About Foam Blowing Agents
The blowing agent is a chemical substance that is used in generating a gas to expand rubber, plastics, and ceramics to create foam. Blowing agents are used to impart features such as low weight, heat insulation, sound absorbency, permeability, elasticity, electrical insulation, excellent textures, wood grain, and shock absorbency. Blowing agents are used in the production of various types of foam such as rigid extruded polystyrene (XPS) foam, rigid PUR foam, and flexible PUR foams. These foams are used in various applications such as insulation foam for appliances, flexible-faced laminates, sandwich panels and composites, rigid slab stock, in-situ PUR foam, and pipe insulation.
Technavio’s analysts forecast the global foam blowing agents market to grow at a CAGR of 5.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global foam blowing agents market for 2017-2021. To calculate the market size, the report considers revenue generated from the sales of foam blowing agents from various types across various segments.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Foam Blowing Agents Market 2017-2021
Technavio recognizes the following companies as the key players in the global foam blowing agents market: Arkema, DAIKIN INDUSTRIES, ExxonMobil, Honeywell International, and The Chemours Company.
Other Prominent Vendors in the market are: Aeropres, Ajanta Group, Akzo Nobel, AMERICHEM, Diversified CPC International, Foam Supplies, HAITAI CHEMICAL, Haltermann Carless, Harp International, KSJN Chemicals, LANXESS, Lehmann&Voss, The Linde Group, Unistar Chemical, and ZEON CORPORATION.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is alternative to HFCs and HCFCs. Chlorofluorocarbons (CFCs) and HCFCs, which include CFC-11, CFC-12, HCFC-141b, and HCFC-142b, have been used as high-performance polymer foam blowing agents because of their physical properties such as relatively high molecular weight, stability, and low toxicity.”
According to the report, one driver in the market is growing demand for foam blowing agents from the automotive and construction industries. The global automotive industry has been growing at nearly a rate of 3.5%, and is registering an increase in the demand for foam blowing agents. Foam blowing agents are widely used in the production of different automotive parts such as side skirts, wiper cowls, roll pans, and bumpers. The market is expected to register a growth during the forecast period because of the increasing demand for vehicles. The development of foams in the form of PS and PU has increased the growth of the foam blowing agents in the global market. PU foams are used extensively for interior components in cars such as seats, headrests, armrests, roof liners, dashboards, and instrument panels.
Further, the report states that one challenge in the market is increase in the use of HFCs and HCFCs in unauthorized sectors. There are manufacturing units that manufacture these harmful banned chemicals in an unauthorized manner. These manufacturing units are present in large numbers in specific developing and underdeveloped regions. APAC, South America, and the Middle East have these unauthorized sectors that manufacture these banned products. Not every manufacturing unit follows regulations, which becomes difficult for them to access the revenue generated from the unauthorized business.
Arkema, DAIKIN INDUSTRIES, ExxonMobil, Honeywell International, The Chemours Company, Aeropres, Ajanta Group, Akzo Nobel, AMERICHEM, Diversified CPC International, Foam Supplies, HAITAI CHEMICAL, Haltermann Carless, Harp International, KSJN Chemicals, LANXESS, Lehmann&Voss, The Linde Group, Unistar Chemical, and ZEON CORPORATION.
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