Consumer Appliance Drives The Foam Blowing Agent Market: A Key Factor Shaping the Future of the Foam Blowing Agents Market in 2025

What combination of drivers is leading to accelerated growth in the foam blowing agents market?
The foam blowing agent market is expected to see significant growth due to the increasing demand for these agents in the consumer appliance industry. Foam blowing agents are chemicals that create cellular structures in substances undergoing hardening or phase transitions, such as polymers, plastics, and metals. These agents are widely used in consumer appliances like refrigerators, air conditioners, water heaters, and more due to their excellent shock-absorbing properties. The Energy Information Administration (EIA), a key agency of the U.S. Federal Statistical System, projects that the number of air conditioners in buildings globally will rise to 5.6 billion by 2050 from the current 1.6 billion. This implies the sale of 10 new air conditioners every second for the next 30 years. This burgeoning demand in the consumer appliances sector is fueling the expansion of the foam blowing agents market.

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What is the projected compound annual growth rate (CAGR) of the foam blowing agents market from 2025 to 2034, and what factors influence it?
In recent years, there has been a significant increase in the size of the foam blowing agents market. The market value, which was at $1.66 billion in 2024, is predicted to rise to $1.76 billion in 2025 with a compound annual growth rate (CAGR) of 5.9%. The previous growth in this market can be linked to the rising demand for polyurethane foam, energy efficiency mandates, growth of the construction sector, the consumers' preference for lighter materials, and government incentives for eco-friendly buildings.

There is an anticipated robust expansion in the foam blowing agents market size in the years ahead. The market is projected to reach $2.28 billion in 2029, boasting a compound annual growth rate (CAGR) of 6.8%. The escalation during this forecast period can be tied to an increased want for products that are energy efficient, an expanded cold chain logistics, the emphasis on fire safety within the construction industry, a surge in packaging for e-commerce, and swift urbanization in developing nations. The forecast period will also see significant trends such as advancements in the formulations of blowing agents, the implementation of closed-cell foam insulation, considerations for end-of-life and recycling initiatives, partnerships and research and development collaborations, as well as technological breakthroughs in the production of foam.

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How are the latest trends influencing the growth of the foam blowing agents market?
In an effort to maintain their standing in the foam blowing agent market, prominent companies are utilizing strategic collaborations to augment their production capabilities of insulation foam blowing agents like hydro-fluoro olefin 1233zd. This chemical, also known as trans-1-chloro-3,3,3-trifluoropropene, belongs to the hydrofluoroolefin class of refrigerants. As an example, Arkema, a French multinational corporation in the chemical industry, formed an alliance with Chinese tech firm Aofan in October 2022. They aim to grow the supply of Forane 1233ZD, a blowing agent with low-global warming potential (GWP) used for creating polyurethane foam insulation. Additionally, they have announced intentions to boost the production of the insulation foam blowing agent, hydro-fluoro olefin 1233zd, within China and the United States.

What are the major segments of the foam blowing agents market and their role in driving growth?
The foam blowing agents market covered in this report 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

Subsegments:
1) By Hydrocarbons (HCs): Pentane, Butane, Isobutane
2) By Hydrofluoroolefin (HFO): HFO-1234yf, HFO-1234ze
3) By Hydrofluorocarbons (HFCs): HFC-134a, HFC-152a, HFC-245fa
4) By Other Product Types: Carbon Dioxide (CO2), Nitrous Oxide (N2O), Water-Based Blowing Agents

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Which regions are key players in the growth of the foam blowing agents market?
Asia-Pacific was the largest region in the foam blowing agents market in 2024. The regions covered in the foam blowing agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the key firms paving the way for growth in the foam blowing agents market?
Major companies operating in the foam blowing agents market include 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, Foam Supplies Inc., Harp International Ltd., HCS Group GmbH, Haltermann Gmbh, Solstice Performance Fluid, AGC Chemicals Americas Inc., Nouryon, Saudi Basic Industries Corp., Tosoh Corporation, AkzoNobel N.V., Evonik Industries AG, Clariant AG, Eiwa Chemical Industry Co. Ltd., Sinochem Lantian Co. Ltd., Lanxess, Huntsman International LLC, INEOS Group Holdings S.A.

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What Is Covered In The Foam Blowing Agents Global Market Report?

• Market Size Forecast: Examine the foam blowing agents market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the foam blowing agents market for a structured understanding.
• Key Players Overview: Analyze major players in the foam blowing agents market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the foam blowing agents market.
• Segment Contributions: Evaluate how different segments drive overall growth in the foam blowing agents market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the foam blowing agents market.
• Industry Challenges: Identify potential risks and obstacles affecting the foam blowing agents market.
• Competitive Landscape: Review strategic developments in the foam blowing agents market, including expansions, agreements, and new product launches.

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