Middle East and Africa Polyurethane Foam Market is expected to grow at a substantial CAGR of 4.4% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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Middle East & Africa polyurethane foam market is a strongly growing market, which includes specific number of key players as well as local players. The market has witnessed increase in various strategic developments owing to favourable market scenario.
The major players dealing in Middle East & Africa polyurethane foam market are taking strategic decisions like acquisition, partnership and others. This helped company to maximize the sales in Middle East and Africa region with enhanced product portfolio. For instance In August, 2018, Saint-Gobain acquired the thermal insulation manufacturer company named as HKO. Through this company enhanced their product offering for the polyurethane foam in various applications like automotive, coating, building and others.
The Dow Chemical Company is dominating Middle East & Africa polyurethane foam market. The other key players existing in the market includes Saint-Gobain, BASF SE, Recticel NV/SA, armacell, Covestro AG, FSI, Huntsman International LLC., WanhuaChemical Group Co.,Ltd,.
The Dow Chemical Company
Dow Chemical Company was founded in 1897 and is headquartered in Michigan, United States. The company is engaged in delivering a broad range of innovative and technology-based products and solutions in the packaging, industrial and infrastructure, and consumer care industries. Company operate their business through various segment such as coatings & performance monomers, construction chemicals, consumer solutions, crop protection, electronics & imaging, energy solutions, hydrocarbons & energy, industrial biosciences industrial solutions, nutrition & health, packaging and specialty plastics, polyurethanes & cav, safety & construction, seed, transportation & advanced polymers and others. The company offers wide range of products such as acrylic binder, acrylic emulsion polymer, cellulose ether, isocyanate, polyol, rheology modifier, thermoplastic, hydrocarbons, plastic additive, monomers, polyolefin dispersion specialty additive, acrylic copolymer, binder, hydrophobic copolymer dispersant, mbs impact modifier, opaque polymer, redispersible latex powder, propylene glycol, emulsion polymer, polyols, copolymer styrenated, acrylic emulsion and acrylic polymer, thermosetting acrylic, polyacid dispersant, acrylic polymer dispersant, styrene acrylic binder, acrylic impact modifier, capstockresin, acrylic processing aid, dilutentplastics additive and polyurethane systems which is focused product category for the market.
- In September 2018, Dow Polyurethanes division of the Dow Chemical Company introduced new TRAFFIDECK GO Center in Germany. This centre is focused to address the need of PU foam in transportation flooring to make it durable and protected.
Company also generates its revenues through subsidiaries like Dow Agroscience (U.S.), Dow Corning (U.S.), DuPont Pioneer (U.S.) among others. Company operates in various regions such as it has presence in United States, EMEA and Rest of the World.
Saint-Gobain
Saint-Gobain was founded in 1665, and is headquartered in Paris, France. The Company is engaged in building strong industrial capabilities and capacity for innovation. Company operates through various segments such as innovative materials, construction products and building distribution. It offers wide range of product portfolio such as exterior finishing, technological materials, energy efficiency solutions, distribution and services solutions, and interior finishing which is market focused solution.
- In October 2018, Saint-gobain acquired Kaimann company by acquiring its 100 percent shares. Kaimann is a manufacturer of elastomeric insulation products. This acquisition will expand the company's product portfolio with the addition of new insulating solutions.
Some of the subsidiaries of the company are Placoplatre (France), CertainTeed Corporation (U.S.), Jewson (U.K.), Saint-Gobain Rigips (Germany), British Gypsum (U.K.), Norton Abrasives (U.S.). Company has presence in different regions like Northern Europe, Southern Europe –MEA, Americas and Asia-Pacific.
BASF SE
BASF SE was incorporated in 1865, and is headquartered in Ludwigshafen, Germany. The company is engaged in the manufacturing and distribution of chemicals, plastics, performance products, crop protection products and products regarding oil and gas. It offers wide range of products such as agriculture, automotive & transportation, chemicals, construction, electronics & electrics, energy & resources, furniture & wood, home care & I&I cleaning, nutrition, packaging & print, paints and coating, personal care & hygiene, pharmaceuticals, plastic & rubber, pulp & paper, leather, footwear & textile. Company operates its business through segments like functional materials & solutions, chemicals, performance products, agricultural solutions and oil & gas.
- In April 2018, BASF signed agreement to acquire GRUPO THERMOTEK, a waterproofing systems supplier company. This will enhance the company’s product portfolio with the addition of new products developed for the construction industry.
Some of the subsidiaries of the company are BASF Coatings (Germany), Wintershall (Germany), Cognis (Germany), Engelhard (USA), PCI Augsburg GmbhH (Germany), BASF Japan (Japan), BASF India Lt d (India). The company has global presence in Germany, North America, Asia Pacific, Europe (excl. Germany) and South America, Africa, Middle East.
