[FURL=https://www.industryarc.com/Research/Smart-Memory-Foam-Market-Research-501430?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Smart Memory Foam Market[/FURL] Smart Memory Foam Market size is forecast to reach $597.2 million by 2026, after growing at a CAGR of 3.6% during 2021-2026, owing to the increasing usage of smart memory foam (also known as viscoelastic polyurethane foam) in various applications due to the extensive properties that it offers such as temperature control support, pain-relief comfort, low-resilience, weight distribution, motion transfer resistance, and more.Key Takeaways
Asia-Pacific dominates the smart memory foam market, owing to the increasing demand for bedding, cushions, and furniture in the region. The increasing population coupled with the increasing per capita income is the key factor driving the bedding, cushions, and furniture industry in the APAC region.
An increase in demand for low-resilience polyurethane foam in bandages and artificial applications in the manufacture of foam mattresses for dental chairs, as well as use in prosthetics to prevent pressure ulcers in products for patients, such as seating pads, is expected to drive market growth.
PET (polyethylene terephthalate) foams demonstrated very good shape memory behavior with shape recovery always higher than 90%, owing to which its demand is increasing. Thus, shape memory properties of PET (polyethylene terephthalate) foams are anticipated to further drive the smart memory foam industry.
The moisture permeability and energy dissipation properties are expected to create an opportunity for market growth. However, relative to a spring foam mattress, high memory foam mattress prices are expected to limit market growth to some degree.
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Smart Memory Foam Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the smart memory foam market in 2020 up to 38%, owing to the increasing demand for low-resilience polyurethane foam-based bedding and furniture from the construction industry in the region. The growth of the population is leading to a need for more residential and commercial sectors, owing to which governments are heavily spending on expanding the residential sector.
For instance, the Indian government has launched projects such as '100 smart cities' and 'Housing for All by 2022,' which are projected over the forecast period to drive the Indian residential construction market.
Smart Memory Foam Market – Drivers
Increasing Automotive Production
Flourishing Aerospace Industry
Smart Memory Foam Market Landscape
Major players in the smart memory foam market are Foam Factory, Inc., Restonic Mattress, Kingsdown, Dorel Industries, Select Comfort, Serta, Tempur, Dream Smart, King Coil, and Restolex.
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