooring is one of the most common flooring alternatives available in health clubs and gymnasiums, since it has been a great hit in the fitness industry. It is the key factor that is propelling the flooring foam market forward.

Foam flooring materials are becoming more popular among fitness coaches and club owners as a result of the numerous advantages they provide in a variety of fitness applications. Foam flooring, such as interlock tiles and yoga mats, is one of the most widely utilised items in the fitness industry. In addition, Foam flooring mats are also inexpensive and simple to clean, making them a popular choice among fitness enthusiasts. Foam flooring products are being used in home gyms as well as commercial health clubs. The rise of the foam flooring products market is being complemented by an increase in the number of commercial health clubs, health club members, and consumers who follow home training routines.

Advantages of Flooring Foam over Rubber Flooring:

Rubber flooring materials are a popular choice among health club organisations and are widely used in commercial settings due to their outstanding durability and ability to bear big weights. Rubber flooring goods are more expensive than foam flooring products due to the high cost of raw rubber. Consumers favour cost-effective and easy-to-maintain foam flooring over expensive and thermally unstable rubber flooring, which is affecting market participants' manufacturing tactics in the flooring sector. Additionally, foam flooring products are utilised in a wide range of applications, including children's playgrounds and other industrial applications, which contributes to the market's growth.

Thanks to the growing demand for flooring foam products, manufacturers are experimenting with new raw materials to improve the physical features of these items. Players in the market are also spending in research and development to increase the durability of foam flooring products and make them more resistant to punctures and scratches. Leading manufacturers of foam flooring products, for example, use Ethylene Vinyl Acetate (EVA) foam to create softer yet more durable products.

In addition, EVA foam is BPA-free and non-toxic, making it suitable for use in children's playrooms. EVA foam's ability to absorb noise provides it unique features, and as a result, foam flooring products constructed of EVA foam can be found in a variety of industrial industries.
Flooring Foam Market Segment Analysis:
Based on Type, the Flooring Foam Market is segmented into Polyethylene, Ethylene Vinyl Acetate, and Polyurethane. The Ethylene Vinyl Acetate segment held the largest market share, accounting for 53% in 2023. Because Ethylene-vinyl acetate foams are resistant to UV radiation and have a glossy appearance, demand for them is higher than for other types, which in turn, it is boosting the segment growth.

Based on End-Use, the Flooring Foam Market is segmented into Gyms, Playground, Sports Room, Tradeshow Floors, and Others. In 2023, the Gyms segment held the largest market share, accounting for 37% and it is expected to continue to dominate through the forecast period. The growing popularity of fitness has resulted in an expansion in the number of gyms, as well as the popularity of home gyms, are contributing to the need for flooring foam.
Flooring Foam Market Regional Insights:
The North America region held the largest market share accounting for 47% in 2023. Increased living standards and rising disposable income have fueled the growth of the Flooring Foam Market in North America's developed countries, such as the United States and Canada. The growth of the use of Flooring Foam in the region is also fueled by increasing industrialization and urbanisation. The government's increased spending on public and industrial infrastructure has enhanced the region's use of Flooring Foam.

The Europe region is expected to witness significant growth at a CAGR of 2.8% through the forecast period. The region’s growth is attributed to rising public awareness about sports activities, which is prompting them to invest more in gym facilities such as gyms, fitness centres, and other facilities that provide complete support during indoor workouts.

The objective of the report is to present a comprehensive analysis of the global Flooring Foam Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the market dynamic, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
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Flooring Foam Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 3.24 Bn.


Forecast Period 2024 to 2030 CAGR:
2.6%
Market Size in 2030:
US $ 3.88 Bn.


 Segments Covered:
by Type
Polyethylene
Ethylene Vinyl Acetate
Polyurethane


by End-Use
Gyms
Playground
Sports Room
Tradeshow Floors
Others



Flooring Foam Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America
Flooring Foam Market, Key Players:
1. The Parallax Group International
2. Toray Plastics (America)
3. Dunlop Living Limited
4. Future Foam
5. Polyflor Ltd
6. Softfloor
7. Life Floor
8. The Rubber Company
9. Vita Group
10. Power Dekor
11. Alanto Ltd.
12. E. I. du Pont de Nemours and Company
13. Denka Company Limited
14. Lanxess
15. FOAMTECH Ltd.
16. Rubberlite, Inc.
17. Clark Foam Products
18. Sedo Chemicals Neoprene GmbH
19. Lauren Manufacturing
20. Wisconsin Foam Products
21. Ridderflex
22. Rubatex
23. Williams Products
24. GCP Industrial Products

Frequently Asked Questions:

1] What segments are covered in the Flooring Foam Market report?
Ans. The segments covered in the Flooring Foam Market report are based on the Type and End-Use.

2] Which region is expected to hold the highest share in the Flooring Foam Market?
Ans. The North America region is expected to hold the highest share in the Flooring Foam Market.

3] What is the market size of the Flooring Foam Market by 2030?
Ans. The market size of the Flooring Foam Market by 2030 is expected to reach nearly US$ 3.88 Bn.

4] What is the forecast period for the Flooring Foam Market?
Ans. The forecast period for the Flooring Foam Market is 2024-2030.

5] What was the market size of the Flooring Foam Market in 2023?
Ans. The market size of the Flooring Foam Market in 2023 was valued at US$ 3.24 Bn.