Press release
Blowing Agents Market Sales Strategy, Revenue Generation |Top 10 Key Players & Forecast to 2023
Market OverviewThe blowing agent is a chemical additive, which is widely used in the generation of gas to expand rubber, plastics, and ceramics, which results in the creation of foam. The use of blowing agent offers a range of advantages such as lightweight, heat insulation, sound & shock absorbency, elasticity, electrical insulation, permeability, and others.
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Global Top 10 Key Players
Some of the manufacturers operating in the global blowing agents market are Solvay (Belgium), The Dow Chemical Company (U.S.), INEOS Group (Switzerland), DAIKIN INDUSTRIES, LTD. (Japan), Arkema (France), BASF SE (Germany), SINOCHEM GROUP (China), ZEON CORPORATION (Japan), Harp International Ltd. (U.K), Honeywell International Inc. (U.S.), Exxon Mobil Corporation (U.S.), AkzoNobel N.V. (Netherlands), and The Chemours Company (U.S.).
Intended Audience
Blowing Agents Manufacturers
Traders and distributors of Blowing Agents
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory
Regional Analysis
The global blowing agents market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific dominated the global blowing agents market in 2016 owing to high demand for blowing agents from the automotive and construction industry. The increasing demand for lightweight automotive due to increasing environmental concerns is expected to drive the market growth in the region.
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Europe accounted for the second largest market share in the year 2016 on account of the high production and sales of automotive parts in Western European countries. North America is expected to witness a considerable growth on account of the high demand from the reviving construction, automotive, and aerospace industry. Latin America is projected to witness a considerable growth due to growing automotive industry in Mexico, Brazil, and others. The Middle East & Africa is likely to witness significant growth due to the burgeoning infrastructural investments in the GCC countries.
Segmentation
The global blowing agents market is segmented on the basis of the type, product, application, and region. On the basis of the type, the global blowing agents market is segmented into exothermic and endothermic. Based on the product, the global market is segmented into hydrochlorofluorocarbons, hydrofluorocarbons, hydrocarbons, and hydrofluoroolefins. On the basis of the application, the market is segmented into rigid polyurethane, flexible polyurethane, integral skin polyurethane, polystyrene, polyolefin, phenolic, and others.
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