Press release
Foam Blowing Agents Market Trends by Key Players: Sinochem Group, AkzoNobel, Zeon Corporation, Honeywell, DuPont
Foam Blowing Agents Market is projected to exceed USD 1.1 billion according to this new research report.
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The global construction expenditure is likely to exceed USD 13 trillion by 2024. Higher residential as well as commercial investment trends in accordance to positive infrastructure outlook will drive the product market in coming years. Such growth prospects of the product end use industries like automotive, packaging, furniture, and construction will propel the foam blowing agents market in the forecast period.
Rising product demand from the packaging and industry medical devices is likely to propel the market growth in the forecast period. The medical devices industry was over USD 300 billion, in 2016 and bears brighter future aspects owing to the increasing consumer health consciousness and their rising spending towards health. This presents growth opportunities for product market, especially for packaging during transport.
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Polyolefins segment generated over USD 90 million revenue in 2015 and has been witnessing a significant adoption in packaging industry. The ever-growing global trade has encouraged the need for safe and reliable packing of products for their transit. The product will have a significant growth during the forecast period for its shock absorbent packing capability.
Hydrocarbons held more than 50% share of the global product market in 2015 and is probable to reach 7% CAGR in the forecast period. Increasing usage in polyurethane foam finds extensive applications in end-user industries including automotive, appliances, construction, flooring and furnishing.
U.S. market for foam blowing agents is likely to reach USD 100 million during the forecast period. Deep-rooted regional healthcare industry, high awareness among consumers regarding improved living standards and medical devices are the factors supporting market demand.
Key market players are Haltermann GmBH, AkzoNobel N.V., Honeywell International Inc., Exxon Mobil Corporation, Solvay S.A., ZEON Corporation, Sinochem Group, Daikin Industries Ltd, E. I. du Pont de Nemours and Company and Arkema S.A.
Browse Full Report @ https://www.gminsights.com/industry-analysis/foam-blowing-agents-market
Partial Chapter of the Table of Content
Chapter 5 Foam Blowing Agents Applications Insights
5.1 Foam blowing agents market share by product, 2015 & 2024
5.2 Polyurethane
5.2.1 Global market estimates and forecast, 2013 - 2024
5.2.2 Global market estimates and forecast, by region, 2013 - 2024
5.3 Polystyrene
5.3.1 Global market estimates and forecast, 2013 - 2024
5.3.2 Global market estimates and forecast, by region, 2013 – 2024
5.5 Polyolefins
5.5.1 Global market estimates and forecast, 2013 - 2024
5.5.2 Global market estimates and forecast, by region, 2013 – 2024
5.6 Others
5.6.1 Global market estimates and forecast, 2013 - 2024
5.6.2 Global market estimates and forecast, by region, 2013 - 2024
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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