Market Leader - One Component Polyurethane Foam Market
The one-component polyurethane foam market was valued at USD 2.4 billion in 2020 and is projected to reach USD 3.3 billion by 2025, registering a CAGR of 6.0% from 2020 to 2025. The growth of this market is mainly driven by the increasing demand from the residential and commercial application segments due to the rising trend of energy-efficient buildings around the world. One component, polyurethane foam is extensively used for insulation applications in energy-efficient buildings.
Companies such as Soudal Group (Belgium), Henkel AG & Co. (Germany \ Hanno-Werk GmbH & Co. KG (Germany), Selena Group (Poland) and Tremco illbruck Group (Germany), are the major players in the in the global one component polyurethane foam market. The leading players in the one component polyurethane foam market have adopted the strategies such as expansions, acquisitions, investments, partnerships, joint ventures, and product launches to strengthen their presence in the global one component polyurethane foam market.
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Soudal Group (Belgium) is the leading player in the global one component polyurethane foam market In June 2019, the Soudal Group, acquired Seal Systems, based in Ireland. Seal Systems has been working as the local Soudal distributor for 30 years in Ireland. This acquisition is expected to widen the sales network of Soudal Group throughout the European region.
Another important player in the global one component polyurethane foam market is Henkel AG & Co.(Germany). In February 2020, Henkel Adhesives Technologies, a subsidiary of Henkel AG & Co., established a new adhesives and sealants manufacturing facility in Pune, Maharashtra (India). The plant was established with an investment of approximately USD 60 million and is expected to get an investment of an additional USD 50 million in the next five years. The expansion purpose is to fulfill the growing demand from Indian industries for high-performance solutions in adhesives, sealants, and surface treatment plants. This site is also expected to serve the Middle East, African, and South Asian regions as well.
Related Reports:
One Component Polyurethane Foam Market by Raw Material (MDI, Polyether Polyols, Polyester Polyols, Others), Application, End-Use (Door & Window Frame Jambs, Ceiling & Floor Joints, Partition Walls, Water Pipes), Region - Global Forecast to 2025
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