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.

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Segment Analysis
Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Product Type Analysis
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Hydrochlorofluorocarbons (HCFCs), Hydrofluorocarbons (HFCs), Hydrocarbons, and Others
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HFC is estimated to lead the blowing agents market during the forecast period.
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Foam Type Analysis
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Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polyolefin Foam, and Others
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Polyolefin foam is estimated to be the fastest-growing segment.
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Regional Analysis
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North America, Europe, Asia-Pacific, and Rest of the World
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Asia-Pacific is estimated to be the largest blowing agents’ market during the forecast period.
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By Product Type
"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.
Regional Anlaysis
"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.

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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 market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Market 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
- Hydrofluorocarbons
- Hydro Carbons
- Others
By Foam Type
- Polyurethane Foam
- Polystyrene Foam
- Phenolic Foam
- Polyolefin Foam
- Others
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)
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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
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