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The global blowing agents market size is anticipated to increase at a considerable CAGR during the forecast period, 2020 u2013 2026, owing to the rise in infrastructure development in various emerging countries.
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Welcome To Dataintelo Blowing Agents Market Share, Growth | Global Industry Report, 2026
The global blowing agents market size is anticipated to increase at a considerable CAGR during the forecast period, 2020 – 2026, owing to the rise in infrastructure development in various emerging countries. Blowing agents are used as additives for the production of polymeric foams. These agents provide distinct properties to the polymeric foams. They help induce a cellular structure to the foamed material. Furthermore, these agents help reduce the density of the foam, improve toughness of the material, and refine the material’s acoustic and thermal insulation capabilities.
Market Trends, Drivers, Restraints, and Opportunities: • Surge in the demand for blowing agents in various industry verticals such as construction, appliance, and automotive is the key factor driving the market growth. • High cost associated with the shift in technology and constantly changing environmental regulations are likely to hamper the market growth. • Increasing demand for the production of blowing agents that are environmentally friendly is creating new growth opportunities in the market.
Scope of the report: • The report on blowing agents market includes an assessment of the market, size, share, trends, segments and regional markets. Overview and dynamics have been included in the report.
Blowing Agents Market Segment Insights: • Growing demand for HFCs owing to a rise in demand from various industry verticals for foam applications drive the market growth Based on types, the blowing agents market has been segmented into hydrochlorofluorocarbons (HCFCs), hydrofluorocarbons (HFCs), hydrocarbons (HCs), and others. The hydrofluorocarbons segment held a significant market share owing to its extensive usage in various industrial applications. It is extensively used in as a foam application as it is non-flammable and provides superior insulation properties. HFC blowing agents are primarily used in spray polyurethane foams and extruded polystyrene foams. The surge in the growth of the segment is attributed to the ban on the consumption of hydrochlorofluorocarbon blowing agents in foams.
Increasing usage of blowing agents for various infrastructural development fuels the growth of the building & construction segment • In terms of applications, the market has been categorized as building & construction, automotive, packaging, furniture, appliances, and others. The building & construction segment accounted for a large share of the market. Its share is expected to increase during the forecast period, as it is majorly used as a constituent for building insulation such as roof insulation & block pipes, sheathing, doors, and foundation requiring structures. Furthermore, increase in infrastructural developments in many countries is boosting the growth of the segment. The appliances segment held a substantial share of the market owing to its wide usage as an insulating component in freezers, commercial refrigerators, water heaters, and other appliances.
Asia Pacific to lead the global market due to boom in the several industries in emerging nations in the region • On the basis of regions, the global blowing agents market has been classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific held a major share of the market and is anticipated to expand at a rapid pace owing to the growing automotive, manufacturing, construction, packaging, and footwear industries in the region. Significant investments in packaging, construction, appliance, and textile industries in China are expected to fuel the market in the country. Increasing demand for performance products and growth of various industries in countries such as India and South Korea is propelling the growth of the market in these countries. Request Sample Report: https://dataintelo.com/request- sample/?reportId=130116
Competitive Landscape: • Key participants in the blowing agents market are Arkema, The Chemours Company, FSI, Exxon Mobil Corporation, HCS Group GmbH, Harp International Ltd., Honeywell International Inc, and Linde. Some of the growth strategies adopted by the players include mergers & acquisitions collaborations, agreements, and partnerships. They also engage in product launches to strengthen their geographical presence. Segments Covered in the Report • The global blowing agents market has been segregated on the basis of types, applications, and regions.
By Types Hydrochlorofluorocarbons(HCFCs) • Hydrofluorocarbons (HFCs) • Hydrocarbons (HCs) • Others • By Applications • Building & Construction • Automotive • Packaging • Furniture • Appliances • Others • By Regions • North America • Europe • Asia Pacific • Latin America • Middle East & Africa