BASF SE, SAINT-GOBIN and COVESTRO AG are dominating Germany Foam Insulation Market in 2019

 

Germany Foam Insulation Market is expected to grow with the CAGR of 6.5% in the forecast period of 2020 to 2027. The years considered for study are mentioned below.

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Germany foam insulation market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed various strategic developments owing to favourable market scenario.

The major players dealing in Germany foam insulation market are introducing strong range of product portfolio. This helped company to maximize the sales with enhanced product portfolio.

For instance, in May, BASF SE launched new product SLENTEX at (IEX) Insulation Expo Europe in Cologne. The product is totally based on mineral raw materials. It will help the company to improve the  product showcase and able to increase the market share.

BASF SE is the dominating player in Germany in the Germany foam insulation market. The other key players existing in the market includes Kingspan Group, Recticel NV/SA, IKO Industries Ltd., Knauf Insulation, Bauder Ltd, Unilin, Bridgestone Corporation, Soprema, The Dow Chemical Company, Covestro AG, Huntsman International LLC, Owens Corning, Saint-Gobain, armacell, Johns Manville, Trocellen GmbH, ICYNENE.

BASF SE

BASF SE headquartered in Ludwigshafen, Germany which was founded in 1865. The company is engaged in providing chemicals, plastics, performance products and crop protection products to oil and gas. The company performs its business through segments such as Functional Materials & Solutions, Chemicals, Performance Products and Agricultural Solutions, among which performance products is market focused segment.

The company has presence in Americas, Asia, Middle East and Africa and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as BASF Coatings GmbH (Germany), Wintershall (Germany), BASF Japan (Japan), Engelhard (U.S.), PCI Augsburg GmbH (Germany), Cognis (Germany) and others.

Saint- Gobain

Saint- Gobain headquartered in Courbevoie, France which was founded in 1665. The company designs, produces and distributes materials that creates great living places and improve daily life. The company performs its business through segments such as innovative materials, construction products, building distribution, others among which construction products, building distribution are market focused segments.

The company has wide global presence in Northern Europe, Southern Europe-MEA, Americas, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Placoplatre (France), CertainTeed Corporation (U.S.), Jewson (U.K.), Saint-Gobain Rigips (Germany), British Gypsum (U.K.), Norton Abrasives (U.S.) among others.

Covestro AG

Covestro AG has headquartered in Leverkusen, Germany and it was established in year 1863. The company is engaged in providing polymers and polyurethane products for wide range of applications. The company offers wide range of applications such as polyurethanes, polycarbonates, coatings, adhesives, specialties and others among which Polyurethanes is market focused category.

For instance,

  • In June 2017, Covestro AG asks for support in order to protect the Chinese homes to the government and is forcing polyurethane wind turbines in China and with that the demand for home insulation can be replicated in china by the government.
  • The company has presence in Americas, Europe and Asia. In addition to it, the company also generates its revenue from the various subsidiary companies such Covestro S.r.l (Italy), Covestro Second Real Estate Gmbh (Germany), Covestro Elastomers SAS (France) and others.

Recent Strategic Decisions

Germany Foam Insulation Market