Based on the thorough analysis, the study predicts that the one component foam market will grow at a healthy 5.2% CAGR during the period 2019-2027.
Rockville Pike, MD -- (SBWIRE) -- 05/17/2019 -- One component formulations of polyurethane foam, which is manufactured by reacting polyols and diisocyanates, are referred as one component foam. One component foam is commonly used as insulator, sealant, filler, or adhesives, especially in the construction industry. Outdoor vents, door & window jams, walls & ceilings, and water pipes are among the leading end-uses of one component foam.
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The Fact.MR study features insightful information about critical dynamics of the one component foam market to help readers to fathom future prospects and current growth parameters of the one component foam market. This study is a seamless presentation of unique insights on how the one component foam market will expand across the globe during 2018-2027. The report includes the exclusive predictions about market growth in terms of market size (US$ million) and market volume (tons) during the forecast period.
Vendor landscape Remains Highly Splintered in One Component Foam Market
Tier I companies in the one component foam market hold the revenue share of around 35-40% and Tier II & III stakeholders account for 25-30% and 30-35% revenue shares, respectively. The one component foam market is expected to remain highly fragmented with the presence of a large number of stakeholders in the market in several regions.
Frontrunners have adopted strategies to grow inorganically in the one component foam market, by acquiring local market players and through partnerships and joint ventures. The presence of top-tiered market players and needs for high initial investments create barriers to entry for Tier II & III stakeholders. However, they are paving their way in the market by introducing application-specific features of one component foams to target a wide range of end-users.
Growth Remains Upheld by Resurgent Construction Activities in Line with Infrastructure Development Projects
One component foam is commonly used as an insulation material in the construction industry, especially as a construction sealant. Extraordinary characteristics of one component foam as adhesives and sealants are leading to creating more sales opportunities for market players in the global construction industry.
The revival of the construction industry in developed regions such as North America and Europe, and recent infrastructural developments in emerging countries has spurred the rise of the one component foam market. One component foam manufacturers are focusing on improving characteristics and features to suit specific needs of end-users from the construction industry to bolster sales with exponentially growing construction industry. Additionally, the recent trend of sandwich paneling has provided a boost to the use of one component foam as a construction sealant. Thereby, innovations in the construction industry are likely to diversify the applications of one component foam, which will influence growth prospects of the one component foam market in the upcoming years.
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Energy-efficiency and Eco-friendly – Key Attributes Sought-After by Manufacturers as well as End-users
Customers and industrial end-users are continuously seeking energy efficient equivalent for almost every product they are about to purchase; and one component foams is no exception. One component foams find maximum applications in the construction industry and end-users are focusing on minimizing their energy consumption to reduce their production cost by opting for energy-efficient insulting materials or sealants such as one component foam. Furthermore, taking into consideration that construction materials have a significant impact on the environment, one component foam market players are aiming at contributing to a safer environment by offering environmentally friendly one component foam.
A holistic approach and unique methodology is followed while conducting a thorough research about the one component foam market to conclude the growth prospects of the market during 2018-2027. The report provides readers with exclusive conclusions about the historic and recent development in the one component foam market.
The comprehensive information featured in the report is obtained at the end of detailed secondary and primary market research on the historical and current growth parameters of the one component foam market. Secondary research on the one component foam elucidates the historical and current facts and industry-validated information about the one component foam market. Primary research is conducted after secondary research, where market leaders, including suppliers, manufacturers, distributors, and investors, in the one component foam market are interviewed.
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