Press release
Market Expansion Predicted for Foam Blowing Agents: CAGR of 5.9% - 6.8% Anticipated Through 2029 Due to Polyurethane Demand and Trends towards Energy Efficiency
Foam Blowing Agents Market Size
The global foam blowing agents market is due to see impressive growth over the coming years, largely driven by increased demand for polyurethane foam and government initiatives towards green buildings._x000D_
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What Is The Projected Market Size Of The Global Foam Blowing Agents Market And Its Growth Rate?_x000D_
Foam blowing agents are projected to see a marked increase in market size in the following years:_x000D_
• From $1.66 billion in 2024, the market is set to grow to $1.76 billion in 2025, a CAGR of 5.9%._x000D_
• A strong growth surge is expected to take the market to $2.28 billion in 2029, with a CAGR of 6.8%._x000D_
• Significant growth factors include the expanding construction industry, increased customer demand for lightweight materials, and energy efficiency regulations._x000D_
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What Is Driving The Growth In The Foam Blowing Agents Market?_x000D_
The rise in demand for foam blowing agents in consumer appliances is expected to drive the market's growth. Foam-blowing agents are crucial in creating cellular structures in various hardened or phase transforming substances including polymers, plastics, and metals. Especially due to their superior shock-absorbing capabilities, these agents find extensive use in consumer appliances like refrigerators, air conditioners, water heaters, and more. For instance, as per the Energy Information Administration (EIA), by 2050, the number of air conditioners in buildings worldwide is set to reach 5.6 billion from the current 1.6 billion, equating to 10 new air conditioners sold every second for the next 30 years._x000D_
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Who Are the Key Players Driving Foam Blowing Agents Market Growth?_x000D_
Key players in the foam blowing agents market include:_x000D_
• Arkema S.A._x000D_
• Honeywell International Inc._x000D_
• Exxon Mobil Corporation_x000D_
• E.I. Du Pont De Nemours & Company_x000D_
• Daikin Industries Ltd._x000D_
• Sinochem Group_x000D_
• Solvay S.A._x000D_
• Zeon Corporation Ltd._x000D_
• Linde Group_x000D_
• The Chemours Company_x000D_
• Foam Supplies Inc._x000D_
• Harp International Ltd._x000D_
• HCS Group GmbH_x000D_
• Haltermann Gmbh_x000D_
• Solstice Performance Fluid_x000D_
• AGC Chemicals Americas Inc._x000D_
• Nouryon_x000D_
• Saudi Basic Industries Corp._x000D_
• Tosoh Corporation_x000D_
• AkzoNobel N.V._x000D_
• Evonik Industries AG_x000D_
• Clariant AG_x000D_
• Eiwa Chemical Industry Co. Ltd._x000D_
• Sinochem Lantian Co. Ltd._x000D_
• Lanxess_x000D_
• Huntsman International LLC_x000D_
• INEOS Group Holdings S.A._x000D_
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What Are The Key Trends In The Foam Blowing Agents Market?_x000D_
Key trends in the foam blowing agents market include:_x000D_
• Innovation in blowing agent formulations_x000D_
• Use of closed-cell foam insulation_x000D_
• End-of-life considerations and recycling initiatives_x000D_
• Companies engaging in partnerships and collaborations for research and development_x000D_
• Technological innovations in foam production_x000D_
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What Are The Segments Of The Global Foam Blowing Agents Market?_x000D_
The foam blowing agents market is segmented as follows:_x000D_
• By Product Type: Hydrocarbons (HCs), Hydrofluoroolefin (HFO), Hydrofluorocarbons (HFCs), Other Product Types_x000D_
• By Foam Type: Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polypropylene Foam, Polyethylene Foam, Other Foam Types_x000D_
• By Application: Building And Construction, Automotive, Bedding And Furniture, Appliances, Packaging, Other Applications_x000D_
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Which Region Leads The Foam Blowing Agents Market?_x000D_
Asia-Pacific was the largest region in the foam blowing agents market in 2024. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa._x000D_
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https://www.thebusinessresearchcompany.com/report/foam-blowing-agents-global-market-report_x000D_
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What Is Covered In The Foam Blowing Agents Market Global Market Report?_x000D_
- Market Size Analysis: Analyze the Foam Blowing Agents Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Foam Blowing Agents Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Foam Blowing Agents Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Foam Blowing Agents Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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