Sponge Market Size, Share Global Outlook and Forecast 2023-2029
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The global Sponge market was valued at US$ 6522.9 million in 2022 and is projected to reach US$ 9047.7 million by 2029, at a?CAGR?of 4.8% during the forecast period.
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.
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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.
This report aims to provide a comprehensive presentation of the global market for Sponge, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Sponge. This report contains market size and forecasts of Sponge in global, including the following market information:
The global Sponge market was valued at US$ 6522.9 million in 2022 and is projected to reach US$ 9047.7 million by 2029, at a CAGR of 4.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
In China, Sponge key players include Sinomax Group, Henan Jiabaijia, Fengsheng International Group, Xinxiang Xinyuan Chemical Industry Co.,Ltd., etc. Global top four manufacturers hold a share about 10%.
East China is the largest market, with a share about 30%, followed by South China, and North China, both have a share about 45 percent.
In terms of product, Ordinary Sponge is the largest segment, with a share about 45%. And in terms of application, the largest application is Upholstered Furniture, followed by Automation, Clothing and Footwear, Daily Necessities, etc.
We surveyed the Sponge manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Sponge Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Kiloton)
Global Sponge Market Segment Percentages, by Type, 2022 (%)
Global Sponge Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Kiloton)
Global Sponge Market Segment Percentages, by Application, 2022 (%)
Global Sponge Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Kiloton)
Global Sponge Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters:
Chapter 1: Introduces the definition of Sponge, market overview.
Chapter 2: Global Sponge market size in revenue and volume.
Chapter 3: Detailed analysis of Sponge manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Sponge in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Sponge capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
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Table of content
1 Introduction to Research & Analysis Reports
1.1 Sponge Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Sponge Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Sponge Overall Market Size
2.1 Global Sponge Market Size: 2022 VS 2029
2.2 Global Sponge Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Sponge Sales: 2018-2029
3 Company Landscape
3.1 Top Sponge Players in Global Market
3.2 Top Global Sponge Companies Ranked by Revenue
3.3 Global Sponge Revenue by Companies
3.4 Global Sponge Sales by Companies
3.5 Global Sponge Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Sponge Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Sponge Product Type
3.8 Tier 1, Tier 2 and Tier 3 Sponge Players in Global Market
3.8.1 List of Global Tier 1 Sponge Companies
3.8.2 List of Global Tier 2 and Tier 3 Sponge Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Sponge Market Size Markets, 2022 & 2029
4.1.2 Ordinary Sponge
4.1.3 High Rebound Sponge
4.1.4 Slow Rebound Sponge
4.1.5 Others
4.2 By Type - Global Sponge Revenue & Forecasts
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