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Global Blowing Agents Market Business Opportunities, Current Trends & Industry Analysis by Key Players like Exxon Mobil Corporation, Honeywell International Inc., The Linde Group, Solvay, Arkema Group Social Media Hub, DAIKIN INDUSTRIES, Ltd.
Global Blowing Agents Market
Global Blowing Agents Market by Chemistry (Physical Blowing Agents, Chemical Blowing Agents); Foaming Agent Process (Endothermic, Exothermic, Endothermic & Exothermic Blend); Product Type (HCFCS, HFCs, HCS); Foams (PU, PS, Phenolic Foam, Polyolefin Foam); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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The Global Blowing Agents Market accounted for USD 1.12 billion in 2016 and projected to grow at a CAGR of 7.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Competitive Landscape: Global Blowing Agents Market
The global blowing agents market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Blowing Agents Market
Some of the major players in global blowing agents market include Exxon Mobil Corporation, Honeywell International Inc., The Linde Group, Solvay, Arkema Group Social Media Hub, DAIKIN INDUSTRIES, Ltd., DuPont, Haltermann Carless Deutschland GmbH, Foam Supplies, Inc., Harp International Ltd., and others.
Market Definition: Global Blowing Agents Market
Blowing agent is the substance that produces gas used in making expanded cellular or spongy products. It is mostly added to liquid foods that facilitates the formation of foam or bubbles in drinks. High growth in global polymeric foams market and growing Chinese market may act as the major driver in the growth of blowing agents market. High cost of shifting technology may hamper the market.
Major Market Drivers: Global Blowing Agents Market
• High growth in global polymeric foams market
• Growing Chinese market
• Increased demand of blowing agents in construction, automotive and appliances industry
• Frequent changes in the choice of blowing agents with respect to environmental regulations
• High cost of shifting technology
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Market Segmentation: Global Blowing Agents Market
The global blowing agents market is segmented on the basis of chemistry into physical blowing agents, and chemical blowing agents.
On the basis of foaming agent process, the global blowing agents market is segmented into endothermic chemical foaming agents, exothermic chemical foaming agents, and endothermic and exothermic blend chemical foaming agents
On the basis of product type, the global blowing agents market is segmented into Hydrochlorofluorocarbons (HCFCS), Hydrofluorocarbons (HFCs), Hydro Carbons (HCS), and others. The Hydrochlorofluorocarbons (HCFCS) segment is sub segmented into HCFC-141b, HCFC-142b, HCFC-22, and
others HCFCS. The Hydrofluorocarbons (HFCs) segment is sub segmented into HFC-245fa, HFC-134a, HFC-365mfc/227ea, and HFC-152a. The Hydro Carbons (HCS) segment is further sub segmented into N-Pentane, Cyclopentane, Isopentane, Isobutane, N-Butane, and Other HCS. The others segment is segmented into Hydrofluoroolefin (HFOS), Inert Gases, and Methyl Formate.
On the basis of foam, the global blowing agents market is segmented into Polyurethane Foam (PU), Polystyrene Foam (PS), phenolic foam, polyolefin foam, and others. The polyurethane foam (PU) segment is sub segmented into appliances, apparel, automotive, building & construction, electronics, flooring, furnishing, marine, medical, and packaging. The polystyrene foam (PS) segment is further sub segmented into building & construction, food packaging, transportation, and others. The phenolic foam segment is sub segmented into building & construction, insulation, and others. The polyolefin foam segment is further sub segmented into automotive, medical, building & construction, packaging, and others. The others segment is sub segmented into automotive, building & construction, packaging, and others.
On the basis of geography, the global blowing agents market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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