BLOWING AGENTS MARKET - GROWTH, TRENDS, AND FORECASTS (2020-2027)

 

Blowing Agents Market

The Blowing Agents Market is projected to grow at a faster CAGR during the forecast period (2020-2027).

The factors driving the growth of Blowing Agents Market includes increasing application of polymeric foams in the end-use industries such as Construction and Packaging, growing demand for Low Global Warming Potential (GWP) Blowing Agents and increasing investments on the infrastructure projects around the world. As per the report published by IBEF, India is projected to become the third largest Construction Market by the end of 2022, the Government of India allocated USD 1.89 billion for the Smart Cities Mission and provided additional INR 100 Lakh Crore for the development of multi modal connectivity under the PM Gati Shakti. In addition, the partially foamed products improve the dimensional stability, minimizes the cycle time, and helps in removing the sink marks, are some of the additional features boosting the demand for blowing agents. Moreover, the rising technological advancements in the insulation foam–blowing agent and rapid expansion of automotive industry, are further propelling the Blowing Agents Market size.

However, the growth of Blowing Agents Market is hindered attributed to the environmental regulation imposed by the Government on the use of certain chemicals

The major players operating in the market are The Chemours Company, HCS Group, Exxon Mobil Corporation, Honeywell International Inc., Foam Supplies, Inc., Harp International Ltd., Daikin Industries, Ltd., The Chemours Company, Linde, Solvay and Arkema S.A. among others.

Type: Segment Analysis

As per the Blowing Agents Market Analysis, the hydrocarbons segment is anticipated to grow at a significant CAGR over the forecast period. The increasing application of hydrocarbons in refrigeration, roofing and wall cladding along with its thermal insulation properties, are some of the factors responsible for the growth of the segment.

Foam: Segment Analysis

Based on foam, the polyurethane foam segment is expected to expand at a remarkable CAGR during the forecast period attributed to growing application of polyurethane foam in automobiles, household appliances and infrastructure projects.

Regional: Segment Analysis

Based on region, the Asia-Pacific region is predicted to capture the highest market share over the forecast period. The increasing advancements in the construction activities, growing demand for snack foods and frozen foods and favorable Government policies for manufacturing automobiles, are some of the important factors supplementing the Blowing Agents Market share in Asia-Pacific.

Market Segmentation

Global Blowing Agents Market by Chemistry

  • Chemical Blowing Agents
  • Physical Blowing Agents

Global Blowing Agents Market by Foaming Process

  • Exothermic Chemical Foaming Agents
  • Endothermic Chemical Foaming Agents
  • Endothermic & Exothermic Blend Chemical Foaming Agents

Global Blowing Agents Market by Type

  • Hydrofluorocarbons
  • Hydrochlorofluorocarbons
  • Hydrocarbons
  • Others

Global Blowing Agents Market by Foam

  • Polystyrene Foam
  • Polyurethane Foam
  • Polyolefin Foam
  • Phenolic Foam
  • Others

Global Blowing Agents Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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