Blowing Agent Market Report 2024 (Global Edition)

Global Blowing Agent Market Report 2024 Market Size Split by Type (Hydrochlorofluorocarbons, Hydrofluorocarbons, Hydrocarbons, Hydrofluoroolefins, and Others), by Foam Type (Polyurethane Foams, Polyst...

Blowing Agent Market Report Description

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Competitive Landscape of the Blowing Agent

The existence of technology-driven enterprises that prioritize product offering differentiation has resulted in a highly fragmented Blowing Agent. Businesses are also concentrating on gaining core skills associated with a range of service offerings through a variety of strategies, such as vertical integration along the value chain, strategic alliances, and mergers and acquisitions. The major firms have resorted to capacity expansion and acquisitions as a means of meeting the growing demand in the regional marketplaces. Blowing Agents have been used more often in automotive, electronics, and renewable energy systems in recent years. This trend is expected to continue in the years to come. For instance, in November 2021, Chemours announced a new production line in El Dorado, Arkansas, to expand its non-ozone depleting, low global warming potential hydrofluoroolefin (HFO) platform, Opteon™ 1150, also known as HFO-1336mzzE. The new production line will open before the US's initial 10% phase-down of CO2 equivalents on January 1, 2022. Chemours is now accepting orders for Opteon™ 1150 from customers globally. The addition of Opteon™ 1150 to Chemours' Foam Blowing Agents portfolio provides customers with more options and control over their formulations. The technology will be critical across multiple industries to comply with global regulations and transition to low GWP technology.
(https://www.refrigerationworldnews.com/chemours-begins-production-of-opteon-1150-to-meet-escalating-demand-for-low-global-warming-potential-high-performance-solutions/)
 

Top Companies Market Share in Blowing Agent Industry: (In no particular order of Rank)

• • Honeywell International Inc.
• • Chemours Company
• • Arkema
• • Nouryon
• • AkzoNobel
• • Sinochem Group Co. Ltd.
• • Solvay
• • DowDuPont
• • Haltermann GmbH
• • Foam Supplies Inc.
• • E.I DuPont de Nemours (DuPont)
• • Guangzhou Jiangyan Chemical
• • HCS Group GmbH
• • Linde Group
• • Marubeni Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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According to Cognitive Market Research, Asia-Pacific held a significant market share of XX% in the forecast period. The industrial sector in Asia Pacific is booming, especially in nations like China, Japan, South Korea, and Taiwan. These nations are significant producers of a variety of items, such as consumer goods, building materials, electronics, and automobile components. Furthermore, the widespread use of blowing agents in vehicle bumpers, fenders, and building roofs and walls is driving up demand in the automotive, building and construction industries. Also, favorable government policies and investment inflows have boosted productivity in these important sectors. Furthermore, the Ministry of Land, Infrastructure, Transport, and Tourism of Japan reported a 15.5% rise in building orders in June 2022 compared to the same month in 2021. Such rapid progress in the automotive, building and construction industries has driven the need and use of blowing agents, therefore favorably affecting the growth of the Blowing Agents Market in the Asia-Pacific region during the forecast period.

The current report Scope analyzes Blowing Agent Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Blowing Agent Market Analysis

How are Segments Performing in the Global Activated Bleaching Earth Market?
Product Type Segment Analysis

According to Cognitive Market Research, based on type, the market is bifurcated into Hydrochlorofluorocarbons, Hydrofluorocarbons, Hydrocarbons, Hydrofluoroolefins, and Others. The hydrocarbons segment dominates the largest market share of XX% during the forecast period because hydrocarbons have a great cost-performance profile, good foaming properties, are widely available, work with current processes, and are environmentally friendly,.  In addition, Hydrocarbons also have good foaming qualities, such as homogeneous cell structures, high expansion ratios, and superior thermal insulation qualities. These qualities make them appropriate for a variety of uses, from lightweight packing materials in the packaging sector to rigid foam insulation in construction. Furthermore, hydrocarbon-blowing agents are considered to be more environmentally harmless than some other forms of blowing agents due to their low GWP and ODP (ozone depletion potential). The growing emphasis on sustainability and the legal obligations to cut emissions and the environment's impact is in line with this environmental compatibility. Hydrocarbon-blowing agents are anticipated to hold their dominant position in the market as long as industries continue to place a high priority on sustainability, performance, and efficiency.
 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Blowing Agent Industry. Request a Free Sample PDF!

Foam type Segment Analysis

According to Cognitive Market Research, based on foam type, the market is bifurcated into Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polypropylene Foam, Polyethylene Foam, and Others. The polyurethane foam segment dominates the largest market share of XX% during the forecast period due to its flexibility, which allows it to be customised to meet the diverse demands of various industries and applications. Polyurethane foam may be made in a variety of forms, including spray foam, flexible foam, and stiff foam, each with its own set of benefits and qualities. Additionally, polyurethane foam, as a thermal insulator, protects materials from damage caused by wear and corrosion. Polyurethane foam is widely used in a variety of industries, including automotive, building and construction, and electrical and electronics, due to its extensive protective properties. Growth in automobile manufacturing due to high demand, increased building activities, numerous project undertakings, and an increase in the consumption of electrical and electronics products such as smartphones are all driving the need and use of polyurethane foams in these industries. This increase in polyurethane foam use is serving to drive segment growth throughout the forecast period.
 

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Blowing Agent Application Segment Analysis

Application Segment Analysis

According to Cognitive Market Research, based on application, the market is divided into building and construction, automotive, bedding and furniture, appliances, packaging, and others. The Building and Construction application segment dominated the Blowing agent market because blowing agents are frequently used in insulation materials, which are crucial parts of contemporary building projects. Insulation materials reduce heat transfer, minimize thermal bridging, and stop air leaks, all of which contribute significantly to increased building energy efficiency. The manufacturing of foam boards, spray foam insulation, rigid foam insulation, and other insulation materials used in buildings requires the employment of blowing agents. To manage moisture and provide thermal insulation, these insulating materials are applied to walls, roofs, floors, and other structural elements, resulting in cozy and energy-efficient interior spaces. In addition, another option that is frequently used in the building sector is spray foam insulation because of its adaptability and simplicity of use. Furthermore, the need for blowing agents in the building and construction industry has been further stimulated by the growing emphasis on energy-efficient construction and sustainable building practices. Worldwide, governments, regulatory agencies, and building codes are enforcing more stringent energy efficiency regulations and encouraging the use of environmentally friendly building materials, such as insulation made with low-GWP blowing agents.
 

• Building and construction
• Automotive
• Bedding and furniture
• Appliances
• Packaging
• and others

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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