Market Size

The global blowing agent market size is valued at USD 1.4 billion in 2021 and is estimated to reach a value of USD xx billion in 2027. The blowing agent market analysis shows that it will grow with a CAGR of 6.5% over the forecast period of 2021 to 2027.

Market Driver

The rising construction, automotive, and electronics sectors in APAC's rising nations are driving the blowing agent market. In addition, the rising use of polymeric foam in various applications throughout the world would propel market expansion. The packaging, building & construction, automotive, marine, appliances, packaging, bedding & furniture, and transportation industries are driving the polymer foam market. The usage of blowing agents is made easier by the rise of the polymer foams industry. Thus, in the next years, the market for blowing agents will be driven by the predicted growth in demand for various types of polymeric foam in various end-use applications. The stoppage in the industrial and transportation sectors caused by the COVID-19 disruption has resulted in a considerable decline in demand for blowing agents. The need for blowing agents has decreased as the demand for foam products from various sectors has decreased. As a result, some blowing agent producers are projected to run their plants at a low capacity utilization rate in the near future in order to balance supply and demand and avoid inventory pile-ups. Production of various types of foam, such as polyurethane foam, polystyrene foam, phenolic foam, and polyolefin foams, was typical until mid-March, but the situation has drastically worsened since the COVID-19 outbreak. COVID-19 has wreaked havoc on the automotive, bedding & furniture, appliances, building & construction, electronics, furnishing, maritime, and packaging sectors, among others. The demand for foam has dropped dramatically as a result of the disturbance. Government rules compel foam production plants to close, or they close willingly owing to a lack of demand. The demand for medical mattresses has increased as a result of the epidemic, but mattress makers are having problems obtaining raw materials. The spike in medical mattresses is insufficient to offset the manufacturing shortfall caused by the COVI-19 epidemic.

Segment Outlook

Based on type, the market is segmented into HC, HFC, HCFC and Others. The HC segment is estimated to be the largest segment over the forecast period.  Based on foam, the market is segmented into Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polyolefin Foam and Others. The Polyurethane foam application segment is estimated to be the largest segment over the forecast period.

Regional Outlook

The Blowing Agent market research report provides an in-depth analysis of the industry, incorporating quantitative and qualitative data. It includes historical, present, and forecast data of the global market for Blowing Agent by segment. Furthermore, it provides market size and forecast estimates for five regions, namely Asia Pacific, North America, Europe, Central & South America, Middle East, and Africa from 2015 to 2027. The market for Blowing Agent is segmented by region and then by country and segment. It has been estimated that Asia Pacific accounted for largest market share in global Blowing Agent market. The key countries in this market include U.S., Italy, Germany, France, China, India, and Japan. The report analyzes supply and demand-side factors affecting Blowing Agent market and then evaluates market dynamics affecting the market in coming years. Qualitative insight available in this report are opportunities, drivers, restraints, and future trends.

Company Profile Outlook

Key companies profiled in this market are 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). However, we have also considered other companies for detailed primary interviews.

Research Methodology

Blowing Agent market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts, channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

Blowing Agent Market Size and Outlook by Type

• HC
• HFC
• HCFC
• Others

Blowing Agent Market Size and Outlook by Foam

• Polyurethane Foam (PU)
• Polystyrene Foam (PS)
• Phenolic Foam
• Polyolefin Foam
• Others

Blowing Agent Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• Honeywell International Inc.
• Solvay SA
• Arkema SA
• Exxon Mobil Corporation
• Linde plc
• Daikin Industries, Ltd.
• The Chemours Company
• Haltermann Carless
• Foam Supplies, Inc.
• Harp International Ltd.

Actionable Outcomes

Our Blowing Agent Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will grow in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on Blowing Agent market size
• Blowing Agent market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• Blowing Agent market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected Blowing Agent market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze Blowing Agent market share
• Measures to consider for Blowing Agent market