Notable Developments in the One Component Foam Market
- Polypag AG, Switzerland-based manufacturer of one component foam, recently announced that Sika AG, a specialty chemical company headquartered in Baar, Switzerland, has agreed to acquire the company. With this acquisition, Sika AG aims to expand its product portfolio and expertise in the area of polyurethane foam development, which can improve the market penetration of its polyurethane foam-based products. On completing this acquisition, Sika may emerge as one of the leading players in the one component foam market in the upcoming years.
- The Dow Chemical Company (Dow), a U.S.-based leading manufacturer in the one component foam market, has declared its plans to expand its production facility for polyurethane foam to be in-line with its strategies to invest more in polyurethanes market in the Asia Pacific region. The company recently opened a world-class polyol plant in Rayong, Thailand, to increase the company’s manufacturing capacities to deliver high-quality rigid polyurethane foam.
- Another manufacturing company with a significant share in the one component foam market revenue, Henkel Ag & Co. is focusing on expanding its product portfolio of a wide range of adhesives targeted at the healthcare industry. The company aims to deliver new LED curing adhesives manufactured using thermoplastic polyurethanes (TPU) and thermoplastic elastomers (TPE) for flexible medical devices to capitalize on the recent developments in next-gen smart health devices for the profitable growth of its adhesives business.
Read Report Overview:
The report conducts a thorough research on the recent activities of several one component foam market players including Aerosol-Service A.S., Akkim Construction Chemicals, Castelein Sealants, Dap Products, Den Braven Sealants, Dow Chemical Company, Foshan Gunuo Silicone Co., Hanno-Werk Austria, Henkel Ag & Co., Krimelte OÜ, Larsen Building Products, Matadorfix Bohemia, Mccoy Soudal Sealants Adhesives & Foams, Polypag, and Profflex Mounting Foams.
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.
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