Press release
Asia Pacific Foam Blowing Agents Market 2022 Supplier Intelligence Supplier Ranking Pricing Cost Structure Intelligence to 2030
Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.
The Asia Pacific Foam Blowing Agents Market generated a revenue of $425.95 million in 2021, which is projected to exceed the valuation of $672.68 million by 2030 at a CAGR of 5.4% during the period 2022-2030.
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Regional Insights:
As economies reopen and countries are lifting limitations, the US chemical industry is forecast for a significant recovery in 2022, which could boost plant utilization rates that were affected hard by the pandemic. In the United States, industrial production is forecast to increase by 5.5 percent in 2021 and 4.3 percent in 2022. Chemical volumes in the United States are forecast to rise 1.5 % in 2021 and 3.0% in 2022, while shipments to rise 8.0 % in 2021 and 2022, following a 13.5% drop in 2020.
The Asia Pacific region size value was 36.0% market share, maintaining the largest market share across all regions. As a result of the existence of critical developing economies such as China, India, and Japan in this region, recording the largest market share in the market. Paints and coatings, water treatment, personal care ingredients and cosmetics, electronics, agriculture, and other sectors employ chemicals throughout the Asia-Pacific area. For foreign investors, these places provide excellent investment options. China was the largest specialty chemical market in Asia in 2019, accounting for about 38.9% of the global market. India came in second with a 23.1% share of the total market.
COVID-19 Impact:
Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.
Major Key Players in Asia Pacific Foam Blowing Agents Market are:
Arkema S.A.
Daikin Industries
E.I. Du Pont De Nemours & Company
Exxon Mobil Corporation
Haltermann Gmbh
Harp International Ltd.
Honeywell International Inc.
Sundow Polymers Co., Ltd.
Sinochem Group
Solvay S.A.
Zeon Corporation
Other Prominent Players
Segmental Analysis:
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Asia Pacific Foam Blowing Agents Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.
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Segmentation Overview
By Components
HFC
CFC
HCFC
Others
By Foam
Polyurethane Foam (PU)
HFC
CFC
HCFC
Others
Polystyrene Foam (PS)
Phenolic Foam
Polyolefin Foam
Others
By Type of Agents
Natural
Chemical
Organic
Inorganic
By Application
LNG Ship Insulation
Appliance Insulation
Panels/Boardstock
Others
By Distribution Channel
Offline
Direct
Distributor
Online
By Country
China
India
Japan
South Korea
Australia & New Zealand
ASEAN
Malaysia
Indonesia
Thailand
Philippines
Singapore
Vietnam
Rest of ASEAN
Rest of Asia Pacific
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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