Sponge Market Exhibit a CAGR of 5.0% From 2021–2026 – Report by The Market Reports

The global Sponge market was valued at US$ 5750 million in 2019 and it is expected to reach US$ 8090.8 million by the end of 2026, growing at a CAGR of 5.0% during 2021-2026.

Sponge, a porous material with good water absorption, can be used for cleaning goods.Currently, the main material of sponge on the market is polyurethane, which generally refers to the low density PU with foam density lower than 18 kg/m3.This kind of material flexibility is good, basically apply at all sorts of hot material, cushion material, the cushion for leaning on and armrest of sofa chair of car boat and furniture, cushion for leaning on, mattress, clothing cushion.China’s demand for sponges increased to 2.06 million tons in 2018 from 1.64 million tons in 2014.It is estimated that under the support of the downstream industry, especially the soft furniture in China, the automobile industry under the influence of continuous high demand, with the rapid development of China’s economy, people’s requirements for household goods have been expanded from the single use to the comfort of the product, beautiful and multi-use characteristics.Because of polyurethane sponge with good air permeability, rebound elasticity and plasticity, material to design the software furniture with joint human body body, soft and breathable, high elastic characteristics of this kind of furniture has gradually become a residential, office buildings, commercial business premises such as building one of the indispensable thing, so the downstream demand growth is inevitable trend.We expect China’s demand for sponges to continue to grow at a compound annual rate of 6% over the next six years.In terms of production areas, east and south China are the largest sponge production base, followed by north China, where the three regions account for 79% of the market. This is mainly because these regions are close to or have been the manufacturing sites of traditional household products.China’s overall upstream polyurethane industry has been very mature, polyether polyols, MDI, TDI overcapacity, therefore, China made sponge has a great advantage, coupled with low labor costs, make China made sponge in the world has a strong competitiveness.At present, the sponge manufacturing industry in China is relatively scattered and lacks industry giants. Meanwhile, there are still a large number of small and micro manufacturers in the market.The dispersion of industries leads to the lack of corresponding industry standards and access system.As a result, the good and bad products in the sponge industry in China are interchangeable, which greatly weakens the competitiveness of the whole industry in the international market.At present, the larger market is shengnuo, henan jibaijia industry, fengsheng international group.They have a unified feature is that they have an excellent downstream industry chain.It is expected that in the future, sponge processing as a household, the phenomenon of seat manufacturers will be more common.

Global Sponge Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Sponge Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Sinomax Group, Henan Jiabaijia, Fengsheng International Group, Xinxiang Xinyuan Chemical Industry Co.,Ltd., Chiao Fu Enterprise Co., Ltd, Jiangsu Lvyuan, Shenzhen Zhongshenfeng Technology Co., LTD, Dongguan Hengying Sponge Products, Shanghai Xinyuan New Materials Technology Co.,Ltd., Langxi Taiji Sponge, Shenzhen Zhenyue Sponge Products Co.,Ltd., Jiamei Technology, Dongyang Haijia Sponge Product, Gaomi Rongsheng Composition Material, Wenzhou Ruian Fangyuan Polyurethane Sponge, Dongguan Tengwei Sponge and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-sponge-market-research-report

Segment by Type

  • Ordinary Sponge
  • High Rebound Sponge
  • Low Rebound Sponge

Segment by Application

  • Household
  • Clothing and Footwear
  • Automation
  • Daily Necessities
  • Architecture and Decoration
  • Other

Table of Content:

1 Sponge Market Overview

2 Sponge Market Competition by Manufacturers

3 Sponge Retrospective Market Scenario by Region

4 Global Sponge Historic Market Analysis by Type

5 Global Sponge Historic Market Analysis by Application

6 Key Companies Profiled

7 Sponge Manufacturing Cost Analysis

8 Marketing Channel, Distributors and Customers

9 Sponge Market Dynamics

10 Global Sponge Market Forecast

11 Research Finding and Conclusion

12 Methodology and Data Source

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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