Also known as one component polyurethane foam, one component foam is a type of self-expanding, self-adhesive, gap filling, and moisture curing material. One component foam is commonly being used in construction projects, which involve filling gaps in doors, ceilings, roofs, and windows.
One component foams are manufactured through reactions on diisocyanates and polyols. The material is commonly used as sealants, insulators, fillers, and adhesives in the building and construction industry. In addition, it also finds roles in the production of consumer goods and fire retardants. This trend is expected to be supported by the growing demand for self-expanding and self-hardening foams, which will drive the growth of the market for the foreseeable future.
Manufacturers Focusing on Incremental Opportunities in Residential Sector
The worldwide construction industry is growing rapidly over the course of the past 2 years, and the number of residential construction projects has gone up massively in this period. This rise in construction projects is expected to generate substantial opportunities for players in the one component foam market.
This trend is especially true of emerging economies such as China and India, which are displaying higher levels of urbanization and income, providing a jump to the residential construction sector. Consequently manufacturers have been pushing for the lucrative incremental opportunities in the residential construction sector, which could witness profitable growth in the years ahead.
Business Strategy Involves Acquisition and Expansions
The global one component foam market is driven by a large number of players, including major names such as Profflex Mounting Foams, Aerosol-Service A.S., Polypag, Akkim Construction Chemicals, Matadorfix Bohemia, Castelein Sealants, and the Dow Chemical Company Among others.
Many of these enterprises including Dow Chemicals and Polypag AG are pushing to enter into acquisition deals. In addition, businesses in the industry are also pushing investments into production capacity expansion and development of new offerings such as novel LED curing adhesives, and thermoplastic elastomers.
Eco-Friendliness and Energy Efficiency Drives Growth
Customers and industrial end users are seeking to improve on factors such as energy efficiency for most major purchases, including one component foams. One component foam is mostly used in the construction industry, where builders are pushing to reduce production costs, through the adoption and incorporation of energy efficient insulating materials and sealants for one component foam. Further, considering that construction materials and projects can have an adverse effect on the environment, one component foam manufacturers are pushing to develop eco-friendly variants of the product.
In addition, the impact of one component foam, including spray foam, has been a key point of attention for nonprofit environmental organizations and government bodies such as REACH of Europe and the EPA of the United States, who have pushed strict regulations on the marketing and production of one component foam.
End users are also becoming aware of the importance of indoor air quality, and the adverse effects of the various chemicals in one component foams, which has pushed manufacturer focus towards changes in product formulations to stay in sync with relevant regulations.