Blowing Agents Market Insights
Blowing Agents Market is likely to witness an impressive CAGR of 5.7% during the forecast period. The major factor driving the growth of the blowing agents’ market is the growing construction, electronics, and automotive industries, in the emerging economies of the Asia-Pacific region. In addition, the global increase in the application of polymeric foam and growing demand for blowing agents in various applications for the production of foams for use in the automotive, construction, and appliance industries from the developing countries are also likely to drive the growth of the market during the forecast period.
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Blowing Agents Market - Snapshot
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Growth
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5.7% for the next five years
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Dominant Product Type
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Hydrofluorocarbons (HFC)
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Major Foam Type
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Polyurethane Foam
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Region with the highest demand
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Asia-Pacific
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Key Players
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Arkema S.A., Daikin Industries, Ltd., DuPont de Nemours, Inc., Exxon Mobil Corporation, Foam Supplies, Inc., Haltermann Carless Deutschland GmbH, Harp International Ltd., Honeywell International Inc., Solvay S.A., and The Linde Group
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Market Share Analysis
Blowing Agents Market Share: By Product Type
Based on the product type, the market is segmented as hydrochlorofluorocarbons, hydrofluorocarbons, hydro carbons, and others. HFC is estimated to lead the blowing agents market during the forecast period. The utilization of HFC blowing agent is rapidly increasing after the phase-out of HCFCs, the usage is quite higher, specifically in the developing regions. Factors such as cost-effectiveness and the low GWP, as well as ODP of blowing agents as compared to HCFC, is the major reason for increasing consumption of HFC blowing agent.
Blowing Agents Market Share: By Foam Type
Based on the foam type, the market is segmented as polyurethane foam, polystyrene foam, phenolic foam, polyolefin foam, and others. Polyolefin foam is estimated to be the fastest-growing segment, whereas polyurethane foam is expected to have the largest share of the market for blowing agents by foam type, during the forecast period.
Polyurethane foam has several applications across the globe and is widely used for thermal insulation in buildings, household appliances, and transport systems. Further, it is also used in seating, bedding, carpet backing, electronic, computer, shoe soles, dash panel, and other applications. Hence, the constant demand for polyurethane foams for various applications in these industries is expected to drive the growth of the blowing agents’ market during the forecast period.
Blowing Agents Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the largest blowing agents’ market during the forecast period, with China, Japan, India, South Korea, Thailand, and Indonesia being the major countries with lucrative growth opportunities. The increase in the usage of hydrocarbons, unsaturated HFCs, major production base of HCFC blowing agents situated in China, and other chemical blowing agents are the prime factors contributing to the growth of the market in the region during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Some of the key players in the blowing agents’ market are-
- Arkema S.A.
- Daikin Industries, Ltd.
- DuPont de Nemours, Inc.
- Exxon Mobil Corporation
- Foam Supplies, Inc.
- Haltermann Carless Deutschland GmbH
- Harp International Ltd.
- Honeywell International Inc.
- Solvay S.A.
- The Linde Group
Market Scope & Segmentation
A Blowing Agent is a substance which has the capacity to produce a cellular structure by a foaming process in different types of materials that go through the process of hardening or phase transition such as plastics, metals, and polymers. These blowing agents are usually applied when the blown material is in a liquid stage. The cellular structure in a matrix decreases the density, increasing thermal and acoustic insulation, while giving rise to the relative stiffness of the original polymer.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Blowing Agents Market Research Report - Features
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Market Segmentation
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5
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The blowing agents’ market is segmented into the following categories.
Blowing Agents Market Size, Share, & Forecast, by Chemistry Type:
- Physical Blowing Agents (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Chemical Blowing Agents (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Blowing Agents Market Size, Share, & Forecast, by Foaming Agent Process Type:
- Endothermic Chemical Foaming Agents (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Exothermic Chemical Foaming Agents (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Endothermic and Exothermic Blend Chemical Foaming Agents (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Blowing Agents Market Size, Share, & Forecast, by Product Type:
- Hydrochlorofluorocarbons
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: HCFC-141b, HCFC-142b, HCFC-22, and Other HCFCS)
- Hydrofluorocarbons
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: HFC-245fa, HFC-134a, HFC-365mfc/227ea, and HFC-152a)
- Hydro Carbons
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: N-Pentane, Cyclopentane, Isopentane, Isobutane, N-Butane, and Other HCS)
- Others
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: Hydrofluoroolefin (HFOS), Inert Gases, and Methyl Formate)
Blowing Agents Market Size, Share, & Forecast, by Foam Type:
- Polyurethane Foam
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Foam Type Analysis: Appliances, Apparel, Automotive, Building and Construction, Flooring, Furnishing, Marine, Medical, and Packaging)
- Polystyrene Foam
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Foam Type Analysis: Building and Construction, Food Packaging, and Other Applications)
- Phenolic Foam
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Foam Type Analysis: Building and Construction, Insulation, and Other Applications)
- Polyolefin Foam
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Foam Type Analysis: Automotive, Medical, Building and Construction, Packaging, and Other Applications)
- Others
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Foam Type Analysis: Automotive, Building and Construction, Packaging, and Other Applications)
Blowing Agents Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation by any one of the product types by foam type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
