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Vendor landscape Remains Highly Splintered in One Component Foam Market
Tier I companies in the one component foam market hold the revenue share of around 35-40% and Tier II & III stakeholders account for 25-30% and 30-35% revenue shares, respectively. The one component foam market is expected to remain highly fragmented with the presence of a large number of stakeholders in the market in several regions.
The study finds Asia Pacific region excluding Japan (APEJ) to be the fastest growing market for one component foam, with significant hold of emerging economies in the region on recent developments. The APEJ region alone accounts for over one third of the global sales of one component foam, and it will continue to be the largest market for one component foam in the upcoming years, according to the study.
Growth Remains Upheld by Resurgent Construction Activities in Line with Infrastructure Development Projects
One component foam is commonly used as an insulation material in the construction industry, especially as a construction sealant. Extraordinary characteristics of one component foam as adhesives and sealants are leading to creating more sales opportunities for market players in the global construction industry.
The revival of the construction industry in developed regions such as North America and Europe, and recent infrastructural developments in emerging countries has spurred the rise of the one component foam market. One component foam manufacturers are focusing on improving characteristics and features to suit specific needs of end-users from the construction industry to bolster sales with exponentially growing construction industry. Additionally, the recent trend of sandwich paneling has provided a boost to the use of one component foam as a construction sealant. Thereby, innovations in the construction industry are likely to diversify the applications of one component foam, which will influence growth prospects of the one component foam market in the upcoming years.
The Fact.MR study finds that demand for insulation and filling applications of one component foam are likely to rise, which will make a substantial change in dynamics of the one component foam market. With the recent developments in residential as well as industrial and commercial infrastructures, end-users are experimenting with the applications of one component foam to benefit from unique properties of one component polyurethane foam.
Notable Developments in the One Component Foam Market
- Polypag AG, Switzerland-based manufacturer of one component foam, recently announced that Sika AG, a specialty chemical company headquartered in Baar, Switzerland, has agreed to acquire the company. With this acquisition, Sika AG aims to expand its product portfolio and expertise in the area of polyurethane foam development, which can improve the market penetration of its polyurethane foam-based products. On completing this acquisition, Sika may emerge as one of the leading players in the one component foam market in the upcoming years.
- The Dow Chemical Company (Dow), a U.S.-based leading manufacturer in the one component foam market, has declared its plans to expand its production facility for polyurethane foam to be in-line with its strategies to invest more in polyurethanes market in the Asia Pacific region. The company recently opened a world-class polyol plant in Rayong, Thailand, to increase the company’s manufacturing capacities to deliver high-quality rigid polyurethane foam.
The report conducts a thorough research on the recent activities of several one component foam market players including Aerosol-Service A.S., Akkim Construction Chemicals, Castelein Sealants, Dap Products, Den Braven Sealants, Dow Chemical Company, Foshan Gunuo Silicone Co., Hanno-Werk Austria, Henkel Ag & Co., Krimelte OÜ, Larsen Building Products, Matadorfix Bohemia, Mccoy Soudal Sealants Adhesives & Foams, Polypag, and Profflex Mounting Foams.
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