One-component Foam: Introduction
- One-component foam is also known as one-component polyurethane foam. It is a self-adhesive, self-expanding, moisture-curing, and gap filler material. It is used in construction projects for filling gaps in doors, windows, roofs, and ceilings.
- One-component foam is widely used in several end-use industries such as building & construction, fire retardants, and consumer goods. Increase in popularity of self-hardening and self-expanding sealing foams is likely to fuel the one-component foam market in the next few years.
- One-component foam is also employed for filling gaps in pipes and outdoor vents. It is largely used for prevention of air passage through a small space. One-component foams usually expand and become air-tight at the surface on which they are applied. Adoption of one-component foam has gained momentum over the last few years, owing to its excellent self-ceiling mechanism. This is a key factor projected to boost the global one-component foam market during the forecast period.
Key Drivers and Restraints of One-component Foam Market
- Rapid growth of the global construction industry, led by rise in disposable income of the people, is a key factor anticipated to boost the demand for one-component foams during the forecast period. One-component foam is a superior-quality polyurethane material used to attain short curing time and better adhesion to surfaces. These benefits make it useful for shortening of gaps and reducing leakages from walls, doors, and windows.
- Increase in demand for superior-quality adhesives with insulating properties in the construction industry is anticipated to boost the demand for one-component foams during the forecast period. Developing economies such as China, South Korea, and India are witnessing rapid growth of the construction sector owing to increase in the middle-class population. This is a key factor expected to boost the one-component foam market in Asia Pacific during the forecast period.
- Extensive R&D activities by major companies in collaboration with government authorities are helping enhance the quality of adhesives and foaming components. Technological advancements in making of polyurethane foam by using different raw materials are benefiting end-users. This is projected to boost the global one-component foam market during the forecast period.
- One-component foam products and raw materials required in its production are derived from crude oil or fossil fuel. Raw materials such as methylene diphenyl diisocyanate, polyether polyol, and polyester polyol are primarily produced from crude oil products.
- Prices of crude oil are highly volatile, due to changing international tariff rates for imports and exports that impact trade volumes. Highly fluctuating crude oil prices and raw material prices are likely to hamper the global one-component foam market during the forecast period.
COVID-19 Impact Analysis
- Various governments have enforced nationwide lockdowns as part of measures to limit the spread of COVID-19. As a result, the construction industry had to halt their operation, due to the shortage of workforce. Decrease in construction activity is anticipated to adversely impact the demand of one-component foams, as these foams are extensively used as insulator, sealant, filler, or adhesives in the construction industry.
Global One-component Foam Market: Key Segments
- The global one-component foam market can be segmented based on raw material, application, and region
- Based on raw material, the global one-component foams market can be segregated into methylene diphenyl diisocyanate, polyether polyol, and polyester polyol. Polyether polyol is one of the key raw materials used in the manufacture of one-component foam products. It is widely used in the foam industry owing to its high flexibility. The polyether polyol segment is projected to expand significantly during the forecast period.
- Based on application, the one-component foam market can be divided into door & window frame jambs, ceiling & floor joints, partition walls, and water pipes
Global One-component Foam Market: Regional Analysis
- Geographically, the global one-component foam market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to be a leading consumer of one-component foam products, followed by North America and Europe, in the near future.
- Rise in demand for self-adhesive and self-hardening materials in China, India, and South Korea is expected to fuel the demand for one-component foams during the forecast period
- Increase in demand for foams and insulations in the building & construction industry across developing markets of Asia Pacific, such as China, India, Indonesia, and Vietnam, is expected to offer lucrative opportunities for companies operating in the one-component foam market in the region in the near future
- Rise in FDI in the construction industry in developing economies of Asia Pacific is a primary factor anticipated to fuel the market in the region during the forecast period
- Increase in demand for insulating, adhesive, and self-hardening materials is likely to boost the one-component foam market in North America and Europe in the next few years
- Recovery of economy in Latin America and growth of construction activities in Middle East & Africa are key factors likely to boost the market in these regions during the forecast period
Key Players Operating in Global Market
Key companies operating in the global one-component foam market are
- Polypag
- Soudal Group
- Den Braven Sealants
- Tremco illbruck
- Henkel AG & Company
- Krimelte OÜ
- DOW Chemical Company
- Profflex Mounting Foams
Global One-component Foam Market: Research Scope
Global One-component Foam Market, by Raw Material
- Methylene Diphenyl Diisocyanate
- Polyether Polyol
- Polyether Polyol
Global One-component Foam Market, by Application
- Door & Window Frame Jambs
- Ceiling & Floor Joints
- Partition Walls
- Water Pipes
Global One-component Foam Market, by Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
