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Blowing Agents Market Share, Size & Industry Forecast Report, 2020-2027

04-13-2021 01:48 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Growth opportunities in the blowing agents market look promising over the next six years. This is mainly due to the increasing use of blowing agents as adhesives in the polymer industry, less energy consumption by blowing agents and increasing use of polymeric foams in several industrial sectors like construction and packaging.

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Blowing Agents Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The surging use of polymeric foams across automotive, packaging, and construction industries is stimulating the growth of the global blowing agents market. Also, different characteristics offered by the blowing agents like the low possibility of global warming and less energy consumption, have resulted in the individual's shift towards the use of environment-friendly components, thereby fuelling the market demand. Moreover, the growing use of these agents as adhesives in the polymer industry because of the properties like shock absorbency, permeability, and insulation from heat & electricity will strengthen the blowing agents market share. However, strict norms against the use of chemicals and the complication associated with moving from one blowing agent technology to other are some factors that may curb the growth of the global blowing agents market.

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Type Segment Drivers

On the basis of type, hydrocarbons are predicted to expand at a higher CAGR over the forecast period due to the increasing demand for blowing agents across different application areas. This is mainly because of its low cost and long-term environmental benefits, improved thermal insulation properties, and better aging characteristics.

Foam Segment Drivers

Based on the foam, polyurethane is expected to witness a higher CAGR over the forecast period owing to the growing penetration of this foam across areas, including automobiles, infrastructure, and household appliances. Furthermore, the polyurethane foam is lightweight, durable, reduces the noise level, and maintains a uniform temperature.

Regional Drivers

Based on the regional coverage, Asia-Pacific is projected to lead the market during the forecast years. This is attributing to the acceleration in the adoption of blowing agents, including unsaturated hydrocarbons, hydrofluorocarbons, across several countries like China and South Korea. Moreover, the rising industrial levels across the region will drive the demand for blowing agents thereby promoting market growth.

Blowing Agents Market’s leading Manufacturers:
• Harp International Ltd.
• HCS Group
• Daikin Industries, Ltd.
• Solvay
• Honeywell International Inc.
• Foam Supplies, Inc.
• The Chemours Company
• Arkema S.A.
• Linde
• Exxon Mobil Corporation

Blowing Agents Market Segmentation:

Segmentation by Chemistry:
• Chemical Blowing Agents
• Physical Blowing Agents

Segmentation by Foaming Process:
• Exothermic Chemical Foaming Agents
• Endothermic Chemical Foaming Agents
• Endothermic & Exothermic Blend Chemical Foaming Agents

Segmentation by Type:
• Hydrofluorocarbons
• Hydrochlorofluorocarbons
• Hydrocarbons
• Others

Segmentation by Foam:
• Polystyrene Foam
• Polyurethane Foam
• Polyolefin Foam
• Phenolic Foam
• Others

Segmentation by Region:
• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)

Media Contact

Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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