One Component Polyurethane Foams (OCF) are organic compounds formed by the reaction of a glycol with an isocyanate, and are used to fill gaps, fix door and window frames, waterproof decks, partition walls, and wooden floors, among others. These are high-performance thermal and acoustic insulating materials having high elasticity and excellent abrasion resistance. These foams are composed of polyurethanepolymer, pigments, polyols, fillers, and additives, and are used to fill and seal joints in buildings and structures. The one component polyurethane foam marketis estimated at USD 2.38 billion in 2017 and is projected to reach USD 3.37 billion by 2022, at a CAGR of 7.2% from 2017 to 2022. Increasing demand for one component polyurethane foams from the building & construction, fire retardants, and consumer sectors are expected to drive the market.
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Based on raw material, the polyether polyols segment is expected to be the fastest-growing segment of the one component polyurethane foam market from 2017 to 2022. Polyether polyols are widely used in the manufacture of one component polyurethane foams as these provide high flexibility to foams. These flexible foams are widely used in cushioning applications such as furniture, bedding, and car seats.
The door & window frame jambs segment is estimated to be the fastest-growing application segment of the one component polyurethane foam marketduring the forecast period. Technological advancements are fueling the demand for one component polyurethane foams in the mature North American and European markets. The superior qualities of polyurethane foam, such as short cure time, high performance, greater adhesion to a variety of substrates, resistance to chemicals and gas, and various other innovations are expected to lead to the growth of this application segment.
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The Asia Pacific is projected to be the fastest-growing market for one component polyurethane foam during the forecast period. The Chinese market for one component polyurethane foam has grown rapidly and is projected to witness high growth in the near futuredue to the shift of the global one component polyurethane foam production facilities to the country. Countries such as India, Thailand, and Indonesia are investing heavily in various end-use industries, which is expected to lead to the growth of the one component polyurethane foam market in these countries.