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Foam Blowing Agents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Foam Blowing Agents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • July 2022
  • 143 pages
  • ID: 6293488
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global foam blowing agents market reached a value of US$ 1.33 Billion in 2021. Looking forward, the analyst expects the market to reach a value of US$ 1.75 Billion by 2027, exhibiting a CAGR of 4.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A foam blowing agent can produce a cellular structure in a wide range of materials that undergo hardening or phase transition, such as polymers, plastics, and metals, through a foaming process. It comprises ammonium bicarbonate (NH4HCO3), sodium bicarbonate (NaHCO3), sodium borohydride (NaBH4), and chlorofluorocarbons (CFCs), hydro-chlorofluorocarbons (HCFCs), hydrocarbons, and liquid carbon dioxide (CO2). It helps reduce density, increase thermal and acoustic insulation, and enhance the relative stiffness of the original polymer. As it possesses low thermal conductivity, foam blowing agent finds extensive applications in the electrical, automobile, construction, and packaging industries.

Foam Blowing Agents Market Trends:
The growing utilization of foam blowing agents in various environment-friendly products, such as methyl formate, hydrofluoroolefin (HFO), and methylal, represents one of the key factors driving the market. Moreover, there are several advantages of foaming agents, such as efficiency and high isolation characteristics. This, along with the rising use of polymer foams in the manufacturing of furniture, is propelling the growth of the market. In addition, several benefits offered by foam blowing agents like low global warming potential (GWP), zero ozone depletion (OPD) and non-toxicity are positively influencing the market. Besides this, there is a rise in the employment of foams in the construction industry for building insulation and sealants of windows and doors. This, coupled with the growing utilization of foams in stabilizing side hill projects, tiering seating platform construction, building foundations, bridge abutments, and road construction, is catalyzing the demand for foam blowing agents. Additionally, the increasing demand for foams in the automotive industry due to their sound-absorbing, vibration dampening, and lightweight properties is offering lucrative growth opportunities to industry investors.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global foam blowing agents market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, foam type and application.

Breakup by Product Type:
Hydrocarbons (HCs)
Hydrochlorofluorocarbons (HCFCs)
Hydrofluorocarbons (HFCs)
Hydrofluoroolefin (HFO)
Others

Breakup by Foam Type:
Polyurethane Foam
Polystyrene Foam
Phenolic Foam
Polypropylene Foam
Polyethylene Foam
Others

Breakup by Application:
Building and Construction
Automotive
Bedding and Furniture
Appliances
Packaging
Others

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A., DuPont de Nemours Inc., Exxon Mobil Corporation, Foam Supplies Inc., Harp International Ltd., HCS Group GmbH, Honeywell International Inc., Linde plc, Marubeni Corporation, Solvay S.A., The Chemours Company and Zeon Corporation.



Key Questions Answered in This Report:

How has the global foam blowing agents market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global foam blowing agents market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the foam type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global foam blowing agents market and who are the key players?
What is the degree of competition in the industry?

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