16 August 2012 02:39 [Source: ICIS news]
HOUSTON (ICIS)--Strong demand for high-end specialty mattresses is supporting healthy performance by the US mattress industry, sources said on Wednesday.
Steady sales of mattresses which are made with polyurethane (PU) foam are projected to continue into the fourth quarter, supported by a robust performance of specialty mattresses, according to industry sources.
Sales of more expensive specialty mattresses with a full PU body have been increasing market share over box spring mattresses, sources said.
Memory foam mattresses sales have gradually risen to about 30-35% of the US market, while inner spring mattresses hold about 65-70%, according to market sources. This ratio is not expected to change much in the near future, the sources added.
In 2011, a total of 19.45m mattresses were shipped, of which 16.77m were innerspring and 2.68m were non-innerspring, according the International Sleep Products Association.
Participants suggested that if production costs rise significantly, some of the US mattress production will go elsewhere to take advantage of cost savings in off-shore manufacturing.
US domestic prices of flexible slabstock foam polyether polyols are assessed at $1.12-1.40/lb ($2,469-3,086/tonne, €2,000-2,450/tonne) DEL (delivered) in bulk, and of TDI at $1.42-1.57/lb DEL in bulk.
($1 = €0.81)
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