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 r...