Strategy of Investment & Expansion Was Adopted by the Market Players to Achieve Growth in the High Heat Foam Market between 2010 and 2016
The strategy of investment & expansion was adopted by the market players to achieve growth in the high heat foam market between 2010 and 2016. This strategy accounted for the largest share among all the strategies adopted by the market players. The rise in demand for foam in applications such as automotive, railway, industrial, aerospace, and others drives the growth of foams. The rising demand of foam from the end user industries has encouraged companies to adopt various development strategies in the high heat foam industry. Some of the leading high heat foam manufacturers, such as BASF SE (Germany), Rogers Corporation (U.S.), Armacell International S.A. (Luxembourg), Evonik Industries (Germany), Sinoyqx (China), Waker Chemie AG (Germany), SABIC (Riyadh), Puren GmbH (Germany), Ube Industries, Ltd. (Japan), Intec foams (U.K.), and JSP Corporation (Japan), are adopting this strategy to develop their businesses globally.
Besides investments & expansions, the companies adopted new product launches; mergers & acquisitions; partnerships, contracts, and agreements as the key strategies to expand their market share and distribution network. These strategies also accounted for a significant share of the total number of growth strategies adopted by the players in the global high heat foam market between 2010 and 2016. BASF SE (Germany), Sinoyqx (China), and Rogers Corporation (U.S.) are the most active players in the global high heat foam market.
On December 2015, Sinoyqx (China) constructed new melamine foam manufacturing plant in China, which has increased its products portfolio and geographical reach in the local market. In July 2015, the company also launched new hydrophobic melamine foam, which is used in construction and industrial application for sound absorption and thermal insulation.
On December 2015, Recticel (Belgium) company invested USD 10.8 million to increase the production capacity of high value-added products in Belgium. This capacity expansion will increase its foam products portfolio.
In November 2015, BASF SE (Germany) started operations of its 300,000-metric ton TDI plant at Ludwigshafen site to expand its business in Europe, where TDI is a core component for foam. This move is a part of the company’s strategy to consolidate and optimize its global production network.
In December 2014, Rogers Corporation had signed an agreement to acquire Arlon LLC (U.S.), which will add complementary solutions to Roger’s high-performance foam business segments and printed circuit material segment which will expand its business foothold in the application market. . This capacity expansion will increase its foam products portfolio.
Related Reports:
High Heat Foam Market by Type (Silicone, Polyimide, Melamine, Polyethylene, & Others) and by Application (Automotive, Railway, Industrial, Aerospace & Others) - Global Forecasts to 2021
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