Published On : 20 Apr 2018
The global market for one component polyurethane foam is deriving remarkable rise from the widening application base of one component polyurethane foam across a number of end-use industry. The prime end-use industries for these foams are thermal and acoustic insulation, gap filling, and fire retardants. The significant rise in the building and construction industry is another important factor behind the growth of the one component polyurethane foam market.
Methylene Diphenyl Diisocyanate to Report Strong Demand
The global market for one component polyurethane foam is majorly assessed on the basis of the product and the end user. Based on the product, the market is classified into methylene diphenyl diisocyanate (MDI), polyether polyols, and polyester polyols. Among these, the demand for methylene diphenyl diisocyanate is relatively higher and the trend is anticipated to remain so over the next few years. Other products in this market are also anticipated to witness strong growth in the near future.
Based on the end user, the market is categorized into door and window frame jambs, ceiling and floor joints, partition walls, and water pipes. Of these, the door and window frame jambs segment is projected to report a high-paced growth in the years to come. The ceiling and floor joints segment will also report an increase in the demand for one component polyurethane foam over the next few years.
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China to Acquire Leading Position
In terms of the geography, the U.S., Europe, Japan, China, India, and South East Asia have emerge as the key regional markets for one component polyurethane foam across the world. Among these, the market for one component polyurethane foam in China is reporting exponential growth and is projected to acquire dominance over the global market in the coming years. India and South East Asia, especially Thailand and Indonesia, are also expected to observe remarkable rise in their respective market share, thanks to the increasing investments in various end-use industries. The markets for one component polyurethane foam in the U.S. and Europe are reaching maturation, which is likely to slow down the pace of their growth over the next few years.
Leading Players Focus on Research and Development
The global market for one component polyurethane foam is highly competitive. With the continual entry of new players, the competition within the market is likely to intensify further in the near future. DOW Chemical Company, Tremco Illbruck Group, Henkel, Selena Group, Foshan Gunuo Silicone Co., Den Braven Sealants, Aerosol-Service A.S., Akkim Construction Chemicals, McCoy Soudal Sealants Adhesives & Foams, Profflex Mounting Foams, DAP Products, Hanno-Werk Austria, Krimelte OU, and Soudal Group are some of the key players operating in this market. For the expansion of their businesses, these participants are predicted to focus on research and development over the forthcoming years.
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