The global Blowing Agents Market is forecast to reach USD 2.36 Billion by 2027, according to a new report by Reports and Data. Growing demand for polymeric foams, especially polyurethane foams, is driving demand for blowing agents, especially rapid growth in their end-user industries such as construction and appliances. Furthermore, high growth in end-use industries in the Asia Pacific region is also anticipated to fuel the demand for blowing agents even further.
The growing demand for polyolefins, polyurethane, and natural foam blowing agents, development of low GWP foam blowing agents, zero ODP, and increased efficiency of foam blowing agents are factors augmenting the demand of the market. The increase of investment in the development of low-cost and environmentally friendly foam blowing agents is also encouraging market demand. Wide a large variety of end-user industries for polymer foams, and high demand for polyurethane blowing agents is driving the market in North America. Global environmental threats such as global warming and degradation of the ozone layer are also encouraging demand. To curb greenhouse gas emissions, the U.S. administration is deploying strict environmental legislation. The creation of low GWP blowing agents and zero / small ODP blowing agents provides ample prospects for business growth.
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Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.
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Moreover, the report provides insight into how the Blowing Agents market will develop between 2023 and 2027. Companies operating in the Blowing Agents market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Blowing Agents market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Blowing Agents market and estimates market progress in terms of value (USD million) and volume (thousand units).
Key participants include
The Chemours Company, Honeywell International Inc., Nouryon, Arkema, Solvay SA, Honeywell International Inc., Linde PLC, INEOS, Harp International Ltd., and Sinochem Group, among others.
Product Outlook (Revenue, USD Billion; 2017-2027)
- Hydrofluorocarbons (HFCs)
- Hydrofluoroolefin (HFO)
- Hydrochlorofluorocarbons (HCFCs)
- Hydrocarbons (HCs)
Foam Type Outlook (Revenue, USD Billion; 2017-2027)
- Polystyrene Foam
- Polypropylene Foam
- Polyurethane Foam
- Phenolic Foam
- Polyethylene Foam
Application Outlook (Revenue, USD Billion; 2017-2027)
- Building and Construction
- Bedding & Furniture
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Key Questions Answered in This report on the Blowing Agents Market
The report provides detailed information about the Blowing Agents market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Blowing Agents market, so as to help them formulate successful strategies and take target-driven decisions.
- How are key market players successfully earning revenue from the advantages of the product?
- What will be the Y-o-Y growth of the Blowing Agents market between 2023 and 2027?
- What are the winning imperatives of market frontrunners in the Blowing Agents market?
- Which end-user is expected to undertake maximum adoption of the product during the forecast period?
Research Methodology: Blowing Agents Market
The research methodology adopted by analysts to compile the Blowing Agents market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Blowing Agents market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Blowing Agents market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Blowing Agents market.
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