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.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Location: United States

Comments

Post a Comment

Popular posts from this blog

Restaurant Point Of Sale Terminal Market Share Report & Forecast 2029

Image
  The Restaurant Point-of-Sale Terminal Market is estimated to witness a growth of CAGR 8.5% during the forecast period, 2022-2029. The factors driving growth of the Restaurant Point-of-Sale Terminal Market includes increasing deployment of point-of-sale systems at restaurants, breweries, and nightclubs, rise in the volume of contactless payment transactions, growing popularity of online food delivery applications such as Swiggy, Zomato and Uber Eats and improvements in the living standards. Moreover, technological advancements in point-of-sale systems, Point of Sale Terminals offer online orders, e-wallets, table reservations and loyalty programs, rising focus by restaurants on streamlining operations, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, strategic collaborations between enterprises and growing
Read more

Managed Print Services Market Size, Share, & Growth Analysis - 2020-2027

Image
  Managed Print Services Market The Managed Print Services Market is estimated to reach USD 70 billion by 2027, growing at a CAGR of 8.2% over the forecast period (2020-2027). The factors driving the growth of Managed Print Services Market includes digital transformation across the industry verticals such as Banking, Financial Services, and Insurance (BFSI), Healthcare and Telecommunication, emerging need to reduce paper wastage and growing trend of Bring Your-Own Device (BYOD). According to the report published by Environmental Paper Network, the consumption of paper worldwide has drastically increased by 400% over the last four decades, on an average a citizen in the United States uses more than 700 pounds of paper every year, which will boost the Managed Print Services Market Growth in the approaching years. Moreover, the growing adoption of Cloud Computing and Big Data Analytics by the major organizations, increasing investments by the leading players on research and development
Read more

Crypto Asset Management Market size, share & Trends Forecast 2028

Image
  The Crypto Asset Management Market was estimated around USD 315 million in 2020 and is predicted to grow at a CAGR of 21.1%, over the forecast period (2021-2028). The factors driving growth of the market includes rise in the number of institutional investors and wealth managers investing first time in crypto currency, surge in the volumes of online transactions around the world, emerging need to secure cryptocurrency assets, Government initiatives promoting digitalization and improvements in the living standards. Cryptocurrency asset management platforms allow investors to manage different wallets in one spot, simplifies the management of the developing crypto asset for seasoned traders, and helps users to increase their portfolio, are some of the features pushing the Crypto Asset Management Market size . Moreover, increasing adoption of cryptocurrency across industry verticals such as Healthcare, Retail and Commerce, BSFI, advancements in Internet of Things (IoT) and Artificial Inte
Read more