Blowing Agent Market to Reach $1.9 Billion by 2026

1. Blowing Agent Market worth $1.9 billion by 2026- Exclusive Report by MarketsandMarkets™ The report "Blowing Agent Market by Type (HC, HFC, HCFC), Foam (Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polyolefin Foam), and Region (APAC, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2026", The global blowing agent market size is projected to grow from an estimated value of USD 1.4 billion in 2021 to USD 1.9 billion by 2026, at a CAGR of 6.5% during the forecast period. The growing application of polymeric foams at a global level in industries such as construction, packaging, automotive, electronics, and footwear to drive the market demand for blowing agents. Further, the increasing demand for blowing agents from developing economies of the world owing to the growth of different application industries as well as the shift from high ODP and GWP blowing agents towards more eco- friendly ones will additionally boost the blowing agents market in the future. Get an Exclusive PDF Sample Copy of This Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=71329121 HC segment is estimated to dominate the overall blowing agent market. HC is expected to be the most significant type of blowing agent used globally in terms of volume. HC blowing agent is widely used in varied foam applications owing to its low ODP and GWP properties. The growth of the HC blowing agent is supported by the increasing usage of oxygenated hydrocarbons, such as methyl formate, in integral skin and polystyrene foams applications. The growing demand for vacuum panels in combination with hydrocarbon blown foams to increase energy efficiency in the appliances industry, which increases the consumption of HC blowing agents. Polyolefin foam is projected to be the fastest-growing market for blowing agents, by foam, during the forecast period. Polyolefin foam is projected to be the fastest-growing market for blowing agents during the forecast period. Polyolefin foams are considered as a high-performance packaging material, mainly when used for the packaging of delicate, high-value equipment, owing to their added resilience. Thus, the growth of the global packaging industry is expected to drive the demand for such foams, which, in turn, will drive the blowing

2. agents market. Further, the high usage of HFC blowing agents for manufacturing polyolefin foams is supporting the growth of this market. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=71329121 APAC is estimated to be the largest blowing agent market during the forecast period. APAC is projected to be the largest blowing agent market during the forecast period. The growing construction, automotive, footwear, and manufacturing industries are the major factors driving the growth of blowing agents in the region. The region’s rapid economic development, increased standard of living, rising per capita income are the factors driving the growth of the industries mentioned above. Also, the increasing usage of eco-friendly blowing agents, along with the consumption of HFCs and HCFCs, will drive the blowing agent market in the region. Honeywell International Inc. (US), Solvay SA (Belgium), Arkema SA (France), Exxon Mobil Corporation (US), Linde plc (UK), Daikin Industries, Ltd. (Japan), The Chemours Company (US), Haltermann Carless (Germany), Foam Supplies, Inc. (US), Harp International Ltd. (UK) are the major players in the blowing agent market. Request Customized Report As Per Your Requirements at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=71329121 About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com