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Global Foam Blowing Agents Market: High Demand for Polyurethane Foam, and Natural Foam Blowing Agents Noticed by Variant

Global Foam Blowing Agents is estimated to reach $1,109 Million by 2024, growing at a CAGR of 5.7% from 2016 to 2024.
Manoj Kumkar | 30.01.2018
According to the latest report published by Variant Market Research, the global foam blowing agents market size is projected to reach $1,109 Million by 2025. In this report, foam blowing agents market forecast says that the global market is growing at 5.7% CAGR from 2017 to 2025.

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Improved efficiency of these agents to drive the global foam blowing agents market

The global foam blowing agents trends include high demand for polyurethane foam, polyolefins, and natural foam blowing agents, upgradation in zero ODP and low GWP blowing agents, and improved efficiency of these agents. Moreover, Rest of the World (including countries like Nigeria, among others) is anticipated to grow at a fastest CAGR over the forecasted period. Though, governments action against hazardous agents may obstruct the market growth. Moreover, increasing applications of polymer foams in construction and automotive sectors would provide an opportunity for market players of market.

Market Segmentations
The global foam blowing agents market is classified into type, application, and geography. Product segment includes hydrofluorocarbons, hydrocarbons, hydrochlorofluorocarbons, and others products. Application includes phenolic foam, polyolefins foam, polyurethane foam, polystyrene foam, and other applications. North America (U.S., Mexico, and Canada), Europe (France, Russia, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

Hydrocarbons (HCS), by product, is estimated to dominated the global market in 2017
Hydrocarbons (HCS) held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. The growth is attributed to high usage in blowing agents, and recently they are used as an alternative for HCFCS.

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Polyurethane foam, by application, is estimated to dominated the global market in 2017
Polyurethane foam held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025, due to their widespread application in numerous end-use industries such as automotive, marine, electronics, and appliances, among others.

Asia-Pacific is estimated to dominated the global market in 2017
Asia-Pacific held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. The growth is attributed to increasing population, rapid economic growth, and demand of foam blowing agents from end-use industries in countries like China, India, and Japan. The market of Europe (Belarus, and Ukraine, among others) is expected to observe a normal growth rate over the forecasted period.

Competitive Landscape
Major market players of the market are Honeywell International Inc., Solvay S.A., E.I. du Pont de Nemours & Company, Daikin Industries, Ltd., Sinochem Group, Harp International Ltd., SRF Limited, Exxon Mobil Corporation, ZEON Corporation, and Haltermann GmbH, among others.

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Scope of the Global Foam Blowing Agents Market
Product Segments
• Hydrofluorocarbons (HCFS)
• Hydrochlorofluorocarbons (HCFCS)
• Hydrocarbons (HCS)
• Other Products

Application Segments
• Polyurethane (PU) Foam
• Polyolefins Foam
• Polystyrene (PS) Foam
• Phenolic Foam
• Other Applications

Geographical Segments
• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia-Pacific
o India
o China
o Japan
o Rest of Asia-Pacific

• RoW
o South America
o Middle East
o Africa

Related Topics
1. Global Graphite Market is estimated to reach $21.4 billion by 2024, Says Variant Market Research
2. Global Construction Chemicals Market is estimated to reach $46.6 billion by 2024, Says Variant Market Research
3. Global Methylene Chloride Market is estimated to reach $1,078 Million by 2024, Says Variant Market Research
4. Global Inorganic Salts Market is estimated to reach $69,131 Billion by 2024, Says Variant Market Research

About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy &Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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