Press release
Global Foam Blowing Agents Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Foam Blowing Agents Market Share
What Is the Expected Foam Blowing Agents Market Size During the Forecast Period?
In recent times, the market size for foam blowing agents has seen a considerable increase. It is expected to rise from a value of $1.66 billion in 2024 to $1.76 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. Several reasons account for this growth in the historic period, including the increasing need for polyurethane foam, regulations regarding energy efficiency, growth in the construction sector, consumer preference for lightweight materials, and government drives toward green buildings.
Expectations are high for the foam blowing agents market size to experience substantial growth in the coming years, with an anticipated value of $2.28 billion in 2029, marking a compound annual growth rate (CAGR) of 6.8%. The growth during the forecast period can be credited to the increasing demand for energy-efficient commodities, growth in cold chain logistics, a shift towards fire safety in the construction industry, a boost in e-commerce packaging, and swift urban expansion in developing nations. The forecast period will likely witness trends such as innovation in blowing agent formulations, advancement in closed-cell foam insulation, concerns regarding end-of-life products, recycling initiatives, cooperation and alliances for research and development purposes, and technological breakthroughs in foam production.
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What Are the Major Segments in the Foam Blowing Agents Market?
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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What Are The Driving Foam Blowing Agents Market Evolution?
The increasing necessity of foam blowing agents in consumer appliances is predicted to drive the expansion of the foam blowing agent market. Foam blowing agents are substances that generate cellular structures in various materials undergoing hardening or phase transition, such as polymers, plastics, and metals. Their excellent shock absorption qualities make them predominantly employed in refrigerators and numerous consumer appliances like air conditioners, water heaters, and other domestic devices. For example, the Energy Information Administration (EIA), a chief agency of the U.S. Federal Statistical System, suggests that the number of air conditioners placed globally in buildings will increase to 5.6 billion by 2050 from a current count of 1.6 billion. This means that for the next 30 years, every second will witness the sale of 10 new air conditioners. Thus, the escalating demand from the consumer appliances sector is propelling the expansion of the foam blowing agents market.
Which Firms Dominate The Foam Blowing Agents Market Segments?
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.
What Trends Are Expected to Dominate the Foam Blowing Agents Market in the Next 5 Years?
Leading firms active in the foam blowing agent market are utilizing strategic collaborations to boost the manufacturing capability of insulation foam blowing agents like hydro-fluoro olefin 1233zd, ensuring their continued market presence. The term Hydrofluoroolefin (HFO) 1233zd pertains to a refrigerant that is part of the hydrofluoroolefin chemical family, and more aptly, HFO-1233zd is identified as trans-1-chloro-3,3,3-trifluoropropene. As an example, Arkema, a multinational organization from France operating in the chemical sector, teamed up with Aofan, a technology company based in China, in October 2022. Together, they aimed to enhance the supply of Forane 1233ZD, a blowing agent with low-global warming potential (GWP) used in the manufacturing of polyurethane foam insulation. They also disclosed their intentions to amplify the production capacity of the insulation foam blowing agent hydro-fluoro olefin 1233zd in China and the US.
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Which Is The Largest Region In 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Foam Blowing Agents Market?
2. What is the CAGR expected in the Foam Blowing Agents Market?
3. What Are the Key Innovations Transforming the Foam Blowing Agents Industry?
4. Which Region Is Leading the Foam Blowing Agents Market?
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