The report “Blowing Agent Market According to “Global Forecast to 2029: by Chemistry, Foaming Process, Type (Hydrochlorofluorocarbons (HCFC), Hydrofluorocarbons (HFCS), Hydrocarbons (HCS)), Foam (Polystyrene Foam, Phenolic Foam, Polyolefin Foam), and Region,” the industry is expected to grow from USD 1.8 billion in 2024 to USD 2.3 billion by 2029 at a CAGR of 5.5%. Growing demand across a range of end-use sectors and rapid expansion in the worldwide polymeric foams industry are the primary drivers of the blowing agent market. Eco-friendly agents such as hydrofluoroolefins (HFOs) and hydrocarbons are being used more often as a result of regulations requiring blowing agents with lower GWP and ODP (ozone depletion potential).
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- 256 Market data Tables
- 57 Figures
- 276 Pages and in-depth TOC on “Blowing Agent Market – Global Forecast to 2029”
Some of the prominent key players are:
- Honeywell International Inc. (US)
- Solvay (Belgium)
- Arkema (France)
- Exxon Mobil Corporation (US)
- Linde PLC (UK)
- Daikin Industries Ltd. (Japan)
- The Chemours Company (US)
- BASF SE (Germany)
- HCS Group (Germany)
- FSI (US)
- Harp International Ltd. (UK)
Driver: High growth in global polymeric foams market
Growing demand from the packaging, automotive, building & construction, marine, transportation, appliance, bedding & furniture, and packaging industries is propelling the polymer foam market. The market for polymer foams is expanding, which makes it easier to utilize blowing agents and consequently influences how much of them are needed. Additionally, there will be a considerable need for blowing agents used in foam blowing due to the polymeric foam industry’s continued expansion, increased consumer awareness of high-quality products, and its demand, particularly in South America, the Middle East & Africa, and Asia Pacific. In the near future, growing economies including Mexico, Southeast Asia, China, India, and Brazil are anticipated to be the most profitable locations for the polymer foam market.
