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Foam Blowing Agents Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Arkema S.A., Honeywell International Inc., Exxon Mobil Corporation, E.I. Du Pont De Nemours & Company
Foam Blowing Agents Global Market Report
The Business Research Company's Foam Blowing Agents Global Market Report 2023 identifies the rise in demand for foam blowing agents in consumer appliance is expected to propel the growth of the foam blowing agent market going forward. Foam-blowing agents refer to an agent that can create cellular structures in a variety of substances that go through the process of hardening or phase transition, including polymers, plastics, and metals. Due to their superior shock-absorbing capabilities, foam blowing agents are heavily used in refrigerators and other consumer appliances, including air conditioners, water heaters, and other household appliances.
The global foam blowing agents market size is expected to grow from $1.49 billion in 2022 to $1.59 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global foam blowing agents market size is expected to reach $1.95 billion in 2027 at a CAGR of 5.3%.
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Major players in the foam blowing agents market are Arkema S.A., Honeywell International Inc., Exxon Mobil Corporation, E.I. Du Pont De Nemours & Company, Daikin Industries Ltd., Sinochem Group, Solvay S.A., Zeon Corporation Ltd., Linde Group, The Chemours Company, Solvay S.A., Foam Supplies Inc., Harp International Ltd., HCS Group GmbH, Marubeni Corporation, and Haltermann Gmbh
A key trend in the Foam Blowing Agents market includes the Product innovation is a key trend gaining popularity in the foam blowing agent market. Major companies operating in the foam blowing agents market are focused on developing innovative products to strengthen their position in the market.
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The Foam Blowing Agents market is segmented -
1) By Product Type: Hydrocarbons (HCs), Hydrofluoroolefin (HFO), Hydrofluorocarbons (HFCs), Other Product Types
2) By Foam Type: Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polypropylene Foam, Polyethylene Foam, Other Foam Types
3) By Application: Building and Construction, Automotive, Bedding and Furniture, Appliances, Packaging, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Foam Blowing Agents market.
The Business Research Company's "Global Foam Blowing Agents Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Foam Blowing Agents Market Include:
1. Executive Summary
2. Foam Blowing Agents Market Characteristics
3. Foam Blowing Agents Market Trends And Strategies
4. Foam Blowing Agents Market - Macro Economic Scenario
5. Foam Blowing Agents Market Size And Growth
……
27. Foam Blowing Agents Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Foam Blowing Agents Market
29. Foam Blowing Agents Market Future Outlook and Potential Analysis
30. Appendix
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