Global Sponge Industry Research Report, Growth Trends and Competitive Analysis 2020-2026

In this report, the Global Sponge market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Sponge market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

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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.
Prior to COVID-19, the global market for Sponge was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of XX% during 2021–2026, whereas post-COVID-19 scenario, the market for Sponge is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026. The solicitation of proposals by the governments and public–private companies across the world to mitigate the impact of the COVID-19 pandemic is the key factor propelling the growth of the Sponge market.
In terms of production side, this report researches the Sponge production capacity, value, ex-factory price, growth rate, market share by manufacturers, regions (or countries) and by Type.
In terms of consumption side, this report focuses on the consumption of Sponge by regions (countries) and by Application.
The global Sponge market is thoroughly, accurately, and comprehensively assessed in the report with a large focus on market dynamics, market competition, regional growth, segmental analysis, and key growth strategies. Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Sponge market. These figures have been provided in terms of both revenue and volume for the period 2015-2026. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 200 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Sponge market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyzes the impact of Coronavirus COVID-19 on the Sponge industry.
Geographic Segmentation
The report offers exhaustive assessment of different region-wise Sponge markets such as North America, Europe, China and Japan, etc. Key regions covered in the report are U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE
For the period 2015-2025, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global Sponge market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by each application as well as type segment in terms of volume.
The report includes comprehensive company profiling of leading and emerging companies competing in the global Sponge market. It provides a detailed list of players operating at a global level. The players have been listed according to the type of products they offer in the global Sponge market and other factors. As part of the company profiling, the analysts authoring the report has provided the market entry year of each player considered for the research study. The report also offers extensive price, volume sales, and revenue analysis by the manufacturer at the global level for the period 2015-2020.
By Type and Application Segments
The report includes a detailed analysis of leading and type and application segments of the global Sponge market. All of the segments covered in the report are broadly analyzed based on some deciding factors. The segmental analysis section of the report offers revenue sales analysis and forecast of the global Sponge market by each type segment for the period 2015-2025. It also offers volume sales (consumption) analysis and forecast of the global Sponge market by each type segment for the same period. Also, it provides volume sales (consumption) analysis and forecast of the global Sponge market by each application segment for the same period.
This report includes the following manufacturers:
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
Market Segment by Type
Ordinary Sponge
High Rebound Sponge
Low Rebound Sponge
Market Segment by Application
Clothing and Footwear
Daily Necessities
Architecture and Decoration
Research Methodology
To compile the detailed study of the global Sponge market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Sponge market. QY Research analysts have conducted in-depth primary and secondary research to obtain crucial insights into the Sponge market. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the global market.

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Reasons to Buy This Research Report

  • Complete access to Global Sponge market size, growth rate and forecast to 2026
  • In-depth quantitative information on key regional Global Sponge markets including North America, Europe, MEA and Asia Pacific
  • Global Sponge Market estimates and forecasts for key products/applications on a regional basis
  • Facility to obtain country level information for complete Global Sponge market segmentation
  • Key trends, drivers and restraints for global Global Sponge market
  • Challenges to market growth for Global Sponge manufacturers
  • Key market opportunities of Global Sponge Industry

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