Global Foam Blowing Agents Market Worth $2.22 Billion by 2029, Growing at 6.3% CAGR

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Foam Blowing Agents Market Outlook: What Size And CAGR Are Anticipated By 2025?
In the past few years, the market size of foam blowing agents has seen consistent growth. The market is projected to expand from a size of $1.66 billion in 2024 to a size of $1.73 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.4%. The surge in the market during the historic period is linked to various factors including increased demand for polyurethane foam, stringent energy efficiency mandates, growth of the construction industry, consumer preference for lightweight materials, and government efforts to promote green buildings.

What Is the Expected CAGR for the Foam Blowing Agents Market Growth Through 2029?
The market for foam blowing agents is projected to witness substantial spike in subsequent years, with the figure estimated to rise to $2.22 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.3%. The projected progress can largely be credited to factors such as increased demand for energy-efficient products, the growth of cold chain logistics, emphasis on fire safety in building projects, a boost in e-commerce packaging, and significant urbanization in emerging markets. Trends anticipated during this forecast period encapsulate developments in the composition of blowing agents, the provision of closed-cell foam insulation, contemplation of end-of-life and recycling initiatives, strategic partnerships for research and developmental purposes, as well as, technological advancements in foam production.

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What Are the Primary Drivers Behind Foam Blowing Agents Market Growth?
The foam blowing agent market is anticipated to grow due to increasing foam blowing agent demand in consumer appliances. Foam blowing agents, which can develop cellular structures in a variety of hardened or phase transition materials, such as plastics, polymers and metals, are primarily used in refrigerators and other household appliances such as air conditioners, water heaters due to their exceptional shock-absorbing properties. As per the Energy Information Administration (EIA), a key department of the U.S. Federal Statistical System, the number of air conditioners in buildings around the world is projected to rise from 1.6 billion to 5.6 billion by 2050. This suggests that 10 new air conditioners will be sold every second for the next 30 years. As a result, the surge in demand from the consumer appliances sector is propelling the expansion of the foam blowing agents market.

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What Are the Key Segments Driving Foam Blowing Agents Market 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

What Are the Technological Trends Impacting the Foam Blowing Agents Market?
Key operators in the foam blowing agent sector, like Arkema and Aofan, are concentrating on establishing strategic alliances to boost the production of insulation foam blowing agents such as hydro-fluoro olefin 1233zd and cement their market positions. Hydrofluoroolefin (HFO) 1233zd is a refrigerant from the hydrofluoroolefin chemical group, more specifically referred to as trans-1-chloro-3,3,3-trifluoropropene. For example, in October 2022, a strategic partnership formed between Arkema, a multinational chemical industry firm based in France, and Aofan, a technology firm in China. This alliance was set up to improve the supply of Forane 1233ZD, a low-global warming potential (GWP) blowing agent used in polyurethane foam insulation production. Furthermore, they revealed intentions to augment the manufacturing capacity of the insulation foam blowing agent, hydro-fluoro olefin 1233zd, in both China and the US.

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Who Are the Major Competitors in the Global 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.

Which Region Dominates the Foam Blowing Agents Market Share in 2025?
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

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