A recently published report by Fact.MR on the One Component Foam market has introduced captivating insights about the progressing market. The market study has revealed that outpacing construction and infrastructure sector have led ample investments in R&D for the advancement of One Component Foam. Rise in consumer preference towards One Component Foam as it enhances durability of household, ease in usability and properties such as quick bonds between materials that prevents air and moisture infiltration. Due to its vital role in the residential and commercial industry, One Component Foam market is anticipated to reflect a robust CAGR of 5.7% in terms of value during the forecast period 2018 – 2027
The report brings a comprehensive analysis of the key aspects responsible to transform growth trajectory of the One Component Foam market. Amplified demand for all seasons OCF with temperature insulation and moisture resistance in developing countries is expected to fuel the One Component Foam market. Ease in availability of raw materials and broad application for the one component foam are few of the leading fillips identified which are expected to drive the One Component Foam market.
Study foresees that stringent environmental regulations in developed regions are expected to increase demand for eco-friendly one component foam which is anticipated to augment One Component Foam market growth. This analysis has shown the dominance of residential segment in end use sectors in the One Component Foam market with almost 50% of the revenue share, and over 5% of CAGR through 2027.
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“One Component Foam is a crucial segment of the construction industry. Facilitating implementation of new technologies allows end users to use One Component Foam at variety of applications. Rising use of the adhesives and insulations in construction sector, One Component Foam is likely to boost the adoption of advanced sealants inn the estimated period.” says lead research analyst, Chemical & Material, at Fact.MR.”
Prominent manufacturers in the One Component Foam market are observed to engross in product enhancement with latest technological developments to enrich their product portfolio as per the consumers demand. Rising demand for the adoption of methylene diphenyl diisocyanate based PU foams in countries like China, US, Japan, India, Germany along with the factors that they are recyclable, and environment friendly is one of the key drivers for the market. Based on the analysis, modern trade channel segment will account for largest revenue share among all sales channel, and surpasses US$ 2,433.7 Mn by the end of 2027.
During the forecast period, china being the major producer of the one component foam markets across globe, the Asia Pacific excluding Japan (APEJ) is anticipated to helm the One Component Foam market, with a noteworthy CAGR of 5.8%. Ameliorating economic situation and low labor costs, especially in South Korea and China, have bolstered growth of the construction industry, in turn, translating lucrativeness of the One Component Foam market.
Based on End use segment, the Door & Windows Jam accounted for the highest market valuation. However, walls and commercial segment is expected to grow with a CAGR of 5.1% during period of 2018-2027 against the backdrop of rising public infrastructure projects in APEJ and North America.
Leading emphasis is given on changing regulatory standards regarding environmental concerns and their impact on polyurethane foams market growth. As manufacturers modify their production tactics towards developing advanced product innovation, One Component Foam market is likely to witness novel product advances to meet stringent regulations and standards. The analysis elaborates strategies of manufacturers developing novel compositions and products of One Component Foam suitable to modern design preferences of next-gen architectural buildings.