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Blowing Agents Market to Reach USD 2.36 Billion by 2027 www.reportsanddata.com sales@reportsanddata.com
Market Summary The increase in the electronics and construction industry, coupled with emerging APAC economies, is driving the market demand. Blowing Agents Market Size – USD 1.20 billion in 2019, Market Growth - CAGR of 9.3%, Market trends – High demand for Zero Ozone Depletion Potential (ODP).
Our Approach Market Summary 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. 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. Fill in your details to get your hands on an Exclusive Sample of this Report @ https://www.reportsanddata.com/sample-enquiry-form/3409
Our Approach Market Summary For the purpose of this report, Reports and Data have segmented the global Blowing Agents Market on the basis of product, foam type, application, and region: Product Outlook (Revenue, USD Billion; 2017-2027) Hydrofluorocarbons (HFCs) Hydrofluoroolefin (HFO) Hydrochlorofluorocarbons (HCFCs) Hydrocarbons (HCs) Others Foam Type Outlook (Revenue, USD Billion; 2017-2027) Polystyrene Foam Polypropylene Foam Polyurethane Foam Phenolic Foam Polyethylene Foam Others
Our Approach Market Summary Application Outlook (Revenue, USD Billion; 2017-2027) Automotive Appliances Building and Construction Packaging Bedding & Furniture Others Regional Outlook (Revenue, USD Billion; 2017-2027) North America Europe Asia Pacific Latin America MEA Any Query or Discount? Ask our Expert @ https://www.reportsanddata.com/report-detail/blowing-agents-market
Our Approach Market Summary Further key findings from the report suggest An increase in the application of foam blowing agents in various end sectors is one of the driving factors of the blowing agents market. The growth in the construction industry has resulted in high demand for blowing agents. In addition, increasing the requirement of high efficiency for the manufacturing of polymeric foams has fueled the growth of the blowing agents market. Blowing agents are environmentally friendly and are generally used in construction due to their non-ozone depleting, non-VOC, low global warming potential, and decreased energy consumption. These help in building a more homogeneous material, leading to stronger, tighter insulation, and higher energy efficiency. Hydrofluorocarbons are a group of industrial chemicals that are used mainly for cooling and ventilation. HFCs have been developed to replace stratospheric ozone-depleting compounds currently being phased out under the Montreal Protocol on Compounds Depleting the Layer of Ozone. The blowing agents that are used in producing Polystyrene Foam are Butane and Pentane, which are pure hydrocarbon similar to polystyrene. Read More @ https://www.reportsanddata.com/report-detail/blowing-agents-market
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com Our Approach About Us