Global One Component Polyurethane Foam Market size was valued at US$ XX Bn in 2019 and the total revenue is expected to grow at 6.0 % through 2020 to 2026, reaching nearly US$ XX Bn. The global One Component Polyurethane Foam market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global One Component Polyurethane Foam report also provides trends by market segments, technology, and investment with a competitive landscape.
Global One Component Polyurethane Foam Market Overview:
One component polyurethane foam is largely used for filling gaps of materials in end-use industries including building & construction, fire retardants, and consumer goods.
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Global One Component Polyurethane Foam Market Dynamics:
Increasing Building & Construction Industries
Growth of the global building and construction industry drive the one component polyurethane market demand. Increasing adhesives demand with insulating properties from construction industries is expected to drive the global market demand during the forecast period. One component polyurethane foam helps in reducing total infrastructural costs by minimizing energy consumption in buildings. This foam is used in residential and commercial buildings for sealing, gap filling, and thermal and acoustic insulation applications. The foam enables architects to insulate buildings in an improved manner, thereby reducing the consumption of gas, oil, and electricity in residential and commercial buildings. One component polyurethane foam is easily available, affordable, durable, and considered a cost-effective and safest option for energy conservation, leading to a reduction in carbon emissions.
Increasing R&D Activities
Wide ranging R&D activities by major companies in association with government establishments help in expanding the quality of adhesives and foaming components. Technological advancements in the making of polyurethane foam by using different raw materials are benefiting the end-users. This factor is estimated to propel the global one-component foam market during the forecast period. Strict Government Regulations on Polyurethane Foam Manufacturing Regulations on flexible one-component polyurethane, foam manufacturing acts as a major restraining factor to the market growth.
Global One Component Polyurethane Foam Market Segment Analysis:
By Raw Material, the one component polyurethane foam market is segmented into MDI, polyether polyols, polyester polyols, and others. MDI raw material segment is expected to become the major segment of one component polyurethane foam market during the forecast period 2020-2026 in terms of volume thanks to the excellent properties offers by the MDI raw materials. The increased use of MDI-based one-component polyurethane foam products in residential and commercial construction is boosted by the fact that they are recyclable, safe, and environmentally responsible. These all factors are expected to witness the one component polyurethane foam market demand across the globe.
Global One Component Polyurethane Foam Market Regional Insights:Growing Building & Construction Industries in Asia Pacific Dominate the Demand for One Component Polyurethane Foam Market in the region The Asia Pacific held the largest share in terms of volume of the one component polyurethane foam market in 2019. Emerging economies including India and China are the major growth engines of the region. Growing demand from building & construction industries and increasing demand from global players in the region propel the market growth. Additionally, increasing population, steady economic progress, and improvement in lifestyle are the factors contributing to the construction industry growth. This, in turn, is expected to drive the global one-component polyurethane foam market growth during the forecast period.
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Global One Component Polyurethane Foam Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Global One Component Polyurethane Foam Market Key Players• Soudal Group • Henkel AG & Co • Hanno-Wek Austria • Selena Group • Tremco Illbruck Group • Foshan Gunuo Silicone Co. • Profflex Mounting Foams • Den Braven Sealants • Aerosol-Services A.S. • McCoy Soudal Sealants Adhesives & Foams • TKK d.o.o. • Krimelte OÜ • DuPont • Gorcci International Limited • Kater Adhesive Industrial Co. • Fomo Products, Inc. • Polyurethane Ltd. • Others