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    Blowing Agents Market Report Analysis

    Blowing Agents Market Report Analysis
    Report code - SRAM359 Delivery - 2 Weeks
    Blowing Agents Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppor See more...

    "Blowing Agents Market is likely to witness an impressive CAGR of 5.7% during the forecast period".

    Market Dynamics

    Introduction

    A Blowing Agent is a substance that can 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.

    Market Drivers

    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 developing countries are also likely to drive the growth of the market during the forecast period.

    Segments' Analysis

    Blowing-Agents-Market-Dominant-Segments

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    By Product Typ

    "HFC is estimated to lead the blowing agents market during the forecast period"

    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.

    By Foam Type

    "Polyolefin foam is estimated to be the fastest-growing segment"

    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.

    By Region

    "Asia-Pacific is estimated to be the largest blowing agents’ market during the forecast period"

    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.

    Blowing-Agents-Market-By-Region

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    Segmentation

    This report studies the market covering 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.

    The blowing agents market is segmented into the following categories. 

    By Chemistry Type:

    • Physical Blowing Agents 
    • Chemical Blowing Agents 

    By Foaming Agent Process Type:

    • Endothermic Chemical Foaming Agents 
    • Exothermic Chemical Foaming Agents 
    • Endothermic and Exothermic Blend Chemical Foaming Agents 

    By Product Type:

    • Hydrochlorofluorocarbons
      • (Product Type Analysis: HCFC-141b, HCFC-142b, HCFC-22, and Other HCFCS)
    • Hydrofluorocarbons
      • (Product Type Analysis: HFC-245fa, HFC-134a, HFC-365mfc/227ea, and HFC-152a)
    • Hydro Carbons
      • (Product Type Analysis: N-Pentane, Cyclopentane, Isopentane, Isobutane, N-Butane, and Other HCS)
    • Others
      • (Product Type Analysis: Hydrofluoroolefin (HFOS), Inert Gases, and Methyl Formate)

    By Foam Type:

    • Polyurethane Foam
      • (Foam Type Analysis: Appliances, Apparel, Automotive, Building and Construction, Flooring, Furnishing, Marine, Medical, and Packaging)
    • Polystyrene Foam
      • (Foam Type Analysis: Building and Construction, Food Packaging, and Other Applications)
    • Phenolic Foam
      • (Foam Type Analysis: Building and Construction, Insulation, and Other Applications)
    • Polyolefin Foam
      • (Foam Type Analysis: Automotive, Medical, Building and Construction, Packaging, and Other Applications)
    • Others
      • (Foam Type Analysis: Automotive, Building and Construction, Packaging, and Other Applications)

    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)

    Key Players

    The following are the key players in the Blowing Agents Market  (arranged alphabetically)

    • 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

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence most comprehensively. 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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    in-depth Analysis of the Blowing Agents Market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    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 sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Driven by the factors like increase in the application of polymeric foam and growing demand for blowing agents in various applications, the blowing agents market is expected to witness an impressive growth of 5.7% CAGR in the foreseeable future.

    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 are among the key players in the blowing agents market.

    Asia-Pacific is expected to remain the largest blowing agents market during the next five years.

    Polyurethane foam is expected to have the largest share in the blowing agents market.

    HFC is expected to lead the blowing agents market in the coming years.

    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.

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