One Component Foam Market Predicted to Reach Maximum Revenue and CAGR during 2018 to 2027
According to the most recent study published by FactMR, the sales of over 508,661 one component foam cans were recorded in 2018, worldwide, and it is expected to increase by 5% in 2019 over 2018. The FactMR study provides a thorough analysis on developments in the one component foam market to predict future prospects of the market. The FactMR study presents a detailed assessment on global growth parameters of one component foam market along with information about how local markets for one component foam will grow in the foreseeable future.
The one component foam market report addresses the below-mentioned queries:
- Why are vendors shifting away from traditional methods of manufacturing one component foam?
- How does the global one component foam market looks like in the next five years?
- Which end use industry is expected to surpass segment by the end of 2027?
- What innovative products are being introduced by the players in the global one component foam market?
China continues to hold huge potential for sales of one component foam. Being one of the leading polyurethane producers, manufacturers benefit from the consistent supply and steady prices of raw materials in the country. Additionally, vigorous rise of the industrial sector, in parallel to the improving economic conditions in China, has been paving lucrative avenues for the one component foam manufacturers to bank on. In the coming future, Chinese manufacturers of one component foam are aiming to offer more sustainable and energy-efficient products to further expand profitable sales while syncing with the dynamic preferences of end-users.
Recent trends in the one component foam market in China indicate a palpable shift towards environmentally sustainable one component foam as the polyurethane foam industry released harmful gases and HCFC agents in the environment. The possibility of the government banning polyurethane foams is coaxing one component foam manufacturers in the country to modify their salient strategies and adopt environmentally friendly, albeit less profitable, manufacturing processes.
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APEJ to be a Lucrative Region for One Component Foam Market Stakeholders
The study finds Asia Pacific region excluding Japan (APEJ) to be the fastest growing market for one component foam, with significant hold of emerging economies in the region on recent developments. The APEJ region alone accounts for over one third of the global sales of one component foam, and it will continue to be the largest market for one component foam in the upcoming years, according to the study. China and India are among the most attractive countries for stakeholders in the one component foam market owing to the availability of raw materials and high consumption of one component foam, which is attributed to the increasing growth of the end-user industries.
Sealants and Adhesives – Most Popular Applications of One Component Foam
The FactMR study provides a holistic assessment on growth of the one component foam market across its various segments. On analyzing the rise in number of applications of one component foam across various industrial sectors, the study finds that one component foam sealants and adhesives are witnessing highest demand. One component foam sealants and adhesives, together, accounted for nearly 75% volume share in the one component foam market in 2018.
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However, the FactMR study finds that demand for insulation and filling applications of one component foam are likely to rise, which will make a substantial change in dynamics of the one component foam market. With the recent developments in residential as well as industrial and commercial infrastructures, end-users are experimenting with the applications of one component foam to benefit from unique properties of one component polyurethane foam. The FactMR report analyzes various trends and other microeconomic factors that can influence growth prospects of the one component foam market in the upcoming years. 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.
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