HOME Research Insight New Product Launches, Mergers & Acquisitions, Contracts & Agreements, Collaborations in Polyurethane Foam Market



New Product Launches, Mergers & Acquisitions, Contracts & Agreements, Collaborations in Polyurethane Foam Market


MarketsandMarkets projects that the polyurethane foam market size will grow from USD 46.05 Billion in 2015 to USD 74.24 Billion by 2021, at a CAGR of 8.4%. The market’s growth is supported by increasing demand of PU foam in the Asia-Pacific region as well as its wide application in diverse end-use industries.

The global market for polyurethane foam is dominated by players such as BASF SE (Germany), The Dow Chemical Company (U.S.), Bayer AG (Germany), Sekisui Chemical Co. Ltd. (Japan), Nitto Denko Corporation (Japan), Compagnie de Saint-Gobain S.A. (France), Huntsman Corporation (U.S.), Wanhua Chemical Group Co., Ltd. (China), Trelleborg AB (Sweden), Tosoh Corporation (Japan), Chemtura Corporation (U.S.), INOAC Corporation (Japan), Recticel NV/SA (Belgium), Vita (Lux III) S.ŕ r.l. (Luxembourg), Armacell GmbH (Luxembourg), Foamcraft, Inc. (U.S.), FoamPartner Group (Switzerland), Future Foam, Inc. (U.S.), FXI-Foamex Innovations (U.S.), Rogers Corporation (U.S.), UFP Technologies, Inc. (U.S.), and The Woodbridge Group (Canada). These players have adopted various strategies to expand their global presence and increase their market shares. Expansions, acquisitions, new product launches, mergers & acquisitions, contracts & agreements, collaborations, and joint ventures are the various strategies adopted.

The growth of the polyurethane foam market was largely influenced by expansions. Apart from expansions, a large number of developments, such as acquisitions, new product launches, mergers & acquisitions, contracts & agreements, collaborations, and joint ventures were made by top players in the market between January, 2010 and August, 2016. Expansion was the major strategy adopted by most of the players, which include BASF SE (Germany), The Dow Chemical Company (U.S.), Bayer AG (Germany), Compagnie de Saint-Gobain S.A. (France), Wanhua Chemical Group Co., Ltd. (China), Tosoh Corporation (Japan), Chemtura Corporation (U.S.), INOAC Corporation (Japan), Recticel NV/SA (Belgium), Armacell GmbH (Luxembourg), Foamcraft, Inc. (U.S.), Future Foam, Inc. (U.S.), FXI-Foamex Innovations (U.S.), UFP Technologies, Inc. (U.S.), and The Woodbridge Group (Canada), to strengthen their portfolio and gain competitive advantages. For instance, in September 2015, the Dow Chemical Company (U.S.) opened a polyurethanes systems house in Durban, South Africa to make polyurethane products for the construction, bedding and furniture industries. This will improve the company’s position in Sub-Saharan Africa. In June 2015, BASF SE (Germany) opened a plant in Lemforde in Germany for the production of polyurethane-based insulation foam, Slentite. It is a high-performance product which will further improve the company’s position in its polyurethane foam insulation segment.

Also, new products were launched by key players to increase their geographic presence and expand their portfolio in untapped markets. During this period, Recticel (Belgium) utilized Covestro’s (Germany) innovative CO2-based cardyon polyols for use in its flexible polyurethane foam products. The polyols will particularly be used in foams used in furniture and mattresses. Dow Polyurethanes (U.S.) introduced Voranol 425XL Mannich Polyol, which is used in low to high-density spray polyurethane foams. These spray polyurethane foams can be used in the construction industry.

Related Reports:

Polyurethane Foam Market by Type (Flexible, Rigid, and Spray Foam), End-Use Industry (Bedding & Furniture, Building & Construction, Electronics, Automotive, Footwear, Packaging), and Region - Global Forecast to 2021

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports