Blowing Agents Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Blowing Agents Market: By Foam Type (Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polypropylene Foam, Polyethylene Foam and Other Foam Types), By Product (Hydrochlorofluorocarbons (HCFCs), Hydrofluorocarbons (HFCs), Hydrocarbons (HCs), Hydrofluoroolefin (HFO), and Others), By Application (Building & Construction, Automotive, Bedding & Furniture, Appliances, Packaging and Other Applications) and Geography

 

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Report

Description

Blowing agents Market size is valued at USD 1,768.4 million in 2021 and is expected to grow at a CAGR of 6.8% during the forecast period 2022 to 2028. The global market provides a detailed overview and which can be segmented by foam type, product, application, and region. By foam type, the blowing agents market has been segmented into polyurethane foam, polystyrene foam, phenolic foam, polypropylene foam, polyethylene foam, and other foam types. By foam type, Polyurethane foam is the largest market for blowing agents. Polyurethane foams have found their applications in several applications across the globe. It is widely used for thermal insulation in buildings, transport systems, and household appliances. Furthermore, it is also used in bedding, seating, carpet backing, electronics, computer, dash panels, shoe soles, and others, consequently, the continuous demand for polyurethane foams from several application industries is expected to enhance its demand, which in turn will boost the blowing agent market in coming future. By product, the blowing agents market has been segmented into hydrochlorofluorocarbons (HCFCs), hydrofluorocarbons (HFCS), hydrocarbons (HC), hydrofluoroolefin (HFO), and others. C segment is estimated to dominate the overall blowing agent market. HC is expected to be the largest 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 HC blowing agents is supported by the increasing usage of oxygenated hydrocarbons, such as methyl formate, in integral skin and polystyrene foams applications. The increasing demand for vacuum panels in combination with hydrocarbon-blown foams increases energy efficiency in the appliances industry, which increases the consumption of HC-blowing agents. Based on the application, the segment has been segregated into building & construction, automotive, bedding & furniture, appliances, packaging, and other applications. The building & construction segment is expected to lead the end-user segments owing to rising huge investment in the advancement and development of better infrastructure projects worldwide.

Key Development:

In April 2020, Solvay signed a supply agreement with Honda Aircrafts (US) for the supply of adhesives and innovative composites for Honda’s aircraft business jet HA-420 and elite programs till 2027. This agreement creates long-term sustainable demand for Solvay’s adhesives and composites products.

Blowing Agents Market

MARKET SUMMARY
-
6.8%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 6.8%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Blowing Agents Market

  • The report on blowing agents market gives historical, current, and future market sizes on the basis of foam type, products, application and geography.
  • The blowing agents market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Key Players
  • Accenture,
  • AVEVA Group Plc
  • BAE Systems,
  • Dassault Systemes
  • Hexagon
  • Inmarsat Plc.
Blowing Agents Market Drivers

The blowing agent market growth is majorly driven by the growing construction, automotive, and electronics industries, in emerging economies worldwide. Apart from this, the increasing polymeric foam application globally will further drive market growth.


Asia Pacific Got Significant Share

Blowing Agents Market

APAC is expected to have the largest blowing agent market during the forecast period. As China was the largest consumer of blowing agents in the region as of 2019 in terms of value as well as volume. The major production base of HCFC blowing agents are situated in China and the increasing usage of hydrocarbons, unsaturated HFCs, and other chemical blowing agents are the major factors propelling the blowing agent market growth in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The blowing agents market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Blowing Agents Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The blowing agent market is segmented based on the product (HC, HFC, HCFC) and by foam type (polyurethane foam, phenolic foam, polyolefin foam).

Increasing demand for blowing agents from developing countries in extensive applications such as construction, automotive, and appliance end-use industries.

The technical complexity tangled in the shift from one blowing agent technology to another is a major potential barrier, and the complexity of interrelated technical, commercial, and legislative issues which need to be addressed may create additional limitations.

The blowing agent market is projected to grow at a CAGR of 6.8% from 2022 to 2028.


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Blowing Agents Market Introduction
    • Global Blowing Agents Market – Taxonomy
    • Global Blowing Agents Market –Definitions
      • Foam Type
      • Product Type
      • Application
  1. Global Blowing Agents Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Blowing Agents Market Dynamic Factors – Impact Analysis
    • Global Blowing Agents Market – Competition Landscape
  2. Global Blowing Agents Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Blowing Agents Market, By Foam Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Polyurethane Foam
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polystyrene Foam
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Phenolic Foam
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polypropylene Foam
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polyethylene Foam
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Other Foam Types
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Blowing Agents Market, By Product Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Hydrochlorofluorocarbons (HCFCs)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hydrofluorocarbons (HFCs)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hydrocarbons (HCs)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hydrofluoroolefin (HFO)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Blowing Agents Market Forecast, By Application, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Building & Construction
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Automotive
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Bedding & Furniture
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Appliances
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Packaging
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Other Applications
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Blowing Agents Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Blowing Agents Market – Opportunity Analysis Index, By Foam Type, Product, Application, and Region, 2019 – 2025
  2. North America Blowing Agents Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Foam Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyurethane Foam
      • Polystyrene Foam
      • Phenolic Foam
      • Polypropylene Foam
      • Polyethylene Foam
      • Other Foam Types
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hydrochlorofluorocarbons (HCFCs)
      • Hydrofluorocarbons (HFCs)
      • Hydrocarbons (HCs)
      • Hydrofluoroolefin (HFO)
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Building & Construction
      • Automotive
      • Bedding & Furniture
      • Appliances
      • Packaging
      • Other Applications
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Blowing Agents Market – Opportunity Analysis Index, By Foam Type, Product, Application, and Country, 2019 – 2025
    • North America Blowing Agents Market Dynamics – Trends
  3. Europe Blowing Agents Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Foam Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyurethane Foam
      • Polystyrene Foam
      • Phenolic Foam
      • Polypropylene Foam
      • Polyethylene Foam
      • Other Foam Types
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hydrochlorofluorocarbons (HCFCs)
      • Hydrofluorocarbons (HFCs)
      • Hydrocarbons (HCs)
      • Hydrofluoroolefin (HFO)
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Building & Construction
      • Automotive
      • Bedding & Furniture
      • Appliances
      • Packaging
      • Other Applications
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Blowing Agents Market – Opportunity Analysis Index, By Foam Type, Product, Application, and Country, 2019 – 2025
    • Europe Blowing Agents Market Dynamics – Trends
  4. Asia-Pacific Blowing Agents Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Foam Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyurethane Foam
      • Polystyrene Foam
      • Phenolic Foam
      • Polypropylene Foam
      • Polyethylene Foam
      • Other Foam Types
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hydrochlorofluorocarbons (HCFCs)
      • Hydrofluorocarbons (HFCs)
      • Hydrocarbons (HCs)
      • Hydrofluoroolefin (HFO)
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Building & Construction
      • Automotive
      • Bedding & Furniture
      • Appliances
      • Packaging
      • Other Applications
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Blowing Agents Market – Opportunity Analysis Index, By Foam Type, Product, Application, and Country, 2019 – 2025
    • Asia-Pacific Blowing Agents Market Dynamics – Trends
  5. Latin America Blowing Agents Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Foam Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyurethane Foam
      • Polystyrene Foam
      • Phenolic Foam
      • Polypropylene Foam
      • Polyethylene Foam
      • Other Foam Types
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hydrochlorofluorocarbons (HCFCs)
      • Hydrofluorocarbons (HFCs)
      • Hydrocarbons (HCs)
      • Hydrofluoroolefin (HFO)
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Building & Construction
      • Automotive
      • Bedding & Furniture
      • Appliances
      • Packaging
      • Other Applications
    • Other DiseasesCountry Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Blowing Agents Market – Opportunity Analysis Index, By Foam Type, Product, Application, and Country, 2019 – 2025
    • Latin America Blowing Agents Market Dynamics – Trends
  6. Middle East and Africa Blowing Agents Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Foam Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyurethane Foam
      • Polystyrene Foam
      • Phenolic Foam
      • Polypropylene Foam
      • Polyethylene Foam
      • Other Foam Types
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hydrochlorofluorocarbons (HCFCs)
      • Hydrofluorocarbons (HFCs)
      • Hydrocarbons (HCs)
      • Hydrofluoroolefin (HFO)
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Building & Construction
      • Automotive
      • Bedding & Furniture
      • Appliances
      • Packaging
      • Other Applications
    • Other DiseasesCountry Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Blowing Agents Market – Opportunity Analysis Index, By Foam Type, Product, Application, and Country, 2019 – 2025
    • MEA Blowing Agents Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Foam Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • 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)
      • Americhem (US)
      • Sinochem Group Co. Ltd (China)
      • Lanxess (Germany)
      • The Chemours Company (US)
      • Arkema (France).
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • 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)
  • Americhem (US)
  • Sinochem Group Co. Ltd (China)
  • Lanxess (Germany)
  • The Chemours Company (US)
  • Arkema (France)

Description

Blowing agents Market size is valued at USD 1,768.4 million in 2021 and is expected to grow at a CAGR of 6.8% during the forecast period 2022 to 2028. The global market provides a detailed overview and which can be segmented by foam type, product, application, and region. By foam type, the blowing agents market has been segmented into polyurethane foam, polystyrene foam, phenolic foam, polypropylene foam, polyethylene foam, and other foam types. By foam type, Polyurethane foam is the largest market for blowing agents. Polyurethane foams have found their applications in several applications across the globe. It is widely used for thermal insulation in buildings, transport systems, and household appliances. Furthermore, it is also used in bedding, seating, carpet backing, electronics, computer, dash panels, shoe soles, and others, consequently, the continuous demand for polyurethane foams from several application industries is expected to enhance its demand, which in turn will boost the blowing agent market in coming future. By product, the blowing agents market has been segmented into hydrochlorofluorocarbons (HCFCs), hydrofluorocarbons (HFCS), hydrocarbons (HC), hydrofluoroolefin (HFO), and others. C segment is estimated to dominate the overall blowing agent market. HC is expected to be the largest 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 HC blowing agents is supported by the increasing usage of oxygenated hydrocarbons, such as methyl formate, in integral skin and polystyrene foams applications. The increasing demand for vacuum panels in combination with hydrocarbon-blown foams increases energy efficiency in the appliances industry, which increases the consumption of HC-blowing agents. Based on the application, the segment has been segregated into building & construction, automotive, bedding & furniture, appliances, packaging, and other applications. The building & construction segment is expected to lead the end-user segments owing to rising huge investment in the advancement and development of better infrastructure projects worldwide.

Key Development:

In April 2020, Solvay signed a supply agreement with Honda Aircrafts (US) for the supply of adhesives and innovative composites for Honda’s aircraft business jet HA-420 and elite programs till 2027. This agreement creates long-term sustainable demand for Solvay’s adhesives and composites products.

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