Press release
Foam Blowing Agents Market Growth Factors, Competitive strategies, Regional Analysis, Opportunities And Segmentation With growing CAGR Forecast to 2023
Defination:-Foam blowing agents are widely used in the end-user industries such as automobile, packaging, building & construction, electrical and electronics, and others. The global foam blowing agents market is spanned across five regions of the world namely North America, Latin America, Asia Pacific, Europe and the Middle East & Africa.
Among these, Asia Pacific holds a major share of the global market and is projected to continue leading owing to the growing industrialization and urbanization, especially in the developing economies in the region. The major countries attributing to this growth are China and India. The presence of the most populated countries has augmented the construction and automotive sector, which, in turn, is expected to boost the market growth during the forecast years. Moreover, the growing consumption of electronics and packaged food has positively impacted the foam blowing agents market.
The extensive use of foam blowing agents from the end user industries is projected to drive the market growth during the forecast period, 2017-2023
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Global Competitive Analysis:-
Some of the prominent players operating in the global foam blowing agents market are Arkema S.A. (France), Honeywell International Inc. (U.S.), Exxon Mobil Corporation (U.S.), E.I. du Pont de Nemours & Company (U.S.), Haltermann GmbH (Germany), Harp International Ltd. (U.K.), Daikin Industries Ltd. (Japan), Sinochem Group (China), Solvay S.A. (Belgium), and ZEON Corporation (Japan) among others.
Segmentation
The global foam blowing agents market is segregated into chemistry, product type, and end-user industry. On the basis of the chemistry, the global market is segmented into physical foam blowing agents and chemical foam blowing agents. Among the product type, the global foam blowing agents market is classified into hydrochlorofluorocarbons (HCFC), hydrofluorocarbons (HFC), hydro Carbons (HCS), hydrofluoroolefin (HFOS) and others. On the basis of the application, the global market is segmented into polyurethane foam (PU), polystyrene foam (PS), phenolic foam, polyolefin foam, and others.
Geographical Outlook:-
North America is dominating the foam blowing agents market and is expected to retain its dominance during the forecast years. The developed end-user industry coupled with the increasing adoption rate is the major factor driving the market growth. The growing investment in the construction sector mainly in the U.S and Canada is further expected to surge the market growth. Furthermore, the growing consumption of packaged food products has further surged the use of foam blowing agents in the packaging industry.
European market of foam blowing agents is set to grow at a steady pace during the forecast period. The presence of the developed automobile sector and pharmaceutical sector are the major factors contributing to the market growth. Furthermore, the growing working population has augmented the demand for on-the-go food and beverage products, in turn, adding to fuel to the market growth owing to the extensive use of foam blowing agents in the food packaging industry.
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Intended Audience
Foam blowing agents market manufacturers
Traders and Distributors of Foam blowing agents market
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory
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