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The global foam insulation market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. BASF SE dominated the foam insulation market accounting for a highest market share in 2016, followed by SAINT-GOBAIN, The Dow Chemical Company and Covestro AG. Other players in this market include are Huntsman Corporation, Kingspan Group Plc, Lapolla Industries, Inc., Owens Corning, Saint-Gobain, Recticel Group, Armacell International SA, Johns Manville, Demilec USA, Inc. and Icynene among others.
BASF SE:
Founded in 1865 and headquartered at Ludwigshafen, Germany. BASF create chemistry for a sustainable future. The company operates in five business segment namely chemicals, performance products, functional materials & solutions, agricultural solutions and oil & gas. The functional materials & solutions offers engineering plastics, surface treatment solutions, catalysts, concrete and mixtures for construction, chemical, automotive industries and for household application.
BASF operates in various locations across the globe namely Europe, North America, Asia-Pacific and South America, Africa, Middle East. Some of its subsidiaries include Wintershall, Cognis, BASF Coatings, Engelhard, BASF India Ltd., PCI Augsburg GmbH, BASF Japan, Siegfried PharmaChemikalien Minden GmbH and many more subsidiaries across the globe.
Recent Development:
In June, 2017, launch of an eco friendly spray foam insulation named as Elastospray which will help in building’s interior finish and restoration.
THE DOW CHEMICAL COMPANY:
Founded in 1897 and headquartered at Midland, Michigan, U.S.. Dow combines the power of science and technology to passionately innovate what is essential to human progress. The company operates in five business segment namely performance plastic, performance materials & chemicals, infrastructure solution, consumer solution and agriculture sciences. Infrastructure solution segment offers industrial coatings, building insulation products whereas its consumer solution segment includes chemistries for varied applications such as adhesives, foams, building insulation products and many more.
The Dow Chemical Company operates in various locations across the globe namely Europe, North America, Asia-Pacific and South America, Africa, Middle East. Some of its subsidiaries include Dow AgroSciences, Rohm and Haas, Mycogen Seeds, Americas Styrenics LLC, Dow Global Technologies Inc, Dow Chemical Korea Ltd, Dow Chemical Korea Dow Chemical International Ltd and many more subsidiaries across the globe.
Recent Development:
In September, 2017, launched of GREAT STUFF PRO, a water-based, one-component compressible spray foam in respect to improve air sealing by making gasket between framing and drywall.
COVESTRO AG:
Founded in 2015 and headquartered at Leverkusen, Germany. Covestro is the leading suppliers of premium polymers. Innovation and sustainability are the driving forces behind the continuous development of the company’s products, processes and facilities. The core business comprises three segments include polyurethanes, polycarbonates, coatings, adhesives & specialties.
Recent Development:
In Febuary, 2016, launched Bayseal OCX, an open cell spray polyurethane foam insulation for economical application used as a fire resistant and can save time and money.
