One Component Foam Market Progress & Manufacturer Contribution Highlighted until 2027 | Key Players are Aerosol-Service A.S., Akkim Construction Chemicals, Castelein Sealants, etc.
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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.
Another manufacturing company with a significant share in the one component foam market revenue, Henkel Ag & Co. is focusing on expanding its product portfolio of a wide range of adhesives targeted at the healthcare industry. The company aims to deliver new LED curing adhesives manufactured using thermoplastic polyurethanes (TPU) and thermoplastic elastomers (TPE) for flexible medical devices to capitalize on the recent developments in next-gen smart health devices for the profitable growth of its adhesives business.
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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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.
Frontrunners have adopted strategies to grow inorganically in the one component foam market, by acquiring local market players and through partnerships and joint ventures. The presence of top-tiered market players and needs for high initial investments create barriers to entry for Tier II & III stakeholders. However, they are paving their way in the market by introducing application-specific features of one component foams to target a wide range of end-users.
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. According to the new residential construction statistics for May 2018, jointly announced by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the privately?owned housing starts authorized in May 2018 were around 20.3% higher than the May 2017 rate. In Europe, the building construction and civil engineering increased by 1.5% and 2.7%, respectively, in October 2018 over October 2017.
Furthermore, in developing countries, such as China and India, increasing discretionary income and urbanization are providing a fillip to the residential construction activities. Thereby, leading manufacturers in the one component foam market are eyeing lucrative opportunities in the residential construction sectors to witness profitable growth in the upcoming years.
One component formulations of polyurethane foam, which is manufactured by reacting polyols and diisocyanates, are referred as one component foam. One component foam is commonly used as insulator, sealant, filler, or adhesives, especially in the construction industry. Outdoor vents, door & window jams, walls & ceilings, and water pipes are among the leading end-uses of one component foam.
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